Multiple Myeloma Therapeutic Market cover

Multiple Myeloma Therapeutic Market by Therapy Types (Stem Cell Transplant, Chemotherapy & Other Drugs [Immunomodulation Agents, Histone Deacetylase Inhibitors, Proteasome Inhibitors, Monoclonal Antibodies, Traditional Chemotherapy], Radiation, and Other Supportive Treatments), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: HC-2349
  • Author: Growth Market Reports
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  • No. Of Pages: 193
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The global multiple myeloma therapeutic market size is anticipated to register a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the unavailability of efficient medication and increasing prevalence of the multiple myeloma condition along with rising geriatric population.

Multiple Myeloma Therapeutic Market summary

As per a report by the American Cancer Society (ACS), multiple myeloma is a malignancy of plasma cells, which denotes a condition in which plasma cells become malignant and expand out of control. Monoclonal immunoglobulin, monoclonal protein, and para protein or M- spike are various names for an abnormal protein or antibody produced by plasma cells. Myeloma incidence is significantly linked to age, with older adults having the greatest rates and being diagnosed most frequently between the ages of 65 to 74. Many researchers all around the world are still working on finding exact causes of multiple myeloma. However, researchers have made progress in understanding how particular deoxyribonucleic acid (DNA) alterations might cause plasma cells to become malignant. DNA is the molecule that transmits the instructions for all of the body's functions to the cells. Patients with active myeloma are usually treated with the objective of minimizing or at least alleviating symptoms and decreasing the amount of myeloma cells in the bone marrow.

Due to the COVID-19 pandemic outbreak, the multiple myeloma therapeutics treatment market is substantially impacted. However, all major precautions are taken to treat myeloma patients, followed by prescribed guidelines. Alternatively, patients are encouraged telemedicine consultation for follow-ups, and hospitals & clinics are minimizing the contacts between patients & staffs for the treatment.

Market Trends, Drivers, Restraints, and Opportunities

  • Increasing R&D by market leaders for the improvement of various therapies is expected to fuel the market growth.
  • Rising number of efficient product launches and government initiatives is propelling the market growth in coming years.
  • Formation of regulations from regulatory bodies encouraging for the development of new drugs for multiple myeloma are estimated to propel the market.
  • Increasing expenditures and high cost investment in the treatment procedure are some of the major restraining factors hampering the market growth.
  • Early stage approval from regulatory bodies for myeloma therapeutic drugs is projected to be a great opportunity for pharmaceutical companies in near future. This is estimated to upsurge the market growth.

Scope of the Report

The report on the global multiple myeloma therapeutic market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Multiple Myeloma Therapeutic Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Therapy Types (Stem Cell Transplant, Chemotherapy & Other Drugs [Immunomodulation Agents, Histone Deacetylase Inhibitors, Proteasome Inhibitors, Monoclonal Antibodies, Traditional Chemotherapy], Radiation, and Other Supportive Treatments)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Amgen, Inc.; Autolus Therapeutics, Inc.; bluebird bio; AbbVie, Inc.; Celgene Corp.;  Bristol-Myers Squibb Co.; ImmunoGen, Inc.; Karyopharm Therapeutics, Inc.; GlaxoSmithKline plc.; Merck & Co.; Nanjing Legend Pharmaceutical & Chemical Co. Ltd.; Johnson & Johnson; Oncopeptides AB; Ono Poseida Therapeutics, Inc.; Pharmaceutical Co. Ltd.; F. Hoffmann-La Roche AG; Takeda Pharmaceutical Co. Ltd.; and Sanofi S.A.

Market Segment Insights

Chemotherapy & other drugs segment is projected to expand at a considerable CAGR

On the basis of therapy types, the global multiple myeloma therapeutic market is segregated as stem cell transplant, chemotherapy & other drugs, radiation, and other supportive treatments. The chemotherapy & other drugs segment is further divided into immunomodulation agents, histone deacetylase (HDAC) inhibitors, proteasome inhibitors, monoclonal antibodies, and traditional chemotherapy. The chemotherapy & other drugs segment is projected to expand at a considerable CAGR during the forecast period attributed to unavailability of alternatives and limitations of surgical treatment procedures. Furthermore, many pipeline medications are currently undergoing phase III clinical trials with excellent clinical outcomes, which is estimated to spur the segment growth in the coming years.

Multiple Myeloma Therapeutic Market type

However, chemotherapy and other drugs were dominated by immunomodulation agents, while monoclonal antibodies are projected to expand at a substantial CAGR. Traditional chemotherapy, immunomodulation medicines, proteasome inhibitors, Histone deacetylase (HDAC) inhibitors, and monoclonal antibodies are all included in the chemotherapy and other drugs segment.

