Relapsed/Refractory Multiple Myeloma (RRMM) market research report by Delvens focuses on primary sections such as – market segments, market outlook, competitive landscape, and company profiles. The segments provide details in terms of various perspectives such as end-use industry, product or service type, and any other relevant segmentation as per the market’s current scenario which includes various aspects to perform further marketing activity. The market outlook section gives a detailed analysis of market evolution, growth drivers, restraints, opportunities, and challenges, Porter’s 5 Force’s Framework, macroeconomic analysis, value chain analysis and pricing analysis that directly shape the market at present and over the forecasted period. The drivers and restraints cover the internal factors of the market whereas opportunities and challenges are the external factors that are affecting the market. The market outlook section also gives an indication of the trends influencing new business development and investment opportunities.
The Relapsed/Refractory Multiple Myeloma (RRMM) market size was estimated at USD 2.2 billion in 2023 and is projected to reach USD 3.12 billion in 2030 at a CAGR of 4.5% during the forecast period 2023-2030.
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New drugs have significantly improved the prognosis of MM, which is a type of cancer that affects plasma cells in the bone marrow. The development of multiple generations of new drugs has led to a wider range of treatment options for both newly diagnosed and relapsed/refractory MM patients. This increase in therapeutic alternatives has expanded the clinical scenario, meaning that doctors now have more options to choose from when treating MM patients.
The availability of more treatment options is particularly important for RRMM patients, who have already undergone one or more rounds of treatment and may have developed resistance to certain drugs. The development of new drugs has also led to improvements in overall survival rates for MM patients, as well as longer periods of remission.
Key Findings
· On the basis of drug type, RRMM stands for Relapsed and Refractory Multiple Myeloma, which is a type of cancer that affects plasma cells in the bone marrow. The market trend analysis provided by the RRMM segment helps to understand the current and future market scenario of drugs used to treat this type of cancer.
· On the basis of product type, RRMM stands for relapsed, refractory, and relapsed/refractory multiple myeloma, which are specific criteria used to define a certain type of multiple myeloma. Relapsed multiple myeloma refers to when the disease returns after a period of remission, while refractory multiple myeloma refers to when the disease does not respond to treatment or stops responding after an initial response.
· On the basis End-User, Patients with MM may experience relapsed/refractory disease, which means that the cancer has returned or is not responding to treatment. Before reaching this stage, MM patients may experience various clinical situations, such as partial response or stable disease, which can be used to segment the RRMM (relapsed/refractory MM) market.
Top Companies Profiled:
Celgene Corporation; Amgen Inc; Janssen Pharmaceuticals; Takeda Pharmaceutical Company Limited; GlaxoSmithKline plc; Sanofi; AbbVie Inc.; Bristol Myers Squibb; Novartis AG; Bristol-Myers Squibb Company; Johnson & Johnson; Teva Pharmaceutical Industries; ONO Pharmaceutical; Merck KGaA; Bausch Health Companies Inc.; Sun Pharmaceutical Industries Ltd; Aurobindo Pharma; Hikma Pharmaceuticals PLC. And More
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Recent Developments
· In January 2022, Bristol-Myers Squibb, a pharmaceutical company, announced that Japan’s Ministry of Health, Labour and Welfare has approved Abecma (idecabtagene vicleucel), a B-cell maturation antigen (BCMA)-directed chimeric antigen receptor (CAR) T cell immunotherapy, for the treatment of adult patients with relapsed or refractory (R/R) multiple myeloma.
· In June 2022, Sap acquired Askdata to strengthen its ability to help organizations take better-informed decisions by leveraging AI-driven natural language searches. Users are empowered to search, interact, and collaborate on live data to maximize business insights.
The Report helps to identify the opportunities in Global Regions:
· North America (the United States, Canada, and Mexico)
· Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
· Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
· South America (Brazil etc.)
· The Middle East and Africa (North Africa and GCC Countries)
Reasons to Acquire
· Increase your understanding of the market for identifying the most suitable strategies and decisions based on sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors.
· Gain authentic and granular data access for the Relapsed/Refractory Multiple Myeloma (RRMM) Market to understand the trends and the factors involved in changing market situations.
· Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future.
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In addition to the market data for the Relapsed/Refractory Multiple Myeloma (RRMM) Market, Delvens offers client-centric reports customized according to the company’s specific demand and requirements.
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