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Multiple Myeloma Therapeutics Market Trends

  • Report ID: GMI11123
  • Published Date: Aug 2024
  • Report Format: PDF

Multiple Myeloma Therapeutics Market Trends

The expansion of the market is significantly propelled by advancements in diagnostic technologies. Continuous innovation and refinement in diagnostic tools have greatly improved the ability to detect multiple myeloma at earlier stages, leading to an increase in diagnosed cases. This surge in early detection has amplified the demand for therapeutic options, thereby driving market growth. Moreover, increased awareness among healthcare professionals and patients, coupled with the availability of cutting-edge diagnostic tools, has led to more widespread screening and diagnosis of multiple myeloma.
 

This trend is crucial as it helps identify cases that were previously undiagnosed or diagnosed at a later stage, thus expanding the market for multiple myeloma treatments. Furthermore, technological advancements such as next-generation sequencing (NGS), liquid biopsies, digital health platforms, and AI-powered diagnostic tools are making multiple myeloma screening more accurate and accessible, even in remote and underserved regions. These tools not only streamline the diagnostic process but also ensure that patients receive timely and appropriate care, further accelerating the growth of the market.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Multiple myeloma therapeutics industry size was USD 25.4 billion in 2023 and will demonstrate a 6.4% CAGR from 2024 to 2032, owing to rising incidence rates and advancements in treatment options.

The targeted therapy segment recorded USD 8.7 billion in 2023, attributed to its precision in addressing specific cancer cells.

North America multiple myeloma therapeutics industry will reach USD 20.4 million by 2032, driven by high incidence rates and strong emphasis on early diagnosis and innovative treatments.

Cleveland Clinic, Dana-Farber Cancer Institute, Inc., Mayo Foundation for Medical Education and Research (MFMER), MD Anderson Cancer Center, Memorial Sloan Kettering Cancer Center, AbbVie Inc., Amgen Inc., Bristol-Myers Squibb Company, Glenmark Pharmaceuticals Ltd., Johnson & Johnson Services, Inc, Merck & Co, Inc., Novartis AG, and Sanofi S.A., among others.

Multiple Myeloma Therapeutics Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 14
  • Tables & Figures: 338
  • Countries covered: 23
  • Pages: 198
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