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Multiple Myeloma Drugs Market 2019 Leading Players, SWOT Analysis, Segments, Size, Regional Study and Industry Growth by Forecast to 2026

Global Multiple Myeloma Drugs Market

Multiple Myeloma is a form of cancer formed in a type of white blood cells, known as plasma cells. Malignant tumors originate from highly unstable abnormal cells travelling via the blood stream, circulatory system, and the lymphatic system. In this condition, the plasma cells become cancerous and vigorously proliferative, producing a tumor, called plasmacytoma, which prevents the bone marrow from producing healthy blood cells and immunoglobulins. The formation and proliferation of myeloma cells result in the production of fewer leukocytes, erythrocytes, and platelet cells, causing an impaired immune system. Gastrointestinal problems, enlarged organs, kidney damage, rapid weight loss, bone pain, and fever are some of the common symptoms of multiple myeloma. It is considered to be the third most common form of blood cancer, after lymphoma and leukemia.

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Introduction of monoclonal antibodies with a safety profile to fight myeloma cells is expected to drive market growth

The increasing microRNA therapeutics, emergence of a nanomedicine platform, and consistent introduction of effective and safe therapeutics are pivotal factors driving the growth of the global multiple myeloma drugs market. The global market growth is expected to gain momentum with the introduction of monoclonal antibodies and Histone Deacetylase (HDAC) inhibitors to the current therapeutics array. The biologic therapy of monoclonal antibodies including DARZALEX and EMPLICITI are largely preferred by the physicians owing to the established clinical profile. The growing prevalence of the disorder with the surging elderly population, the inefficiency of the current medication augments to invest in research and development, thereby driving the global market in the forecast period. In addition, the demand for supportive treatments for the restoration procedures, including point-of-care technologies, approved safety profile, and efficiency of monoclonal antibodies, is expected to enhance the drug treatment received by patients.

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Global Multiple Myeloma Drugs Market Taxonomy

On the basis of drug type, the global multiple myeloma drugs market is segmented into:

  • Immunomodulating agents
  • Proteasome inhibitors
  • Histone Deacetylase (HDAC) inhibitors
  • Steroids (Corticosteroids)
  • Monoclonal antibodies

The global multiple myeloma drugs market comprises various distribution channels, including:

  • Hospital Pharmacies
  • Retail Pharmacies
  • E-pharmacies

Presence of key players allows Europe to spearhead the global multiple myeloma drugs market

The multiple myeloma drugs market in Europe is expected to expand drastically, owing to the presence of major players, favorable reimbursement policies, and high FDA drug approval rates.

Furthermore, North America is expected to dominate the global multiple myeloma drugs market, owing to changing lifestyles, increasing obese population, and the launch of various multiple myeloma therapies. For instance, the launch of NINLARO, DARZALEX, and FARYDAK is predicted to considerably drive the regional market growth over the forecast period. According to the American Cancer Society’s, about 30,280 new cases of multiple myeloma were diagnosed in the U.S. in 2017, with an estimated death count of 12,590.

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Global Multiple Myeloma Drugs Market – Competitive Background

The well-known players operating in the global multiple myeloma drugs market include Novartis, Johnson & Johnson, Elgene, Takeda Pharmaceuticals, and Amgen. The strategies adopted by these players include advances in research activities and the launch of novel therapies specific for effective treatment to cater to the unmet medical needs.  These tend to intensify the competition among these vendors. The other leading vendors include Acceleron Pharma, Bristol-Meyer Squibb, Sanofi, GlaxoSmithKline, and Merck.

Table of Content

Global Multiple Myeloma Drugs Market Research Report
Section 1: Global Multiple Myeloma Drugs Industry Overview
Section 2: Global Economic Impact on Multiple Myeloma Drugs Industry
Section 3: Global Market Competition by Industry Producers
Section 4: Global Productions, Revenue (Value), according to Regions
Section 5: Global Supplies (Production), Consumption, Export, Import, geographically
Section 6: Global Productions, Revenue (Value), Price Trend, Product Type
Section 7: Global Market Analysis, on the basis of Application
Section 8: Multiple Myeloma Drugs Market Pricing Analysis
Section 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Section 10: Strategies and key policies by Distributors/Suppliers/Traders
Section 11: Key Marketing Strategy Analysis, by Market Vendors
Section 12: Market Effect Factors Analysis
Section 13: Global Multiple Myeloma Drugs Market Forecast

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Last Updated: 05-Mar-2021