Market Strategy Development for Salyx Medical

Open
Salyx Medical
Victoria, British Columbia, Canada
Salyx Medical
Employer
3
Project
Academic experience
120 hours of work total
Learner
Anywhere
Intermediate level

Project scope

Categories
Market research Competitive analysis Customer segmentation Marketing strategy
Skills
data collection customer acquisition management competitive analysis marketing strategies market research price analysis go-to-market strategy business to business pricing strategies milestones (project management)
Details

The project aims to conduct comprehensive market research to inform key business decisions, including pricing strategies, competitor positioning, and go-to-market tactics. It will also evaluate D2C versus B2B models, develop ideal customer personas, and shape product offerings to meet market demands effectively.

Deliverables

Deliverables:

  • COMPETITOR ANALYSIS:

Identify top competitors (direct/Indirect).

Products Research, Features, and Pricing.

  • DEVICE PRICING ANALYSIS:

Collect data on devices with similar functions and features.

Compare pricing across different market segments. (low, mid, high).

Evaluate Pricing strategies.*

Analyze consumer willingness to pay*

  • SUBSCRIPTION SaaS PRICING ANALYSIS

Research common SaaS pricing models.

Analyze competitors’ pricing for similar software products.

Examine how pricing correlates with features offered in different subscription tiers.


  • STRATEGIES FOR GO-TO-MARKET

Target customer segments.

Launch timeline with specific milestones

Strategies for customer acquisition and retention.


  • D2C OR B2B PROS AND CONS FOR LIFESTYLE DEVICE

Compare the D2C and B@B models

Evaluate each model's customer acquisition costs, lifetime value, and sales cycle.

Identify which models align better with the business’s long-term goals.


  • PERSONA ANALYSIS 

Identify needs and how the product or service solves their problems.



Mentorship
Regular meetings

Scheduled check-ins to discuss progress, address challenges, and provide feedback.

About the company

Company
Victoria, British Columbia, Canada
11 - 50 employees
Hospital, health, wellness & medical, Technology

We are a digital health technology company, an organization that leverages digital innovations to enhance healthcare delivery, patient care, and overall health outcomes. Our Smart Patient-Monitoring Solution, driven by the Salyx Device, connects individuals, healthcare professionals, and loved ones in real-time.