India Orphan Diseases Drugs Market Analysis

India Orphan Diseases Drugs Market Analysis


$ 3999

The India Orphan Diseases Drugs Market is projected to grow from $2.815 Bn in 2022 to $7.645 Bn by 2030, registering a CAGR of 13.30% during the forecast period of 2022 - 2030. The lack of attention and funding for research and treatment of these diseases has led to limited options for patients. However, recent efforts by the government and healthcare organizations are increasing awareness and access to care for those affected by orphan diseases in India. Some of the key players in the India orphan diseases drugs market include Roche, Novartis, Pfizer, Sanofi, AstraZeneca, GlaxoSmithKline, Merck, AbbVie, Johnson & Johnson, and Takeda.

ID: IN10INPH019 CATEGORY: Pharmaceuticals GEOGRAPHY: India AUTHOR: Shivam Zalke

Buy Now

India Orphan Diseases Drugs Market Executive Summary

The India Orphan Diseases Drugs Market is projected to grow from $2.815 Bn in 2022 to $7.645 Bn by 2030, registering a CAGR of 13.30% during the forecast period of 2022 - 2030.

The orphan diseases drugs market in India is growing due to increasing awareness, better access to healthcare, and government support. However, the market faces challenges such as limited patient populations, high costs of treatments, and limited reimbursement options. Despite these challenges, the market is expected to continue growing due to increasing demand for treatments and government efforts to support the development of drugs for orphan diseases.

Orphan diseases in India are rare and debilitating conditions that affect a small number of people. Some of the most common orphan diseases in India include thalassemia, sickle cell anemia, and inherited metabolic disorders. The lack of attention and funding for research and treatment of these diseases has led to limited options for patients. However, recent efforts by the government and healthcare organizations are increasing awareness and access to care for those affected by orphan diseases in India.

india orphan diseases drugs market analysis

Market Dynamics

Market Drivers

The key drivers of the India orphan diseases drugs market are:

  1. Growing patient population: The number of people affected by orphan diseases in India is increasing, driving demand for treatments
  2. Improving healthcare access: Improved access to healthcare and increased spending on healthcare are contributing to the growth of the market
  3. Government support: The Indian government has implemented policies to support the development and approval of drugs to treat orphan diseases
  4. Increasing awareness: Increased public and government awareness of the burden of orphan diseases is driving demand for treatments
  5. Advances in technology: Advances in technology and research are leading to the development of new treatments for orphan diseases

Competitive Landscape

Key Players

Some of the key players in the India orphan diseases drugs market include:

  • Roche
  • Novartis
  • Pfizer
  • Sanofi
  • AstraZeneca
  • GlaxoSmithKline
  • Merck
  • AbbVie
  • Johnson & Johnson
  • Takeda

These companies are involved in the research, development, and commercialization of drugs to treat orphan diseases in India and around the world.

Healthcare Policies and Regulatory Landscape

The Indian government has implemented several policies to support the development and approval of drugs to treat orphan diseases, including:

Orphan Drug Designation: The Central Drugs Standard Control Organization (CDSCO) has established a system for granting orphan drug designation to drugs intended to treat rare diseases. This designation provides benefits such as expedited regulatory review and marketing exclusivity.

Research and Development Funding: The government provides funding for the research and development of treatments for orphan diseases through various programs and initiatives.

Reimbursement Policies: The government has implemented reimbursement policies to ensure that patients have access to treatments for orphan diseases, but these policies are limited in scope and coverage.

The CDSCO is the main regulatory body responsible for the approval of drugs to treat orphan diseases in India. The agency has established a streamlined review process for orphan drugs to expedite their approval and availability to patients. The regulatory landscape for the India orphan diseases drugs market is constantly evolving, and companies must stay informed of changes to ensure compliance with regulatory requirements.

1. Executive Summary
1.1 Disease Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Patient Journey
1.6 Health Insurance Coverage in Country
1.7 Active Pharmaceutical Ingredient (API)
1.8 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Epidemiology of Disease
2.2 Market Size (With Excel & Methodology)
2.3 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Orphan Diseases Drugs Market Segmentation

Therapeutic area

  • Cancer
  • Neurological condition
  • Cardiovascular condition
  • Musculoskeletal condition
  • Hematologic condition
  • Others

Route of administration

The injectable segment dominated the market and is expected to witness significant growth during the forecast period. This can be attributed to the launch of novel injectables for the treatment of rare diseases.

