Forecasting health gaps

You’re an average person.

You don’t know what diseases you’ll get in the future.

You know people get diseases and certain populations get diseases more than others, enough to say certain things cause diseases.

You’re not quite the average person.

You have a strong preference against sickness and a strong belief in your ability to mitigate deleterious circumstances.

You have access to preventative research. You know if you don’t work in a coal mine, overtrain when running, and eat healthy, you can stay healthier than those who take those risks.

You know that some disease outcomes are less than predictable, so you want to work towards the available of treatments that fill gaps in the availability of therapeutics. For instance, you might want a treatment for HIV to be developed, in case you become HIV infected, since there is a risk of HIV exposure for almost anyone exposed to unprotected sex, since they won’t necessarily know their sexual partners entire serohistory (noologism?)
However, you don’t know which diseases you will get. So how do you prioritise?

Perhaps, medical device and pharmaceutical company strategies could be ported to your situation.

Most people, including non-epidemiologist researchers, don’t have access to epidemiology data sets.

Most people, don’t have the patience to read a book on medical market research

You don’t have the funds or connections to employ the world’s only specialist in the area of medical market forecasting.

At least he’s broken down the field into best practice questions:

  • Where can we find epidemiological information/​data?

  • How do we judge/​evaluate it?

  • What is the correct methodology for using it?

  • What’s useful and what’s not useful for pharma market researchers?

  • How do we combine/​apply it with MR data?

The only firm, other than Bill’s, that appears to specialist in the area fortunately breaks down the techniques in the field for us:

  • Integrated forecasts based on choice modeling or univariate demand research to ensure that the primary marketing research is aligned with the needs of forecast

  • Volumetric new product forecasting to provide the accuracy required for pre-launch planning

  • Combination epidemiology-/​sales-volume-based forecast models that provide robust market sizing and trend information

  • Custom patient flow models that represent the dynamics of complex markets not possible with cross-sectional methods

  • Oncology-specific forecast models to accept the data and assumptions unique to cancer therapeutics and accurately forecast patients on therapy

  • Subscription forecasting software for clients who would like to build their own forecasts using user-friendly functionality to save time and prevent calculation and logic errors

The generalisations in the industry, things that are applicable across particular populations, therapeutics or firms appears to be summarised here:

It’s 36 pages long, but well worth it if area is interesting to you.

So now you know how this market operates, what are the outputs:

Mega trends are available here

A detailed review is available here

Do they answer the questions, use the techniques proposed, and answer the ultimate question of what gaps exist in the provision of medical therapeutics?

I don’t know how to apply the techniques to tell. What do you think?

I know there are other ways to think about these problems.

For instance, if I put myself in a pharmaceutical company’s position, I could use strategic tools like Porter’s 4 forces and see whether a particular decision looks compelling.

The 2018 paper suggests that pain killers in developed countries are going to get lots of government investment.

So, does it makes sense to supply that demand?

There are a number of highly risky threats that might suggest say a potential poppy producer shouldn’t proceed:

**technological**

Disruptive biotechnology, such as genetically modified yeast which can convert glucose to morphine. There have been suggestions that this invention is overhyped

**political**

Licensing poppy producers who currently supply illicit drug producers

This said, the whole thing is very underdetermined so I suspect actual organisations are far more procedural in their approaches. What do you think?