Cancer is one of the leading causes of fatalities across the world. The T cell therapy comprises re-engineering of white blood cells of the cancer patient. During this therapy, the T-cells of a person are derived, reformed, and the put inside the body of a patient wherein the restructured cells multiply in number & then attack the cancer cells. Currently, T-cell therapy is considered as an extremely effective procedure for the treatment of patients suffering from blood cancer and has already been through other methods of cancer treatment like chemotherapy.
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The Increasing Approval for New & Effective Therapies to Cure Cancer is Expected to Drive the Global T-Cell Therapy Market Growth.
For Instance, in April 2021, The USFDA (United States Food and Drug Administration) approved BCMA-Targeted CAR T-Cell Therapy to treat Multiple Myeloma. Multiple myeloma is a type of cancer which occurs when abnormal white blood cells build up tumors in the bones and other locations. The increase in consumption of tobacco products, unhealthy dietary patterns & sedentary lifestyles are some key driving factors escalating the risk of developing cancer. This is expected to boost the global T-cell therapy market growth. Also, the increase in number of individuals diagnosed with bone marrow & blood-forming tissue diseases, represents one of the major factors catalyzing the demand for T-cell therapies over the forecast period. For instance, as per the Leukemia and Lymphoma Society of Canada, over 22,340 people in Canada were diagnosed with some form of blood cancer, of which 9,000 cases were lymphoma. Furthermore, the increase in awareness among individuals about medical services, in confluence with favorable government policies ®ulations, is also accelerating the global T-cell therapy market growth.
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Key players in the market are engaged in R&D to launch new targeted cell therapies in the market. For instance, in April 2018, Pfizer, Inc. had collaborated with Allogene for development of an investigational CAR-T cell therapy for treating cancer. Some of the prominent players in the T-cell therapy market include Novartis AG, Celgene Corporation, Merck KGaA, TCR2 Therapeutics Inc, Gilead Sciences Inc., Bluebird Bio Inc., Fate Therapeutics, Sorrento Therapeutics, Pfizer Inc., Amgen, etc.
- Membrane-To-Membrane Systems
- Needleless Systems
- Vial Access Devices
- Syringe Safety Devices
- Bag/Line Access Devices
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- Diaphragm-Based Devices
- Compartmentalized Devices
- Air Cleaning/Filtration Devices
By End User
- Oncology Centers & Clinics
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
On the basis of region, the Global T-Cell Therapy Market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
The North America dominates the global T-cell therapy market in 2020, Due to the growing prevalence of cancer, rising demand for T-cell therapy, investments & government funding among other factors. Moreover, Europe and APAC are showcasing potential growth aspects for implementation of adoptive T-cell therapies for treatment of cancer. For instance, the European Hematology & Oncology department published an undergoing study in 2017 which is used for treatment of Leukapheresis.
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