Pharma has a history of exploring digital technologies to develop innovative business models and opportunities. Digital retail platforms represent the latest evolution in this space. A new Research2Guidance report on digital pharma business models has been published.
Since the beginning of the digital health market over 15 years ago, pharmaceutical companies have repeatedly tried to develop new business models with the help of technology. Most of the platforms and services that have been developed have patients as end users and payers as “payers” in their sights. But there are also services that have doctors or even other pharmaceutical companies as their target group.
This content is based on insights from Research2Guidance‘s latest report, PHARMA DIGITAL RETAIL MODEL: The New Sales Channel for Pharma to Boost Drug Sales and Gain Insights into Patient Behavior, published in January 2025.
The first digital retail platforms such as Lilly Direct or PfizerforAll differentiate themselves from other digital business models primarily through their value proposition and high degree of outsourcing. There are six types of digital platforms used by pharmaceutical companies.
Comparative Models in Digital Pharma Strategies:
The Pharma Digital Retail Model (PDRM) is a new sales strategy in the pharmaceutical industry designed to harness digital platforms for improving patient access to medications, boosting drug sales, and gathering valuable insights into patient behavior. This model simplifies the patient journey, addressing needs from identifying health concerns (“What is my problem?“) to obtaining the prescribed medication (“When and how do I get my medication?“), offering significant convenience and relief.
A key feature of the PDRM is its reliance on a high degree of outsourcing, which minimizes operational risks for pharmaceutical companies and facilitates scalability across different market segments and therapeutic areas. By targeting patients directly as both customers and end-users, the PDRM enhances accessibility and affordability, enabling patients to obtain medications and support directly from pharmaceutical companies.
As a relatively new digital health business model, the PDRM exemplifies how pharma companies are innovating to engage directly with patient groups through technology.
To learn more about the new business model, download the new report here