Press release
Multiple Myeloma Drugs Market Demand, Key Players, SWOT Analysis And Forecast 2022-2027
Multiple Myeloma Drugs
Multiple myeloma, also known as Kahler's disease, is a form of blood cancer that generally affects malignant plasma cells. They are formed from abnormal cells that travel through the circulatory system, bloodstream, and lymphatic system. The plasma cells become cancerous and produce a tumor called plasmacytoma that prevents the bone marrow from producing healthy blood cells. They are mainly treated by myeloma drugs that various anthracycline antibiotics and alkylating agents, such as doxorubicin, liposomal doxorubicin, melphalan, and doxorubicin. These drugs work by promoting bone healing while preventing bone fractures, anemia, spinal cord compression, and hypercalcemia. Some of the other common types of multiple myeloma drugs available are corticosteroids, immunomodulatory and chemotherapeutic agents.
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Global Industry Growth:
The increasing prevalence of blood cancer among the masses majorly drives the global market. This is supported by the growing demand for multiple myeloma drugs among the older population, as they are more prone to these diseases. Along with this, the escalating product demand to modulate the immune system and improve the efficiency of radiation therapies, platelet transfusion, chemotherapies, and stem cell transplants is significantly supporting the market growth. Besides this, the growing consumer awareness associated with the benefits of biological therapy drugs is also propelling the market growth. Moreover, the development of nanomedicines and microRNA therapeutics for the treatment of multiple myeloma is creating a positive market outlook. Some other factors driving the market include extensive research and development (R&D) activities and significant developments in the healthcare sector.
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Key Market Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players. Some of these players include Amgen Inc., Bristol Myers Squibb, Daiichi Sankyo Co., Ltd., Sanofi-Aventis Groupe (Genzyme Corporation), Johnson & Johnson Services, Inc., Merck & Co., Inc., Novartis International AG, Pfizer Inc., PHARMA MAR, S.A., Takeda Pharmaceutical Company Limited., and Teva Pharmaceutical Industries Ltd.
Breakup by Therapy:
• Targeted Therapy
• Biologic Therapy
• Chemotherapy
• Others
Breakup by Drug Type:
• Immunomodulatory Drugs
• Proteasome Inhibitors
• Histone Deacetylase Inhibitors
• Monoclonal Antibody Drugs
• Steroids
• Others
Breakup by End-User:
• Men
• Women
Breakup by Distribution Channel:
• Hospital Pharmacies
• Retail Pharmacies
• Online Pharmacies
• Others
Breakup by Region:
• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
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