  • Oral
  • Injectable
  • Others

Drug Type

Biologics dominated the market and is expected to witness significant growth during the forecast period. The advancement in biotechnology and research techniques has facilitated the development of novel biologics. High target specificity and potential of biological drugs revolutionizing the treatments of several rare diseases are expected to fuel the segment growth.

  • Biologics
  • Biosimilars  
  • Small molecule

Distribution Channel

The specialty pharmacy segment dominated the market. The dominance can be attributed to strategic initiatives undertaken by key players, such as the acquisition of specialty pharmacies for the distribution of their products.

  • Hospital Pharmacy
  • Specialty Pharmacy
  • Online Pharmacy

Insights10 will provide you with the reports within 10 key parameters which are:

  1. Market Overview
  2. Market Growth Drivers & Restraints
  3. Epidemiology of Disease Type
  4. Market Segmentation
  5. Market Share
  6. Competitive Landscape
  7. Key Company Profiles
  8. Healthcare Policies & Regulatory Framework
  9. Reimbursement Scenario
  10. Factors Driving Future Growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision-making for business stakeholders. Our focused approach to developing reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

 

Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers, and researchers across countries through which we engage with local experts to gather key data points and assumptions about each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain a high level of accuracy and consistency. The market data is analyzed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, and market share as well as a segment-level analysis of the specific market. Our report includes precise, to-the-point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.

Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:

 

 

Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameters and micro indicators. The macro parameters include changes in government policies, demand and supply of the market, government intervention programs, and major market share. The micro indicators are GDP growth, market size, market volume, etc. We also understand nuances specific to each country like the US, Canada, India, Germany, etc., and have worked across 60+ countries and hence not only understand global trends but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. starting with the large overall market and segmenting different areas and the bottom-up approach i.e. starting with population and epidemiology and rolling up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach is mainly used for new product forecasting and the bottom-up approach is used for demand estimation of any product for different countries summed up to form the total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as Asia-Pacific, Africa, Europe, Middle East, North America, and  Latin America for the period of 2022 to 2030. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape, and policy and regulatory scenario, and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases, and company-level averages, etc.

We make sure to finalize the numbers in alignment with the market research. Firstly, our internal experts ensure thorough validation and checking to ensure accurate and precise analysis and then validation is also done using a multiple-data analysis model. Two-level validation is done and entails the finalization of the report scope and the way of representation pattern.

 

 

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analyzed and synthesized. The second series of interviews are done if necessary to check and validate. The future opportunities are analyzed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results is then, interpreted by considering the following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing the regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue/volume
  • ​Analyzing current needs and determining penetration to estimate the market

Insights: Our reports deliver actionable insights backed with supporting facts and figures to assist you in achieving exemplary growth. Our in-depth analyses are interspersed with relevant insights and statistics to offer an executive-level view of a given market. The description helps in correlating many minor factors affecting the market and their impact on the different segments within the market.

Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current, and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumption.

The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

To request a free sample copy of this report, please complete the form below.


We value your inquiry and offer free customization with every report to fulfil your exact research needs.


This report addresses

  • Intelligent insights to take informed business decisions
  • Qualitative, acute and result oriented market analysis
  • Market size and forecasts from 2022 to 2030
  • Opportunities for expansion and in-depth market analysis
  • Segmentation and regional revenue forecasts
  • Analysis of the market share and competitive landscape
  • Strategic Recommendations to chart future course of action
  • Comprehensive Market Research Report in PDF and PPT formats

Need more?

  • Ask our analyst how this study was put together to learn more
  • Discuss additional requirements as part of the free customisation
  • Add more countries or regions to the scope 
  • Get answers to specific business questions 
  • Develop the business case to launch the product
  • Find out how this report may influence your business revenue
Last updated on: 03 February 2023
Updated by: Riya Doshi

Related reports (by category)


Related reports (by geography)


subscribe to our newsletter
up