The U.S. Orphan Drugs Market Size is Anticipated to Exceed USD 269.60 Billion by 2033, Growing at a CAGR of 12.28% from 2023 to 2033.
The U.S. orphan drug market has expanded significantly due to rising rare disease diagnoses and increased FDA approvals. Over 7,000 rare diseases affect more than 30 million people in the U.S., creating an urgent demand for effective treatments. This high unmet need drives pharmaceutical companies to invest heavily in research and development. The COVID-19 pandemic further accelerated market growth by prompting faster regulatory approvals, highlighting the commitment to addressing underserved patient populations with conditions like spinal muscular atrophy, myelofibrosis, and multiple myeloma.
This study gives a detailed analysis of drivers, restrains, opportunities and challenges limiting the market expansion of US Orphan Drugs Market market. The survey included a diverse set of players, including a balance of leading and growing manufacturers for business profiling, such as;
Amgen Inc. Bayer AG F. Hoffmann-La Roche Ltd Alexion Pharmaceuticals Inc. Novo Nordisk A/S Novartis AG Bristol-Myers Squibb Company AstraZeneca DAIICHI SANKYO COMPANY, LIMITED GlaxoSmithKline plc Others
Our expert team is consistently working on updated data and information on the key player's related business processes that value the market for future strategies and predictions
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Market Segmentation:
By Therapy Area
- Oncology
- Hematology
- Neurology
- Endocrinology
- Cardiovascular
- Respiratory
- Immunotherapy
- Others
By Drug Type
- Biologics
- Non-Biologics
Covered in this Report:
1. Go-to-market Strategy.
2. Neutral perspective on the market performance.
3. Development trends, competitive landscape analysis, supply side analysis, demand side analysis, year-on-year growth, competitive benchmarking, vendor identification, QMI quadrant, and other significant analysis, as well as development status.
4. Customized regional/country reports as per request and country level analysis.
5. Potential & niche segments and regions exhibiting promising growth covered.
6.Analysis of Market Size (historical and forecast), Total Addressable Market (TAM), Serviceable Available Market (SAM), Serviceable Obtainable Market (SOM), Market Growth, Technological Trends, Market Share, Market Dynamics, Competitive Landscape and Major Players (Innovators, Start-ups, Laggard, and Pioneer).
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Industry Developments:
In April 2023, Biogen received approval from the FDA for QALSODY, otherwise referred to as tofersen, to treat ALS-associated mutation of the superoxide dismutase 1 gene.
Regional Analysis for US Orphan Drugs Market Market:
✫ North America: (U.S., Canada, Mexico)
✫ Europe: (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
✫ Asia-Pacific: (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
✫ South America: (Colombia, Brazil, Argentina, Rest of South America)
✫ Middle East & Africa: (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Benefits of the Report:
⏩ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
⏩ Top-down and bottom-up approach for regional analysis
⏩ Porter’s five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
⏩ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market
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Frequently asked questions:
➥ What is the market size of the US Orphan Drugs Market market?
➥ What is the market growth rate of the US Orphan Drugs Market market?
➥ What are the US Orphan Drugs Market market opportunities and threats faced by the vendors in the global US Orphan Drugs Market Industry?
➥ Which application/end-user or product type may seek incremental growth prospects? What is the market share of each type and application?
➥ What focused approach and constraints are holding the US Orphan Drugs Market market?
➥ What are the different sales, marketing, and distribution channels in the global industry?
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