This case describes a breakthrough technology for the treatment of heart failure introduced into the European market in 2002 by Guidant Europe NV/SA. The focus of this case is on describing the technical aspects of heart failure and Guidants cardiac resynchronization therapy. Additionally, information is presented on Guidants strategy to open a new therapeutic market for this technology, which includes cultivating a new group of physician customers.
This case exposes students to the dynamics of introducing a breakthrough technology into a mature and stable industry. Specific attention is paid to estimating the potential market, evaluating technological efficacy and the adoption of direct-to-physician marketing practices by a device company, to change physician practice patterns. The role of physician education and technical skill in the diffusion of new durable medical technologies is also addressed.
- AR2004
- AR0304
- RD0704
- MEDICAL DEVICES
- BREAKTHROUGH TECHNOLOGY
- MARKET ENTRY
- PHYSICIAN PRACTICE PATTERNS
- HEART FAILURE
- GUIDANT EUROPE NV/SA
- TECHNOLOGY DIFFUSION
- CARDIAC RESYNCHRONIZATION