Orphan Drugs Market Size, Share, Trends, Development Strategies, Competitive Scenario and Segmentation Analysis

Orphan Drugs Market report is an excellent report that makes it possible to the HEALTHCARE industry to take strategic decisions and achieve growth objectives. HEALTHCARE industry can be highly benefited with this market research report which brings market and competitive landscape clearly into the focus and help make better decisions. In this business document, market segmentation has also been performed in detail based on various parameters that include applications, verticals, deployment model, end user, and geography. Expert solutions combined with potential capabilities make Orphan Drugs Market survey report outperforming for the HEALTHCARE industry.

The rapid rise in the prevalence of hypertension, diabetes, and cardiovascular diseases is expected to accelerate market growth from 2023 to 2030. Similarly, an increase in the prevalence of rare diseases and an increase in healthcare expenditure are expected to boost the growth of the orphan drugs market. Additionally, favorable reimbursement policies and favourable government policies are expected to drive market growth. Additionally, the expansion of the product pipeline through the launch of new drugs and an increase in the rate of R&D initiatives are expected to influence the growth of the orphan drugs market.

Data Bridge Market Research analyses that the orphan drugs market which is USD 174.11 billion in 2022, is expected to reach USD 359.86 billion by 2030, at a CAGR of 9.5% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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Orphan drugs are medical products intended to prevent, diagnose, or treat rare, life-threatening disorders. These are known as orphan drugs because the pharmaceutical industry has little interest in developing and marketing these products for a small number of patients under normal market conditions.

Drivers

• Rising cases of oral cancer

Rare disease treatments frequently necessitate a cold chain, a temperature-controlled supply chain that is not readily available in all countries. People are rarely affected by orphan or rare diseases (i.e. 7 out of 10,000). However, the global prevalence of rare diseases has been increasing in recent years. According to an article shared by the American Cancer Society, in the United States in January 2022, there are approximately 54,000 new cases of oropharyngeal or oral cancer each year. Oropharyngeal or oral cancer claims the lives of 11,230 people. The average age of people diagnosed with these cancers is 63, but they can strike at any age. Patients under the age of 55 account for slightly more than 20% (1 in 5) of all cases. Thus, the rising prevalence of diseases is driving the growth of the orphan drugs market.

Opportunities

• Rising prevalence of rare diseases

Recurrent, chronic, and rare illnesses, as well as increased demand for significant amounts of orphan drug production, are expected to affect approximately 300 million people worldwide. Rare disease medicines, such as Yellow Fever, von Willebrand Disease, Waardenburg Syndrome, Diabetes Macular Edema, Abetalypoproteinemia, ASD, Yellow Nail Syndrome or Von Hippel Lindau Syndrome and others, are increasing in demand for medicinal products that help increase the market. Furthermore, FDA free exemptions, public R&D grants, favourable reimbursement policies, and premium pricing are available to help businesses grow.

Recent Developments

• In 2020, Retrophin Inc., a biopharmaceutical company based in the United States, paid $90 million for Orphan Technologies. This agreement includes OT-58, a novel enzyme replacement therapy for treating classic homocystinuria currently in Phase 1/2 trials. The acquisition expands the pipeline of potential first-in-class treatments for rare diseases. Orphan Technologies is a clinical-stage biopharmaceutical company based in Switzerland that is focused on the development of OT-58.

Some of the major players operating in the orphan drugs market are:

• F. Hoffmann-La Roche Ltd. (Switzerland)
• Novartis AG (Switzerland)
• Pfizer Inc. (U.S.)
• Eli Lilly and Company (U.S.)
• Johnson & Johnson Services Inc. (U.S.)
• Merck KGaA (Germany)
• Novo Nordisk A/S (Denmark)
• Bristol-Myers Squibb Company (U.S.)
• Alexion Pharmaceuticals, Inc. (U.S.)
• Kyowa Kirin Co., Ltd. (Japan)
• Amgen Inc. (U.S.)
• Biogen (U.S.)
• Celldex Therapeutics (U.S.)
• GSK plc. (U.K.)
• Eisai Co., Ltd. (Japan)
• Takeda Pharmaceutical Company Limited (Japan)
• Vertex Pharmaceuticals Incorporated (U.S.)

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Orphan Drugs Market Scope

Drug Type

• Biological
• Non-Biological

Disease Type

• Oncologic Diseases
• Metabolic Disease
• Hematologic and Immunologic Diseases
• Infectious Diseases
• Neurological Diseases
• Others

Indication Type

• Non-Hodgkin Lymphoma
• Acute Myeloid Leukemia
• Cystic Fibrosis
• Glioma
• Pancreatic Cancer
• Ovarian Cancer
• Multiple Myeloma
• Duchenne Muscular Dystrophy
• Renal Cell Carcinoma
• Graft Vs Host Disease
• Others

 Drug Type

• Revlimid
• Rituxan
• Opdivo
• Keytruda
• Imbruvica
• Soliris
• Jakaf
• Pomalyst
• Darzalex
• Spinraza
• Adcetris

Sale

• Generics
• Prescribed

Therapy Class

• Oncology
• Blood
• Central Nervous Systems
• Endocrine
• Cardiovascular
• Respiratory

Distribution Channel

• Hospital Pharmacy
• Retail Pharmacy
• Online Sales
• Others

Key Advantages of the Report: 

• This study provides an analytical overview of the industry, including current trends and future predictions to identify potential investment opportunities.
• The report offers insights into key drivers, limitations, and prospects, along with a comprehensive market share analysis.
• The report quantitatively assesses the current market, shedding light on its growth prospects.
• A Porter’s five forces analysis gauges the bargaining power of buyers and suppliers in the market.
• The report delivers an in-depth market analysis that considers competitive dynamics and forecasts the future competitive landscape.

What to Anticipate from the Report – A 7-Point Guide:

• The report delves into the holistic strategy and innovation within the market ecosystem.
• It highlights prominent market drivers and obstacles, providing clarity on technological standardization and regulatory frameworks.
• The report evaluates various implementation models and examines numerous use cases.
• Serving as a valuable resource, the report offers essential industry insights, showcasing information on new investments, stakeholders, relevant contributors, and market participants.
• Through the forecast period, the report conducts a thorough market analysis, referencing historical developments, ongoing events, and future growth prospects.

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