The Multiple myeloma, likewise identified as plasma cell myeloma, is a malignancy of plasma cells, a kind of white blood cell that produces antibodies. Multiple myeloma has no symptoms at first, but as the disease progresses, it can cause bleeding, bone discomfort, anemia, and frequent infections. High alcohol use and obesity are also possible causes for multiple myeloma.
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Increased occurrence of relapsed and refractory multiple myeloma, public and private sector funding for R&D activities, augmented R&D for the development of newer drugs, and successful pipeline products are expected to drive the relapsed and refractory multiple myeloma treatment market over the projected period. Furthermore, rising awareness of relapsed and refractory myeloma therapy, government initiatives aimed at preventing cancer, and the introduction of novel medicines into the market are all helping to boost and fuel the relapsed and refractory multiple myeloma treatment market. Furthermore, over the projection period, tight regulatory regulations for product approval, hefty R&D costs, and unpleasant effects have been associated with radiotherapy and chemotherapy may hamper market expansion.
The global market for relapsed and refractory multiple myeloma treatment in North America is being driven by a rise in the frequency of the disease and FDA product approval. Due to the introduction of newer medications, sophisticated healthcare infrastructure, and an increase in the frequency of multiple myeloma in Europe, the market for relapsed and refractory multiple myeloma therapy is expected to grow rapidly.
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A few of the major players of the global relapsed and refractory multiple myeloma treatment market are GlaxoSmithKline plc (U.K.), AstraZeneca plc (U.K.), Novartis AG (Switzerland), Teva Pharmaceutical Industries Ltd. (Israel), GenMab A/S (Denmark), Amgen Inc. (U.S.), Janssen Pharmaceuticals, Inc. (Johnson & Johnson Services, Inc.) (U.S.), Unum Therapeutics (U.S.), Bristol-Myers Squibb (U.S.), Celgene Corporation (U.S.), Bluebird Bio, Inc. (U.S.)
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