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Orphan Drugs Market 2018 | Booming CAGR of 11.6% with Top Venders | Industry 2023 Insight

Orphan Drugs Market

(PresseBox) (Magarpatta, )
Global Orphan Drugs Market - Synopsis

Orphan drugs are generally used for treating rare disorders and diseases that affect a small percentage of the population. There are approximately 30 million in Europe, 30 million people in the US, and 350 million people worldwide who suffer from 7,000 types of rare diseases.

Disorders among which four-fifths of the rare diseases are genetic and 50 % of the crowd affected being children. Only 5 % of the rare diseases had approved drug treatment with 326 new drugs being approved by FDA and brought to the market.

Future Drivers and Constraints Affecting the Market

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