Multiple Myeloma Treatment options have developed at a substantial rate. Moreover, novel multiple myeloma treatments are offering efficient survival rates among myeloma patients. Also, it is noted that the upcoming drug pipeline of multiple myeloma holds a lot of potentials, in addition to biological drugs as well as stem cell-based therapies which will be highly instrumental in the growth of the market in the near future.
The prominent players operating in the multiple myeloma industry are making remarkable breakthroughs backed by numerous research and development activities for future multiple myeloma treatment Market customizing the treatments that are based on a patient’s genome.
Key Players Competitive Dashboard:
The key vendors competing in the global multiple myeloma treatment market include
Janssen Biotech Inc.
Bristol-Myers Squibb Company
Takeda Pharmaceuticals Millennium Pharmaceuticals
Johnson & Johnson
Innate Pharma SA
Celldex Therapeutics Inc.
Hoffmann-La Roche Ltd.
The global multiple myeloma treatment market will be rising steadily at a lucrative CAGR of 11% during the forecast period from (2018–2023).
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As per Multiple Myeloma Research Foundation, multiple myeloma generally occurs in bone marrow particularly located in the pelvic bones, spine, ribs, and the area of the hips and shoulders. Apart from this, the groups of myeloma cells prompt other cells present in the bone marrow to get rid of the solid part of the bone, causing osteolytic lesions or soft spots in the bone. This results in weakened bones as well as increasing the risk of fractures. Growing awareness regarding early cancer diagnosis along with the availability of advanced diagnostic techniques like imaging devices and personalized diagnostic tests are expected to provide lucrative growth opportunities for market expansion. The recent launch of monoclonal antibodies (mAbs) Empliciti and daratumumab coupled with effective pipeline and lastly, increasing prevalence of multiple myeloma in developing nations, resulting in the strong growth of drug therapy are bound to create various growth opportunities for the multiple myeloma treatment in the forthcoming years.
The global multiple myeloma treatment is segmented on the basis of treatment types and end users.
based on the treatment types, is segmented into chemotherapy, corticosteroids, interferon, stem cell transplant, and radiation therapy. Chemotherapy is sub-segmented into bendamustine (treanda), cyclophosphamide (Cytoxan), doxorubicin (adriamycin), etoposide (vp-16), liposomal doxorubicin (Doxil), melphalan (Alkeran, evomela), vincristine (Oncovin).
The end users include hospitals, clinics, rehabilitative center treatment, independent pharmacies, and others.
LIST OF TABLES
Table 1 Global Multiple Myeloma Treatment Market Synopsis, 2018–2023
Table 2 Global Multiple Myeloma Treatment Market Estimates And Forecast, 2018–2023 (USD Million)
Table 3 Global Multiple Myeloma Treatment Market, By Region, 2018–2023 (USD Million)
Table 4 Global Multiple Myeloma Treatment Market, By Treatment, 2018–2023 (USD Million)
Table 5 Global Multiple Myeloma Treatment Market, By End-User, 2018–2023 (USD Million)
Table 6 North America: Multiple Myeloma Treatment Market, By Treatment, 2018–2023 (USD Million)
Table 7 North America: Multiple Myeloma Treatment Market, By End-User, 2018–2023 (USD Million)
Table 8 US: Multiple Myeloma Treatment Market, By Treatment, 2018–2023 (USD Million)
Table 9 US: Multiple Myeloma Treatment Market, By End-User, 2018–2023 (USD Million)
…To be Continued.
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Geographically, North America is expected to hold the largest share in global multiple myeloma treatment market due to key driving factors such as rising prevalence of multiple myeloma, high awareness associated with early cancer diagnosis and treatment, supportive reimbursement policies, and developed healthcare infrastructure.
Europe has been dominating the multiple myeloma treatment market owing to the faster approval rates and favorable healthcare policies and the presence of major players in this region. Higher prevalence of multiple myeloma in developed economies is driving the growth of the Europe market.
Asia-Pacific is expected to show exponential growth due to rising awareness associated with cancer diagnosis and developing healthcare infrastructure is responsible for high accessibility to modern technology.
Furthermore, factors such as increased healthcare infrastructure and improved healthcare reimbursement policies are responsible for the growth of multiple myeloma treatment market in the Middle East and Africa.
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