Stairlifts Market: Foresees Skyrocketing Growth in the Coming Years Orphan Drugs Market

Orphan Drugs Market — Global Industry
Insights, Trends, Size, Share, Outlook, and
Opportunity Analysis, 2018–2026
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.
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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 Pacifc, 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 Pacifc region.
Report includes chapters which deeply display the following deliverable about industry :