The Rare Diseases Treatment Global Market Report 2023 by The Business Research Company, provides rare diseases treatment market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032
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According to The Business Research Company’s Rare Diseases Treatment Global Market Report 2023, the global rare disease treatment market size is expected to grow from $149.42 billion in 2022 to $170.14 billion in 2023 at a compound annual growth rate (CAGR) of 13.87%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The rare disease treatment market size is expected to reach $268.54 billion in 2027 at a CAGR of 12.09%.
The increasing burden of rare diseases is driving the rare disease treatment market. Rare diseases are diseases that affect a very small population as compared to general diseases. The increasing incidences and fatalities due to rare diseases are creating a demand for effective rare diseases treatment.
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The rare diseases treatment market is segmented:
1) By Drug Type: Originator Drugs (Patented Molecules), Generic Drugs
2) By Drug Class: Biologics, Organic Compounds
3) By Mode Of Administration: Injectable, Oral, Other Modes Of Administration
4) By Therapeutic Area: Cancer, Neurological Conditions, Cardiovascular Conditions, Musculoskeletal Conditions, Hematologic Disorders, Infectious Diseases, Metabolic Disorders, Endocrine Disorders, Other Therapeutic Areas
5) By Distribution Channel: Hospital Pharmacies, Specialty Pharmacies, Retail Pharmacies
Technological advancements are the key trends in the rare disease treatment market. Major companies in the rare disease treatment market are integrating artificial intelligence in rare disease treatment to provide a better alternative and sustain their position in the market. For instance, in August 2021, Healx, a UK-based AI-driven innovation company, launched HealNet, an AI-powered drug discovery platform for rare disease treatment. The platform is based on machine learning and artificial intelligence technology to conduct effective and fast drug discovery processes. It integrates data from multiple to form a detailed rare disease biomedical knowledge graph that is analyzed by cutting-edge AI methods.
The rare diseases treatment market report table of contents includes:
1. Executive Summary
2. Rare Diseases Treatment Market Characteristics
3. Rare Diseases Treatment Market Trends And Strategies
4. Rare Diseases Treatment Market – Macro Economic Scenario
5. Rare Diseases Treatment Market Size And Growth
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26. Africa Rare Diseases Treatment Market
27. Rare Diseases Treatment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Rare Diseases Treatment Market
29. Rare Diseases Treatment Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
- AbbVie Inc
- Actelion Pharmaceuticals Ltd
- Alexion Pharmaceuticals Inc
- Celgene Corporation
- Bayer AG
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