CAR T Cell Therapy Market: Information By Target Antigen (CD19, CD22), By Application (Diffuse Large B-cell Lymphoma, Acute Lymphoblastic Leukemia) and Region (US, Europe, China and Rest of World) – Forecast till 2027
The rising market trends and demand are likely to show a positive result for the CAR-T cell therapy market size. Based on the forecast laid by the industry experts, the market is likely to grow at a CAGR of 48.96% during the forecast period and reach a final market value worth USD 10.41 Billion by the end of the period in 2027. There is a good chance that the increasing market trends and demand will produce a favourable consequence for the overall size of the CAR-T cell therapy market. The experts in the industry believe that the market will expand at a compound annual growth rate (CAGR) of 48.96% throughout the forecast period and reach a final market value of USD 10.41 Billion by the end of the period in 2027. This information is based on the forecast that was laid out by the experts. The revolutionary treatment known as Chimeric Antigen Receptor (CAR)-T involves the reengineering of the patient’s white blood cells (WBC) in order to assist in the battle against cancerous cells by detecting them.
During the period covered by the current projection, 2021-2027, businesses operating in the CAR-T cell treatment market are anticipated to expand at a pace that is above average. The business world as a whole takes a highly dynamic approach, and the most important participants in the market are now working toward acquiring access to the largest possible CAR-T cell treatment market. Because of the rise in the number of people who require medical services, the businesses are working to establish relationships with treatment facilities that will help them attract more customers.
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CAR T Cell Therapy Market Segmentation
According to the study on the market for CAR-T cell treatment, the market has been divided into many submarkets based on the following criteria:
Taking into account the antigen of interest: BCMA, which is short for B-Cell maturation antigen, is one of the targeted antigens that are included in the worldwide market for CAR-T cell therapy. Other targeted antigens include CD19/CD22, as well as PSCA, Lewis Y, ROR1, NKR-2, and MUC16.
In accordance with the Application: Diffuse Large B-Cell Lymphoma, Acute Lymphoblastic Leukaemia, and Other Conditions Comprise the Indications Segment of the CAR-T Cell Therapy Market
According to Geographical Factors: The market for CAR-T cell therapy has been segmented into four major regions: North America, Europe, the Asia-Pacific region, and the rest of the world. Each of these regions is subdivided further into submarkets based on the demographics of their respective target audiences, types of equipment, and resources.
Analysis of the Regional Market for CAR-T Cell Therapy
The research of the market for CAR-T cell gene therapy reveals that the North American area is showing signs of great growth over the time, and it is predicted to expand at a worldwide CAGR of 36.4% during the period. In a similar vein, the CAR-T cell treatment market will expand at a large rate because to the shifting tendencies in the European market as well as the greater utilisation of appropriate technologies. The European Medicines Agency (EMA) has recommended the approval of Yescarta and Kymriah. These approvals are displaying indicators of favourable features that will assist the market enhance its overall growth over the projected period that ends in 2027.
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Key players:
Key vendors include Bluebird Bio (United States), Intellia Therapeutics (United States), Noile-Immune Biotech (Japan), Celgene Corporation (United States), Bellicum Pharmaceuticals, Inc. (United States), Novartis International AG (Switzerland), Celyad (Belgium), Cellectis (France), Servier Laboratories (France), Pfizer Inc. (United States), Caribou Bio (United States)
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