T-Cell Immunotherapy Market Size 2022-28: Growth, Trends, Global Share Analysis

According to Precision Business Insights (PBI), the latest report, the market value of the T-Cell Immunotherapy Market size is expected to be valued at USD 4,923.2 million in 2022, which is expected to grow at a CAGR of 18.2% over 2022-2028. The primary factors that drive the market are the increasing prevalence of cancers which is growing the demand for effective treatment and the growing obese and geriatric population.

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CAR T-cell Therapy to Dominate the T-Cell Immunotherapy Market:
Based on therapy type, CAR T-cell therapy holds the highest market share. The major factor for the rise of this segment is exponential growth in the number of clinical trials for CAR-T treatments. the growing participation of key players in this area and a considerable number of new academic and entrants' organizations are showing clinical trials for CAR-T therapeutic goods for same along with different indications which can drive the global T-cell immunotherapy market growth.

North America T-Cell Immunotherapy Market:
North America, followed by Europe, leads the global T-cell immunotherapy market growth due to the growing number of regulatory sanctions in the Canada and the U.S. accompanied by the altering reimbursement scenario. North America leads the global market due to entrenched research infrastructure, increasing funding from public and private sectors, and rising collaborations among global key players have contributed to increasing the sales of T-cell immunotherapy in this region. Moreover, the high prevalence of chronic diseases such as cancer also drives the market growth further. According to NIH, 1,806,509 people were diagnosed with cancer in the United States and 606,520 cases of death were reported.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global T-cell immunotherapy market further reveals that the key players are implementing strategies such as the extension of product collection through research and development activities, product launches, acquisitions, mergers, and strategic alliances to improve their market position and strengthen the market revenue share. In August 2021, Pfizer Inc. acquired Trillium Therapeutics Inc. to get its hand on the next-generation, experimental immuno-therapeutics for hematological malignancies. In March 2020, AlloVir collaborated with Baylor College of Medicine to develop virus-specific, allogeneic, T-cell therapy to fight COVID-19

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The t-cell immunotherapy market is segmented based on modality type, therapy type, indication type, and region.
Based on the modality type, the market is segmented into the following:
• Research
• Commercialized

Based on the therapy type, the market is segmented into the following:
• CAR T-Cell Therapy
• T Cell Receptor (TCR)-based
• Tumor Infiltrating Lymphocytes (TIL)-based

Based on the indication type, the market is segmented into the following:
• Lymphoma
• Leukemia
• Myeloma
• Melanoma
• Brain & Central Nervous System
• Liver Cancer
• Others

Based on the region, the market is segmented into the following:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

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Key players' profiles in the T-Cell Immunotherapy Market report are Novartis AG, Merck KGaA, Gilead Sciences Inc., TCR2 Therapeutics Inc, Bluebird Bio Inc., Sorrento Therapeutics, Fate Therapeutics, Pfizer Inc., Amgen, and Celgene Corporation.

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