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CAR-T Therapy Market Is Thriving Worldwide 2020 | Trends, Growth And Profit Analysis, Forecast To 2030
The Business Research Company
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The global CAR-T therapy market reached a value of nearly $734.0 million in 2019. The market is expected to grow from $734.0 million in 2019 to $ 2,250 million in 2023 at a rate of 32.3%. The growth is mainly due to an increased prevalence of cancer and increased awareness about the therapy. The market is expected to stabilize and reach $3,150 million in 2025 and $ 6,100 million in 2030.
The Key drivers of the CAR-T therapy market include:-
The rise in the number of blood cancer cases across the globe is likely to contribute to the growth of the CAR-T therapy market during the forecast period. Therefore, the rise in the blood cancer incidence rate globally is anticipated to boost the demand for the CAR-T therapy market over the forthcoming years.
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CAR-T Therapy Market Segmentation:-
By Target Antigen
1. CD19 Therapy
2. CD22 Therapy
3. BCMA Therapy
4. Others
The CD19 was the largest segment of the CAR-T therapy market by target antigen, accounting for 100% of the total market in 2019. Going forward, CD19 segment is expected to be the fastest growing segment in the CAR-T therapy market, at a CAGR of 25.3%.
By Application
1. Acute Lymphoblastic Leukemia
2. Diffuse Large B-Cell Lymphoma
3. Follicular Lymphoma
4. Chronic Lymphocytic Leukemia
5. Multiple Myeloma
6. Others
The diffuse large B-cell lymphoma was the largest segment of the CAR-T therapy market by application, accounting for 56.1% of the total market in 2019. Going forward, the others segment is expected to be the fastest growing segment in the CAR-T therapy market, at a CAGR of 29.3%.
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By Geography - The CAR-T therapy market is segmented I nto
1.North America
2.Western Europe
3.Asia Pacific
4.Eastern Europe
5.South America
6.Middle East
7.Africa
Some of the major key players involved in the CAR-T therapy market are
1. Gracell Biotechnology Ltd
2. Aeon Therapeutics
3. CARsgen Therapeutics
4. Daiichi Sankyo
5. Celegne
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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