Orphan Drug Market is expected to reach US$ 355.12 Bn. by 2029, at a CAGR of 10.83% during the forecast period.
Orphan Drug Market Overview:
The research “Orphan Drug Market” seeks to provide up-to-date market intelligence and aid decision-makers in making sound investment decisions. It also offers a comprehensive analysis of the Orphan Drug Market by Product Type, Application, Key Manufacturers, and Several Key Regions.
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Market Scope:
The research focuses on the Orphan Drug market’s growth prospects, constraints, and market analyses. The research employs Porter’s five forces analysis of the Orphan Drug industry to assess the impact of several variables on Orphan Drug market trends, including supplier bargaining power etc
Segmentation:
By Disease Type, Oncology is the dominant market, because of the increasing number of cancer patients, globally. Also, more manufacturing companies like Johnson & Johnson, Abbvie, and Bristol-Myers Squibb are operating in the orphan drugs market related to the oncology segment.
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Key Players: The key players are
• Amgen Inc.
• Celgene
• Abbvie
• Johnson & Johnson
• Bayer AG
• F. Hoffmann-La Roche Ltd.
• Alexion Pharmaceuticals Inc.
• Novo Nordisk A/S
• Novartis AG
• Bristol-Myers Squibb Company
• AstraZeneca plc.
• Daiichi Sankyo Company Limited
• GlaxoSmithKline plc.
• Vertex Pharmaceuticals
• Merck & Co., Inc.
• Boehringer Ingelheim GmbH
• Biogen Idec
• Actelion Pharmaceuticals Ltd
• Janssen Biotech, Inc.
• Takeda Pharmaceutical Company Limited
• Eli Lilly and Company
• Shire Pharmaceutical
• Sanofi
• Pfizer Inc.
Regional Analysis:
The report has assessed the Orphan Drug market in the following regions:
- America, North (the United States, Canada)
- European Union (Germany, France, United Kingdom, Russia)
- Asia-Pacific region (China, Japan, Korea, India, Southeast Asia, and Australia)
- Latin America (Brazil, Argentina, Colombia)
- Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa)
COVID-19 Impact Analysis on Orphan Drug Market:
The global repercussions of the coronavirus disease 2019 (COVID-19) are already being seen, and they will have a significant impact on the Orphan Drug market in 2021. The COVID-19 outbreak has had a wide-ranging impact, including flight cancellations, travel bans and quarantines, restaurant closures, and restrictions on all indoor/outdoor events; the declaration of a state of emergency in over thirty countries; a massive slowdown in the supply chain; the stock market; falling businesses, growing panic among the people, and uncertainty about the future.
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Key Questions answered in the Orphan Drug Market Report are:
- Which key trends are likely to emerge in the Orphan Drug market in the forecast period?
- What will be the Orphan Drug market size by 2027?
- Which company had the biggest share in the Orphan Drug market in 2020?
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