The global orphan drug market size was USD 154.20 Billion in 2022 and is expected to register a rapid revenue CAGR of 12.3 % during the forecast period. Rising frequency of uncommon illnesses and increasing number of governments providing regulatory incentives for development of orphan drugs are major factors driving market revenue growth.
The Orphan Drug Market report is an investigative study that determines market growth and market scope on the basis of market trends, consumer behaviour shifts, consumption and production patterns, product portfolio offered by the market, growth rate, drivers and constraints, financial positions, and existing challenges and limitations of the Orphan Drug market.
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Competitive Terrain:
The global Orphan Drug industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.
The leading market contenders listed in the report are:
Pfizer Inc. AbbVie Inc., Novartis AG, Amryt Pharma plc, Amgen Inc., GSK plc., JOHNSON & JOHNSON (JANSSEN GLOBAL SERVICES, LLC.), Sanofi, F. Hoffmann-La Roche Ltd , Takeda Pharmaceutical Company Limited. Teva Pharmaceutical Industries Ltd. Bristol-Myers Squibb Company, Biogen, Merck & Co., Inc., and Jazz Pharmaceuticals, Inc
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Additional information offered by the report:
Along with a complete overview of the global Orphan Drug market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
The report elaborates on the global Orphan Drug market size and share governed by the major geographies.
It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
It further presents a detailed description of the company profiles of the key market contenders.
Segments Covered in this report are:
Drug Type Outlook (Revenue, USD Billion; 2019-2032)
Biologics
Non-Biologics
Therapy Outlook (Revenue, USD Billion; 2019-2032)
Oncology
Hematology
Neurology
Infectious Diseases
Metabolic Disorders
Endocrinology
Immunology
Others
End-use Outlook (Revenue, USD Billion; 2019-2032)
Hospital Pharmacies
Retail Pharmacies
Online Pharmacies
Others
Radical Highlights of the Orphan Drug Market Report:
Comprehensive overview of the Orphan Drug market along with analysis of the changing dynamics of the market
Growth Assessment of various market segments throughout the forecast period
Regional and global analysis of the market players, including their market share and global position
Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
Impact of the technological developments and R&D advancements on the Orphan Drug market
Information about profit-making strategies and developmental strategies of major companies and manufacturers
Insightful information for the new entrants willing to enter the market
Details and insights about business expansion strategies, product launches, and other collaborations
The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis
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