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Tumor Infiltrating Lymphocytes Global Market Analysis, Trends, Growth, Research And Forecast 2033
Tumor Infiltrating Lymphocytes Global Market Analysis
According to The Business Research Company's, The tumor infiltrating lymphocytes market size has grown rapidly in recent years. It will grow from $9.34 billion in 2023 to $10.72 billion in 2024 at a compound annual growth rate (CAGR) of 14.8%. The growth in the historic period can be attributed to increasing cancer incidence, research funding, regulatory approvals, growing awareness, clinical success and efficacy.
The tumor infiltrating lymphocytes market size is expected to see rapid growth in the next few years. It will grow to $18.32 billion in 2028 at a compound annual growth rate (CAGR) of 14.3%. The growth in the forecast period can be attributed to pipeline developments, increasing healthcare expenditure, emerging markets, strategic alliances, regulatory support, patient demand. Major trends in the forecast period include advancements in immunotherapy, research and development initiatives, regulatory landscape, personalized medicine, market competition.
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Market Drivers and Trends:
The rising number of cancer patients is expected to propel the growth of the tumor infiltrated lymphocytes (TIL) market going forward. Cancer is a condition in which some cells in the body develop uncontrollably and spread to other regions of the body, leading to a range of health issues, some of which can be fatal. Tumor-infiltrating lymphocytes are a type of immune cell that can detect and destroy cancer cells. Tumor-infiltrating lymphocytes are extracted from a patient's tumor and grown externally in massive numbers in a laboratory before being infused back into the patient to assist the immune system in killing the cancer cells. For instance, in January 2022, according to the American Cancer Society, a US-based volunteer health organization committed to cancer, in 2022, there were 1,918,030 new cancer cases and 609,360 cancer deaths projected. Whereas in 2020, there were 1,806,590 new cancer cases and 606,520 cancer deaths projected. Therefore, the rise in cancer patients will drive the tumor infiltrated lymphocyte market.
Technological advancements are a key trend in gaining popularity in the tumor infiltrating lymphocytes market. Major companies operating in the tumor-infiltrating lymphocytes market are focused on developing technologically advanced solutions to strengthen their position in the market. For instance, in May 2022, Obsidian Therapeutics Inc., a US-based biotechnology firm that develops engineered tumor-infiltrating lymphocytes (TIL cells) and gene treatments, announced the release of cytoDRIVE technology. The new technology's data shows how to precisely regulate the time and level of protein activity using FDA-approved small chemicals. Using powerful cytokines like IL12 to support cell treatments, is a potential technique for treating solid cancers. The findings show that numerous cytokines, including IL12, IL23, IL2, and IFN, may be regulated robustly and reversibly, possibly allowing for their safe usage in adoptive cell therapy applications.
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Major Key Players of the Market:
Bellicum Pharmaceuticals Inc.; Novartis AG; Pfizer Inc.; Precision BioScience Inc.; Bluebird Bio Inc.; TCR2 Therapeutics Inc.; Fate Therapeutics Inc.; Merck KGaA; Autolus Therapeutics PLC.; Eli Lilly and Company; Oxford Biomedica PLC.; Seeking Alpha Ltd.; Unum Therapeutics Inc.; Amgen Inc.; Gilead Sciences Inc.; Sorrento Therapeutics Inc.; TILT Biotherapeutics Ltd.; Iovance Biotherapeutics Inc.; Adaptimmune Therapeutics plc; Precision BioSciences; Atara Biotherapeutics Inc.; BioNTech SE; CARsgen Therapeutics Ltd.; Cellectis S.A.; Celyad Oncology SA; CRISPR Therapeutics AG; Editas Medicine Inc.; Intellia Therapeutics Inc.; Kiadis Pharma N.V.; MaxCyte Inc.
Tumor Infiltrating Lymphocytes Market 2024 Key Insights:
• The tumor infiltrating lymphocytes market will grow to $18.32 billion in 2028 at a compound annual growth rate (CAGR) of 14.3%.
• Surge In Tumor-Infiltrated Lymphocytes (TIL) Market Fueled By Rising Cancer Cases
• Technological Innovations Propel Tumor-Infiltrating Lymphocytes Market Forward
• North America was the largest region in the tumor infiltrating lymphocytes market in 2023
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