References - Recreation and Sports

According to the US Fish and Wildlife Service report, there are 44 million Americans over the age of

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

six go fishing. That’s one out of five that buy bait, lures, fishing hooks, spinners, and flies. Al

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

Examples of combination products may in

ost twice as many people fish, as play golf.

The average fisherman is between 42 and 46 years old.

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

nglers are of diverse racial and ethnic backgrounds. Seventy percent are married, about a third are

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

omen. Perhaps most tellingly, the typical angler has a larger annual income than the average US citi

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

Combination pro

en.

Which means that anglers spend a lot of money on fishing gear. Official sources confirm that in

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

the last year, they spent $20 billion on boats, trucks, licenses, and other fishing-related products

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

and services; nearly $15 billion on fishing trips, and over $5 billion on equipment. Californians le

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

d spending on retail sales of freshwater fishing equipment, at just under $1.5 billion, while Florid

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

ans lead retail sales of saltwater fishing equipment, at almost $3 billion.

The industry monitors s

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

les of all fishing tackle, rods, reels, and combos, fishing line, lures, accessories and marine equi

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

Following aspects would a

pment. All sectors report healthy year-to-date sales when compared to the same month last year. "Rod

dd to the challenges in developing combination products:

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

, Reels and Combos” are the only industry sub-sector that shows a decline in monthly sales compared

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

o the same month last year. In addition to following sales data, the industry also tracks other indi

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

ators that correlate with sales. The amount of rainfall is a top indicator of fishing activity, and

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

he sale of fishing licenses is an indicator of overall fishing participation trends.

The associatio

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

Professional from academic institutions, pharmaceutical industries, health care indust

doesn’t just monitor anglers’ economic activities; it actively promotes them as well. Leading indus

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

ry trade events include ICAST, the International Convention of Allied Sportfishing Trades, which wil

.

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

next meet in July 2007 in Las Vegas. ASA also sponsors an annual Sport fishing Summit that will nex

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

Companies that provide selfless information through particip

meet in October 2006 in San Diego. Finally, ASA sponsors National Fishing & Boating Week every June

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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References - Buying Fishing Gear

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