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Advancing technology is bringing with it new medical innovations. We are certainly benefiting

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

from these innovations, as in the case of new scanning equipment. This equipment is at the f

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

Examples of combination products may in

refront of research and is very costly. To keep up with the technology, hospitals have to upd

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

te their expensive equipments regularly; otherwise, they cannot offer the best health care to

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

their patients. Every time a medical establishment upgrades the equipment, it has to sell off

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

Combination pro

the old equipment.

Advantages of leasing medical equipment

Doctors starting a new practice

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

might have modest capital and therefore not be able to afford to buy the best, new equipment.

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

This will certainly hamper their business prospectus. Who will go to a new doctor with obsole

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

e equipment? By leasing, the doctors can get the latest equipment and can use their cash to r

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

un the practice efficiently.

Large hospitals might have the capital required to buy the late

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

t equipment, but they are in danger of getting burdened by the obsolete, costly equipment in

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

ear future. By leasing, the risk of ending up with an obsolete machine is minimized, as you c

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

n build, upgrade, or add-on to the lease. In the process, hospitals also save lot of cash, as

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

there is hardly any upfront amount required for leasing the medical equipment. As a result,

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

he hospitals can expand their business with the saved money.

Medical equipments available on

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

lease

According to a study, the medical industry in the United States leased approximately $

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

3 billion worth of equipment in the last year. Examples of the equipment that can be leased

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

are blood analyzers, CT scanners, heart monitors, and X-ray machines.

In the medical industr

.

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

, businesses need to stay equipped with the latest machines. Therefore, in such a technologic

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

lly driven business, leasing medical equipment is a more profitable choice than purchasing it

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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