Egypt Multiple Myeloma Therapeutics Market Analysis

Egypt Multiple Myeloma Therapeutics Market Analysis


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Egypt's multiple myeloma therapeutics market was valued at $23 Bn in 2022 and is estimated to expand at a CAGR of 6% from 2022 to 2030 and will reach $37 Bn in 2030. One of the main reasons propelling the growth of this market is growing awareness and diagnosis, technological advancements. The market is segmented by type, drug, and distribution channel. Some key players in this market are EIPICO, Amoun Pharmaceutical Company, Pharco Pharmaceuticals, Delta Pharma, MEMI Pharmaceuticals, and others.

ID: IN10EGPH493 CATEGORY: Rare Diseases GEOGRAPHY: Egypt AUTHOR: Nandini Shah

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Egypt Multiple Myeloma Therapeutics Market Executive Summary

The Egypt Multiple Myeloma Therapeutics Market was valued at $23 Bn in 2022 and is estimated to expand at a CAGR of 6% from 2022 to 2030 and will reach $37 Bn in 2030. Egypt is one of the largest markets for multiple myeloma therapeutics in the Middle East and North Africa (MENA) region. The market is characterized by a growing demand for novel and innovative therapies, especially with the increasing prevalence of multiple myeloma in the country. The Egyptian multiple myeloma therapeutics market is expected to grow significantly over the forecast period, driven by factors such as increasing investments in healthcare infrastructure, rising disposable income, and an aging population.

egypt multiple myeloma therapeutics market analysis

Market Dynamics

Market Growth Drivers

The prevalence of multiple myeloma is increasing in Egypt due to several factors, such as the aging population and exposure to certain chemicals. This is expected to drive the demand for multiple myeloma therapeutics in the country. The awareness about multiple myeloma is increasing in Egypt, which is leading to more patients being diagnosed at an early stage. This is expected to drive the demand for multiple myeloma therapeutics in the country. The development of new and advanced therapies for multiple myeloma, such as immunotherapies and targeted therapies, is expected to drive the growth of the multiple myeloma therapeutics market in Egypt. The Egyptian government has launched several initiatives to improve the healthcare infrastructure and services in the country. This is expected to increase the availability and accessibility of multiple myeloma therapeutics in the country. Healthcare expenditure in Egypt has been increasing in recent years, which is expected to drive the demand for multiple myeloma therapeutics in the country.

Market Restraints

The healthcare infrastructure in Egypt is not well developed, and this can pose a challenge for the diagnosis and treatment of multiple myeloma. Patients in Egypt may not have access to the latest and most innovative therapies due to regulatory and financial barriers. There may be a lack of awareness and education about multiple myeloma among patients and healthcare providers, leading to delayed diagnosis and treatment. The cost of multiple myeloma treatment in Egypt may be high, making it difficult for some patients to access the necessary care. There may be a shortage of skilled healthcare providers, such as hematologists and oncologists, who specialize in the treatment of multiple myeloma. The political instability in Egypt may affect the healthcare system, leading to disruptions in the supply chain of drugs and medical equipment.

Competitive Landscape

Key Players

  • EIPICO: EIPICO is a leading Egyptian pharmaceutical company that offers a wide range of products, including multiple myeloma therapeutics. The company has a strong presence in the Egyptian market and has been operating for over 50 years
  • Amoun Pharmaceutical Company
  • Pharco Pharmaceuticals
  • Delta Pharma
  • MEMI Pharmaceuticals

Healthcare Policies and Regulatory Landscape

In Egypt, the Ministry of Health and Population is responsible for regulating and overseeing the healthcare sector, including the approval and regulation of pharmaceutical products. The Central Administration of Pharmaceutical Affairs (CAPA) is the body responsible for the registration and licensing of drugs, including those used in the treatment of multiple myeloma. In recent years, Egypt has implemented a number of healthcare reforms aimed at improving the quality and accessibility of healthcare services. These reforms include the introduction of a universal health insurance system and the expansion of healthcare facilities in underserved areas.

