Orphan Drugs Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Orphan Drugs Market is Segmented by Drug Type, Top Selling Drugs, Disease Type, and Geography

Market Snapshot

Orphan Drugs Market-1
Study Period:

2018 - 2026

Base Year:

2020

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR:

11.5 %

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Market Overview

The orphan drugs market is expected to register a CAGR of 11.5% over the forecast period. Factors that are responsible for the growth of this market include market exclusivity for orphan drug developers, the rising prevalence of rare diseases, and favorable government policies.

  • The prevalence of rare diseases among the global population has been increasing in recent years. To tackle this issue, both developing and developed countries have formulated regulations that promote the development of drugs for rare diseases, as well as make sure that these drugs are easily available to the patients. Currently, the average approval time for non-orphan drugs is around 13 months and the same for orphan drugs is much less at around 10 months. 
  • The European Union has implemented similar policies for the development of these drugs, and the European governments have individually implemented these policies in their countries. Some of these are Italy’s AIFA 5% Fund, Belgium’s Special Solidarity Fund, and France’s Temporary Authorizations for use. Even the countries in Asia-Pacific have also followed similar steps with countries, like Japan, South Korea, and Taiwan, with initiatives like the Revised Orphan Drug Regulations and Orphan Drugs Guidelines (2003). These initiatives offered tax credits and subsidies to both the patients as well as the pharmaceutical companies. These policies in various countries around the world have evolved the market studied, that has been growing at a healthy rate in recent years.

Scope of the Report

As per the scope of the report, orphan drugs can be defined as a molecule intended to treat a rare disease. The rare disease, as the name suggests, has a low prevalence rate and has been defined differently across geographical locations.

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Key Market Trends

Biological Orphan Drug is Expected to Account for the Highest Market Share

Under the type of drug segmentation, the biological orphan drug may register the highest market share, and this segment expected to grow at a good pace, during the forecast period. This high market share is due to the higher cost of biological drugs compared to non-biological ones. The recent trend of approval of biological orphan drugs for multiple indications has resulted in growth and has been an encouraging factor for new and established market players to enter this market. Another reason is that biological drugs have been used for treating rare diseases for a long time. The most focused orphan disease, i.e., cancer, which has a higher prevalence rate in the developed world, has been effectively treated by biological drugs with fewer side effects.

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North America Dominates the Market and Expected to do the same in the Forecast Period

North America currently dominates the market for orphan drugs and is expected to continue its stronghold for a few more years. In the North American region, the United States holds the largest market share. One of the reasons for market growth is that in the United States, a drug designated orphan drug status receives seven years of marketing exclusivity upon FDA approval for a specific indication, tax credits, and user fee waiver. Since 2013, the new indication approvals have increased greatly. Hence, the United states orphan drugs market is expected to grow during the forecast period.​

Orphan Drugs Market geo.png

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Competitive Landscape

The orphan drugs market is moderately competitive and consists of quite a few major players. In terms of market share, a few of the major players currently dominate the market. With the rising number of diseases and an increasing number of cases each year, a few smaller players are entering the market and holding a substantial share.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Market Exclusivity for Orphan Drug Developers

      2. 4.2.2 Rising Prevalence of Rare Diseases

      3. 4.2.3 Favorable Government Policies

    3. 4.3 Market Restraints

      1. 4.3.1 High Per Patient Treatment Cost

      2. 4.3.2 Limited Patient Pool for Clinical Trials and Product Marketing

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Drug Type

      1. 5.1.1 Biological

      2. 5.1.2 Non-biological

    2. 5.2 By Top Selling Drugs

      1. 5.2.1 Revlimid

      2. 5.2.2 Darzalex

      3. 5.2.3 Rituxan

      4. 5.2.4 Tafinlar

      5. 5.2.5 Ninlaro

      6. 5.2.6 Imbruvica

      7. 5.2.7 Myozyme

      8. 5.2.8 Soliris

      9. 5.2.9 Jakafi

      10. 5.2.10 Kyprolis

      11. 5.2.11 Other Top Selling Drugs

    3. 5.3 By Disease Type

      1. 5.3.1 Oncology

      2. 5.3.2 Hematology

      3. 5.3.3 Neurology

      4. 5.3.4 Cardiovascular

      5. 5.3.5 Other Disease Types

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Mexico

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Italy

        5. 5.4.2.5 Spain

        6. 5.4.2.6 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 Japan

        3. 5.4.3.3 India

        4. 5.4.3.4 Australia

        5. 5.4.3.5 South Korea

        6. 5.4.3.6 Rest of Asia-Pacific

      4. 5.4.4 Middle-East and Africa

        1. 5.4.4.1 GCC

        2. 5.4.4.2 South Africa

        3. 5.4.4.3 Rest of Middle-East and Africa

      5. 5.4.5 South America

        1. 5.4.5.1 Brazil

        2. 5.4.5.2 Argentina

        3. 5.4.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Alexion Pharmaceuticals

      2. 6.1.2 Celgene Corporation

      3. 6.1.3 Novartis AG

      4. 6.1.4 Pfizer Inc.

      5. 6.1.5 F. Hoffmann-La Roche AG

      6. 6.1.6 The Takeda Pharmaceutical Company Limited

      7. 6.1.7 Amgen Inc.

      8. 6.1.8 Sanofi S.A

      9. 6.1.9 Johnson & Johnson

      10. 6.1.10 AstraZeneca plc

      11. 6.1.11 AbbVie Inc.

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Competitive Landscape covers- Business Overview, Financials, Products and Strategies and Recent Developments

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Frequently Asked Questions

The Orphan Drugs Market market is studied from 2018 - 2026.

The Orphan Drugs Market is growing at a CAGR of 11.5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

  • Celgene Corporation
  • F. Hoffmann-La Roche AG
  • Takeda Pharmaceutical Company Limited
  • Novartis AG
  • Johnson & Johnson

Are the major companies operating in Orphan Drugs Market.

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