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Follow on Google News | Orphan Disease Therapeutics Market to 2018 – Improved Understanding of Rare Diseases HeterogeneityThis report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GBI Research’s team of industry experts.
By: Rajesh Gunnam The new report* shows that the relatively unsatisfied market for orphan disease drugs could prove to be a big hit for pharmaceutical companies able to improve upon the limited options currently available to patients. GBI Research’s analysis of industry trends suggests that the orphan disease therapeutics market is likely to see a steady increase in value over the forecast period. There are more than 6,000 different orphan diseases recognized in the US, while in Europe there are approximately 5,000–8,000 orphan diseases affecting almost 29–36 million people. However, only a very small number of drugs are currently available to treat these diseases, indicating a high level of unmet need in terms of safety, efficacy and availability. This need for an improved and expanded choice of drugs will boost research and development (R&D) for orphan diseases, and the market has seen a rapid increase in R&D investment from top pharmaceuticals companies in order to claim a slice of the potential profits. The therapeutic capabilities of biologic drugs, in regards to the control and treatment of orphan diseases, have also allowed pharmaceutical manufacturers to commence label extensions for multiple orphan diseases. These lucrative benefits, combined with the increasing number of approvals of new orphan drugs, will see the future market grow at an increasing rate. Improving patient and physician awareness of orphan diseases will also boost the market. For Sample Pages, please click or add the below link to your browser: http://www.gbiresearch.com/ However, pharmaceutical development is not without its risks, and the production of challenging orphan disease treatments may risk complications and industry errors. Genzyme recently suffered a blow to its inventory when a virus at manufacturing- The global orphan disease therapeutics market was worth $2.3 billion in 2010 and is estimated to reach $6 billion by 2018, demonstrating a compound annual growth rate (CAGR) of 13.1%. This report provides in-depth analysis of unmet needs, drivers and barriers that impact the global orphan diseases therapeutics market. The report analyzes the markets for orphan diseases therapeutics in the US, the top five countries in Europe (the UK, Germany, France, Italy and Spain) and Japan. Treatment usage patterns, sales, and price are forecast until 2018 for the key geographies as well as selected therapeutic segments. Furthermore, the report provides competitive benchmarking for the leading companies, while analyzing the mergers, acquisitions and licensing agreements that shape the global markets. This report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GBI Research’s team of industry experts. GBI Research is a market-leading provider of business intelligence reports, offering actionable data and forecasts based on the insights of key industry leaders to ensure you stay up-to-date with the latest emerging trends in your markets. For further details, please click or add the below link to your browser: http://www.gbiresearch.com/ Visit our report store: http://www.gbiresearch.com For more details contact: pressreleases@ North America: +1 646 395 5477 Europe: Asia Pacific: End
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