Global Multiple Myeloma Drugs Market Size, Share, Growth, Industry Trends and Forecast 2020-2030

Multiple Myeloma is a form of cancer formed because of malignant plasma cells. Plasma cells are a vital part of the human immune system and are found in the bone marrow. Multiple myeloma causes the malignant plasma cells to amass in the bone marrow and then attack the healthy blood cells. The malignant plasma cells produces abnormal proteins which causes tumour, kidney damage, and weakens immune system function. Multiple myeloma also leads to the lowering of platelets level in the blood which further leads to a rise in bruising and bleeding. They also make the bones fragile by forcing other cells in the bone marrow to remove the solid part of the bone, which further leads to the increasing risk of fractures in the body. The global multiple myeloma drugs market is accounted approximate USD 17 million in 2020 and it is expected to reach approximate USD 33.1 billion by 2030 with a CAGR of 6.9% during forecast period.
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Market Dynamics and Factors:
Growing cases of plasma cancer across the globe owing to various factors such as unhealthy lifestyles, exposure to harmful chemical radiations, and immune disorders due to family inheritance are the major driving factors of the myeloma drugs market. The rising penetration of novel cancer drugs such as Revlimid and its consolidation with upcoming therapies is expected to further boost the multiple myeloma drugs market growth of multiple myeloma drugs market. Furthermore, increasing government investments in research & development of new drugs is expected to pave way for new growth opportunities for the market in the coming future. However, high treatment costs, high cost of radio therapeutic equipment and chemotherapy process are some restraining factors that might hinder the market growth of multiple myeloma drugs market.
Market Segmentation:
Global Multiple Myeloma Drugs Market – By Drug Type
Immunomodulating Agents
Proteasome Inhibitors
Histone Deacetylase (HDAC) Inhibitors
Monoclonal Antibodies
Others
Global Multiple Myeloma Drugs Market – By Therapeutics
Chemotherapy & Other Drugs
Radiation Therapy
Stem Cell Transplant & Supportive Elements
Global Multiple Myeloma Drugs Market – By Distribution Channel
Online Pharmacies
Hospital Pharmacies
Retail Pharmacies
Global Multiple Myeloma Drugs Market – By Geography
North America
U.S.
Canada
Mexico
Europe
U.K.
France
Germany
Italy
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Rest of Asia Pacific
ROW
Latin America
Middle East
Africa
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Geographic Analysis:
North America is expected to dominate the multiple myeloma drugs market during the forecastperiod in terms of market share. Growing incidences of blood cancer due to unhealthy lifestyles, rise in geriatric population, emergence in nanomedicine due to technological advancements are some of the key factors responsible for the growth of the market. Furthermore, increasing government investments in R&D activities on diagnosis management of myeloma disorders; presence of multiple major myeloma drug manufacturing companies and their efforts in developing novel products to treat multiple myeloma cancer further augment the market growth of myeloma drugs in the region. Europe is expected to be the second most dominant market for myeloma drugs during the forecast period. The surge in elderly population along with rising prevalence of myeloma is the major driving factor for the market growth in the region. In addition to that, increasing government funding and better healthcare infrastructure are also the major drivers attributing towards the market growth in the European region. The Asia Pacific region is estimated to be the fastest growing multiple myeloma drugs market in the upcoming years. A huge population base enhancing the chances of more number of people getting infected with multiple myeloma, increase in healthcare expenditure, and rising penetration of novel cancer drugs are some of the major reasons attributing towards the multiple myeloma drugs market growth in the APAC region. The ROW is expected to witness sluggish growth during the forecast period.
Competitive Scenario:
The key players operating in the global multiple myeloma drugs market are –
Johnson & Johnson, Onyx Pharmaceuticals, Pfizer, Novartis AG, Celgene Corporation, Bristol-Myers Squibb, Amgen Inc., Janssen Biotech Inc., Takeda Pharmaceuticals, GlaxoSmithKline Plc., Hoffman-La Roche Ltd., Juno Therapeutics, Genzyme Corporation.
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How will this Market Intelligence Report Benefit You?
The report offers statistical data in terms of value (US$) as well as Volume (units) till 2030.
Exclusive insight into the key trends affecting the Global Multiple Myeloma Drugs industry, although key threats, opportunities and disruptive technologies that could shape the Global Multiple Myeloma Drugs Market supply and demand.
The report tracks the leading market players that will shape and impact the Global Multiple Myeloma Drugs Market most.
The data analysis present in the Global Multiple Myeloma Drugs Market report is based on the combination of both primary and secondary resources.
The report helps you to understand the real effects of key market drivers or retainers on Global Multiple Myeloma Drugs Market business.
The 2021 Annual Global Multiple Myeloma Drugs Market offers:
100+ charts exploring and analysing the Global Multiple Myeloma Drugs Market from critical angles including retail forecasts, consumer demand, production and more
15+ profiles of top producing states, with highlights of market conditions and retail trends
Regulatory outlook, best practices, and future considerations for manufacturers and industry players seeking to meet consumer demand
Benchmark wholesale prices, market position, plus prices for raw materials involved in Global Multiple Myeloma Drugs Market type
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