Advice Pool - Reference and Education

There is a ground swell of support globally to support the growth of distance learning. Market research firms, government agencies, public and private companies, and e

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

ven venture capital firms – those companies that invest in new and emerging businesses – all agree that distance learning’s future is very bright, and a good investment

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

opportunity as well.

All this translates into a bright future for anyone looking at distance learning to accomplish their career, educational, and learning ob

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

jectives. Chances are if there isn’t a program in place today for your specific needs, there will be one – soon. This article explains how the perfect storm is brewin

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

for distance learning, in a very positive way. Several market factors are presented here, along with research from research and government agencies that show that dis

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

tance learning is here to stay and may someday surpass traditional classroom attendance approaches to learning.

What’s driving Distance Learning growth?
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
>

Consider the following statistics from International Data Corporation on the market for distance learning – these figures and others are making many traditio
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
al colleges and universities re-vamp their courses and degree programs to make them available online.

There are 133 million U.S. adults or 66% of
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
the adult population, which have Internet access today. That’s over half the entire U.S. population and serves as a strong incentive for colleges and universities t
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
o re-vamp their programs to support this untapped educational market.

According to International Data Corporation, over 90% of college students access t
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
e Internet, with 50% accessing the Web daily, and this is on a global scale. Colleges and universities have also found that to stay relevant to their traditional s
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a
tudents, they have had to create online and distance learning programs quickly to stay up with their learning needs.

87% of four-year colleges will offe
dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod
r distance-learning courses in 2004, up from 62% in 1998. According to International Data Corporation, 25% more colleges and universities added distance learning p
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
rograms between 1998 and 2004.

By 2004, 2.2 million degree-seeking students are enrolled in distributed courses – CAGR of 33%. The growth of distan
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
e learning on a global scale has the attention of companies as well – they plan on spending $272B in the next five years on in-house training and education programs, ac
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
cording to International Data Corporation.

51% of all online courses worldwide have online discussion forms in 2001, growing to 65% in 2005. This i
ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust
s a sign of how quickly the Internet’s performance is improving around the world. The bandwidth required to support online discussions is great news for distance learn
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
ng. Now even the most geographically remote student can get the education they want.

Summary

The implications are clear. Distance learning is
.

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
growing rapidly and has been fortunate that many countries teach English in addition to their own native languages. What’s next on the horizon of distance learning is
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip
offering courses and degrees in multiple languages. International Data Corporation predicts that by 2006, 65% of all Internet users will be international.

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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Advice Pool - What's Behind the Explosive Growth in Distance Learning?

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