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Orphan Drugs Market Report Predicts Healthy Growth by 2022 - Scalar Market Research

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Chicago, IL -- (SBWIRE) -- 09/21/2016 -- According to the report, "Global Orphan Drugs Market (2014 - 2022), By Indication Types (Oncology, Ophthalmology, Hematology, Cardiovascular, Neurology, and Others) and Geography (North America, Europe, Asia-Pacific, and Rest of the World)", the market for orphan drugs is poised to witness impressive growth during the forecast period.

The global orphan drugs market report provides the growth trends and revenue forecasts for this market. It provides in-depth analysis of the major drivers, restraints, market share, segmentation and key market player analysis.

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According to the orphan drugs market report, the market is expected to witness healthy growth during the forecasts period. The strong support offered by the governments from around the world and the rising demand are some of the major driving factors for this market. Increasing government support from the developed and developing countries is expected to be a strong driving factor for the growth of this market.

The advancement in technologies is also considered as one of the major driving factors for this market. Apart from that, the report also suggests the rising demand of cancer and other chronic diseases as one of the strong driver for the rising demand in this market. According to the report, the primary restraining factors for the market include the high costs of the orphan drugs and the low interest of the companies to develop these drugs.

The global orphan drugs market report segments this market by the types of indications and the major geographic regions. Based on indication types, the report segments the global market into ophthalmology, oncology, neurology, cardiovascular, hematology, and such others. The major geographic regions of the market, covered in the report include Asia-Pacific, North America, Europe, and the rest of the world.

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The major market players highlighted in this report include Abbott Laboratories, AbbVie, Inc., Amgen, Inc., Bayer Healthcare, Genentech, Janssen Biotech, Inc., Pfizer, Inc., Sanofi-Aventis, and such others. According to the orphan drugs market share analysis, the key players are expected to witness attractive business opportunities across the emerging markets. According to the report, Asia-Pacific is expected to emerge as the fastest-growing geographic region. North America, on the other hand, is expected to become the largest segment.

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