Global Orphan Drugs Market 2017-2021
No of Pages – 70
Publishing Date - April 5, 2017
Browse detailed TOC, Tables, Figures, Charts in Global Orphan Drugs Market 2017-2021 at -
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ABSTRACT
About Orphan Drugs
According to Orphan Drug Designation program of the US Food and Drug Administration (FDA),
orphan diseases are defined as rare diseases that affects less than 2,00,000 Americans. The global
orphan drugs market is expected to benefit from patent extensions like Orphan Drug Exclusivity
(ODE), increasing focus of vendors on orphan drug products, and financial incentives provided by
government in form of tax credits and waived FDA fees. For instance, the FDA grants a seven-year
patent exclusivity to orphan drugs to treat a rare disease. Therefore, any other drug with the same
indication cannot be approved by the FDA during these seven-years period. In addition, they also
provide tax credits up to 50% of the total R&D cost after the drug receives the orphan drug
designation. This credit can be used by the sponsor during the R&D phase of any drug irrespective of
the drug designation. The orphan designated drugs are also exempted from paying the FDA fees.
Thus, these financial incentives and grants for orphan drug attract many vendors to invest in
developing drugs for rare diseases and make huge profits.
Technavio’s analysts forecast the global orphan drugs market to grow at a CAGR of 10.20% during
the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global orphan drugs market
for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by
way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
• Americas
• APAC
• EMEA
Technavio's report, Global Orphan Drugs Market 2017-2021, has been prepared based on an in-depth
market analysis with inputs from industry experts. The report covers the market landscape and its
growth prospects over the coming years. The report also includes a discussion of the key vendors
operating in this market.
Key vendors
• AbbVie
• Celgene
• F. Hoffmann La Roche