Press release
Engineered T Cells Market: End to End Solutions with Top Most Industry Players as Autolus Limited, Bellicum Pharmaceuticals, Inc., Cells Medica, Elli Lilly and Company, Gilead Sciences, Inc. and more
Engineered T Cells Market
Engineered T cells are known to be T cells specifically designed for autoimmune diseases, primary immunodeficiency and cancer treatment. Upon transduction, engineered T cells enable a reduction in toxicity and inhibit antigen excretion (the immune system does not respond to the infectious agent). Engineered T cells help the immune suppression system to overcome the immune suppressive tumor microenvironment and target cancer cells for effective treatment.
Growth in the engineered T cell market is anticipated as cancer increases worldwide and the demand for innovative biopharmaceutical therapies surges. In addition, the benefits provided by engineered T cell therapy, such as targeted action and less side effects, are expected to increase the demand for future engineered T cells.
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The major players profiled operating in the global engineered T cells market are
• Autolus Limited
• Bellicum Pharmaceuticals Inc.
• Cells Medica
• Elli Lilly and Company
• Gilead Sciences Inc.
• Juno Therapeutics
• Novartis AG
• Oxford Biomedica
• Pfizer Inc.
• Precision Bioscience.
Chimeric antigen receptor (CAR) modified T cells segment is projected to dominate the market during the analysis period, due to surge in utilization of chimeric antigen receptor T cells in research facilities.
By application, lung cancer garnered the highest market share in 2016, and expected to dominate during the analysis period, owing to increase in incidence of lung cancer and high utilization of engineered T cells for the treatment of lung cancer.
Hospitals have the extensive use of engineered T cells, hence, it held the highest market value in 2016, and is expected to lead the market during the analysis period.
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Key Findings of the Engineered T-cells Market:
• Chimeric antigen receptor modified T Cells segment accounted for more than half of the global market share in 2016.
• T cells receptor (TCR) segment is expected to grow at a highest CAGR.
• Asia-Pacific is anticipated to grow at the highest rate during the analysis period, followed by Europe.
• China and India are the major market shareholders in Asia-Pacific.
Geographically, North America dominated the market, accounting for approximately half of the overall market in 2016. This can be attributed to various factors such as presence of leading biotech companies and modern research facilities in the region. Furthermore, Asia-Pacific is projected to register the highest growth due to surge in number of biopharmaceutical companies and increase in acceptance of modern cancer treatments.
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