Global orphan drugs market to reach $176 billion by 2020

20 November 2015

The global orphan drugs market is expected to reach $176 billion by the end of 2020, according to a report published today (November 20, 2015).

A 10.5% compound annual growth rate will see the prescription sales in the orphan sector grow at twice the rate of the overall prescription market which is set to grow at just 5.3% annually, the report by market research company Mordor Intelligence says.

An orphan drug is a pharmaceutical agent that has been developed specifically to treat a rare medical condition, which itself is referred to as an orphan disease.

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