(2023-2028) Multiple Myeloma Drugs Market Size, Demand, Top Companies Share and Forecast Report

According to the latest report by IMARC Group, titled "Multiple Myeloma Drugs Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," The global multiple myeloma drugs market size reached US$ 21.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 29.6 Billion by 2028, exhibiting a growth rate (CAGR) of 6.3% during 2023-2028.

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Multiple Myeloma Drugs Market Overview:

Multiple myeloma is a form of blood cancer that primarily affects the plasma cells. It is caused by specific genetic abnormalities and is one of the most prevalent forms of blood cancer. It has no cure but can be treated efficiently by using proper therapeutics. Some commonly used pharmaceutical drugs include corticosteroids, chemotherapeutic agents, and immunomodulatory agents. These drugs aid in promoting bone healing and prevent hypercalcemia, spinal cord compression, bone fracture, and anemia while minimizing the need for chemotherapy. Multiple myeloma drugs have gained immense traction across the healthcare sector as they minimize the need for chemotherapy and aid in improving patients' longevity and quality of life.

Global Multiple Myeloma Drugs Industry Growth Analysis:

The rising incidence of multiple myeloma is driving the global market. Along with this, the growing awareness regarding the benefits and effectiveness of biological therapy drugs in using the immune system of patients to detect and attack myeloma cells is catalyzing the market.

Besides, several leading players are introducing microRNA therapeutics and nanomedicines to facilitate the delivery of macromolecular agents into the bone marrow and trigger antitumor responses, thus providing a boost to the demand.

Additionally, numerous non-governing agencies are heavily investing in research and development (R&D) projects and clinical trials, which in turn is creating a positive market outlook. Other factors, including rising healthcare expenditures and extensive research and development (R&D) activities, are also influencing the market.

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Key Market Segmentation:

Top Multiple Myeloma Drugs Companies Worldwide:

• 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.
• 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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This release was published on openPR.