North America is anticipated to constitute a key market share

In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to constitute a key market share during the forecast period owing to the well- established key companies and growing adoption for newer treatment alternatives. Furthermore, rising demand for advanced technologies, strong healthcare infrastructure and increasing patient awareness level as well as growing cases of multiple myeloma are fueling the market growth in the region. In 2020, the US had accounted for 32,270 cases that is expected to rise substantially in the coming years. Meanwhile, Germany had a wide prevalence of the disease cases among the EU-5 nations in 2020. In 2020, there were 21,116 incident cases of multiple myeloma in China, and this number is projected to up surge during the forecast period.

Multiple Myeloma Therapeutic Market region

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Multiple Myeloma Therapeutic Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Multiple Myeloma Therapeutic Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Multiple Myeloma Therapeutic Market - Supply Chain
  4.5. Global Multiple Myeloma Therapeutic Market Forecast
     4.5.1. Multiple Myeloma Therapeutic Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Multiple Myeloma Therapeutic Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Multiple Myeloma Therapeutic Market Absolute $ Opportunity
5. Global Multiple Myeloma Therapeutic Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Multiple Myeloma Therapeutic Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Multiple Myeloma Therapeutic Demand Share Forecast, 2019-2026
6. North America Multiple Myeloma Therapeutic Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Multiple Myeloma Therapeutic Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Multiple Myeloma Therapeutic Demand Share Forecast, 2019-2026
7. Latin America Multiple Myeloma Therapeutic Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Multiple Myeloma Therapeutic Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Multiple Myeloma Therapeutic Demand Share Forecast, 2019-2026
8. Europe Multiple Myeloma Therapeutic Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Multiple Myeloma Therapeutic Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Multiple Myeloma Therapeutic Demand Share Forecast, 2019-2026
9. Asia Pacific Multiple Myeloma Therapeutic Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Multiple Myeloma Therapeutic Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Multiple Myeloma Therapeutic Demand Share Forecast, 2019-2026
10. Middle East & Africa Multiple Myeloma Therapeutic Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Multiple Myeloma Therapeutic Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Multiple Myeloma Therapeutic Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Multiple Myeloma Therapeutic Market: Market Share Analysis
  11.2. Multiple Myeloma Therapeutic Distributors and Customers
  11.3. Multiple Myeloma Therapeutic Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Amgen, Inc.
     11.4.2. Autolus Therapeutics, Inc.
     11.4.3. bluebird bio
     11.4.4. AbbVie, Inc.
     11.4.5. Celgene Corp.
     11.4.6. Bristol-Myers Squibb Co.
     11.4.7. ImmunoGen, Inc.
     11.4.8. Karyopharm The

Segments Covered in the Report

The global multiple myeloma therapeutic market has been segmented on the basis of

Therapy Types

  • Stem Cell Transplant
  • Chemotherapy & Other Drugs
    • Immunomodulation Agents
    • Histone Deacetylase (HDAC) Inhibitors
    • Proteasome Inhibitors
    • Monoclonal Antibodies
    • Traditional Chemotherapy
  • Radiation
  • Other Supportive Treatments

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • Amgen, Inc.
  • Autolus Therapeutics, Inc.
  • bluebird bio
  • AbbVie, Inc.
  • Celgene Corp.
  • Bristol-Myers Squibb Co.
  • ImmunoGen, Inc.
  • Karyopharm Therapeutics, Inc.
  • GlaxoSmithKline plc.
  • Merck & Co.
  • Nanjing Legend Pharmaceutical & Chemical Co. Ltd.
  • Johnson & Johnson
  • Oncopeptides AB
  • Ono Poseida Therapeutics, Inc.
  • Pharmaceutical Co. Ltd.
  • F. Hoffmann-La Roche AG
  • Takeda Pharmaceutical Co. Ltd.
  • Sanofi S.A.

Some of the major players competing in market are Amgen, Inc.; Autolus Therapeutics, Inc.; bluebird bio; AbbVie, Inc.; Celgene Corp.; Bristol-Myers Squibb Co.; ImmunoGen, Inc.; Karyopharm Therapeutics, Inc.; GlaxoSmithKline plc; Merck & Co.; Nanjing Legend Pharmaceutical & Chemical Co. Ltd.; Johnson & Johnson; Oncopeptides AB; Ono Poseida Therapeutics, Inc.; Pharmaceutical Co. Ltd.; F. Hoffmann-La Roche AG; Takeda Pharmaceutical Co. Ltd.; and Sanofi S.A. To expand their market reach, major market players are engaged in innovation and development of new products. Market players are stepping into merger & acquisitions, licensing partnerships, and co-development to stay ahead in the market competition.

As per Janssen Pharmaceutical Companies of Johnson & Johnson, the US Food and Drug Administration (FDA) has granted a therapy designation for teclistamab in the treatment of relapsed multiple myeloma. This distinction for teclistamab, an off-the-shelf, T-cell redirection, bispecific antibody that targets both CD3 receptor, and B-cell maturation antigen (BCMA), comes on the heels of the European Medicines Agency (EMA) PRIME designation earlier this year. Furthermore, the biologics license applications for ciltacabtagene autoleucel for the treatment of patients with refractory multiple myeloma were given a priority review by the FDA in May 2021.

Multiple Myeloma Therapeutic Market keyplayers

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