In the United States, the Pharmaceutical market can be categories into two types of drugs Traditional as well as Specialty drugs. In recent times, Specialty drugs have gained a substantial foothold in the US market, and as estimated, it tends to gain more momentum in the upcoming years. For this, the credit goes to the companies initiatives towards Research and Developments (R&D’s) of these drugs. As per Renub Research Analysis, it is expected that United States Specialty Pharmaceutical Market will be US$ 387 Billion by 2026.
During the years, Specialty pharmaceutical has changed much due to specialty drugs being in the final stages of development in the United States. Specialty drugs are for rare and chronic diseases, and the drugs fall under this category are much expensive compared to traditional medications. Research has shown that a large portion of the US population was ageing and more people are prone towards chronic and rare diseases like cancer, Autoimmune, Multiple sclerosis.
In the year 2018, the FDA has approved 21 new molecular entities. Out of these products, 12 are regarded as specialty pharmaceutical based on variables such as indication and designed use population, administrative and tracking considerations, price and restricted delivery procedures. Dating back five years, spending on specialty drugs has almost doubled in the United States.
Speciality pharmacy is multiplying and becoming a major factor for health systems and producers across the US. The FDA approved 21 new molecular entities in half of 2018. Out of these products, 12 (57%) are thought to be pharmaceutical specialities based on variables like indication and designed use population, administrative and tracking considerations, price and restricted delivery procedures. In the last five years, the US spending on speciality drugs has almost doubled.
An ageing population, rise in the net per capita medicine spending on specialty drugs, improving life expectancy rate, the prevalence of chronic diseases are likely to boost the United States Specialty pharmaceuticals market at a staggering rate in upcoming years.
Renub Research report titled “United States Specialty Pharmaceuticals Market, by Application (Oncology, Autoimmune, Immunology, HIV, Multiple Sclerosis, Hematology, Age-related macular degeneration (AMD), Human Growth Hormones (HGH) Others), Company ( CVS Health, Endo International, UnitedHealth Group Incorporated, Recordati Pharmaceuticals) Analysis” provides a complete analysis of United States Specialty Pharmaceutical Market.
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All the 9 Diseases have been studied from two points
• Drugs Pipeline
Application – The Report Covers the Market, Drugs Pipelines of 9 diseases
- Multiple Sclerosis
- Age-related macular degeneration (AMD)
- Human Growth Hormones (HGH)
All the Key players have been covered from 3 Viewpoints
• Recent Developments
• Revenue Analysis
• CVS Health
• Endo International
• UnitedHealth Group Incorporated
• Recordati Pharmaceuticals
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