Multiple Myeloma Treatment Market Growth Drives by Stem Cell-Based Therapies, Biological Drugs, Chemotherapy, Corticosteroids, Interferon, And Radiation Therapy | Latest Industry Brief 2019
Multiple Myeloma Treatment Market Overview
In recent years, Multiple Myeloma Treatment options have developed at a substantial rate. Moreover, novel multiple myeloma treatments are offering efficient survival rates among myeloma patients. Also, it is noted that the upcoming drug pipeline of multiple myeloma holds a lot of potentials, in addition to biological drugs as well as stem cell-based therapies which will be highly instrumental in the growth of the market in the near future.
As predicted by the report furnished by Market Research Future (MRFR), the Global Multiple Myeloma Treatment Market will be rising steadily at a lucrative CAGR of 11.0% during the forecast period from (2018–2023).
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Multiple Myeloma Treatment Market Segmentation
The global multiple myeloma treatment is segmented on the basis of treatment types and end users.
The market, based on the treatment types, is segmented into chemotherapy, corticosteroids, interferon, stem cell transplant, and radiation therapy. Chemotherapy is sub-segmented into bendamustine (treanda), cyclophosphamide (Cytoxan), doxorubicin (adriamycin), etoposide (vp-16), liposomal doxorubicin (Doxil), melphalan (Alkeran, evomela), vincristine (Oncovin).
The end users in the global multiple myeloma treatment market include hospitals, clinics, rehabilitative center treatment, independent pharmacies, and others.
Multiple Myeloma Treatment Market Competitive Landscape
The key vendors competing in the global multiple myeloma treatment market include
- Janssen Biotech Inc.
- Bristol-Myers Squibb Company
- Takeda Pharmaceuticals Millennium Pharmaceuticals
- Novartis AG
- Genzyme Corporation
- Juno Therapeutics
- Johnson & Johnson
- Novartis AG
- Celgene Corporation
- AbbVie Inc.
- Amgen Inc.
- Innate Pharma SA
- Celldex Therapeutics Inc.
- GlaxoSmithKline plc
- Pfizer
- Hoffmann-La Roche Ltd.
- Onyx Pharmaceuticals
- among others.
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Multiple Myeloma Treatment Market Regional Analysis
The flourishing market in the Americas is set to garner the top position in the global multiple myeloma treatment market during the assessment period, on account of the growing prevalence of blood cancer, unhealthy lifestyle, expanding geriatric population, augmented demand for biologic therapies, and the striking emergence of nanomedicine. In addition, the increasing incidences of cancer in the wake of the burgeoning aging population will bolster the market growth in the region. North America accounts for the maximum share of the global multiple myeloma treatment market, as a result of the surging investment by government in research and development activities for the diagnosis management of myeloma disorder.
Furthermore, the market in Europe is deemed to be the second-largest backed by government funding, coupled with the booming healthcare sector and the growing incidence of elderly patients. The increasing prevalence of myeloma disease is an additional factor promoting the growth of the regional market.
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