Press release
2025-2034 TCR Therapy Market Outlook: Key Drivers, Emerging Challenges, and Strategic Insights
TCR Therapy
What Will the TCR Therapy Industry Market Size Be by 2025?
The market size for TCR therapy has expanded rapidly in the past years. Projected to rise from $0.18 billion in 2024 to $0.26 billion in 2025, it will enjoy a compound annual growth rate (CAGR) of 39.3%. Elements contributing to the growth during the previous period include the escalating prevalence of cancer, a growing intrigue in immunotherapy, positive outcomes from clinical trials, and ample financial backing from investors.
What's the Long-Term Growth Forecast for the TCR Therapy Market Size Through 2029?
In the upcoming years, the TCR therapy market is projected to witness a massive surge in growth. The market is predicted to expand to "$0.85 billion in 2029, with a compound annual growth rate (CAGR) of 35.1%. This projected growth over the forecast period is due to factors such as the rise in ongoing clinical trials, the implementation of cutting-edge technologies in the healthcare sector, the growing usage in solid tumors, regulatory backing and streamlined approval protocols, and integration with other therapeutic methods. The trending factors over the forecast period include the extension to solid tumors, advancing TCR engineering, boosted personalization and neoantigen identification, worldwide collaborations and strategic alliances, and relentless research in immunology and tumor biology.
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What Are the Key Growth Drivers Fueling the TCR Therapy Market Expansion?
The surge in cancer cases is anticipated to stimulate the expansion of the TCR therapy market. Recognized as a collection of ailments marked by the unregulated growth and dissemination of irregular cells in the body, cancer has the ability to invade and damage healthy tissues, affecting organ function and overall body systems. It usually results from lifestyle choices, an aging population, obesity crisis, and inherited conditions. T-cell receptor (TCR) therapy leverages the capabilities of the immune system to precisely target and enhance the efficacy of this therapeutic procedure, making it a promising breakthrough for future cancer treatments. For example, Macmillan Cancer Support, a healthcare charity located in the UK, projected in October 2022 that the number of people with cancer, which stood at 3 million in 2020, is expected to rise to 3.5 million by 2025, 4 million by 2030, and 5.3 million by 2040. Hence, the increasing prevalence of cancer is contributing to the rise of the TCR therapy market.
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Which Fast-Growing Trends Are Poised to Disrupt the TCR Therapy Market?
Primary organizations in the TCR therapy market are engaging in strategic collaborations to deliver critical treatments to patients while securing a market advantage. Strategic partnerships involve companies benefiting from each other's strengths and assets to realize shared advantages and accomplishments. For example, in December 2023, ImmunoScape, an American biotechnology firm, formed an alliance with the Experimental Drug Development Centre (EDDC), a pharmaceutical company based in Singapore, to pioneer TCR-based bispecific molecules for solid tumors. This collaboration's goal is to utilize ImmunoScape's proficiency in systems immunology and computational biology and EDDC's capabilities to enhance research in this area. It's a strategic pact aiming to utilize their distinct strengths to expedite the creation of more obtainable and likely more effective cancer treatments.
How Is the TCR Therapy Market Segmented?
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
Subsegments:
1) By Infusions: Autologous TCR Infusions, Allogeneic TCR Infusions
2) By Injectables: TCR-based Injectable Formulations, Injectable TCR Gene Therapies
3) By Other Product Types: TCR-Engineered Cell Therapies, TCR Combination Therapies with Other Immunotherapies, TCR-Based Biologics
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Which Companies Are Leading the Charge in TCR Therapy Market Innovation?
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.
Which Regions Are Leading the Global TCR Therapy Market in Revenue?
North America was the largest region in the TCR therapy market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the TCR therapy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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