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Orphan Drugs Market Soars Toward $435.7 Billion | Growth at 11.8% CAGR

04-16-2024 03:22 PM CET | Health & Medicine

Press release from: Allied Market Research (AMR)

/ PR Agency: Allied Market Research (AMR)
Orphan Drugs Market Soars Toward $435.7 Billion | Growth at 11.8%

The global Orphan Drugs Market has experienced remarkable growth, reaching a valuation of $140.1 Billion in 2020 and is projected to achieve an impressive $435.70 Billion by 2030. This growth is fueled by a robust Compound Annual Growth Rate (CAGR) of 11.8% from 2021 to 2030, underlining the increasing importance and demand for treatments targeting rare diseases worldwide.

๐‘๐ž๐ช๐ฎ๐ž๐ฌ๐ญ ๐…๐จ๐ซ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‚๐จ๐ฉ๐ฒ: https://www.alliedmarketresearch.com/request-sample/204


Orphan drugs are specialized pharmaceutical agents administered for the treatment of rare (orphan) diseases. These diseases have a very low prevalence rate; thus, pharmaceutical companies do not readily invest in these drugs as the returns on investment in orphan drugs are risky as compared to non-orphan drugs. Moreover, multiple clinical trials for drug testing cannot be voluntarily performed due to the small patient population. However, orphan drugs have shown tremendous potential in diagnosis and treatment of cancer; this trend is expected to continue throughout the forecast period.


๐Š๐ž๐ฒ ๐๐ž๐ง๐ž๐Ÿ๐ข๐ญ๐ฌ ๐Ÿ๐จ๐ซ ๐’๐ญ๐š๐ค๐ž๐ก๐จ๐ฅ๐๐ž๐ซ๐ฌ:

The comprehensive study provides valuable insights for stakeholders in the Orphan Drugs Market, including:

In-Depth Market Analysis: The report offers an in-depth analysis of the global orphan drugs market, unraveling current trends and future estimations to guide stakeholders towards imminent investment opportunities.

Driving and Restricting Factors: A comprehensive analysis of the factors driving and restricting the growth of the orphan drugs market is provided, offering stakeholders a nuanced understanding of market dynamics.

Quantitative Industry Analysis: The report presents a comprehensive quantitative analysis of the orphan drugs industry from 2020 to 2030, enabling stakeholders to capitalize on prevailing market opportunities.

Segmentation Insights: Extensive analysis of key segments helps stakeholders understand the applications and products of orphan drugs across the globe, offering insights into specific disease types and their prevalence.

Competitive Outlook: Key market players and their strategies have been thoroughly analyzed, providing stakeholders with a deep understanding of the competitive landscape and potential collaborations.


๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง:

By Disease Type:

Oncological Diseases

Metabolic Diseases

Hematologic & Immunologic Diseases

Infectious Diseases

Neurological Diseases

Other Rare Diseases


๐๐ฒ ๐‘๐ž๐ ๐ข๐จ๐ง:

North America (U.S, Canada, Mexico)

Europe (Germany, France, UK, Italy, Spain, Rest of Europe)

Asia-Pacific (Japan, China, Australia, India, Rest of Asia-Pacific)

LAMEA (Brazil, Turkey, South Africa, Rest of LAMEA)


๐Š๐ž๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ:

Novartis International AG (Sandoz)

Johnson & Johnson (Janssen Global Services, LLC)

Sanofi S.A

Bristol-Myers Squibb Company

F. Hoffmann-La Roche Ltd.

Amryt Pharma PLC.

AbbVie Inc.

Amgen Inc.

GlaxoSmithKline PLC (GSK)

Pfizer Inc.


The Orphan Drugs Market's exponential growth underscores the importance of addressing rare diseases, offering significant opportunities for pharmaceutical companies and stakeholders to make a positive impact on global healthcare.


๐„๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐๐ž๐Ÿ๐จ๐ซ๐ž ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/204

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ ๐”๐ฌ:

David Correa

Wilmington, Delaware, United States

USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022,

UK: +44-845-528-1300

Hong Kong: +852-301-84916

India (Pune): +91-20-66346060

Fax: +1(855)550-5975

help@alliedmarketresearch.com

Web: https://www.alliedmarketresearch.com

๐€๐›๐จ๐ฎ๐ญ ๐€๐ฅ๐ฅ๐ข๐ž๐ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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