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The Canadian market for office furniture (at retail prices) in 2005 totaled $6,370 million, up 10.5% ov

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

er 2004. This was the 14th year in a row with positive growth. On an historic perspective, the office 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

rniture market is ahead by 130% between 1995 and 2005. Even if expressed in constant dollar terms the a

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

dvance of 90% is still quite respectable.

The key contributors to office employment are finance, profe

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

sional and technical services, management services, and government. We expect that office furniture int

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

Combination pro

ensive employment will continue to grow faster than non-office intensive employment. In fact, we forese

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

overall gain in office employment of 14% or approximately 486,000 persons between 2005 and 2015. In p

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

articular, professional and technical services as well as management services will grow at an above-ave

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

age pace.

Due to the above mentioned employment trends, we believe that growth of the office furniture

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

market this year – as well as in all years within our prediction period (2005 – 2015) – will remain po

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

itive – both in value and unit terms, hovering around the 2 to 8% range. For this year, we anticipate

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

Following aspects would a

a market value of C$ 6,883 million (expressed at retail prices), up from C$ 6,370 million last year. If

dd to the challenges in developing combination products:

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

our predictions are correct, the market value would reach C$ 10,461 million mark in 2015.

The office

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

furniture market is about evenly divided among seats (both of the metal and non-metal variety), all oth

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

r metal office furniture, and all other non-metal office furniture. The impact new technologies in the

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

office environment caused some shifts in the market composition of office furniture during the past ten

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

Professional from academic institutions, pharmaceutical industries, health care indust

years along the following lines:

• seats increased their share from 31% to 35%. The advance applies t

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

o both metal and non-metal seats, as well as to swivel and other seats.

• non-metal office furniture g

.

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

ined market share at the expense of metal office furniture.

• there is a shift away from desks towards

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

Companies that provide selfless information through particip

other forms of office employee accommodation, especially toward systems combining work-tops and storag

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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Useful Advices - The Canadian Office Furniture Market and Forecasts to 2015

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