North America Rare Disease Therapeutics Market Set for Significant Growth, with Projected 10.88% CAGR Through 2028 [Yahoo! Finance]
Amgen Inc. (AMGN)
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Source: Yahoo! Finance
The North America Rare Disease Therapeutics Market is experiencing a period of significant growth, with an expected Compound Annual Growth Rate (CAGR) of 10.88% through 2028. This market, which includes a dynamic ensemble of treatments tailored for rare and orphan diseases, has reached a value of USD 40.38 billion as of 2022. The market is benefitting from a combination of factors, including an increase in the prevalence of rare diseases, a supportive regulatory environment, advancements in biotechnology and pharmacology, and a burgeoning patient advocacy movement. Driving Factors Behind Market Growth The market is fueled by several key drivers, chief among them being the increasing prevalence and awareness of rare diseases. The advancements in genetic testing and precision medicine contribute substantially to the diagnosis and treatment of these rare conditions. The supportive regulatory environment in North America, with incentives for drug development under the U.S. Orphan D
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AMGN
Earnings
- 2/6/24 - Beat
AMGN
Sec Filings
- 4/26/24 - Form DEFA14A
- 4/17/24 - Form DEFA14A
- 4/17/24 - Form DEF
- AMGN's page on the SEC website