Bone marrow is the soft tissue that fills bone cavities and constitutes the primary site of blood cell production. However, it is also one of the most complex niches in which cancerous cells accumulate. Multiple myeloma, the second most common blood cancer, is a paradigm of a tumor in which malignant plasma cells interact with a bone marrow microenvironment. Additionally, novel immunotherapeutic strategies, that target multiple myeloma cells in a complex interplay with immune cells in their microenvironment, highly depend on the bone marrow microenvironment composition. Accordingly, understanding the immunomodulating effects of drugs and the patient-specific contributions of the bone marrow microenvironment to therapy response are emerging as critical aspects for advancing treatment. However, our current understanding of bone marrow microenvironment heterogeneity and dynamics in multiple myeloma is limited. Risk stratification models and treatment strategies are primarily based on tumor genetics and clinical factors. They fail to fully account for the influence of the bone marrow microenvironment on disease progression and treatment response. SESAHME addresses this gap by comprehensively mapping a healthy and dysfunctional bone marrow microenvironment that can contribute to cancer development or promote disease progression and drug resistance. This could lead to advanced immunotherapy approaches in the future.