The growing demand for rare genetic disorders treatments can be attributed due to the surge in the prevalence of rare cancers and other diseases. According to an article shared by the American Cancer Society, in the US in January 2022, there are approximately 54,000 new cases of oropharyngeal or oral cancer each year. Oropharyngeal or oral cancer claims the lives of 11,230 people. Moreover, rising healthcare expenditure is also acting as major driver for the growth of the market in region.
Further, the North America Rare Genetic Disorders Treatment Market is expected to grow at a strong CAGR of 11.5% during the forecast period (2022-20230). North America held a dominant share of the market in 2021 as the regional market that is focused on providing innovative therapies and treatments for individuals with rare genetic disorders. Rare genetic disorders are conditions that affect a small number of individuals, typically less than 200,000 people in the US. The market for rare genetic disorders treatment in the US is primarily driven by the increasing prevalence of rare genetic disorders, advancements in technology and research, and the growing demand for personalized medicine. According to the National Institutes of Health, there are over 7,000 known rare genetic disorders affecting an estimated 25 to 30 million people in the US. Moreover, presence of key players and rising investment is also driving the regional growth. For instance, in January 2021, Roche announced a collaboration with Sarepta Therapeutics to develop and commercialize therapies for Duchenne muscular dystrophy (DMD) and other rare neuromuscular diseases.
Request For Sample PDF- https://univdatos.com/report/rare-genetic-disorders-treatment-market/get-a-free-sample-form.php?product_id=37773
FIG. 1 North America Rare Genetic Disorders Treatment Market Revenue (2020-2030)- USD Mn
For a detailed analysis of the Global Rare Genetic Disorders Treatment Market browse through- https://univdatos.com/report/rare-genetic-disorders-treatment-market/
Based on that is focused on providing innovative therapies and treatments for individuals with rare genetic disorders. Rare genetic disorders are conditions that affect a small number of individuals, typically less than 200,000 people in the US. The market for rare genetic disorders treatment in the US is primarily driven by the increasing prevalence of rare genetic disorders, advancements in technology and research, and the growing demand for personalized medicine. According to the National Institutes of Health, there are over 7,000 known rare genetic disorders affecting an estimated 25 to 30 million people in the US. Moreover, presence of key players and rising investment is also driving the regional growth. For instance, in January 2021, Roche announced a collaboration with Sarepta Therapeutics to develop and commercialize therapies for Duchenne muscular dystrophy (DMD) and other rare neuromuscular diseases.
Ask for Customization @ https://univdatos.com/report/rare-genetic-disorders-treatment-market/get-a-free-sample-form.php?product_id=37773
By drug type, the market is bifurcated into biologics & biosimilars, and non-biologics. The biologics & biosimilar segment held a dominant share of the market in 2021 owing to their high specificity towards the disease. Biologics & biosimilars drugs are increasingly being used for the treatment of rare genetic disorders, including hematology diseases. Biologics are drugs that are derived from living cells, and include proteins, antibodies, and other complex molecules. Biosimilars are similar to biologics, but are developed after the patent for the original biologic drug has expired. Several biologics have beend approved for the management of rare genetic disorders including Rituximab, Adalimumab, zynteglo, and others. Apart from this, rising product pipelines and their encouraging response in clinical trials is also suggesting positive future growth of this segment. For instance, in 2020, Regenreon Pharmaceuticals announced encouraging results from LUMINA-1, a 44-patient, Phase 2, double-blind placebo-controlled trial evaluating garetosmab (REGN2477) in patients with fibrodysplasia ossificans progressiva (FOP).
On the basis of distribution channel, the market is segmented into hospital pharmacy, online pharmacy, and retail pharmacy. The online pharmacy is expected to witness high CAGR during the forecast period. Online pharmacies are also gaining considerable momentum in the market owing to their convenience. Consumers can order medications from the comfort of their own homes and have them delivered directly to their doorsteps. This is especially beneficial for those who live in rural areas or have mobility issues, as it eliminates the need for them to travel to a physical pharmacy. Moreover, online pharmacies often offer lower prices than traditional brick-and-mortar pharmacies due to lower overhead costs. In addition, online pharmacies may offer discounts, promotions, and loyalty programs to attract and retain customers. According to a survey conducted by the National Community Pharmacists Association, 61% of respondents said that cost was the primary reason they chose to use an online pharmacy.
Get more information , Please Visit us : https://univdatos.com/report/rare-genetic-disorders-treatment-market/
Global Rare Genetic Disorders Treatment Market Segmentation
Market Insight, by Application
- Cancer
- Neurological Disorders
- Cardiovascular Diseases
- Metabolic Disorders
- Hematology Diseases
- Others
Market Insights, by Drug Type
- Biologics & Biosimilars
- Non-Biologics
Market Insights, by Distribution Channel
- Hospitals Pharmacy
- Online Pharmacy
- Retail Pharmacy
Market Insight, by Region
- North America
- S.
- Canada
- Rest of North America
- Europe
- Germany
- K.
- France
- Spain
- Italy
- Rest of Europe
- APAC
- China
- Japan
- India
- Rest of APAC
- Rest of the World
Top Company Profiles
- Hoffmann-La Roche Ltd.
- Pfizer, Inc.
- AstraZeneca
- Bristol Myers Squibb
- Takeda Pharmaceutical Company Limited
- Novartis AG
- AbbVie Inc.
- GlaxoSmithKline Plc
- Amgen Inc.
- Johnson & Johnson Inc.