Global Orphan Drugs Market Shares Include: Europe, North America, Asia Pacific and South America
The rarest diseases are known as orphan diseases. To treat these types of diseases drugs available are termed as Orphan drugs. These kinds of diseases are usually different and its occurrence rate is very less. Orphan drugs are impacts on small group of the population, as it is mostly genetic in nature.
Major Market Drivers and Restraints:
• Rising prevalence of rare diseases
• Rise in R&D investments
• Expansion of product pipeline by launching new drugs
• Impact of developments in pharmacogenomics
• Government initiatives for the development
• High prices are associated with these drug development
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The orphan drugs market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of orphan drugs market for global, Europe, North America, Asia Pacific and South America.
On The Basis Of Product Based: biologics orphan drugs and non-biologics orphan drugs. Biologics orphan drugs is sub segmented into monoclonal antibodies, growth hormones, interferons or interleukins and plasma products.
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On The Basis Of Disease Type: oncologic, metabolic, hematologic & immunologic, infectious and neurologic.
On The Basis Of Indication: non-Hodgkin lymphoma, acute myeloid leukemia, cystic fibrosis, glioma, pancreatic cancer, ovarian cancer, multiple myeloma, Duchenne muscular dystrophy, graft vs host disease and renal cell carcinoma.
On The Basis Of Geography: Orphan Drugs Market Report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
Major Market Competitors:
Some of the major players operating in orphan drugs market are F. Hoffmann-La Roche Ltd., Novartis AG, Pfizer Inc., AbbVie, AstraZeneca, Baxter, Eli Lilly and Company, Johnson & Johnson Services Inc., Merck KGaA, Novo Nordisk A/S, Sanofi, Bristol-Myers Squibb Company, CELGENE CORPORATION, Alexion, Alnylam Pharmaceuticals, Inc., Amgen Inc., Biogen, Celldex Therapeutics, GlaxoSmithKline plc., Eisai Co., Ltd., Intercept Pharmaceuticals, Inc., Northwest Biotherapeutics, Inc., NewLink Genetics Corporation, Shire, Takeda Pharmaceutical Company Limited, Vertex Pharmaceuticals Incorporated and XOMA among others.
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