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Orphan Diseases (Rare diseases) Market Overview 2019, Global Size, In-depth Industry Analysis, Trends, Share, Drug Development, Segments, Competitive Landscape, Key Players and Regional Opportunities by 2022

November 21st, 2019 Market Research Future Releases

Orphan diseases Market information, by Type of Diseases (autoimmune disorders, genetic disorders, blood disorders, cancer, growth disorder, cardiovascular diseases, neurological disorders, respiratory disorders, digestive disorders, eye disorders), by Type of Treatment (gene therapy, cell therapy, drug therapy), by End user (hospital and clinics, research laboratory) – Global Forecast to 2022

Orphan Diseases Market Analysis

Orphan diseases are also referred to as rare diseases. Despite the low market interest, treatment demand continues to grow for orphan diseases. Orphan diseases represent a very small percentage of the global population. However, prevalence rate has increased considerably in recent years. Most orphan diseases are genetic and may remain in patient throughout their life. While many orphan diseases are low-risk and do not threaten life, some may have severe impact on the health. Approximately 7000 different rare diseases are listed, however, no exact figure is available.

Get a FREE Sample Copy of Report with Complete TOC @ https://www.marketresearchfuture.com/sample_request/2547

The market for orphan diseases is growing swiftly. Rising level of awareness and increased funding is reflecting favourably on the market. According to a study conducted by market research future, the global orphan diseases market is projected to demonstrate a compound annual growth rate (CAGR) of 24.9% during the forecast period (2015-2022). The market size is expected to surpass USD 500 Bn by the year 2022 up from USD 121.6 Bn.

Demand for orphan drugs has grown substantially in recent years. Many governments all around the world are financially incentivising drugs through regulations. A data released by National Organization for Rare Disorders (NORD), reveals that in 2018, nearly 30 Mn Americans suffer from 7,000 rare diseases. More and more initiatives are taken towards improving orphan disease care. This is notable for advanced countries such as the U.S., Japan and EU countries. Over the past couple years, orphan drug sales have doubled.

Factors such as increased prevalence and rising healthcare expenditure are making the market more attractive. Commercial interest in orphan diseases drugs have improved in recent years. Advanced are likely to display a higher enthusiasm. When it comes of research and development smaller firms and start-ups are more active, however some of the bigger players are also positioning themselves to enter the segment. In the comings, collaborations, partnerships and M&A activities are expected to increase in the global orphan diseases market. Big pharmaceutical companies are expected to focus on improving their market position during the forecast period.

Orphan Diseases Market Competitive Landscape

Some of the top-notch companies operating in the global orphan diseases market include

  • F. Hoffmann-La Roche Ltd (Switzerland)
  • Vertex Pharmaceuticals Incorporated (US)
  • CELGENE CORPORATION (US)
  • Merck & Co. Inc (US)
  • Novartis AG (Switzerland)
  • Bristol-Myers Squibb Company (US)
  • AbbVie Inc. (US)
  • Sanofi (French)
  • Alexion (US)
  • GlaxoSmithKline plc. (UK)
  • Pfizer Inc. (US)

Orphan Diseases Market: Segmental Overview

MRFR’s report includes a detailed segmental analysis of the market based on disease, treatment and end user.

On the basis of disease, the market has been segmented into genetic disorders, cancer, cardiovascular diseases, respiratory disorders, autoimmune disorders, neurological disorders, blood disorders, eye disorders, digestive disorders, growth disorder and others. On the basis of treatment, the market has been segmented into drug therapy, cell therapy, gene therapy and others. Based on end user, the market has been segmented into research laboratory, hospital and clinics and others. 

Global Orphan Diseases Market: Regional Segmentation

The regions covered in the market include Asia Pacific (APAC), North America, Europe, Latin America, and the Middle East & Africa (MEA). Globally, North America represents the largest market for orphan diseases. Widespread awareness, strong government support and presence of robust healthcare system supports the market growth in the region. North America orphan diseases market is expected to post a sound growth during the forecast period. Europe also holds significant market potentials and second largest contributor to the global market for orphan diseases in terms of revenue. North America and Europe are followed by Asia Pacific (APAC). In fact, the APAC orphan diseases market is likely to witness an impressive growth over the next couple of years.

Get More Information on Global Orphan Diseases Market Research Report- Forecast To 2022 @ https://www.marketresearchfuture.com/reports/orphan-diseases-market-2547

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:

Akash Anand

Market Research Future

+1 646 845 9312

Email: sales@marketresearchfuture.com

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