CAR T-Cell Therapy Market Size, Outlook, Share, Prominent Players, Growth, and Forecast 2031
Author : Neeraj Kumar | Published On : 24 Apr 2024
The global CAR T-Cell Therapy Market is projected to reach more than USD 22.2 billion by 2032 from USD 2.1 billion in 2023, growing at a CAGR of 30% from 2024-2032.
The global CAR T-Cell Therapy Market is experiencing extraordinary demand, fueled by revolutionary results in treating certain blood cancers. As of 2022, the more than 487,294 people were diagnosed with leukemia around the world. The boom was caused by three things: increasing cancer rates, CAR-T’s clinical success (it cures 80% of some leukemias), and the hundreds of CAR-T clinical trials being run around the world. CAR-T therapies have had the most success so far targeting B-cell CD19 antigens (which is why Kymriah and Yescarta exist). But researchers are hunting down a range of other antigens in a wide variety of cancers.
In addition, they’re also looking at how to treat solid tumors with CAR-T cells. There are still many hurdles to overcome. The cost — over $450,000 per treatment — limits accessibility, as does the complexity of their manufacture. Severe side effects like cytokine release syndrome (CRS) and neurotoxicity are also acting as a solid barrier for the market growth.
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Key Players in Global CAR T-Cell Therapy Market
- Novartis AG
- Bluebird Bio, Inc.
- Cellectis
- Bristol-Myers Squibb
- Merck & Co., Inc.
- Juno Therapeutics, Inc.
- Celyad Oncology
- Celgene Corporation
- Sorrento Therapeutics, Inc.
- Miltenyi Biotech
- Intellia Therapeutics
- Pfizer, Inc.
- Autolus Therapeutics
- Gilead Sciences, Inc. (Kite Pharma Inc.)
- Cartesian Therapeutics, Inc.
- Caribou Biosciences, Inc.
- Other Prominent Players
Market Overview
This report offers a meticulously researched evaluation of the market, emphasizing the strategic insights that enterprises need to navigate the competitive environment effectively. The study includes a detailed market valuation that quantifies the market's worth, helping stakeholders understand the financial dimensions and potential growth opportunities.
Market Dynamics
The global CAR T-Cell Therapy Market report identifies several key drivers that are propelling market growth, which include technological advancements, shifts in consumer preferences, and regulatory changes across various industries. It also highlights emerging trends that are shaping the industry, providing businesses with the knowledge to stay ahead of the curve.
Regional Insights
The global CAR T-Cell Therapy Market report provides in-depth insights into various regional markets, presenting a granular analysis of local trends, economic shifts, and cultural influences that affect market dynamics. This regional analysis ensures that businesses can tailor their strategies to fit different geographic locales, maximizing their market reach and efficacy.
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Segmentation Outlook?
The global CAR T-Cell Therapy Market report segmentation insights break down the market into manageable segments based on type, application, and geography, allowing businesses to focus their efforts on the most relevant and profitable areas.
Market Segmentation Overview
By Indication
- Leukemia
- Lymphoma
- Myeloma
By Source
- Autologous
- Allogenic
By Type of Therapy
- Monotherapy
- Combination therapy
By Product
- ABECMA
- Breyanzi
- Carvykti
- Kymriah
- Tecartus
- Yescarta
By Administration Setting
- Inpatient
- Outpatient
By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Western Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- Saudi Arabia
- South Africa
- UAE
- Rest of MEA
- South America
- Argentina
- Brazil
- Rest of South America
This latest report reflects the commitment to provide the deepest insights and most actionable intelligence available. The global CAR T-Cell Therapy Market report empowers businesses with the knowledge they need to make informed decisions and drive sustainable growth. In addition, the report is designed for a wide array of stakeholders, including business executives, investors, policymakers, and academic researchers, who will find the data and insights provided to be of exceptional value.
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