Wednesday, January 30, 2008

WOMEN'S HORLICKS: its launch creates excitement in the OTX space

The reality of the Indian pharma and healthcare marketplace is that it is an OTX market (ie. a combination of prescription and over-the-counter). This means, opinion builders like doctors and pharmacists are important in influencing the consumption of healthcare goods. The rising power of the media has given rise to the empowered consumer who now exercises his or her choice in making healthcare decisions. Moreover, the rising incomes in Indian families, particularly in double income families, have led to greater consumption of healthcare goods. It is perhaps in this backdrop that Women's Horlicks is launched in the OTX market; mind you there is also a Mother's Horlicks that addresses the needs of pregnant and lactating women, and is marketed as an exclusive prescription product.

Modern India lavishes its attention on women. With the gender ratio getting skewed, women are in the numerical minority, and thus there is greater attention and resource allocation for women. Slowly but surely, the traditional partiality towards boys is getting replaced with a sense of gender equality, particularly in urban areas: mainly the metros and Tier 1 cities/towns. And women are shoulder to shoulder to men in earnings...these trends have ensured a growing market for women oriented products – for instance, the derma and hair care products, and beauty products are showing great growth.

Women’s Horlicks is targeted to women of the age group of 19 to 50 years; thus, Women’s Horlicks is targeted at these phases of a woman’s life: adolescence – young woman - menopause. Women's Horlicks offers micronutrients to help in anemia management and osteoporosis (remember low back pain is one of the first signs and symptoms of osteoporosis and is more common in women). Mother's Horlicks in the meantime addresses the needs of pregnant and lactating women through the prescriber's pen.
To further bolster the establishment of Women's Horlicks, one can air, actual users sharing experiences, and start an online campaign to reach out to netizens who would gladly put their money in favor of purchasing Women's Horlicks. Social media marketing can put exciting focus on brand development of Women's Horlicks.

A discount coupon scheme (encashable with repeat purchase of Women's Horlicks) can strengthen repeat purchases and thus aid brand establishment. Or the doctor can be involved in providing the endorsed (with her signature) discount coupon.
One more aspect that can be highlighted is the fact that Women's Horlicks strengthens eye health, which gets affected with aging.
All in all, the timely launch of Women's Horlicks (riding along with Mother's Horlicks) will help boost the sales, and contribute to the health of the balance sheet of Glaxo SmithKline Consumer Healthcare; and help contribute to women's healthcare...

5 comments:

Harish B said...

nice blog and great work .enjoyed reading the posts

Sunil S Chiplunkar said...

Many thanks for your kind time and comment. In fact, I read your blog regularly. Your article on Horlicks is more comprehensive and gives good details. Best of luck.

Ankura Hospital said...

Wonderful and informative information shared with us.Its really helpful for us, awaiting for more new blog.

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