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According to the multiple myeloma drugs industry analysis, the global multiple myeloma drugs market will grow at a CAGR of over 9% between 2017 and 2021. The market is currently witnessing a paradigm shift towards the implementation of proteasome inhibitors as a key therapeutic strategy in the treatment of multiple myeloma. Cancer cells have higher levels of proteasome activity are more sensitive to the proapoptotic effects of proteasome inhibition than normal cells, which makes the proteasome a therapeutic target in multiple myeloma. Proteasome inhibitor treatment is preferred after there is a treatment failure with the conventional approach. With the approval of several new proteasome inhibitors, such as Johnson & Johnson's DARZALEX and Takeda Pharmaceuticals' NINLARO, it is expected that the multiple myeloma drugs market value will increase during the forecast period.
Based on the multiple myeloma drugs market insights, the lipid-based nanoparticles and polymer-based approaches for the drug delivery are gaining huge traction in this market, owing to several limitations of existing technologies. The nanotechnology approach allows much earlier diagnosis or treatment regimes and facilitates the delivery of drugs specifically to cancer cells by directing cellular events at the nanometer scale. One of the key clinical benefits of nanocarrier-based approach over conventional drugs is the precise delivery of several chemotherapeutic agents per recognition event. Also, the particulate nanocarriers and polymer conjugates augment the drug portfolio available to oncologists.
The global multiple myeloma drugs market is characterized by leading companies such as Celgene, Johnson & Johnson, Takeda Pharmaceuticals, Amgen, and Novartis. The advances in research activities and the launch of novel therapies are likely to increase the competition among vendors in the coming years. New players are actively launching drugs for multiple myeloma due to the high unmet medical needs in the market.
According to the multiple myeloma drugs market outlook, biological therapy drugs use the body's immune system to fight myeloma cells. The biologic therapies are primarily categorized into monoclonal antibodies and immune-modulating agents. These drugs boost the immune system cells that identify and attack cancer cells. The biologic therapies segment is anticipated to benefit from the growing preference among physician to implement biologics owing to their established clinical profile. Also, the approval of new monoclonal antibodies, such as DARZALEX and EMPLICITI, will further drive the growth of this market segment over the next four years. Some of the drugs include THALOMID (thalidomide), REVLIMID (lenalidomide), and POMALYST (pomalidomide).
The Americas led the global market for multiple myeloma drugs in 2016 and will continue its dominance in the market during the forecast period. The constant launch of novel therapies such as NINLARO, DARZALEX, and FARYDAK will considerably drive the growth of the market in the region over the next four years. Also, the label expansion of REVLIMID into new indications such as newly diagnosed multiple myeloma cases is another growth factor for this market in the Americas.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Disease overview
PART 06: Pipeline analysis
PART 07: Market landscape
PART 08: Market segmentation by therapy
PART 09: Geographical segmentation
PART 10: Market drivers
PART 11: Impact of drivers
PART 12: Market challenges
PART 13: Impact of drivers and challenges
PART 14: Market trends
PART 15: Vendor landscape
PART 16: Key vendor analysis
PART 17: Appendix
PART 18: Explore Technavio
Tags: myeloma cancer, plasma cell myeloma, cancer test, cancer surgery, healthcare market research, medical devices market trends,
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