What are high-cost specialty drugs primarily used for?

High-cost specialty drugs are primarily designed to manage complex or chronic conditions that typically require advanced medical intervention and often possess a higher price point due to their complexity and the technology behind their development. These medications are usually used for severe diseases such as cancer, multiple sclerosis, rheumatoid arthritis, and other serious health conditions that cannot be managed effectively with standard therapies.

The development and use of specialty drugs involve intricate manufacturing processes, which contributes to their high costs. Additionally, these drugs often require special handling, storage, or administration procedures, which are essential for effectively treating complicated health issues. The rising prevalence of chronic and complex illnesses, coupled with advancements in biotechnology, has led to an increase in the utilization of these drugs in modern healthcare, emphasizing the need for specialized management and care strategies associated with them.