Reimbursement Scenario

The healthcare system in Egypt is mainly divided into two sectors: the public sector, which provides free or low-cost healthcare services to the majority of the population, and the private sector, which offers more specialized and expensive medical services to those who can afford it. The government has implemented a number of initiatives to improve healthcare services, including the introduction of universal health insurance, the expansion of primary healthcare centers, and the establishment of new hospitals and clinics. However, the healthcare system in Egypt faces several challenges, including a shortage of healthcare providers, inadequate healthcare infrastructure, and limited financial resources.

In terms of reimbursement for multiple myeloma therapeutics, the Egyptian government provides some coverage for cancer treatment through the National Cancer Institute, which is a specialized hospital that offers cancer treatment services to patients free of charge. However, the availability of cancer treatments in Egypt is limited, and many patients may need to travel abroad to receive the latest and most effective treatments.

Private health insurance is also available in Egypt, but it is primarily used by higher-income individuals and does not typically cover the full cost of cancer treatment. As a result, many patients may face financial hardship when seeking treatment for multiple myeloma.

1. Executive Summary
1.1 Disease Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Patient Journey
1.6 Health Insurance Coverage in Country
1.7 Active Pharmaceutical Ingredient (API)
1.8 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Epidemiology of Disease
2.2 Market Size (With Excel & Methodology)
2.3 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Egypt Multiple Myeloma Therapeutics Market Segmentation

By Treatment

  • Chemotherapy
  • Immunotherapy
  • Targeted therapy
  • Radiation therapy
  • Stem cell transplant

By Distribution Channel

  • Hospitals
  • Retail
  • Online

By End User (Revenue, USD Bn):

  • Hospitals
  • Clinics
  • Cancer Research Centers

By Drug Class

Immunomodulatory Drugs (IMiDs)

One of the most common therapies used to treat myeloma is immunomodulatory drugs or IMiDs. These drugs work by modifying the immune system to attack myeloma cells and have been a significant advance in the treatment of multiple myeloma. Some of the commonly used IMiDs in multiple myeloma include:

  • Lenalidomide (Revlimid): Lenalidomide is an oral medication that is used in the treatment of multiple myeloma, as well as other blood cancers such as myelodysplastic syndromes (MDS). It may help the immune system in eliminating cancerous or abnormal blood cells. Moreover, it might stop the development of new blood vessels that tumors require to expand
  • Pomalidomide (Pomalyst): Pomalidomide is an oral medication that is used to treat multiple myeloma. It works in a similar way to lenalidomide, by enhancing the immune system's ability to target cancer cells. Also, it makes it easier for immune cells to eliminate faulty myeloma cells, aiding in the production of healthy blood cells in the myeloma
  • Thalidomide (Thalomid): Thalidomide was the first IMiD to be used in the treatment of multiple myeloma. It works by modulating the immune system and preventing the growth of blood vessels that supply the tumor
  • CC- 4047 (Actimid): CC-4047 is a newer IMiD that is still under investigation for the treatment of multiple myeloma. It works by inhibiting the growth of cancer cells and promoting their death

Proteasome Inhibitors

Proteasome inhibitors are a class of drugs that are commonly used in the treatment of multiple myeloma. They work by blocking the activity of proteasomes, which are cellular structures that break down proteins. This leads to the accumulation of proteins within the myeloma cells, ultimately causing their death. Some proteasome inhibitors used in multiple myeloma include:

  • Bortezomib (Velcade): Bortezomib was the first proteasome inhibitor approved for the treatment of multiple myeloma. It is given by injection and is often used in combination with other drugs, such as chemotherapy or immunomodulatory drugs. Bortezomib is highly effective in inducing remissions in newly diagnosed and relapsed/refractory multiple myeloma patients
  • Carfilzomib (Kyprolis): Carfilzomib is a newer proteasome inhibitor that is approved for the treatment of multiple myeloma. It is given by injection and can be used as a single agent or in combination with other drugs. Carfilzomib has shown excellent results in heavily pretreated patients with relapsed/refractory multiple myeloma
  • Ixazomib (Ninlaro): Ixazomib is an oral proteasome inhibitor that is approved for use in combination with lenalidomide and dexamethasone for the treatment of multiple myeloma. It is the first oral proteasome inhibitor and offers the convenience of home administration

