With the advent of novel
technologies, companies operating in the healthcare/pharmaceutical/therapeutic
industry are now scaling new heights. Also, this industry is boosted by the
rising number of incidences of health related issues emanating from the
changing lifestyle and continuously evolving surrounding environment. To
address the growing demand for better healthcare options and the unmet needs
within the chronic disease segment, respective companies are coming up with new
and improved therapies some of which fall within the bounds of specialty
pharmaceuticals.
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There is no particular definition
for specialty pharmaceutical but on the basis of some parameters, it takes into
account the following:
- Biotech origin of drugs/plasma derivatives
- Orphan drugs
- Skyrocketing cost of treatment
- Treatment for a chronic condition by specialist
- Patient monitoring and education is required
- Distribution calls for special handling
The specialty drugs cater to the
disease areas like deep vein thrombosis, cancer, multiple sclerosis, HIV,
hepatitis C, cardiovascular and autoimmune diseases among others. These
diseases are quite difficult to treat and require special drugs for placating
the condition. The respective therapeutic molecules and biologics require
special packaging, handling and distribution channel termed as specialty
distribution when taken together, and are sold via specialty pharmacies.
This report provides a comprehensive
overview of the US specialty pharmaceutical market covering various disease
segments and the specialty pharmacy market. The specialty pharma realm is
intensely competitive with numerous corporations holding the reins of the same.
The leading industry players include Pfizer, Amgen, Roche, Eli Lilly,
NovoNordisk and J&J. Also, market dynamics viz., key trends, industry
developments, growth drivers and the challenges faced by the industry are
discussed in detail.
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