CAR T Cell Therapy Market-Overview
Chimeric Antigen Receptor (CAR)-T is a revolutionary treatment that involves reengineering the patient's white blood cells (WBCs) to assist in the fight against cancerous cells by identifying them. The industry is taking steps to address various issues to foster the adoption of CAR-T cell therapy. Several CAR-T players have begun to impregnate T cells with CARs using efficient gene-transfer techniques to treat several conditions. As per MRFR, the market is estimated to utilize a CAGR of 48.96% and reach USD 10,415.61 million by the end of the period in 2027.
Over the forecast period, soaring cancer incidences around the world, together with persistent technical advancements for dependable and effective cancer treatment, are likely to support the progress of the worldwide CAR-T cell therapy market.
Key Players:
The important companies in the CAR T cell therapy market are Intellia Therapeutics (US), Merck KGaA (Germany), Servier Laboratories (France), Noile-Immune Biotech (Japan), Celgene Corporation (US), Bluebird Bio (US), Cellectis (Switzerland), Bellicum Pharmaceuticals, Inc. (US), Celyad (Belgium), Novartis International AG (Swiss), Cellectis (France), Pfizer Inc. (US), Caribou Biosciences, Inc. (US), Amgen Inc. (US), Kite Pharma (US), and Juno Therapeutics (US).
Segmental Analysis
The CAR T Cell Therapy Market Size segmentation is carried out based on target antigen, application, and region. The CAR-T cell therapy market consists of acute lymphoblastic leukemia and diffuse large B-cell lymphoma based on the application. Based on the target antigen, the CAR-T cell gene therapy market includes BCMA CD19/CD22 and others like Lewis Y, ROR1, PSCA, NKR-2, and MUC16. The region segment of the CAR-T cell gene therapy market consists of Europe, Asia Pacific, North America, and other important regions.
Detailed Regional Analysis
According to the CAR-T cell gene therapy market study, the North American area is predicted to develop at a global CAGR of 36.4 percent over the forecast period. Similarly, the CAR-T cell treatment industry will develop at a high rate due to shifting patterns in the European market and the growing usage of appropriate technologies. As a result, CAR-T therapies are frequently prescribed for patients who have exhausted all other therapy choices. Even with these obstacles, the cost of CAR-T therapy has risen, making it unsustainable for a substantial number of patients. Over the forecast period, the region is projected to lead the worldwide CAR-T cell treatment market. The region's leadership can be attributed to advantageous reimbursement rules, rising occurrences of severe lymphoblastic leukemia, early availability of CAR-T cell therapy products, and high per capita healthcare spending. Furthermore, the presence of a substantial number of clinical pipeline medications that are predicted to receive FDA approval for commercialization in the near future is anticipated to drive the worldwide CAR-T cell therapy market forward.
Competitive Analysis
A need to pool viable alliances is predicted to become more apparent in the market. The market is likely to be defined by the governments' agreed-upon measures for revitalizing the entire market. Market competition is expected to be the driving force behind several global market growth policy restructurings. In the projected period, changes in manufacturing and distribution tactics are projected to augment the market on a global scale. The transition to a more effective working environment is set to change the established working method during the period considered. The ability to stay in touch with end-users while effectively expanding the comprehensive footprint is poised to grow as the main goal for several market stakeholders. Developing a better service delivery channel is expected to define the global market's subsequent phase of development. The market is supposed to pick up on the impacts of the current state of affairs presently.
Industry Updates:
Nov 2021 Laurus Labs announced that it had inked an investment agreement with Immunoadoptive Cell Therapy to buy a 26.62 percent stake in the company for Rs 46 crore in cash. The acquisition is contingent on certain criteria being met, according to the business. ImmunoACT offers a portfolio of CAR-T therapy assets at various stages of development to treat various autoimmune disorders and cancers. ImmunoACT's present promoters will continue to lead the company's management and operations.
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