As per the research conducted by GME, the Breakthrough Therapy Designation Market will grow with a CAGR value of 14.4 per cent. The key driver for the breakthrough therapy drugs market is the rising prevalence of life-threatening conditions and the need for rapid development of pipeline drugs. The FDA's increased support for small-scale industries in R&D, including increased money and faster drug approval, is fueling the market for breakthrough therapy drugs.
Browse 151 Market Data Tables and 111 Figures spread through 181 Pages and in-depth TOC on “Breakthrough Therapy Designation Market - Forecast to 2026”
https://www.globalmarketestimates.com/market-report/global-breakthrough-therapy-designation-market-3124
By Application (Oncology, Infectious Diseases, Rare Diseases, Autoimmune Diseases, Pulmonary Diseases, Neurological Disorders, and Others), By Region (North America, Asia Pacific, CSA, Europe, and the Middle East and Africa); Company Market Share Analysis, End-User Landscape, and Competitor Analysis.
Key Market Insights
- Increased use of orphan medicines and widespread adoption of BT status in drugs will boost demand growth in the coming years.
- Depending on the Application, the oncology segment is likely to have a higher growth due to the increase in cancer incidence globally.
- The North American region is likely to predominate the breakthrough therapy designation market due to increasing access to medical care and appropriate IP laws.
- F. Hoffmann-La Roche Ltd, Gilead; Novartis AG, Pfizer, Inc., AbbVie, Inc., Janssen Global Services, LLC, Bristol-Myers Squibb Company, Eli Lilly and Company, Sanofi, Regeneron, Acadia Pharmaceuticals, Inc., Boehringer Ingelheim GmbH, Amgen, Inc., AstraZeneca, and GlaxoSmithKline plc are the top players in the breakthrough therapy designation market.
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Application Outlook (Revenue, USD Billion, 2021-2026)
- Oncology
- Infectious Diseases
- Rare Diseases
- Autoimmune Diseases
- Pulmonary Diseases
- Neurological Disorders
- Others
Regional Outlook (Revenue, USD Billion, 2021-2026)
North America
- The U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Rest of APAC
Central & South America
- Brazil
- Argentina
- Rest of CSA
Middle East & Africa
- Saudi Arabia
- UAE
- Rest of MEA
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