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Just Other Articles - Audio Books - What's Hot for 2006?
2006 is already here and many ask me what we should expect of the emerging interesting market According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product of Audio Books. Audio books have been here for over 20 years and they have become so popular i ; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug. Examples of combination products may in the last couple of years but yet I claim that the audio books revolution has just begun. Fin lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together. d out the hot trends in the audio books market for 2006: 1. Less audio books on CD and casset here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe es and more downloadable audio books – MP3 audio books and other formats of digital audio book d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations. Combination pro will become cheaper and more reachable, While audio books on CD and books on tape are much le ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc ss convenient and user friendly. The amount of podcast listeners who download audio books from easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi the internet to listen on their mobile devices such as iPod will rise significantly. 2. Audio nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically book rental services will become the most common method of listening to audio books – Similar and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ to the DVD market, most audio book listeners will prefer renting audio books instead of buying ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi them. This trend will be the strongest for downloadable audio books but also true for audio bo ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it. Following aspects would a oks on CD and books on tape. 3. Free audio books – More online audio book services will offer dd to the challenges in developing combination products: Which markets to tap where the combination products can do fairly well? Which combination prod low cost and free audio books by free trials and special sales. 4. Audio books will invade Eu cts are meaningful and rational? Which therapeutic categories to select? Which Combinations can address unmet needs of the patients? Do combin rope – While the audio book market in the United kingdom is developed and have reached a turno tions increase the patient compliance? What would be the developing cost? How to tackle the risks encountered during combination product developmen er of 124$ million in 2004, The market in Germany is constantly rising and have already reache t? As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel a turnover of 120$ million in 2005. The audio book market in the whole continent is expected ping new procedures for reviewing their safety, efficacy and quality. Professional from academic institutions, pharmaceutical industries, health care indust to rise in about 20% during 2006. Sony has also recognized the emerging market of digital aud y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products o books and has recently announced of a new audio book mobile player. The new product will let . As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de the users store and listen to digital audio books and is predicted to gain the same popularit elopment. They need to be wiser in analyzing the market trends and the regulatory requirements. Companies that provide selfless information through particip as the “iPod”. Audio books will be a part of everyone’s life. Join the audio book revolution tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products
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