Uploaded on Nov 2, 2021
Orphan drugs are the type of medical products intended for prevention, diagnosis or treatment of serious, life-threatening disorders that are rare. These are known as orphan drugs because, under normal market conditions, the pharmaceutical industry has little interest in developing and marketing these products projected for only a small number of patients.
Orphan Drugs Market Share, Demand, Growth, Top Companies and Opportunities by 2028
Orphan Drugs Market Share, Demand, Growth, Top
Companies and Opportunities by 2028
Orphan Drugs Market, By Drug Type (Biological, Non-Biological), Disease Type
(Oncologic Diseases, Metabolic Disease, Hematologic And Immunologic Diseases,
Infectious Diseases, Neurological Diseases, Others), Indication Type (Non-Hodgkin
Lymphoma, Acute Myeloid Leukemia, Cystic Fibrosis, Glioma, Pancreatic Cancer,
Ovarian Cancer, Multiple Myeloma, Duchenne Muscular Dystrophy, Renal Cell
Carcinoma, Graft Vs Host Disease, Others), Drug Type (Revlimid, Rituxan, Opdivo,
Keytruda, Imbruvica, Soliris, Jakaf, Pomalyst, Darzalex, Spinraza, Adcetris), Sale
(Generics, Prescribed), Therapy Class (Oncology, Blood, Central Nervous Systems,
Endocrine, Cardiovascular, Respiratory), Distribution Channel (Hospital Pharmacy, Retail
Pharmacy, Online Sales, Others), Industry Trends and Forecast to 2028
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Market Analysis and Insights
Orphan drugs are the type of medical products intended for prevention, diagnosis or
treatment of serious, life-threatening disorders that are rare. These are known as orphan
drugs because, under normal market conditions, the pharmaceutical industry has little
interest in developing and marketing these products projected for only a small number
of patients.
The rapid increase in prevalence rate of hypertension, diabetes and cardiovascular
diseases is expected to accelerate the market growth in the forecast period of 2021 to
2028. Likewise, the rise in prevalence of rare diseases and increase in the healthcare
expenditure are also predictable to enhance the orphan drugs market growth.
Furthermore, the favorable reimbursement policies and favorable government policies
are also projected to drive the market growth rate. Also, the expansion of product
pipeline by launching new drugs and increase in the rate of R&D initiatives are also
expected to influence the orphan drugs market growth globally.
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Major Key Players
Some of the major players operating in this market are :
• F. Hoffmann-La Roche Ltd.
• Novartis AG
• Pfizer Inc., AbbVie Inc.
• AstraZeneca
• Baxter
• Eli Lilly and Company
• Johnson & Johnson Services Inc.
• Merck KGaA
• Novo Nordisk A/S
• Bristol-Myers Squibb Company,
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Market Segmentation
• By Drug Type (Biological, Non-Biological)
• By Disease Type (Oncologic Diseases, Metabolic Disease, Hematologic And
Immunologic Diseases, Infectious Diseases, Neurological Diseases, Others)
• By Distribution Channel (Hospital Pharmacy, Retail Pharmacy, Online Sales,
Others)
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Regional Analysis
Based on geography, the market is segmented into five geographical
regions
North America
Europe
Asia-Pacific
South America
Middle East
Africa
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