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Orphan Drugs MarketForecast 2014 to 2022
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Forecast – 2013 To 2022
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Orphan Drugs Market
Forecast to 2022
According to the report, “Orphan Drugs Market, by Indication Types (Oncology, Ophthalmology, Hematology, Cardiovascular, Neurology, and Others) - Global Revenue, Trends, Growth, Share, Size and Forecast to 2022
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The research methodology for Scalar Market Research’s orphan drugs market report utilizes a combination of top-down and bottom-up research formats.
Our primary focus on continuous market tracking, rigorous fact-checking, data-triangulation, and multiple layers of quality control ensures high-quality data that can be leveraged for actionable research insights.
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Research Methodolog
y
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Orphan Drugs Market, by Indication Types Cardiovascular Hematology Neurology Oncology Ophthalmology Other Indication Types
Market Segmenta
tion
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Abbott Laboratories AbbVie, Inc. Amgen Bayer HealthCare AG Genentech Inc. Janssen Biotech, Inc. Pfizer, Inc. Sanofi S.A.
Molecular Diagnostics Market Key
Players
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In-depth analysis of the market segments that will showcase the greatest growth potential Information about the technological advancements influencing the growth of the global market Extensive analysis of the key players dominating the competitive landscape of this market
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KEY BENEFITS OF THE REPORT
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The primary reason for the growth of the orphan drugs market includes the government support from the developed as well as developing regions to develop the advanced orphan drugs. For instance, the U.S. Food and Drug Administration’s Office of Orphan Products Development (OOPD) department is specifically dedicated to driving the developments and evaluation of the orphan drugs, biologics, devices, or medical foods that can be useful for the treatment and diagnosis of the rare diseases.
The U.S. government also provides 50% of tax credit on the research and development expenses spent on orphan drugs development by companies. These types of initiatives would, in turn, increase the investment in the orphan drug development, driving the growth of the orphan drugs market.
The increasing number of cases of the rare forms of cancers coupled with the innovations in biotechnology are also driving the growth of the orphan drugs market.
However, the low interest of the companies to develop the orphan drugs and the high costs of these drugs may hamper the market growth to some extent.
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