Elotuzumab Market Analysis by Indication (Multiple Myeloma, Other Indications), by Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies) and by Region: Global Forecast, 2024 - 2034
- PUBLISHED ON
- 2024-05-29
- NO OF PAGES
- 191
- CATEGORY
- Healthcare & Life Sciences
Market Overview
The Elotuzumab market is predicted to develop at a compound annual growth rate (CAGR) of xx% from 2024 to 2034, when it is projected to reach USD xx Million, based on an average growth pattern. The market is estimated to reach a value of USD xx Million in 2024.
SOURCE: We Market Research
A monoclonal
antibody called elotuzumab is used to treat multiple myeloma, a malignancy that
affects bone marrow plasma cells. Elomutuzumab improves the immune system's
capacity to recognize and destroy malignant cells by specifically targeting the
SLAMF7 protein that is found on myeloma cells. It is usually given with
lenalidomide and dexamethasone, and it helps patients who are newly diagnosed
as well as those who have relapsed or are resistant to treatment. Although the
therapy has potential adverse effects such as fatigue, diarrhea, and
infections, they are outweighed by the effectiveness of the treatment in
treating multiple myeloma. For many affected individuals, elotuzumab offers
hope and an improved quality of life, marking a significant advancement in
cancer treatment.
A number of
important reasons are driving the market for elotuzumab, a monoclonal antibody
used to treat multiple myeloma. The need for efficient treatments for multiple
myeloma is increasing due to rising incidence rates of the disease worldwide.
The use of elotuzumab is fueled by the effectiveness of immunotherapies in the
treatment of cancer as well as clinical data supporting its usefulness.
Regulatory approvals confirm its effectiveness and safety, building confidence
among medical professionals. When used in combination therapy, elotuzumab
improves treatment results in a complementary manner. Additionally, access to cutting-edge
treatments like elotuzumab is improved by improvements in healthcare
infrastructure, particularly in developing nations. This patient-centered
strategy raises the importance of elotuzumab in cancer treatment in line with
the trend toward customized therapy.
Market Scope
|
Report Attributes |
Description |
|
Market Size in 2024 |
USD xx Million |
|
Market Forecast in 2034 |
USD xx Million |
|
CAGR % 2024-2034 |
xx% |
|
Base Year |
2023 |
|
Historic Data |
2016-2022 |
|
Forecast Period |
2024-2034 |
|
Report USP
|
Production, Consumption, company share, company
heatmap, company production capacity, growth factors and more |
|
Segments Covered |
by Type of Cancer, by Distribution Channel and By Region |
|
Regional Scope |
North America, Europe, APAC, South America and
Middle East and Africa |
|
Country Scope |
U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic
Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia;
Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa;
Nigeria |
Elotuzumab Industry: Dynamics & Restrains
Market opportunity:
Our marketing platform offers a comprehensive dashboard that provides clients with valuable insights into market trends over the years. Included below is a sample image of our dashboard, and specific PDF logins will be furnished to grant access to this insightful tool.
Elotuzumab Segmentation
Market- By Indication Analysis
By Indication, the Elotuzumab Market is Categories into Multiple Myeloma, Other Indications. The Multiple Myeloma segment accounts for the largest share of around 81% in 2024.
The rising incidence of multiple myeloma
globally is driving the market for elotuzumab globally. In order to enhance
patient outcomes, there is an increasing need for efficient treatments like
elotuzumab as the prevalence of multiple myeloma rises.
The
following segments are part of an in-depth analysis of the global Elotuzumab
market:
|
Market Segments |
|
|
By Distribution Channel |
·
Hospital Pharmacies ·
Retail Pharmacies ·
Online Pharmacies |
Elotuzumab Industry: Regional Analysis
North America Market Forecast
North America dominate the Elotuzumab Market with the highest revenue generating market with share of more than 46%. Because of North America's advanced healthcare system and significant R&D expenditures, the market for elotuzumab is thriving. A supportive regulatory framework speeds up the approval of drugs. Elotuzumab is in high demand due to the high incidence of multiple myeloma.
