Multiple Myeloma Drugs Market 2018 - Novel Targeted Therapy Segment Is Expected To Fuel The Market Growth By 2026 Explore By Top Players Novartis, Johnson & Johnson, Elgene, Takeda Pharmaceuticals, Amgen

Multiple Myeloma is a form of cancer formed by malignant plasma cells. Malignant tumors are formed from highly unstable abnormal cells travelling via the blood stream, circulatory system, and lymphatic system. The plasma cells become cancerous and vigorously proliferative, producing tumor called plasmacytoma that prevents the bone marrow from producing healthy blood cells and immunoglobulins. The formation and proliferation of myeloma cells result in fewer leukocyte, erythrocyte, and platelet cell formation causing a damaged immune system. Gastrointestinal problems, enlarged organs, kidney damage, rapid weight loss, bone pain, and fever are some of the common symptoms of multiple myeloma. Multiple myeloma is considered to be the third most common blood cancer followed by lymphoma and leukemia.

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Introduction of monoclonal antibodies with safety profile to fight myeloma cells is expected to drive the multiple myeloma drugs market

The increasing microRNA therapeutics, nanomedicine platform emergence, and constant introduction of effective and safe therapeutics drives the growth of multiple myeloma drugs market. The drugs market is expected to gain momentum with the addition 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. Additionally, the supportive treatment demand for restoration procedures including point of care technologies, approved safety profile and efficiency of monoclonal antibodies is expected to broaden the drug treatment received by the patients.

Novel targeted therapy segment is expected to fuel the multiple myeloma drugs market

The global multiple myeloma drugs market is segmented on the basis of technology, diagnosis, surgery, end user and geography.

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

On the basis of distribution channel, the global multiple myeloma drugs market is segmented into:

• Hospital Pharmacy
• Retail Pharmacy
• ePharmacies

Global Top Key Players -

Launching drugs due to high unmet medical needs of patients is a strategy adopted by key players
Key players operating the global multiple myeloma drugs market include,

1. Novartis
2. Johnson & Johnson
3. Elgene
4. Takeda Pharmaceuticals
5. Amgen

The strategies adopted by the key players include advances in research activities, the launch of novel therapies specific for effective treatment due to unmet medical needs increase the competition among vendors. Other leading vendors include

6. Acceleron Pharma
7. Bristol-Meyer Squibb
8. Sanofi
9. GlaxoSmithKline
10. Merck

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