Breakthrough Therapy BT Designation Market t
Breakthrough Therapy (BT) Designation Market – Industry Trends -
Forecast to 2026 with key market like Hoffmann-La Roche Ltd, AbbVie Inc.,
Novartis AG, Janssen Global Services, LLC, Eli Lilly and Company, Gilead
Sciences, Inc., Sanofi, ACADIA Pharmaceuticals Inc.
Breakthrough
Therapy (BT) Designation Market By Application (Oncology, Infectious
Diseases, Rare Diseases, Autoimmune Diseases, Pulmonary Diseases, Neurological
Disorders, Others), End- User (Hospital, Clinic, Research Institute,
Laboratories), Geography (North America, South America, Europe, Asia-Pacific,
Middle East and Africa)– Industry Trends & Forecast to 2026
Market Analysis: Breakthrough
Therapy (BT) Designation Market
Global Breakthrough Therapy (BT) Designation Market is expected
to rise from its initial estimated value of USD 57.56 billion to an estimated
value of USD 167.10 billion by 2026, registering a CAGR of 14.25% in the
forecast period of 2021-2026. Increasing demand for cancer therapies is driving
the growth of this market.
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Market Definition: Global
Breakthrough Therapy (BT) Designation Market
Breakthrough therapy is the designation given by the US Food and
Drug Administration to a drug if it is able to treat any serious and life-
threatening disease. Its main motive is that to make sure that drug is of high-
quality and can treat a particular disease. Rising health awareness among
consumer is major factor fueling the growth of this market.
Market Drivers
Increasing demand for orphan drugs among consumer is driving the
growth of this market.
Increasing adoption of BT status in molecules is driving the
market.
Market Restraints
Expensive cost of the BT drug is restraining the growth of this
market.
Availability of generics is restraining the market growth.
Segmentation: Global
Breakthrough Therapy (BT) Designation Market
By Application
·
Oncology
·
Infectious
Diseases
·
Rare
Diseases
·
Autoimmune
Diseases
·
Pulmonary
Diseases
·
Neurological
Disorders
·
Others
By End- User
·
Hospital
·
Clinic
·
Research
Institute
·
Laboratories
By Geography
·
North
America
·
uS.
·
Canada
·
Mexico
·
South
America
·
Brazil
·
Argentina
·
Rest
of South America
·
Europe
·
Germany
·
France
·
United
Kingdom
·
Italy
·
Spain
·
Russia
·
Turkey
·
Belgium
·
Netherlands
·
Switzerland
·
Rest
of Europe
·
Asia-Pacific
·
Japan
·
China
·
South
Korea
·
India
·
Australia
·
Singapore
·
Thailand
·
Malaysia
·
Indonesia
·
Philippines
·
Rest
of Asia Pacific
·
Middle
East & Africa
·
South
Africa
·
Egypt
·
Saudi
Arabia
·
United
Arab Emirates
·
Israel
·
Rest
of Middle East & Africa
Key Developments in the Market:
In January 2015, Lucentis has got dsignation from US Food and
Drug Administration for their Breakthrough Therapy (BT) designation which is
specially designed for the diabetic patients. FDA gave them approval on the
basis of result of RISE and RIDE phase 3 trials.
In April 2015, DBV Technologies announced that there Viaskin
Peanut patch has received the Breakthrough Therapy” (BT) designation from the
US Food and Drug Administration (FDA). This Viaksin targets the
antigen-presenting cells so that they can directly apply superficial layers of
the skin.
Competitive Analysis: Global
Breakthrough Therapy (BT) Designation Market
Global
breakthrough therapy (BT) designation market is highly fragmented and the
major players have used various strategies such as new product launches,
expansions, agreements, joint ventures, partnerships, acquisitions, and others
to increase their footprints in this market. The report includes market shares
of breakthrough therapy (BT) designation market for global, Europe, North
America, Asia Pacific, South America and Middle East & Africa.
Key Market Competitors: Global Breakthrough
Therapy (BT) Designation Market
Few of the major competitors currently working in the
breakthrough therapy (BT) designation market are F. Hoffmann-La Roche Ltd,
AbbVie Inc., Novartis AG, Janssen Global Services, LLC, Eli Lilly and Company,
Gilead Sciences, Inc., Sanofi, ACADIA Pharmaceuticals Inc., Boehringer
Ingelheim International GmbH, Amgen Inc, AstraZeneca, GlaxoSmithKline plc.,
Vertex Pharmaceuticals Incorporated, Alexion, Merck KGaA, Jazz Pharmaceuticals,
Inc., Exelixis, Inc., Takeda Pharmaceutical Company Limited.
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report provides pin-point analysis for changing competitive dynamics
It
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It
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It helps
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It
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