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Global Rare Diseases Treatment Market Comprehensive Study: Forecasted Market Size And Growth Rate | AbbVie Inc., Actelion Pharmaceuticals Ltd, Alexion Pharmaceuticals Inc., Celgene Corporation, Bayer AG
Rare Diseases Treatment Market Characteristics
The Business Research Company offers in-depth market insights through Rare Diseases Treatment Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The rare diseases treatment market size has grown rapidly in recent years. It will grow from $169.56 billion in 2023 to $192.22 billion in 2024 at a compound annual growth rate (CAGR) of 13.4%. The growth in the historic period can be attributed to orphan drug legislation, increased disease awareness, biotechnological innovations, global health initiatives, rise in personalized medicine..
The rare diseases treatment market size is expected to see rapid growth in the next few years. It will grow to $312.46 billion in 2028 at a compound annual growth rate (CAGR) of 12.9%. The growth in the forecast period can be attributed to emergence of innovative therapeutic modalities, evolving healthcare reimbursement policies, artificial intelligence and data analytics, expansion of patient registries, regulatory support for expedited approvals.. Major trends in the forecast period include gene therapy breakthroughs, cross-sector collaboration, telemedicine and remote care, emerging therapeutic modalities, patient advocacy and empowerment..
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Market Segmentation:
The rare diseases treatment market covered in this report is segmented -
1) By Drug Type: Originator Drugs (Patented Molecules), Generic Drugs
2) By Drug Class: Biologics, Organic Compounds
3) By Mode Of Administration: Injectable, Oral, Other Modes Of Administration
4) By Therapeutic Area: Cancer, Neurological Conditions, Cardiovascular Conditions, Musculoskeletal Conditions, Hematologic Disorders, Infectious Diseases, Metabolic Disorders, Endocrine Disorders, Other Therapeutic Areas
5) By Distribution Channel: Hospital Pharmacies, Specialty Pharmacies, Retail Pharmacies
Major Driver - Rising Prevalence Of Rare Diseases Fuels Growth Of Rare Disease Treatment Market
The increasing burden of rare diseases is driving the rare disease treatment market. Rare diseases are diseases that affect a very small population as compared to general diseases. The increasing incidences and fatalities due to rare diseases are creating a demand for effective rare diseases treatment. For instance, according to a report published in Orphanet Journal of Rare Diseases, a UK-based open access medical journal on rare diseases, there were about 15.5 million U.S children with at least one rare. As a result, the increasing prevalence of rare diseases propels the rare disease treatment market forward.
Competitive Landscape:
Major companies operating in the rare diseases treatment market report are AbbVie Inc., Actelion Pharmaceuticals Ltd, Alexion Pharmaceuticals Inc., Celgene Corporation, Bayer AG, Johnson & Johnson, Novartis AG, Pfizer Inc, Sanofi S.A., Eisai Co. Ltd., Merck & Co. Inc., Vertex Pharmaceuticals, Takeda Pharmaceutical Company, Eli Lilly and Company, AstraZeneca plc, Abeona Therapeutics Inc., Akcea Therapeutics Inc., Alnylam Pharmaceuticals Inc., Amicus Therapeutics Inc., BioMarin Pharmaceutical Inc., bluebird bio Inc., Catalyst Pharmaceuticals Inc., Cerecor Inc., Chiesi Farmaceutici S.p.A., CSL Behring Ltd., Dicerna Pharmaceuticals Inc., Diplomat Pharmacy Inc., Esperion Therapeutics Inc., Genzyme Corporation, Horizon Therapeutics plc., Intercept Pharmaceuticals Inc., Ionis Pharmaceuticals Inc.
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Top Trend - Ai Integration In Rare Disease Treatment Market To Accelerate Drug Discovery
Technological advancements are the key trends in the rare disease treatment market. Major companies in the rare disease treatment market are integrating artificial intelligence in rare disease treatment to provide a better alternative and sustain their position in the market. For instance, in August 2021, Healx, a UK-based AI-driven innovation company, launched HealNet, an AI-powered drug discovery platform for rare disease treatment. The platform is based on machine learning and artificial intelligence technology to conduct effective and fast drug discovery processes. It integrates data from multiple to form a detailed rare disease biomedical knowledge graph that is analyzed by cutting-edge AI methods.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Rare Diseases Treatment Market Characteristics
3. Rare Diseases Treatment Market Trends And Strategies
4. Rare Diseases Treatment Market - Macro Economic Scenario
5. Rare Diseases Treatment Market Size And Growth
…..
27. Rare Diseases Treatment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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