Published On : 05 April, 2016
This article provides an overview about the global multiple myeloma (plasma cell cancer), treatment & drug market during the forecast period 2016-2027, there by offering insights on key present growth indicators and forecast indicators such as drivers, restrains, opportunities and trends, that are involved in shaping the market.
About Multiple Myeloma:
Multiple Myeloma is the type of the cancer that occurs in the plasma cells. In human body the plasma cells are responsible for producing the antibodies. In myeloma the abnormal plasma cells start accumulating into the bone marrow which hampers production of the regular body cells. Multiple myeloma can be diagnosed through the blood tests (serum protein electrophoresis, serum free kappa/lambda light chain assay), bone marrow examination, urine protein electrophoresis, and X-rays of commonly involved bones.
Multiple Myeloma is one of the most chronic diseases. It is considered as considered to be incurable but treatable. Its intensity can be reduced by steroids, chemotherapy, proteasome inhibitors, immunomodulatory drugs such as thalidomide or lenalidomide, and stem cell transplants.
Multiple Myeloma Market:
In last few years the multiple myeloma market has grown significantly as it had an impressive sale in the years 2013 & 2014 regardless of its relatively low incidence. Multiple Myeloma market is promises the significant revenue as compared with other oncology markets significant developments in the clinical practice. Since the last decade, there have been launches of effectual, treatments and drugs that are priced at premium due to their high cost and patents. These continual processes development in future is expected to drive multiple myeloma market 2023. However, there is still an untapped market potential of developing the treatment that will help to survive the multiple myeloma patients.
Multiple Myeloma Market by Geography:
The myeloma market is expected to be concentrated across the eight major countries such as US, Canada, France, UK, Germany, Spain, Italy, and, Japan. It will be primarily driven due to the rising multiple myeloma prevalence as a cause of the aging population.
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