Orphan Diseases Market is Resumed to Witness Promising Double-Digit CAGR of 24.9% During Forecast to 2022

Market-Overview:
An orphan disease is defined as a disorder that affects fewer than 200,000 people in America annually. This includes diseases as familiar as cystic fibrosis, Lou Gehrig's disease, and Tourette's syndrome, and as unaware as Hamburger disease, Job syndrome, and acromegaly, or "gigantism." Some diseases have patient populations of less than a hundred. Mutually, however, they affect as many as 25 million Americans every year, according to the National Institutes of Health (NIH), and that makes the diseases--and finding treatments for them-a serious public health concern.
New rare diseases are revealed every year. Most are hereditary and caused by adjustments or defects in genes (mutations). Others can be developed as a result of environmental and toxic conditions. Genes are pieces of DNA, part of the code that regulates the traits and discrete characteristics of all living things. Each human cell contains around 30,000 genes. Besides impelling features such as eye and hair colour, genes also can play a role in the development of diseases and in their transmission from parent to child.
As distinct as rare diseases are, patients share many common frustrations. For example, for one-third of people with a rare disease, getting a precise diagnosis can take one to five years. And people often are so isolated that they may never know anyone else with the same disease. Patients often must travel long distances to visit the few doctors knowledgeable about their diseases, and the costs involved with diagnosis, treatment, and other related expenses can be inflated
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Competitive Landscape:
There are various players operating in the global Orphan Diseases market, some of the major players are
·         Bristol-Myers Squibb Company
·         Novartis AG
·         CELGENE CORPORATION
·         F. Hoffmann-La Roche Ltd
·         Pfizer Inc
·         Alexion
·         Sanofi
·         Vertex Pharmaceuticals Incorporated
·         GlaxoSmithKline plc
·         Merck & Co
·         AbbVie Inc
Segments:                                    
·         Global orphan diseases market has been segmented on the basis of types of diseases which includes autoimmune disorders, genetic disorders, blood disorders, cancer, growth disorder, cardiovascular diseases, neurological disorders, respiratory disorders, digestive disorders, eye disorders and others.
·         On the basis of treatment type it segmented into gene therapy, cell therapy, drug therapy and others.
·         On the basis of end-user the market is segmented into hospital and clinics, research laboratory and others.
Regional Analysis:
Depending on geographic region, Orphan diseases Market is segmented into four key regions: Americas, Europe, Asia-Pacific, and Middle East & Africa. Considering the global scenario of the market, North America comprise largest market share in Orphan diseases. Moreover, the European market is also growing continuously and slowly catching up with the American market in the near future. On the other hand, Asia-Pacific market is expected to grow at the fastest pace in the Orphan diseases segment during the forecasted period. Rest of the World is likely to have a limited but steady growth in the market.
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