QuickConsult Can Position Your Business for Sale or the Market
The medtech industry is growing year over year as technologies advance and opportunities arise with an aging market (the U.S. population over the age of 65 increased 18% from 2000 to 2011). The United States is the global leader in the medical device space—harboring $110 billion of the $350 billion in total revenue internationally. If the U.S. medtech industry wants to stay at the top of the global leaderboard, though, it’s going to have to capitalize on the strengths it has exhibited as well as seek out new opportunities for growth.
No matter where your med dev company may be in its life—startup or well-established industry leader—QuickConsult can help you down the path of fine-tuned business development. From entering the market, maintaining position or preparing for an exit, our deep pool of experts is full of people with the answers you need. With QuickConsult, simply ask your questions (or questions if you are seeking a longer-term consulting engagement) and have industry experts vying for you within minutes. Our experts are thoroughly vetted, so you can rest assured you’re working with the cream of the med dev crop.
What Is Business Development?
Business development is exactly what it sounds like; developing your business for success. Now while that may seem like a straightforward description, it is a very nuanced role. For example, a business in its infancy will need different development help than a business that is being sold and exiting the market. These businesses will have different questions pending their phase in development, and they would need different types of expertise in order to fully answer their questions.
When a medtech business is just beginning, its business development strategies should be geared toward decisions and pursuits that create long-term value. Larger businesses may need help honing in on sourcing biz dev opportunities, evaluating their value and securing the deal. The essence of any medtech business development, though, is evaluating new markets, creating strategies and executing those strategies for the best outcomes possible.
Don’t get left trying to sort through what is best for your company and what the best path may be. QuickConsult’s business development gurus have worked for Top 5 Medtech Companies as well as smaller companies. Our business development areas of expertise include:
We can help craft your portfolio of assets to achieve your financial goals.
Mergers and acquisitions can be tricky terrain for a medtech company of any size. Not only will you have to think about integrating existing operations and systems, but you’ll also have to adequately plan for integrating employees. With so many moving components during a merger or acquisition, there are a lot of steps where errors could occur. Our experts can answer questions and provide guidance and strategies for the accounting, finance, human resources and manufacturing side of things. We can help tie up any loose ends and help you ensure a smooth transition whether your company is experiencing a merger or an acquisition.
How does a medtech company expand its product line or capabilities? Whether it includes growing your internal R&D department or reaching out for partnerships with other businesses, there are many ways to grow your oferrings. QuickConsult’s experts can tap into your potential or look at options with fresh eyes and expertise to select which would be the wisest path for you.
Discovering where your biz dev opportunities are is one of the first steps to growth. QuickConsult experts can help you when it comes to analyzing your market—knowing your target audience, completing a competitive analysis, pricing, etc. There are a lot of components to a good market analysis, and a good market analysis can provide your business with a road map for growth when done correctly.
If your medtech company is headed toward a merger or acquisition, one of the primary values you’ll need to be aware of is the valuation of your company or the one you’re acquiring. Researching, assessing and writing valuation reports can be costly and time-consuming—especially if completed by someone inexperienced in valuations.
How Can QuickConsult Help?
You pick the expert who you feel is a best match for you. Whether you like their personality, their impressive bio or both, the choice is up to you. Once your QC expert has been chosen, you can finally get down to business. Our experts can:
- Perform integration analysis pre- or post-acquisition
- Develop business model to best suit your plans
- Evaluate new markets
- Evaluate new portfolio expansion opportunities
- Create business cases to support executive decisions
We have helped Fortune 500 companies to small startups needing guidance and surefire strategies for business development growth. Our experts, who range from ex-FDA to VPs of Fortune 500 companies, have a keen eye when it comes to seeking out opportunities and strategizing the best solution for you. Don’t get left feeling stuck or overwhelmed with how to begin or continue growing your business in the best way possible. Our med dev experts are here to answer your one-time questions or assist you with longer-term engagements. The help you receive is completely tailored to your needs through any business development challenge you may be facing.
Get the Medtech Business Development Help You’ve Been Dreaming Of
Ask a question, pick an expert, solve your problems. QuickConsult offers one of the easiest and most direct ways to seek and receive help for your biz dev questions. Our experts are experienced professionals who are fully immersed in the medtech industry. Need a supplementary employee? Need an answer to a one-time question? Need a valuable solution to your problems quickly? Get started with us today. Our broad and deep areas of expertise will help craft strategies, grow relationships, pinpoint opportunities for growth and execute your plans with fewer headaches than if you tried going it alone.
“QuickConsult is like having a really good friend who’s a really good expert, in your back pocket, that you can … ask a tough question! [QuickConsult] provides that network in a way that is easy access, vetted people in an environment that you can trust and be protected. I think that’s invaluable.”
– Susan Alpert, MD, PhD, former FDA Director
Ask your Business Development question now