Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 130.78 Billion | USD 529.08 Billion | 16.8% | 2023 |
List of Figures
1. Market research process
2. Market research methodology
3. Global Breakthrough Therapy (BT) Designation Market , 2015–2025 (USD Billion)
4. Porter’s Five Forces Analysis
5. Global Breakthrough Therapy (BT) Designation Market attractiveness, By Application
6. Global Breakthrough Therapy (BT) Designation Market Share by Application ,2018 and 2025 (USD Billion)
7. Global Breakthrough Therapy (BT) Designation Market by Oncology ,2015–2025 (USD Billion)
8. Global Breakthrough Therapy (BT) Designation Market by Rare Diseases ,2015–2025 (USD Billion)
9. Global Breakthrough Therapy (BT) Designation Market by Infectious Diseases,2015–2025 (USD Billion)
10. Global Breakthrough Therapy (BT) Designation Market by Pulmonary Diseases,2015–2025 (USD Billion)
11. Global Breakthrough Therapy (BT) Designation Market by Autoimmune Diseases,2015–2025 (USD Billion)
12. Global Breakthrough Therapy (BT) Designation Market by Neurological Disorders,2015–2025 (USD Billion)
13. Global Breakthrough Therapy (BT) Designation Market by Others,2015–2025 (USD Billion)
14. Global Breakthrough Therapy (BT) Designation Market share, by Region, 2018 and 2025
15. North America Breakthrough Therapy (BT) Designation Market , 2015–2025 (USD Billion)
16. Europe Breakthrough Therapy (BT) Designation Market , 2015–2025 (USD Billion)
17. Asia Pacific Breakthrough Therapy (BT) Designation Market , 2015–2025 (USD Billion)
18. Latin America Breakthrough Therapy (BT) Designation Market , 2015–2025 (USD Billion)
19. The Middle East and Africa Breakthrough Therapy (BT) Designation Market , 2015–2025 (USD Billion)
List of Tables
1. Global Breakthrough Therapy (BT) Designation Market : snapshot
2. Drivers of the Breakthrough Therapy (BT) Designation Market : impact analysis
3. North America Breakthrough Therapy (BT) Designation Market revenue, By Application , 2015–2025 (USD Billion)
4. The U.S. Breakthrough Therapy (BT) Designation Market revenue, By Application , 2015–2025 (USD Billion)
5. Rest of North America Breakthrough Therapy (BT) Designation Market revenue, By Application , 2015–2025 (USD Billion)
6. Europe Breakthrough Therapy (BT) Designation Market revenue, By Application , 2015–2025 (USD Billion)
7. UK Breakthrough Therapy (BT) Designation Market revenue, By Application , 2015–2025 (USD Billion)
8. France Breakthrough Therapy (BT) Designation Market revenue, By Application , 2015–2025 (USD Billion)
9. Germany Breakthrough Therapy (BT) Designation Market revenue, By Application , 2015–2025 (USD Billion)
10. Rest of Europe Breakthrough Therapy (BT) Designation Market revenue, By Application , 2015–2025 (USD Billion)
11. Asia Pacific Breakthrough Therapy (BT) Designation Market revenue, By Application , 2015–2025 (USD Billion)
12. China Breakthrough Therapy (BT) Designation Market revenue, By Application , 2015–2025 (USD Billion)
13. Japan Breakthrough Therapy (BT) Designation Market revenue, By Application , 2015–2025 (USD Billion)
14. India Breakthrough Therapy (BT) Designation Market revenue, By Application , 2015–2025 (USD Billion)
15. Rest of Asia Pacific Breakthrough Therapy (BT) Designation Market revenue, By Application , 2015–2025 (USD Billion)
16. Latin America Breakthrough Therapy (BT) Designation Market revenue, By Application , 2015–2025 (USD Billion)
17. Brazil Breakthrough Therapy (BT) Designation Market revenue, By Application , 2015–2025 (USD Billion)
18. Rest of Latin America Breakthrough Therapy (BT) Designation Market revenue, By Application , 2015–2025 (USD Billion)
19. The Middle East and Africa Breakthrough Therapy (BT) Designation Market revenue, By Application , 2015–2025 (USD Billion)
20. Saudi Arabia Breakthrough Therapy (BT) Designation Market revenue, By Application , 2015–2025 (USD Billion)
21. South Africa Breakthrough Therapy (BT) Designation Market revenue, By Application , 2015–2025 (USD Billion)
22. Rest of the Middle East & Africa Breakthrough Therapy (BT) Designation Market revenue, By Application , 2015–2025 (USD Billion)
FrequentlyAsked Questions
Inflating consumption of orphan medicines and large-scale acceptance of BT status in drugs will embellish the market expansion over the years ahead. Need for providing effective drug treatment to patients suffering from life-threatening ailments and necessity of bringing improvement in disease condition through determining of effective drug therapies will boost the market trends. In addition to this, surge in the healthcare spending in both emerging economies and developed countries will prompt the market size over the forecast timeline.
According to a report from Zion Market Research, the global Breakthrough Therapy (BT) Designation Market was valued at USD 130.78 Billion in 2023 and is projected to hit USD 529.08 Billion by 2032, with a compound annual growth rate (CAGR) of 16.8% during the forecast period 2024-2032
North America is likely to make noteworthy contributions towards overall market revenue. The regional market growth over 2019-2025 can be credited to favorable intellectual property legislations rewarding breakthroughs through data protection and copyright security. In addition to this, easy access to advanced healthcare facilities and surge in the chronic disorders will promulgate the market penetration over the forthcoming years.
The key players profiled in the report include Regeneron; Boehringer Ingelheim GmbH; AbbVie, Inc.; GlaxoSmithKline plc; F. Hoffmann-La Roche Ltd; Sanofi; Novartis AG; Bristol-Myers Squibb Company; Amgen, Inc.; Acadia Pharmaceuticals, Inc.; Pfizer, Inc.; AstraZeneca; Gilead; Janssen Global Services, LLC; and Eli Lilly and Company.
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