Rare Disease
A rare disease is
a disease that affects a tiny percentage of the population. In other words,
an orphan disease is a rare disease, which means that there is
a shortage of a market to get support and resources for discovering treatments
for it.
Most rare diseases are
genetic and affect throughout the person's life, although symptoms do not
become immediately visible. There are various causes of rare diseases. The
majority of them are directly caused a change in genes or chromosomes and are
passed from one generation to the next. Most of the rare diseases appear
early in life, and about 30% of children with these diseases will die after
five years of birth. There may be as many as 7,000 rare diseases. Only a few
types of rare diseases are diagnosed in the United States. The Americans are
living with a rare disease and are estimated at between 25-30 million.
In recent years,
rare-disease products have intrigued pharmaceutical and biotech companies and
firms. While the average revenue of a product from a rare disease may be lower
compared with the more traditional therapeutic areas, but rare diseases are
still a lucrative opportunity, and it has become a target for many companies in
today’s competitive rare disease drug market. As a company commences to analyze
the requirements for successful development and commercialization of a
rare-disease drug, the company will require to be aware of the unique aspects
of the rare disease and how these will take the commercialization process.
There is a myriad of pharmaceutical companies that are developing the drugs for
rare diseases like Acute Myeloid Leukemia, Acromegaly, Acute Respiratory
Distress Syndrome, Alopecia Areata, Amyotrophic Lateral Sclerosis, Anthrax,
Pompe disease and many others. One of the leading companies is DelveInsight
that prepares the market reports on rare diseases. It provides the exhaustive
data on Market forecast, Epidemiology, Market trends, market size, and market
analysis covering the geographical areas like the United States, EU-5 (The
United Kingdom, France, Germany, Italy, and Spain) and Japan. It also proffers
customizable market reports on rare diseases. These rare disease reports will
help many companies in making informed decisions and eventually help in staying
ahead of the competition.
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