The rare disease treatment market is poised to accumulate noteworthy gains in coming years owing to the growing prevalence of rare diseases across the world. As per National Institutes of Health, nearly 30 million people in America suffer from one of the 7,000 rare diseases with only 5% of the rare disorders having substantial treatment options. The surging focus on research activities and development of novel therapeutic drugs has further elevated the rare disease treatment market value.
As per a report published in the Orphanet Journal of Rare Diseases, nearly 25% of the Brazilian population has medical insurance coverage. In addition, the government is taking active measures to support drug development activities. The Brazilian Health Authorities (ANVISA) had granted approval for clinical trials for the diagnosis, treatment, and prevention of rare diseases.
Get sample copy of this research report @ https://www.decresearch.com/request-sample/detail/3873
The National Institutes of Health (NIH) reports that nearly 30 million Americans suffer from one of the 7,000 rare health problems, of which only 5% disorders have treatments. As a result, the need for novel therapeutic drugs and treatments is greater than ever. Research and development on rare disease characteristics is gathering pace with the emergence of new rare genetic disorders caused by radiation exposure.
Rare disorders can be broadly classified into cancer, central nervous system (CNS), blood-related disorders, respiratory disorders, cardiovascular disorders, and musculoskeletal disorders, among others. Rare disease treatment industry share from musculoskeletal disorders surpassed US$5.4 billion in revenue in 2019.
Based on the type of drug, the market is bifurcated into biologics and non-biologics. The demand for biologics is expected to grow at a 10% CAGR through 2026. They have the potential to provide to provide accurate and effective patient outcomes via gene therapy.
The demand for rare disease treatment solutions across the pediatric patient population is poised to grow at a CAGR of over 12.5% through 2026. Reports show that approximately 70% of these diseases have a pediatric onset, which is why their occurrence is higher among children.
On the geographical front, Brazil dominated the overall rare disease treatment market in Latin America and is estimated to expand at a CAGR of more than 12.8% over the projected time frame. This anticipated growth is ascribed to the improving public healthcare infrastructure across the country. Regional government authorities are introducing various measures to focus on treatment of rare diseases. The Brazilian Health Authorities (ANVISA) has set up a standard procedure for the approval of clinical trials for the treatment, diagnosis, as well as prevention of rare diseases.
Eli Lilly and Company, Bayer AG, Sanofi, Actelion Pharmaceuticals Ltd, Novartis AG, Celgene Corporation, AbbVie Inc., Johnson & Johnson Services, Inc., Alexion Pharmaceuticals, Inc., and Pfizer Inc among many others are some of the key players operating in the rare disease treatment market.
Request for a Customization of this research report @ https://www.decresearch.com/roc/3873
Partial Chapter of the Table of Content
- Chapter 4 Rare Disease Treatment Market, By Drug Type
- 4.1 Key segment trends
- 4.2 Biologics
- 4.2.1 Rare Disease Treatment Market size, by region, 2015 - 2026 (USD Million)
- 4.3 Non-biologics
- 4.3.1 Market size, by region, 2015 - 2026 (USD Million)
- Chapter 5 Rare Disease Treatment Market, By Therapeutic Area
- 5.1 Key segment trends
- 5.2 Cancer
- 5.2.1 Market size, by region, 2015 - 2026 (USD Million)
- 5.3 Blood-related Disorders
- 5.3.1 Market size, by region, 2015 - 2026 (USD Million)
- 5.4 Central Nervous System (CNS)
- 5.4.1 Market size, by region, 2015 - 2026 (USD Million)
- 5.5 Respiratory Disorders
- 5.5.1 Rare Disease Treatment Market size, by region, 2015 - 2026 (USD Million)
- 5.6 Musculoskeletal Disorders
- 5.6.1 Market size, by region, 2015 - 2026 (USD Million)
- 5.7 Cardiovascular Disorders
Browse complete Table of Contents (ToC) of this research report @ https://www.decresearch.com/toc/detail/rare-disease-treatment-market
Browse Related Report: -
Printed Circuit Board (PCB) Market Size, By PCB Type (Single Sided, Double Sided, Multi-layered, High Density Interconnect (HDI)), By Substrate (Rigid, Flexible, Rigid-flex), By Application (Consumer Electronics, Automotive, Healthcare, IT & Telecom, Industrial) Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027