Case study

Market Analysis and Market Size estimation for new Dx panel for international Diagnostics company

Sector
Pharma & Healthcare
Service
Market Analysis

Strategy

Case Studies

Artyom Pugachev

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Executive summary

LNQP delivered a 3-phase analysis—market sizing, expert interviews, clinician survey—enabling a diagnostic player to make a data-driven investment decision on a new diagnostics panel. Features: high model accuracy, within 20% of market data, a fast turnaround, and a repeatable framework to be used internally.

Unique challenge & solution

Artyom Pugachev

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Survey panel and response quality, as response method developed to recognize and eliminate rogue answers

March 5, 2025

Context

Artyom Pugachev

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A prominent diagnostics company faced a strategic choice: determining which new diagnostic panel to prioritize for development from a range of competing opportunities. Tasked with expanding its portfolio, the client had categorized diseases but required a rigorous, data-driven framework to assess market potential to allocate resources effectively.

March 5, 2025

Approach

Artyom Pugachev

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Our engagement unfolded in three structured phases, designed to build confidence and deliver precise, actionable recommendations:

Foundation: Hypothesis Development & Initial Market Sizing

  • Desk research to develop a preliminary market model, integrating data on disease prevalence, reimbursement trends, and prescription patterns per condition.
  • Partnered with client stakeholders to refine assumptions and shortlist panels based on strategic alignment and technical feasibility.

 Validation: Expert Insights to Stress-Test Assumptions

  • Interviewed medical professionals across key markets to confirm clinical demand, identify adoption barriers, and assess practical use cases.
  •  Refined market-sizing estimates, focusing on high-potential panels with attractive market share.

Confirmation: Survey-Driven Insights for Final Prioritization (one panel)

Designed and executed a quantitative survey of 100 clinicians across five markets to evaluate adoption intent, drivers and barrier, quantitatively verify the qualitative assumptions obtained from external and expert interviews

Impact
  • The client made a strategic decision within month of the project, which was different to initial internal assumption before starting the project
  • The final market-sizing model for the prioritized panel proved highly accurate—within 20% of independently verified data from a pilot market
  • A repeatable framework—combining desk research, expert input, and targeted surveys—to evaluate future portfolio opportunities systematically. 

Ultimately, our data-driven roadmap aligned stakeholders and positioned the client to capture market opportunity within diagnostic space.

March 5, 2025

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