Orphan Drug Market size is expected to grow at a CAGR of 9.7% from 2024 to 2030, reaching nearly USD 443.77 billion by 2030.

Maximize Market Research, has published market intelligence and competitive landscape report on the Orphan Drug Market.

Over the forecast period, Orphan Drug Market is expected to grow from USD 232.12 Bn. to USD 443.77 Bn. by 2030, at a CAGR of 9.7 per cent.

North America dominated the Orphan drug market with the highest share in 2023. The region is expected to grow at a CAGR of 6.5% during the forecast period and maintain its dominance by 2023 and this trend is to continue for a few years.

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In the United States, orphan drugs have an average annual cost of $32,000, and over a third of drugs with orphan indications cost more than $100,000 annually. Over 7,000 rare diseases affect more than 30 billion people in the United States.
Europe has also shown significant growth potential in the Orhan drug market, The Increasing prevalence of rare diseases and the recognition of their importance by healthcare systems is driving growth in Europe. The EU has taken steps to improve access to orphan drugs through initiatives such as the European Reference Networks (ERNs), which aim to improve the diagnosis and treatment of rare diseases across member states.

Asia Pacific Orphan drug issues have become an increasing concern for patients and healthcare policy authorities in China in recent years. The pricing and availability of orphan pharmaceuticals for rare diseases have already been regulated in China, Australia, Singapore, Japan, Taiwan, and Korea equivalent regulatory frameworks are now being established in India and New Zealand.
These countries have already put laws in place to support orphan drug development. In China, rare or orphan diseases affected at least 10 billion people and 350 billion globally.

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Orphan Drug Market segmentation:

by Product

• Biological
• Non-Biological

by Disease Type

• Oncology
 Pancreatic Cancer
 Ovarian cancer
 Multiple Myeloma
 Renal Cell Carcinoma
 Others
• Hematology
 Hereditary Angioedema (HAE)
 Hemophilia
 Others
• Neurology
 Duchenne Muscular Dystrophy
 Alzheimer's Disease
 Huntington's Disease
 Others
• Cardiovascular

by Therapy Type

• Oncology
• Neuromuscular
• Respiratory
• Hematology
• Others

by Distribution Channel

• Hospital pharmacies
• Retail pharmacies
• Online pharmacies
• Others

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Orphan Drug Market Key Players are:

1. Takeda Pharmaceutical Company Limited
2. Novartis AG
3. Johnson & Johnson
4. F. Hoffmann-La Roche Ltd
5. Bristol-Myers Squibb Company (Celgene Corporation)
6. Amgen Inc.
7. Bayer AG
8. Alexion Pharmaceutical Inc.
9. Novo Nordisk A/S
10. Pfizer Inc.
11. Eli Lilly and Company
12. Merck KGaA
13. Bristol-Myers Squibb Company
14. Amgen Inc.,

𝐅𝐨𝐫 𝐚 𝐝𝐞𝐞𝐩𝐞𝐫 𝐮𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝𝐢𝐧𝐠, 𝐜𝐥𝐢𝐜𝐤 𝐨𝐧 𝐭𝐡𝐞 𝐥𝐢𝐧𝐤: https://www.maximizemarketresearch.com/market-report/orphan-drugs-market/342/

Key questions answered in Orphan Drug Market are:

1. What are the growth drivers for the Orphan Drug Market?
2. What is the major restraint on the Orphan Drug Market growth?
3. Which region is expected to lead the global Orphan Drug Market during the forecast period?
4. What is the projected market size & growth rate of the Orphan Drug Market?
5. What segments are covered in the Orphan Drug Market report?

Key Offerings:

Past Market Size and Competitive Landscape (2018 to 2023)
Past Pricing and price curve by region (2018 to 2023)
Market Size, Share, Size & Forecast by Different Segment | 2024-2030
Market Dynamics - Growth Drivers, Regional analysis, Segment Analysis, Competitive landscape
Market Segmentation - A detailed analysis of the Offerings, Vertical, Application and Region
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region

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Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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