CAR T Cell Therapy Market expected to reach USD 10,415.61 Million by 2027 at CAGR of 42.98%

Mounting burden of cancer and the expanding patient pool failing to respond to various alternative treatments have bolstered the global CAR-T cell therapy market size. Cancer is turning out to be a major concern, affecting both adults as well as children, for which reliable and effective therapeutic treatments are required, in order to enhance the patient’s quality of life. Rising focus on developing novel and effective therapies to address the symptoms also contribute immensely to the CAR-T cell therapy market growth.

The CAR T cell therapy market will be capturing a significant growth rate of 42.98% between 2020 and 2027 (review period), says Market Research Future (MRFR). The market could also gain a valuation of USD 10,415.61 Million by 2027-end. Emergence of new and more innovative forms of CAR T-cell therapies for numerous clinical areas including acute lymphoblastic leukemia (ALL), diffuse large B-cell lymphoma (DLBCL), chronic lymphocytic leukemia (CLL), multiple myeloma (MM), mantle cell lymphoma (MCL), follicular lymphoma (FL), and other types of cancers can offer attractive opportunities to the renowned players in the global market.

The burgeoning elderly population combined with the soaring cases of leukemia and lymphoma across various countries can also translate into striking opportunities for CAR T-cell therapy manufacturers in the ensuing years.

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Leading Companies

Sorrento Therapeutics (US), Mustang Bio (US), CARsgen Therapeutics (China), Pfizer Inc. (US), Cellectis (France), Legend Biotech (US), Juno Therapeutics (US), Autolus Therapeutics PLC (UK), Novartis AG (Switzerland), Kite Pharma (US), are the top CAR T cell therapy developers profiled in the MRFR research study.

Market Segmentation

Target antigen and application are the key segments listed in the report, to present an enhanced understanding of the global market in the MRFR report.

CAR T cell therapy market, with respect to target antigen, can be considered for CD22, CD19, and others. CD19 target antigen has been the leading segment since 2018, having captured a significant valuation of USD 342.56 million the same year.

Major applications of CAR T cell therapy are diffuse large B-cell lymphoma, acute lymphoblastic leukemia, and more. In the lead is the acute lymphoblastic leukemia application, given the rising cases worldwide, especially among the pediatric population.

Regional Status

CAR T cell therapy market can be regionally considered for APAC/Asia Pacific, Europe, MEA/Middle East & Africa and the Americas.

The US is the market leader and will continue to rule all through the appraisal period. The country’s dominance over the global market can be accredited to the escalating burden of cancer among the mass. Players’ focus on development and introduction of effective therapies for cancer treatment also benefits the market. The Centers of Disease Control and Prevention (CDC) released a report in 2016 that said that close to 171,000 people are diagnosed with blood cancer every year in the United States.

Europe has taken the second lead in the worldwide market, as a result of the surging investments as well as exhaustive researches aimed to develop effective cancer therapies. Another factor enhancing the car t cell therapy market size is the escalating number of patients in the region failing to respond effectively to multiple alternative therapies.

Asia Pacific is making significant progress, while China should be covering considerable grounds in the coming few years, owing to the developing healthcare infrastructure coupled with the rising disposable income. The car t cell market size in the region is further bolstered by the rise in government initiatives aimed at improving the health care industry and facilitating extensive researches on cell therapy in view of the growing number of cancer cases.

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This release was published on openPR.