The Infinium Global Research analyzes the report of Orphan Drugs Market over the period of 2018 to 2024. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size and future trends in Global Orphan Drugs Market. It will help a lot of decision makers to develop strategies and find new opportunities in the Global markets of Orphan Drugs.

The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the Orphan Drugs Market during the said period. The report also provides market attractiveness analysis, by geography, and market share analysis, by key players respectively. Some of the prominent participants in the Global Orphan Drugs Market are Alexion Pharmaceuticals, Eisai Co. Ltd., Bayer AG, Biogen Inc, Eli Lilly and Company, AstraZeneca plc., GlaxoSmithKline and Johnson & Johnson. According to report the global orphan drugs market is projected to grow at a CAGR of 6.5% over the forecast period of 2018-2024.

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Orphan drugs are medicinal products intended for diagnosis, prevention or treatment of life-threatening or very serious diseases or disorders that are rare. A disease or disorder is defined as rare in Europe when it affects less than 1 in 2,000 citizens. These drugs are called as orphan as pharmaceutical companies have small interest in developing and marketing these drugs as these are intended for only a small number of patients. For drug companies, the extremely high cost of bringing a medicinal product to market would not be recovered by the anticipated sales of such medicines. As a result the potential market for new drug treatment is also small and the drug companies industry would actually incur a financial loss.

These drugs are used to treat the population suffering from the very serious, but rare diseases for which no treatment available. There are around 25 to 30 million people are affected by this diseases in Europe. The awareness about the orphan drug is growing rapidly across the world that further leads to the growing adoption of orphan drug act in the japan, Australia, Europe and others countries to stimulate research and development in the orphan drug.

The orphan drug market segmented as diseases indication, product type, and distribution channels. The segment dieses type is further divided into sub segment including Oncology, Gastrointestinal, Pulmonary, Neurology, Hematology, Cardiovascular, Metabolic disorders, Endocrinology, Infectious diseases and other. The product type segment included Biological and Non-bio logical products and distributed over the channels like hospital pharmacy, retail pharmacy and others.

Economic incentives to encourage drug companies to develop and market medicines for rare disease treatment is the key driving factor in the orphan drug market. The rising occurrence of rare cancer cases, availability of orphan drugs at hospital pharmacy and increasing hospitalization treatment for rare diseases are expected to enhance the growth of orphan drug market over the forecast period. On the other hand, the cost associate with production and R&D is more as compare with other drugs that may hampering the market growth. Moreover, the rising awareness of rare disease among population and increasing investments in R&D is projected to create several opportunities in upcoming years.

North America dominates the market of orphan drugs owing to its highly developed healthcare infrastructure and favorable government regulations. In North America U.S. holds largest market share in this market due to economic incentives and rising awareness about orphan drug. Moreover, the increasing investments to treat and diagnose the rare disease also to facilitate the growth in the orphan drug market.

Segment Covered

The report on global orphan drugs market covers segments such as, disease type, product types and distribution channel. On the basis of disease type the global orphan drugs market is categorized into oncology, gastrointestinal, pulmonary, hematology, neurology, infectious diseases and others. On the basis of product types the global orphan drugs market is categorized into biologic and non-biologic. On the basis of distribution channel the global orphan drugs market is categorized into hospital pharmacies, specialty pharmacies and retail pharmacies.

Geographic Coverage

The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia, and among others. Moreover, Germany, U.K., France, Spain, and Rest of Europe are included in the European region. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers a substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience a growth at a CAGR of x.x% over the period of 2018-2024.

Major Key Players Mentioned in this Premium Report

The report provides profiles of the companies in the global orphan drugs market such as, Novartis AG, Pfizer Inc., Alexion Pharmaceuticals, Eisai Co. Ltd., Bayer AG, Biogen Inc, Eli Lilly and Company, AstraZeneca plc., GlaxoSmithKline and Johnson & Johnson.

Report Highlights:

The report provides deep insights on demand forecasts, market trends and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global orphan drugs market. Moreover, IGR-Growth Matrix analysis given in the report brings an insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of orphan drugs market. Moreover, the study highlights current market trends and provides forecast from 2018-2024. We also have highlighted future trends in the orphan drugs market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight on the market share of the leading players. This report will help manufacturers, suppliers and distributors of the orphan drugs market to understand the present and future trends in this market and formulate their strategies accordingly.

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