Press release
Chimeric Antigen Receptor T (CAR-T) Cells Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | Novartis International AG, Pfizer Inc, Kite Pharma, Autolus Therapeutics Plc, CARsgen Therapeutics Company Limited
Chimeric Antigen Receptor T (CAR-T) Cells Market Characteristics
The Business Research Company offers in-depth market insights through Chimeric Antigen Receptor T (CAR-T) Cells Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The chimeric antigen receptor t (car-t) cells market size has grown exponentially in recent years. It will grow from $2.76 billion in 2023 to $3.89 billion in 2024 at a compound annual growth rate (CAGR) of 40.9%. . The growth in the historic period can be attributed to breakthrough fda approvals, successful clinical trials and patient outcomes, advances in gene editing techniques, growing investment from pharmaceutical companies, rising incidence of cancer .
The chimeric antigen receptor t (car-t) cells market size is expected to see exponential growth in the next few years. It will grow to $14.35 billion in 2028 at a compound annual growth rate (CAGR) of 38.5%. . The growth in the forecast period can be attributed to regulatory streamlining, the exploration of car-t therapy, market expansion in emerging economies, personalized medicine adoption, awareness and education. Major trends in the forecast period include off-the-shelf car-t therapies, combination therapies, technological advancements, long-term safety and efficacy, advancements in manufacturing.
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Market Segmentation:
The main target antigens of chimeric antigen receptor T (CAR-T) cells are CD19, CD22, and other antigens. The CD19 antigen refers to use of CAR T-cells for the immunotherapy-based treatment for B-cell acute lymphoblastic leukemia. The application of chimeric antigen receptor T (CAR-T) cells includes acute lymphoblastic leukemia, diffuse large B-cell lymphoma, and other applications that are used in hospitals, cancer research centers, and clinics.
Major Driver - Rising Cancer Occurrence Drives Growth In Chimeric Antigen Receptor T (CAR-T) Cells Market
The increasing occurrence of cancer is driving the chimeric antigen receptor T (CAR-T) cells market. Cancer is a chronic disease in which normal body cells divide and grow without any control and affect the nearest body tissue and turn into tumors cells. The chimeric antigen receptor T (CAR-T) cells are used to treat various types of cancers such as hematological malignancies, including acute lymphoblastic leukemia, chronic lymphocytic and can also treat solid tumors such as breast cancer and sarcoma. For instance, in 2021, according to the American Cancer Society, a voluntary health organization, global cancer patients diagnosed is expected to reach 1.9 million in 2021. Due to population increase and age, the worldwide burden of cancer is predicted to reach 27.5 million new cases and 16.2 million cancer deaths by 2040. Therefore, the rising prevalence of cancer disease is anticipated to boost the chimeric antigen receptor T (CAR-T) cells market in the upcoming years.
Competitive Landscape:
Major companies operating in the chimeric antigen receptor T (CAR-T) cells market report are Novartis International AG, Pfizer Inc, Kite Pharma, Autolus Therapeutics Plc, CARsgen Therapeutics Company Limited, Bristol-Myers Squibb Company, Legend Biotech, Mustang Bio Inc, Bluebird Bio Inc, Legend Biotech, Allogene Therapeutics, Atara Biotherapeutics, Bellicum Pharmaceuticals, Carisma Therapeutics, TCR² Therapeutics.
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Top Trend - Innovative Product Developments In Chimeric Antigen Receptor T (CAR-T) Cells Market
Product innovation is a key trend gaining popularity in the chimeric antigen receptor T (CAR-T) cells market. Major market players operating in the chimeric antigen receptor T (CAR-T) cells market are concentrating their efforts on creating innovative technologies to develop novel CAR-T cell-based treatments. For instance, in December 2021, Novartis AG, a Switzerland-based pharmaceutical company specializing in the development and manufacturing of drugs launched the T-Charge CAR-T platform. This technology-enabled platform enables the self to renew and maturation CAR-T cells offering a greater proliferative environment for cells.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Chimeric Antigen Receptor T (CAR-T) Cells Market Characteristics
3. Chimeric Antigen Receptor T (CAR-T) Cells Market Trends And Strategies
4. Chimeric Antigen Receptor T (CAR-T) Cells Market - Macro Economic Scenario
5. Chimeric Antigen Receptor T (CAR-T) Cells Market Size And Growth
…..
27. Chimeric Antigen Receptor T (CAR-T) Cells Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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