CAR T Cell Therapy Market Overview
According to MRFR, the CAR T Cell Therapy market will grow at a CAGR of 48.96 % and reach USD 10,415.61 million by the end of the forecast period in 2027. Factors such as intensifying demand for effective treatment and an upsurge in the number of cancers of various kinds are all contributing to this inclination.
The CAR T Cell Therapy Market will benefit from high-level research in the coming years. Excessive smoking and alcohol use and rising consumption of alcohol and tobacco during the projection period will all contribute to CAR-T cell gene therapy market growth.
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The CAR-T cell gene therapy market segmentation is carried out based on application, target antigen, and region. The CAR-T cell therapy market is divided into diffuse large B-cell lymphoma and acute lymphoblastic leukemia based on the application. Europe, Asia Pacific, North America, and other important regions constitute the geographical sector of the CAR-T cell gene therapy market. The CAR-T cell gene therapy market is divided into target antigens such as BCMA CD19/CD22 and others such as Lewis Y, NKR-2, ROR1, PSCA, and MUC16.
Detailed Regional Analysis
According to the CAR-T cell gene therapy market analysis, the North American market is anticipated to grow at a global CAGR of 36.4 percent over the projected period. Similarly, the CAR-T cell treatment sector will grow rapidly as a result of shifting patterns in the European market and increased use of relevant technology. As a result, CAR-T therapies are commonly administered for patients who have exhausted all other options for treatment. Despite these challenges, the cost of CAR-T therapy has grown, rendering it unsustainable for a large number of patients. The Asia Pacific is anticipated to lead the global CAR-T cell treatment market over the forecast period. The region’s leadership can be linked to promising reimbursement rules, an increase in the incidence of severe lymphoblastic leukemia, the early availability of CAR-T cell therapy products, and high per capita healthcare spending. Furthermore, the availability of a significant number of clinical pipeline pharmaceuticals expected to get FDA approval for commercialization in the near future is estimated to propel the global CAR-T cell therapy market ahead.
The involvement of governmental organizations in promoting market development is projected to be critical through the provision of special incentives to attract global titans to certain locations and contribute to market development during the forecast period. The efficacy of core sectors on a global scale is expected to boost global market expansion in the next years. Besides, improving economic linkages across several nations are likely to give additional prospects for growth in the coming years. Market participants’ overall development prospects are expected to improve gradually as the impact of the COVID-19 outbreak fades. The excitement surrounding COVID-19-related medicinal procedures, such as vaccines, being pushed out in diverse regions is expected to boost market sentiment. The entry of multinational corporations into major developing regional markets is expected to impact other industrial categories positively.
The chief companies in the CAR T cell therapy market are Servier Laboratories (France), Cellectis (France), Noile-Immune Biotech (Japan), Celgene Corporation (US), Amgen Inc. (US), Bluebird Bio (US), Cellectis (Switzerland), Bellicum Pharmaceuticals, Inc. (US), Celyad (Belgium), Novartis International AG (Swiss), Intellia Therapeutics (US), Merck KGaA (Germany), Pfizer Inc. (US), Caribou Biosciences, Inc. (US), Kite Pharma (US), and Juno Therapeutics (US).
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US autoimmune drug developer Kyverna Therapeutics has entered into exclusive, worldwide licenses with the National Institutes of Health (NIH) for intellectual property related to a novel clinical-stage anti-CD19 chimeric antigen receptor T-cell (CAR T) construct with properties uniquely suited for use in autoimmune diseases. Kyverna has gained rights to use the construct in both autologous and allogeneic CAR T-cell treatments.
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