Orphan Drugs Market Entry Strategies, Regulatory Framework, Global Trends, Next-Generation Products Analysis Till 2026
The drugs
which are developed for treatment of rare diseases and conditions are
referred to as orphan drugs. The rare diseases such as Tourette
syndrome, Huntington’s disease, muscular dystrophy, myoclonus, and
ALS (Lou Gehrig’s disease) are some of those diseases for treatment
of which adequate drugs have not been developed, and hence these
diseases are treated by orphan drugs. Orphan
drugs are developed by the pharmaceutical companies for
public health need, and the sales generated by this drugs are very
minimal when compared to normal drugs. The orphan diseases manifest
in patient populations representing 6-8% of the global population.
Symptoms of some orphan diseases may appear at birth or in childhood
including cystic fibrosis, infantile spinal muscular atrophy,
familial adenomatous polyposis (FAP), and some others.
The increasing
prevalence of rare cancer in patients owing to oncological diseases
segment to dominate in the orphan drugs market
The global
orphan drugs market is segmented on the basis of disease, by product
type and by region
On the
basis of disease type,
-
Hematologic and Immunologic diseases
-
Infectious diseases
-
Metabolic diseases
-
Neurologic diseases
-
Oncologic diseases
-
Other orphan diseases
On the
basis of product type,
-
Biological orphan drugs
-
Non-biological orphan drugs
Numerous
collaborative research programs across North America and Europe is
owing to growth of orphan drugs market
Regional
segmentation of orphan drugs market by Coherent Market Insights
comprises of North America, Latin America, Europe, Asia Pacific,
Middle East, and Africa. North America dominates the market globally
due to factors such as established regulatory and reimbursement
framework and incentives given by U.S. Food and Drug Administration
(FDA) for research and development in orphan drugs sector. The
various collaborative research programs across United States and
Europe provides research data on rare diseases to manufacturers,
patients and health experts which gives timely medical care, thus
boost the orphan drug market. Whereas the prevalence of genetic
diseases and growth of population are some factors which might allow
the orphan drugs manufacturers to invest in the Asia Pacific region.
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Key
players :
Key
players operating the orphan drugs market are Acorda
Therapeutics, Actelion Pharmaceuticals Ltd., Amgen, Alexion
Pharmaceuticals, Baxter international, Bayer healthcare
pharmaceuticals, Biomarin Pharmaceuticals, Novartis, F.Hoffmann-La
Roche AG, Johnson and Johnson and many others.
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