Global Breakthrough Therapy (BT) Designation Market is slated to grow rapidly in the coming years | Eli Lilly and Company, Gilead Sciences, Inc., Sanofi, ACADIA Pharmaceuticals Inc., Boehringer Ingelheim International GmbH

Global Breakthrough Therapy (BT) Designation Market is expected to rise from its initial estimated value of USD 57.56 billion to an estimated value of USD 167.10 billion by 2026, registering a CAGR of 14.25% in the forecast period of 2019-2026. Increasing demand for cancer therapies is driving the growth of this market.

This breakthrough therapy (BT) designation report helps to be there on the right track by making to focus on the data and realities of the industry. This market document also brings into focus a comprehensive evaluation of the market's growth prospects and restrictions. The research and analysis performed in this breakthrough therapy (BT) designation report assists clients to forecast investment in an emerging market, expansion of market share or success of a new product. It has been believed that the finest market analysis report is the one which is pertinent, unique, and creditable that employs proven tools and techniques to turn complex market insights into simpler version.

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Few of the major competitors currently working in the breakthrough therapy (BT) designation market are F. Hoffmann-La Roche Ltd, AbbVie Inc., Novartis AG, Janssen Global Services, LLC, Eli Lilly and Company, Gilead Sciences, Inc., Sanofi, ACADIA Pharmaceuticals Inc., Boehringer Ingelheim International GmbH, Amgen Inc, AstraZeneca, GlaxoSmithKline plc., Vertex Pharmaceuticals Incorporated, Alexion, Merck KGaA, Jazz Pharmaceuticals, Inc., Exelixis, Inc., Takeda Pharmaceutical Company Limited.

Key Developments in the Market:

In January 2015, Lucentis has got dsignation from US Food and Drug Administration for their Breakthrough Therapy (BT) designation which is specially designed for the diabetic patients. FDA gave them approval on the basis of result of RISE and RIDE phase 3 trials.
In April 2015, DBV Technologies announced that there Viaskin Peanut patch has received the Breakthrough Therapy" (BT) designation from the US Food and Drug Administration (FDA). This Viaksin targets the antigen-presenting cells so that they can directly apply superficial layers of the skin.

Competitive Analysis:

Global breakthrough therapy (BT) designation market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of breakthrough therapy (BT) designation market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

Market Drivers

Increasing demand for orphan drugs among consumer is driving the growth of this market.
Increasing adoption of BT status in molecules is driving the market.

Market Restraints

Expensive cost of the BT drug is restraining the growth of this market.
Availability of generics is restraining the market growth.

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Segmentation: Global Breakthrough Therapy (BT) Designation Market

By Application

Oncology
Infectious Diseases
Rare Diseases
Autoimmune Diseases
Pulmonary Diseases
Neurological Disorders
Others

By End- User

Hospital
Clinic
Research Institute
Laboratories

By Geography

North America
South America
Europe
Asia-Pacific
Middle East & Africa

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