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TCR Therapy Market Overview, Forecast And Trends 2024-2033
TCR Therapy Market Overview
As per the report, the TCR therapy market size has grown exponentially in recent years. It will grow from $0.13 billion in 2023 to $0.18 billion in 2024 at a compound annual growth rate (CAGR) of 40.6%. The TCR therapy market size is expected to see exponential growth in the next few years. It will grow to $0.65 billion in 2028 at a compound annual growth rate (CAGR) of 37.0%.
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Growing Incidence Of Cancer Is Driving The TCR Therapy Market
The growing incidence of cancer is expected to propel the growth of the TCR therapy market going forward. Cancer refers to a group of diseases characterized by the uncontrolled growth and spread of abnormal cells in the body. These cells can invade and destroy healthy tissues, impairing the function of organs and bodily systems. It arises because of lifestyle factors, the aging population, the obesity epidemic, and genetic factors. T-cell receptor (TCR) therapy harnesses the power of the immune system to specifically target and improve the effectiveness of TCR therapy, making it a potentially transformative approach for cancer treatment in the future. For instance, in October 2022, Macmillan Cancer Support, a UK-based healthcare charity organization, estimated that there were 3 million people having cancer in 2020, and it is estimated that it will rise to 3.5 million by 2025, 4 million by 2030, and 5.3 million by 2040. Therefore, the growing incidence of cancer is driving the growth of the TCR therapy market.
Strategic Partnerships Driving Innovation In The TCR Therapy Industry
Major companies operating in the TCR therapy industry are adopting a strategic partnership approach to provide essential treatments to patients and gain a competitive edge in the market. Strategic partnerships refer to a process in which companies leverage each other's strengths and resources to achieve mutual benefits and success. For instance, in December 2023, ImmunoScape, a US-based biotechnology company, partnered with the Experimental Drug Development Centre (EDDC), a Singapore-based pharmaceutical company, to develop new TCR-based bispecific molecules for solid tumors. This partnership aims to leverage ImmunoScape's expertise in systems immunology and computational biology, along with EDDC's capabilities, to advance research in this field and create a strategic alliance that leverages their unique strengths to accelerate the development of more accessible and potentially more effective cancer treatments.
The TCR therapy market covered in this report is segmented -
1) By Product Type: Infusions, Injectables, Other Product Types
2) By Indication: Leukemia, Lymphoma, Myeloma, Other Indication
3) By Distribution Channel: Online, Offline
4) By End-User: Hospital Pharmacy, Retail Pharmacy, Specialty Clinics
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Major companies operating in the TCR therapy market are Pfizer Inc., Johnson & Johnson Services Inc., Novartis AG, Bristol Myers Squibb Company, GlaxoSmithKline PLC, Gilead Sciences Inc., Bluebird bio Inc., Immunocore Limited, Immatics N.V., Poseida Therapeutics Inc., Fate Therapeutics Inc., Atara Biotherapeutics Inc., Intellia Therapeutics Inc., Precision Biosciences Inc., Takara Bio Inc., Tessa Therapeutics, Adaptimmune Therapeutics plc, Cellectis S.A., Zelluna Immunotherapy AS, Cellular Biomedicine Group Inc., Lion TCR Pte Ltd., TCRCure Biopharma Corp., Asher Biotherapeutics Inc., Be Biopharma Inc., Alaunos Therapeutics Inc., China Immunotech Inc.
Contents of the report:
1. Executive Summary
2. TCR Therapy Market Report Structure
3. TCR Therapy Market Trends And Strategies
4. TCR Therapy Market - Macro Economic Scenario
5. TCR Therapy Market Size And Growth
…..
27. TCR Therapy Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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