Market Synopsis:

The demand for alternative energy sources is growing, government initiatives supporting sustainable energy solutions, and growing environmental concerns are driving the market for "Orphan Drug Market". This summary offers an understanding of the market dynamics, significant trends, growth factors, obstacles, and prospects influencing the Orphan Drug Market environment.

Evaluation and Development of the Market:

The Orphan Drug Market size was valued at USD 232.12 billion in 2023 and the total Orphan Drug revenue is expected to grow at a CAGR of 9.7% from 2024 to 2030, reaching nearly USD 443.77 billion by 2030.

Market Scope and Methodology:

The report presents an extensive analysis of the global Orphan Drug market, outlining major industry players by region, including their revenue, financial standing, portfolio, and technical developments for competitive analysis. Market estimation was conducted using a bottom-up approach, complemented by qualitative and quantitative analysis from primary and secondary data sources. SWOT analysis highlights the strengths and weaknesses of the Orphan Drug Market, while PESTLE analysis provides insights into the potential impact of micro-economic factors affecting the market.

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Organising the Market for Orphan Drug :

by Product

Biological
Non-Biological

By product type, the biologicals segment held the largest Orphan Drug Market share in 2023 and is expected to grow at a 9.6% CAGR during the forecast period of 2030. Biologicals are driving market growth in the treatment of rare diseases. These drugs offer targeted therapies for conditions like genetic disorders and rare cancers. Advancements in biotechnology have led to more effective and complex biological treatments, while regulatory incentives have encouraged their development. With growing awareness and prevalence of rare diseases, biologics are playing a key role in meeting the needs of patients in this market.

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 disease type, the oncology disease segment is a leading area for orphan drug development, driven by several factors. One of the key drivers is the increasing understanding of the genetic and molecular basis of cancer, leading to the identification of rare subtypes of cancer that can be targeted with precision therapies. Another driver is the significant unmet medical need in oncology, where patients with rare cancers often have limited treatment options and poor outcomes. Orphan drugs offer the potential to provide these patients with new, targeted therapies that improve outcomes and quality of life. Additionally, regulatory incentives, such as market exclusivity and accelerated approval pathways, have encouraged pharmaceutical companies to invest in orphan drug development in oncology

by Therapy Type

Oncology
Neuromuscular
Respiratory
Hematology
Others
by Distribution Channel

Hospital pharmacies
Retail pharmacies
Online pharmacies
others

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Market Regional Insights:

The Orphan Drug market spans across North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The report offers a comprehensive examination of factors, market dimensions, growth rates, and regional import-export dynamics. Regional Analysis furnishes the status of the Orphan Drug market within the countries covered by the report.

Leading Entities in the Orphan Drug Market Sector

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.,
15. Alexion Pharmaceutical Inc
16. Bayer AG
17. Bristol Myers Squibb Co
18. Celegne Corporation
19. DAIICHI SANKYO Company Ltd
20. F. Hoffmann La-Roche
21. GlaxoSmithKline PLC
22. Sawai Pharmaceutical (Japan)
23. LG Chem (South Korea)
24. Chia Tai Tianqing Pharmaceutical Group (China)
25. Cipla (India)
26. Dr. Reddy's Laboratories (India)
27. Sun Pharmaceutical Industries (India)

List of Contents : Orphan Drug Market

Part 01: Executive Summary

Part 02: Scope of the Orphan Drug Market Report

Part 03: Orphan Drug Market Landscape

Part 04: Orphan Drug Market Sizing

Part 05: Orphan Drug Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Key questions addressed in the Orphan Drug Market include:

• What defines Orphan Drug ?
• What was the Orphan Drug market size in 2022?
• What are the different segments of the Orphan Drug Market?
• What growth strategies are players considering to increase their presence in Orphan Drug ?
• What are the upcoming industry applications and trends for the Orphan Drug Market?
• Who are the leading companies and what are their portfolios in the Orphan Drug Market?
• Who are the key players in the Orphan Drug market?

Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by different segment | 2023−2029
• Market Dynamics: Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation: A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape: Profiles of selected key players by region from a strategic perspective, including Market Leaders, Market Followers, and Regional players. Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of Business by Region
• Lucrative business opportunities with SWOT analysis
• Recommendations.

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