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Global Orphan Drugs Market Size, Growth To 2022 — Brisk Insights

Brisk Insights has announced the addition of "Global Orphan Drugs Market To 2022" Market Research Report to their Database.

According to a recently published report, the global Orphan Drugs Market is expected to grow $205700 million till 2022 with the CAGR of 12.6% during 2015-2022. The segmentation of global orphan drugs market is based on therapeutic, type, and regional outlook. The report on global orphan drugs market forecast 2015-2022 (type, therapeutic, and regional outlook) provides a detailed overview and predictive analysis of the market.

Detailed study on this Report:

The global orphan drugs market is growing with the growth of rising rare diseases.Orphan diseases are rare in nature which means its occurrence rate is very low,but its prevalence rate is expected to increase in the forecasted period thereby increasing the demand of global orphan diseases market. There are around 7000 rare types of rare diseases and disorders, these numbers are increasing day by day. 80% of rare diseases are genetically originated and rest are result of infections, environmental causes and allergies. Around 50% of genetic diseases are in children’s, 30 % of children’s with rare diseases cannot live for more than 5 years. There are many types of rare diseases like Rare Cancer, Cystic Fibrosis, Apert syndrome, Batten disease, Crouzon Syndrome, Williams Syndrome and many more. Rare diseases are one of the life threatening diseases that kills millions of lives worldwide. Orphan drugs are the pharmaceutical agent that is specially developed for rare diseases. The prevalence rate of rare diseases are growing at a faster rate, the result in growing need of drugs to cure that diseases. The orphan drugs like Albenza, Proleukin, Ceredase,Zyloprim, Agrylin etc., and these drugs are developed by the pharmaceutical industries to cure the rare diseases.

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