(PharmaNewsWire.Com, August 14, 2017 ) Multiple myeloma is a cancer of the plasma cells located in the bone marrow. The exact cause of multiple myeloma is not known. Risk factors for multiple myeloma have not been properly established although researchers have suggested that genetic abnormalities, such as c-Myc genes or environmental exposures, may play a role. Symptoms of MM can include bone Pain, pathologic fractures, weakness, malaise, bleeding and anemia, infection, hypercalcemia, spinal cord compression, renal failures, and neuropathies.
The report presents a detailed analysis of multitude of factors affecting the multiple myeloma therapeutics market bearing either positive or negative outcomes. Some of those factors are
• Growing population • Rise in ageing population • Development of novel therapeutics • Absence of standard competition in major Asia Pacific countries • Evolving treatment techniques for multiple myeloma • High cost associated with the treatment of the disease
For granular level understanding the multiple myeloma Therapeutics market is segmented based on treatment type and drug type. By treatment type the market is further segmented into Chemotherapy and Targeted therapy. On the basis of Drug type the market is segmented into Corticosteroids and Immunomodulatory agents. Due to much lesser side effects faced during targeted therapy, it is growing at a much higher rate even though chemotheraphy market is currently dominating.
The Asia Pacific market has been geographically segmented into China, India, japan, South Korea, and Australia. China currently has the highest market share in the region, followed by India owing to the general state of the healthcare industry in the countries and the populations within them. Australia and Japan are predicted to grow at the fastest rates due to the increasing number of myeloma cases within them.
The major companies that have a wide product portfolio of treatment options available are Abbvie, Ablynx NV, Mirna Therapeutics, Redhill Biopharma, MimiVax LLC, Teva Pharmaceuticals, and Johnson and Johnson, to name a few. They have many products in their pipeline and are constantly seeking new technologies that would make treatment of cancers easier
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