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Orphan Drugs Market
Orphan Drugs Market - Global Industry Assessment & Forecast
Segments Covered
By Therapy Type Oncology, Hematology, Neurology, Endocrinology, Cardiovascular, Respiratory, Immunotherapy, Infectious Diseases, Others
By Drug Type Biologics, Non-biologics
By Distribution Channel Hospital Pharmacy, Retail Pharmacy, Online Pharmacy, Others
By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
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2023 |
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2024 - 2032 |
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2018 - 2022 |
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USD 177 Billion |
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USD 505 Billion |
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12.4% |
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Europe |
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North America |
Customization Offered
Cross-segment Market Size and Analysis for Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market Dynamics
Region Level Market Share
Import Export Analysis
Production Analysis
Others Request Customization Speak To Analyst
Research Methodology: Orphan Drugs Market by Therapy Type by Drug Type by Distribution Channel by Region - Global Market Assessment, 2021 - 2028
Secondary Research
Primary Research:
The later stage covers data validation and collection from primary research. The information gained/procured from the secondary data sources is validated through extensive primary interviews with industry experts across the Orphan Drugs supply chain. The primary research is also conducted to identify key players in the market and to gather and validate already procured information pertaining to their market-specific financial information. Moreover, primary research is used to gain/validate information about:
- Orphan Drugs market size at regional and country level
- Key industry players and their market share and Orphan Drugs market-specific sales/revenue
- Understanding of the Orphan Drugs supply chain and overall ecosystem
Data Triangulation and Market Size Estimations
After arriving at the global market numbers, top-down and bottom-up approaches are used to estimate, validate and finalize the market size of the Orphan Drugs market. After the determination of the overall market size, the market is divided into various segments and sub-segments. Moreover, these same approaches mentioned above were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. During the data triangulation process, the data was analyzed by employing various data models and statistical techniques to arrive at exact statistics and market size for each segment/sub-segment of the market. The data is analyzed and triangulated by considering all the key market impacting factors from both supply and demand side of Orphan Drugs market.
FAQ
Frequently Asked Question
What is the global demand for Orphan Drugs in terms of revenue?
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The global Orphan Drugs valued at USD 177 Billion in 2023 and is expected to reach USD 505 Billion in 2032 growing at a CAGR of 12.4%.
Which are the prominent players in the market?
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The prominent players in the market are F. Hoffmann-La Roche Ltd., Bristol-Myers Squibb Company, Johnson & Johnson, AstraZeneca, Novartis AG, Amgen Inc., Bayer AG, Novo Nordisk A/S, Daiichi Sankyo Company, GlaxoSmithKline plc, Alexion Pharmaceuticals Inc., Biogen Inc., Pfizer Inc., Sanofi S.A..
At what CAGR is the market projected to grow within the forecast period?
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The market is project to grow at a CAGR of 12.4% between 2024 and 2032.
What are the driving factors fueling the growth of the market.
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The driving factors of the Orphan Drugs include
Which region accounted for the largest share in the market?
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North America was the leading regional segment of the Orphan Drugs in 2023.