Press release
Orphan Drugs Market By End-user, Type And Geography - Forecast And Analysis To 2032 | Bristol-Myers Squibb Company, Celgene Corporation, F. Hoffmann-La Roche Ltd., Amgen, Biogen
Orphan Drugs Market
As per the orphan drugs market report by The Business Research Company, the rising prevalence of rare diseases will continue to be a driver of the orphan drugs market. Any disease that affects a small percentage of the population is rare. Rare disease treatments often require a cold chain, a supply chain regulated by the temperature that is not readily accessible in all countries. Orphan diseases or rare diseases occur rarely among people (i.e. 7 out of 10,000). However, globally, the prevalence of rare diseases is increasing in recent years. The elderly population is increasing rapidly across the world, and it is expected to continue over the forecast period. By 2030, the population aged 65 year and above is expected to reach approximately 70 million in the USA.
The global orphan drugs market grew from $154.81 billion in 2022 to $170.77 billion in 2023 at a compound annual growth rate (CAGR) of 10.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The orphan drugs market is expected to grow from $293.6 billion in 2027 at a CAGR of 14.5%.
Read More On The Orphan Drugs Market Report Here:
https://www.thebusinessresearchcompany.com/report/orphan-drug-global-market-report
Major competitors in the Orphan Drugs market include Bristol-Myers Squibb Company, Celgene Corporation, F. Hoffmann-La Roche Ltd., Amgen, Biogen, Bayer, Novartis AG.
The Orphan Drugs market is segmented -
• By Therapy Area: Oncology, Blood, Central Nervous System, Endocrine, Cardiovascular, Respiratory, Immunomodulatory.
• By Distribution Channel: Hospital Pharmacy, Retail Pharmacy, Online Sales.
• By Drug Type: Biological, Non-Biological.
• By Disease Type: Oncology, Haematology, Neurology, Cardiovascular, Other Disease Types.
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Orphan Drugs market.
Request A Free Sample Of The Orphan Drugs Market Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=2823&type=smp
Orphan drugs refer to drugs that are specifically designed to treat an uncommon medical problem. It might be characterised as medicines that address public health needs but are not produced by the pharmaceutical industry due to financial constraints. Since a chemical may be used to treat a common condition but not have been designed for another, more rare indication, the indications of a medicine may likewise be called "orphan."
The Table Of Content For The Orphan Drugs Market Include:
1. Executive Summary
2. Orphan Drugs Market Characteristics
3. Orphan Drugs Market Trends And Strategies
4. Orphan Drugs Market - Macro Economic Scenario
5. Orphan Drugs Market Size And Growth
……
26. Africa Orphan Drugs Market
27. Orphan Drugs Market Competitive Landscape And Company Profiles
28. Orphan Drugs Pipeline Analysis
29. Key Mergers And Acquisitions In The Orphan Drugs Market
30. Orphan Drugs Market Future Outlook and Potential Analysis
The "Global Orphan Drugs Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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