The Global Orphan Drugs Market was worth $113.99 billion in 2016 and estimated to be growing at a CAGR of 7.86%, to reach $166.40 billion by 2021.
Hyderabad, India -- (SBWIRE) -- 03/08/2018 -- The global Orphan Drugs Market is expected to reach USD 166 Billion by 2021 from an estimated value of USD 113.99 Billion in 2016 at a CAGR of 7.86%, according to a new report by Market Data Forecast, Inc.
An orphan drug is a pharmaceutical agent that has been created particularly to treat an uncommon medicinal condition, the condition itself being alluded as "Orphan Disease"; which is an illness that influences a little level of the population. Most Orphan Diseases are hereditary, and therefore, are existent all through the individual's life, regardless of the symptoms.
Browse full research report with TOC on " Orphan Drugs Market by Type (Biological and Non-Biological), by Therapeutic Application (Haematology, Neurology, Oncology, and Others) and by Region - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)" at:
The Global Orphan Drugs Market is categorised based on Type and Therapeutic Application.
By Type, the market is segmented into Biological and Non-Biological. With respect to Therapeutic Application, the market can be divided into Haematology, Neurology, Oncology, and Others.
Some of the major manufacturers of the Orphan drugs market are global Orphan Drugs market are Novartis, GlaxoSmithKline, Roche, Alexion, Sanofi, Bristol Myers Squibb, Pfizer, Vertex, Celgene, and Merck.
Further Key Findings From the Report Suggest:
Non-Biological Orphan Drugs Market is the leading market segment by type accounting for almost 60% of the market share.
Neurology segment accounts for almost 40% of the market and hence becoming the leading segment of Therapeutic Application.
North America leads the global market currently owing to its major investment in Healthcare and R&D activities.
Orphan Drugs Market currently occupies just 6% of the total pharmaceutical market and there is huge scope for entry of new companies.
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