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Engaging with preventative healthcare - could it be both easy and effective for consumers?
If you’re involved in health services, you’re likely familiar with the buzz around preventative healthcare. The paradigm shift from treating symptoms to preventing future health issues is not just a trend; it’s an area of growing commercial interest with significant implications.
While a dedicated minority has long prioritised preventative measures, the vast majority of consumers address health concerns only as they arise. This reactive approach is understandable given our finite resources around money, time, and mental energy – especially when they’re often consumed by immediate health issues like a cold or a sprained ankle. However, with half of all American adults having at least one chronic condition, we think the case has now been made for more deliberate and thoughtful interventions [1].
We’re not suggesting that the route forward is simple. Organisationally, for example, this would require a widespread shift in mindset: marketing teams would need to think differently about how to promote a proactive outlook in consumers and where these solutions might fit within a brand portfolio, sales and account teams would need to figure out in-store positioning and secure buy-in from retailers, and R&D teams would need to consider how to build confidence in less tangible benefits through research and science.
Despite the challenges, the potential economic benefits are considerable. Reports suggest that in the UK, up to 18% of GP workloads are related to minor ailments, costing ~ £2 billion annually [2]. These minor ailments could, left untreated, develop into preventable, chronic conditions with far wider consequences for both individual and public health.
For consumer healthcare companies who are willing to put themselves at the forefront of preventative healthcare, there is clearly significant headroom for innovation. Here’s three suggestions for how these companies can reduce the barriers faced by consumers to maximise their chance of success:
It’s clear that introducing preventative healthcare products into the market presents unique challenges. We believe that the most successful players will be those which have approached these challenges with a holistic mindset. As consumer mindsets shift towards proactive health management, the opportunities for growth in this sector are well within reach.
What does this mean for your business?
Get in touch to learn more by emailing Lily Clarke: LEC_healthcare@innoviatech.com
[1] https://www.cdc.gov/pcd/issues/2020/pdf/20_0130.pdf
[2 ] https://onlinelibrary.wiley.com/doi/full/10.1111/ijcp.14424
Lily works closely with R&D leaders from some of the world’s largest and most forward-thinking FMCG and consumer healthcare companies, helping them to overcome their toughest innovation challenges. She collaborates with a talented and diverse team of life scientists, behavioral scientists, designers and technologists to bring fresh perspectives to timeless problems.With a Master’s degree in Physics, Lily brings a unique perspective to healthcare problems with her analytical skills and creative problem-solving approach.
She is deeply passionate about understanding why some groups are disproportionately let down by healthcare systems and finding creative ways to break down those barriers.
Lily Clarke: LEC_healthcare@innoviatech.com
Lily Clarke: LinkedIn