Monoclonal Antibodies:

Monoclonal antibodies, target specific proteins on the surface of myeloma cells, causing them to be destroyed by the immune system. Some of the commonly used monoclonal antibodies in multiple myeloma include:

  • Daratumumab (Darzalex): Daratumumab is a monoclonal antibody that targets a protein called CD38, which is highly expressed on the surface of myeloma cells. By binding to CD38, daratumumab triggers the immune system to attack and destroy cancer cells. It is approved for use in multiple myeloma in combination with other drugs, such as lenalidomide or bortezomib.
  • Elotuzumab (Empliciti): Elotuzumab is a monoclonal antibody that targets a protein called SLAMF7, which is also expressed on the surface of myeloma cells. By binding to SLAMF7, elotuzumab enhances the immune system's ability to attack cancer cells. It is approved for use in combination with lenalidomide and dexamethasone for the treatment of multiple myeloma.
  • Isatuximab (Sarclisa): Isatuximab is a monoclonal antibody that targets a protein called CD38, similar to daratumumab. By binding to CD38, isatuximab triggers the immune system to attack and destroy cancer cells. It is approved for use in combination with pomalidomide and dexamethasone for the treatment of multiple myeloma.

Chemotherapy Drugs

Chemotherapy drugs work by killing rapidly dividing cells, including cancer cells. Chemotherapy is often used in combination with other drugs, such as steroids, immunomodulatory drugs, or proteasome inhibitors, to improve their effectiveness. Here are some chemotherapy drugs used in multiple myeloma:

  • Melphalan: Melphalan is an alkylating agent that is commonly used in the treatment of multiple myeloma. It is used as a preventative measure before having a stem cell transplant to treat multiple myeloma. It works by damaging the DNA of cancer cells, leading to their death. Melphalan is often used in combination with other drugs, such as prednisone, to treat newly diagnosed multiple myeloma.
  • Cyclophosphamide: Cyclophosphamide works by damaging the DNA of cancer cells, leading to their death. Cyclophosphamide is often used in combination with other drugs, such as dexamethasone, to treat relapsed or refractory multiple myeloma. Cyclophosphamide inhibits cancer cell proliferation, causing the body to kill the cancer cells.
  • Doxorubicin: Doxorubicin works by inhibiting the synthesis of DNA and RNA, leading to the death of cancer cells. Doxorubicin is often used in combination with other drugs, such as bortezomib or dexamethasone, to treat newly diagnosed or relapsed/refractory multiple myeloma. Doxorubicin belongs to the anthracycline class of chemotherapeutic drugs, which also includes daunorubicin, idarubicin, and epirubicin.
  • Etoposide: Etoposide is a topoisomerase inhibitor chemotherapy drug that is used in the treatment of multiple myeloma. It works by inhibiting the activity of topoisomerase enzymes, which are necessary for DNA replication and repair. Etoposide is often used in combination with other drugs, such as cisplatin, to treat relapsed or refractory multiple myeloma. It works by reducing or preventing cancer cell proliferation in your body.

Steroids

Steroids such as dexamethasone and prednisone are often used in combination with other drugs to treat multiple myeloma. They can reduce inflammation, suppress the immune system, and promote the death of myeloma cells.

  • Dexamethasone: Dexamethasone works by reducing inflammation and suppressing the immune system. Dexamethasone is often used in combination with other drugs to treat relapsed or refractory multiple myeloma.
  • Prednisone: Prednisone works by suppressing the immune system and reducing inflammation. Prednisone is often used in combination with other drugs, such as chemotherapy, to treat newly diagnosed multiple myeloma.
  • Methylprednisolone: Methylprednisolone is a steroid that is similar to prednisone and is also used in the treatment of multiple myeloma. It works by suppressing the immune system and reducing inflammation. Methylprednisolone is often used in combination with other drugs to treat relapsed or refractory multiple myeloma.