Europe Market Statistics
Europe's Elotuzumab
market is second largest region. The aging population and the rise in multiple
myeloma patients are the main causes of the need for elotuzumab. Advanced
healthcare ensures innovative therapies. Reputable academic and research
institutions fund clinical trials, which promotes the usage of elotuzumab.
Asia Pacific Market Forecasts
Asia Pacific is
expected to be the fastest-growing regional segment of the Elotuzumab market
during the forecast period. In the Asia Pacific region, the affordability and
accessibility of elotuzumab are enhanced by economic growth. Investments in
technology and infrastructure in the healthcare sector facilitate market expansion.
Elotuzumab and other advanced cancer medicines are required due to rising
incidence and knowledge of the disease.
Key Market Players
The Elotuzumab
Market is dominated by a few large companies, such as
·
Bristol Myers Squibb
· Abbvie
1.
Global
Elotuzumab Market Introduction and Market Overview
1.1. Objectives of the Study
1.2. Global Elotuzumab Market Scope
and Market Estimation
1.2.1. Global Elotuzumab Overall Market
Size, Revenue (US$ Mn), Market CAGR (%), Market forecast (2023 - 2034)
1.2.2. Global Elotuzumab Market Revenue
Share (%) and Growth Rate (Y-o-Y) from 2019 - 2034
1.3. Market Segmentation
1.3.1. Indication of Global Elotuzumab
Market
1.3.2. Distribution Channel of Global Elotuzumab
Market
1.3.3. Region of Global Elotuzumab
Market
2.
Executive Summary
2.1. Global Elotuzumab Market Industry Trends under COVID-19 Outbreak
2.1.1. Global COVID-19 Status Overview
2.1.2. Influence of COVID-19 Outbreak
on Global Elotuzumab Market
Industry Development
2.2. Market Dynamics
2.2.1. Drivers
2.2.2. Limitations
2.2.3. Opportunities
2.2.4. Impact Analysis of Drivers and
Restraints
2.3. Porter’s Five Forces Analysis
2.3.1. Bargaining Power of Suppliers
2.3.2. Bargaining Power of Buyers
2.3.3. Threat of Substitutes
2.3.4. Threat of New Entrants
2.3.5. Competitive Rivalry
2.4. Market Investment Opportunity
Analysis (Top Investment Pockets), By Segments & By Region
3.
Global Elotuzumab Market Estimates & Historical Trend Analysis (2019 -
2023)
4.
Global Elotuzumab Market Estimates & Forecast Trend Analysis, by
Indication
4.1. Global Elotuzumab Market Revenue
(US$ Mn) Estimates and Forecasts, by Indication, 2019 to 2034
4.1.1. Multiple Myeloma
4.1.2. Other Indications
5.
Global Elotuzumab Market Estimates & Forecast Trend Analysis, by
Distribution Channel
5.1. Global Elotuzumab Market Revenue
(US$ Mn) Estimates and Forecasts, by Distribution
Channel, 2019 to 2034
5.1.1. Hospital Pharmacies
5.1.2. Retail Pharmacies
5.1.3. Online Pharmacies
6.
Global Elotuzumab Market Estimates & Forecast Trend Analysis,
by Region
6.1. Global Elotuzumab Market Revenue
(US$ Mn) Estimates and Forecasts, by Region, 2019 to 2034
6.1.1. North America
6.1.2. Europe
6.1.3. Asia Pacific
6.1.4. Middle East & Africa
6.1.5. South America
7.
North
America Elotuzumab Market: Estimates & Forecast Trend Analysis
7.1.
North
America Elotuzumab Market Assessments & Key Findings
7.1.1. North America Elotuzumab Market
Introduction
7.1.2. North America Elotuzumab Market
Size Estimates and Forecast (US$ Million) (2019 – 2034)
7.1.2.1. By Indication
7.1.2.2. By Distribution
Channel
7.1.2.3. By Country
7.1.2.3.1. The U.S.
7.1.2.3.2. Canada
7.1.2.3.3. Mexico
8.
