US Multiple Myeloma Therapeutics Market Analysis

US Multiple Myeloma Therapeutics Market Analysis


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US multiple myeloma therapeutics market is projected to grow from $xx Mn in 2023 to $xx Mn by 2030, registering a CAGR of xx% during the forecast period of 2023-30. The increased prevalence of the illness, new technologies, and improved healthcare systems are a few of the elements boosting the revenue of the worldwide multiple myeloma market. Major global players in this market are Teva Pharmaceutical Industries Ltd. Takeda Pharmaceutical Company Limited Genentech Inc. (F. Hoffmann-La Roche Ltd) Novartis AG Celgene Corporation (Bristol Myers Squibb Company) Janssen Pharmaceuticals Inc. (Johnson & Johnson) AbbVie Inc. Ono Pharmaceutical Co. Ltd. Sanofi S.A. Pfizer Inc. Merck & Co. Inc. Eli Lilly and Company Cipla Inc

ID: IN10USRD046 CATEGORY: Rare Diseases GEOGRAPHY: US AUTHOR: Gaurav Bhongale

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US Multiple Myeloma Therapeutics Market Analysis Summary

US Multiple Myeloma Therapeutics Market is valued at around $3.49 Bn in 2022 and is projected to reach $4.35 Bn by 2030, exhibiting a CAGR of 2.8% during the forecast period 2023-2030.

Malignant tumors that form from highly unstable aberrant cells that migrate throughout the lymphatic, circulatory, and circulation are what causes multiple myeloma. One of the most common blood malignancies in the world, multiple myeloma, is distinguished by aberrant plasma cell proliferation in the bone marrow. The increased prevalence of the illness, new technologies, and improved healthcare systems are a few of the elements boosting the revenue of the worldwide multiple myeloma market. Major global players in Multiple Myeloma Therapeutics Market are Teva Pharmaceutical Industries Ltd. Takeda Pharmaceutical Company Limited Genentech Inc. (F. Hoffmann-La Roche Ltd) Novartis AG Celgene Corporation (Bristol Myers Squibb Company) Janssen Pharmaceuticals Inc. (Johnson & Johnson) AbbVie Inc. Ono Pharmaceutical Co. Ltd. Sanofi S.A. Pfizer Inc. Merck & Co. Inc. Eli Lilly and Company Cipla Inc

Market Dynamics

Market Growth Drivers

The rising incidence of multiple myeloma and other blood malignancies is one of the major factors influencing the global market. Since MM accounts for a sizeable portion of cancer occurrences worldwide while being a less common cancer form, the necessity for effective and cutting-edge therapy is expanding. Also Expanding the market will be aided by more products being introduced for multiple myeloma.

Market Restraints

There are several restrictions that restrict the use of these cutting-edge medicines, despite the fact that blood cancers like multiple myelomas are on the rise globally and are particularly common in developing countries. The low treatment rates in developing nations, which are a result of the high costs of several treatments, are one of the main reasons hindering the market's growth. Due to high prices, a higher percentage of patients are unable to adopt complex therapies, which results in a smaller population of patients adopting a therapy.

Key players

Amgen Inc. Johnson & Johnson Bristol Myers Squibb Company Takeda Pharmaceutical Company Limited AbbVie Inc. Merck & Co., Inc. Novartis AG GlaxoSmithKline plc Celgene Corporation Janssen Pharmaceutical Companies

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

US Multiple Myeloma Therapeutics Market Segmentation

By Type

  • Smouldering Multiple Myeloma
  • Active Multiple Myeloma

By Treatment

  • Medications
    • Proteasome Inhibitors
  • Bortezomib
  • Ixazomib
  • Carfilzomib
    • Histone Deacetylase (HDAC) Inhibitors?

By Immunotherapy Drugs

  • Lenalidomide
  • Thalidomide
  • Pomalidomide

By Corticosteroids

  • Dexamethasone
  • Prednisone

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: 04 July 2023
Updated by: Riya Doshi

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