Steroids are effective in reducing inflammation and suppressing the immune system, which can help to control the growth of myeloma cells. However, they can have side effects, such as weight gain, mood changes, and increased risk of infection, so their use needs to be carefully monitored.

Others

Other drug classes used to treat multiple myeloma include:

  • Histone deacetylase inhibitors - A new class of cytostatic drugs that suppress tumor cell proliferation in vitro and in vivo by inducing cell cycle arrest, differentiation, and/or apoptosis
  • Immune checkpoint inhibitors - Checkpoint proteins are produced by some immune system cells, such as T cells, as well as some cancer cells. These checkpoints prevent too-aggressive immune responses and, in some cases, prevent T cells from destroying cancer cells
  • Targeted & therapies - Proteasome inhibitors are one type of targeted therapy for multiple myeloma. Proteasome inhibitors include bortezomib (Velcade), carfilzomib (Kyprolis), and ixazomib (Ninlaro). They target proteasomes, which are enzymes that break down proteins in cells

Methodology for Database Creation

Our database offers a comprehensive list of healthcare centers, meticulously curated to provide detailed information on a wide range of specialties and services. It includes top-tier hospitals, clinics, and diagnostic facilities across 30 countries and 24 specialties, ensuring users can find the healthcare services they need.​

Additionally, we provide a comprehensive list of Key Opinion Leaders (KOLs) based on your requirements. Our curated list captures various crucial aspects of the KOLs, offering more than just general information. Whether you're looking to boost brand awareness, drive engagement, or launch a new product, our extensive list of KOLs ensures you have the right experts by your side. Covering 30 countries and 36 specialties, our database guarantees access to the best KOLs in the healthcare industry, supporting strategic decisions and enhancing your initiatives.

How Do We Get It?

Our database is created and maintained through a combination of secondary and primary research methodologies.

1. Secondary Research

With many years of experience in the healthcare field, we have our own rich proprietary data from various past projects. This historical data serves as the foundation for our database. Our continuous process of gathering data involves:

  • Analyzing historical proprietary data collected from multiple projects.
  • Regularly updating our existing data sets with new findings and trends.
  • Ensuring data consistency and accuracy through rigorous validation processes.

With extensive experience in the field, we have developed a proprietary GenAI-based technology that is uniquely tailored to our organization. This advanced technology enables us to scan a wide array of relevant information sources across the internet. Our data-gathering process includes:

  • Searching through academic conferences, published research, citations, and social media platforms
  • Collecting and compiling diverse data to build a comprehensive and detailed database
  • Continuously updating our database with new information to ensure its relevance and accuracy

2. Primary Research

To complement and validate our secondary data, we engage in primary research through local tie-ups and partnerships. This process involves:

  • Collaborating with local healthcare providers, hospitals, and clinics to gather real-time data.
  • Conducting surveys, interviews, and field studies to collect fresh data directly from the source.
  • Continuously refreshing our database to ensure that the information remains current and reliable.
  • Validating secondary data through cross-referencing with primary data to ensure accuracy and relevance.

Combining Secondary and Primary Research

By integrating both secondary and primary research methodologies, we ensure that our database is comprehensive, accurate, and up-to-date. The combined process involves:

  • Merging historical data from secondary research with real-time data from primary research.
  • Conducting thorough data validation and cleansing to remove inconsistencies and errors.
  • Organizing data into a structured format that is easily accessible and usable for various applications.
  • Continuously monitoring and updating the database to reflect the latest developments and trends in the healthcare field.

Through this meticulous process, we create a final database tailored to each region and domain within the healthcare industry. This approach ensures that our clients receive reliable and relevant data, empowering them to make informed decisions and drive innovation in their respective fields.

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Last updated on: 27 September 2023
Updated by: Bhanu Pratap Singh

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