Europe
Elotuzumab Market: Estimates & Forecast Trend Analysis
8.1. Europe Elotuzumab Market
Assessments & Key Findings
8.1.1. Europe Elotuzumab Market
Introduction
8.1.2. Europe Elotuzumab Market Size
Estimates and Forecast (US$ Million) (2019 – 2034)
8.1.2.1. By Indication
8.1.2.2. By Distribution
Channel
8.1.2.3.
By
Country
8.1.2.3.1. Germany
8.1.2.3.2. U.K.
8.1.2.3.3. France
8.1.2.3.4. Italy
8.1.2.3.5. Spain
8.1.2.3.6. Russia
8.1.2.3.7. Rest of Europe
9.
Asia
Pacific Elotuzumab Market: Estimates & Forecast Trend Analysis
9.1. Asia Pacific Market Assessments
& Key Findings
9.1.1. Asia Pacific Elotuzumab Market
Introduction
9.1.2. Asia Pacific Elotuzumab Market
Size Estimates and Forecast (US$ Million) (2019 – 2034)
9.1.2.1. By Indication
9.1.2.2. By Distribution
Channel
9.1.2.3.
By
Country
9.1.2.3.1. China
9.1.2.3.2. Japan
9.1.2.3.3. India
9.1.2.3.4. Australia
9.1.2.3.5. South Korea
9.1.2.3.6. ASEAN
9.1.2.3.7. Rest of Asia Pacific
10. Middle East & Africa Elotuzumab
Market: Estimates & Forecast Trend
Analysis
10.1. Middle East & Africa Market
Assessments & Key Findings
10.1.1. Middle
East & Africa Elotuzumab
Market Introduction
10.1.2. Middle
East & Africa Elotuzumab
Market Size Estimates and Forecast (US$ Million) (2019 – 2034)
10.1.2.1. By Indication
10.1.2.2. By Distribution
Channel
10.1.2.3. By Country
10.1.2.3.1. U.A.E.
10.1.2.3.2. Saudi Arabia
10.1.2.3.3. Egypt
10.1.2.3.4. South Africa
10.1.2.3.5. Rest of Middle East & Africa
11. South America
Elotuzumab Market: Estimates &
Forecast Trend Analysis
11.1. South America Market Assessments
& Key Findings
11.1.1. South America Elotuzumab Market
Introduction
11.1.2. South America Elotuzumab Market
Size Estimates and Forecast (US$ Million) (2019 – 2034)
11.1.2.1. By Indication
11.1.2.2. By Distribution
Channel
11.1.2.3. By Country
11.1.2.3.1. Brazil
11.1.2.3.2. Argentina
11.1.2.3.3. Colombia
11.1.2.3.4. Rest of South America
12. Competition Landscape
12.1. Global Elotuzumab Market
Competition Matrix & Benchmarking, by Leading Players / Innovators /
Emerging Players / New Entrants
12.2. Global Elotuzumab Market
Competition White Space Analysis, By End-user
12.3. Global Elotuzumab Market
Competition Heat Map Analysis, By End-user
12.4. Global Elotuzumab Market
Concentration & Company Market Shares (%) Analysis, 2022
13. Company Profiles
13.1.
Bristol Myers Squibb
13.1.1. Company Overview & Key Stats
13.1.2. Financial Performance & KPIs
13.1.3. Product Portfolio
13.1.4. Business Strategy & Recent Developments
* Similar details would be provided
for all the players mentioned below
13.2. Abbvie
13.3. Others
14. Research
Methodology
14.1. External Transportations /
Databases
14.2. Internal Proprietary Database
14.3. Primary Research
14.4. Secondary Research
14.5. Assumptions
14.6. Limitations
14.7. Report FAQs
15. Research
Findings & Conclusion
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Conclusion
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Frequently Asked Questions
What is the market size of Elotuzumab Market in 2024?
Elotuzumab Market was valued at USD xx Million in 2024.
What is the growth rate for the Elotuzumab Market?
Elotuzumab Market size will increase at approximate CAGR of xx% during the forecasted period.
Which are the top companies operating within the market?
Major companies operating within the Elotuzumab Market Are Bristol Myers Squibb, Abbvie and Other.
Which region dominates the Elotuzumab Market?
North America dominates the market with an active share of 46%.
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