Dementia Marketing Plan

551 Words2 Pages

I. Strategy Business plan for a new product in the United Arab Emirates using a service technology for elderly who suffers from dementia, the product is an elderly kit bracelet that is connected to an application that will enable families or carers to be notified if the patient is at risk. This will help caregiver and carer to be able to take care of their elders at home which will have beneficial social and economic impact. The company is a start-up company focused initially on distribution of elderly bracelet for use by residents. Effectively building a strong national company against dementia is capable by building strong relationships with clinical decision makers at the facility level. Creating marketing strategies and tactics to position …show more content…

We are providing both a product – dementia kit bracelet - and a service – software's installation. Our company sells systems for easy care of people with dementia for use by assisted living residents. At no additional charge, we provide value-added services like initial consultations, management of all paperwork for order placement, billing and reimbursement, training on the system upon delivery, and management of annual reorder processes. We are constantly researching and developing biomedical devices, including the dementia bracelet kit and other systems, to help elderly people and their relatives. Our customers are dementia patients and their families, medical organisations, doctors, and nurses interested in the proposed benefits of dementia bracelets. The company is currently at the final stage of mass production of its product after medical community's approval. Our closest objectives are:
1. Hire staff and build own IT department
2. Complete clinical …show more content…

Continue product development
4. Maintain market performance The goal is to become not only a world-wide company but a source for product solutions to manage dementia people life. It is a start-up company that will initially distribute a full line of dementia kits, elderly bracelets, and software, facilitating active and free everyday life of dementia patients. The venture is going to produce and distribute additional products. The headquarters are based in Dubai, the United Arab Emirates. The source of differentiation will be in distribution and marketing strategies. The elderly kit product has already successfully passed first clinical tests and a detailed and technical description is beeing created now. Application of dementia bracelets according to our field researches will be rapidly growing within next 10 years, quickly replacing traditional procedures of Patient monitoring. Now dementia bracelet product is the leading current product in this category the United Arab Emirates. The technology used in the product is the subject of seven patents in the application process. Short summary of advantages of a product:
Significant reduction in dementia people who can't move and live without nurses
Minimizing number of hours of medical

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