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CAR T Cell Therapy Market Research by Key Types and Major Application, Analysis and Forecasts Till 2032

Oct 18, 2023 4:18 PM ET

CAR T Cell Therapy Market Research by Key Types and Major Application, Analysis and Forecasts Till 2032

CAR T Cell Therapy Market Research Report Information By Target Antigen (CD19, CD22), By Application (Diffuse Large B-cell Lymphoma, Acute Lymphoblastic Leukemia) and Region (US, Europe, China and Rest of World) – Forecast till 2032

Market Overview

The CAR T Cell Therapy market is projected to reach USD 7.2 Billion by 2032 at 14.5% CAGR during the forecast period 2023-2032. 

Competitive Analysis

The major market players are Pfizer (US), Kite Pharma (US), Novartis (Switzerland), Cellectis (Switzerland) and Juno Therapeutics (US).

Market Dynamics

The CAR T-cell therapy is primarily utilized to treat lymphoma, acute lymphocytic leukemia, and multiple myeloma. Due to their numerous advantages over conventional pharmaceuticals, CAR T-cell therapy products have a high adoption rate, leading to the expansion of the CAR T-cell therapy market.

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The major factors driving the CAR T-cell therapy market are the surge in demand for optimal therapeutics for the treatment of cancer, the rise in the prevalence of cancer, the favorable reimbursement policies in certain countries for CAR T-cell therapy medicines, and the rise in awareness of CAR T-cell therapy medicines. The market for CAR T-cell therapy is growing due to the rapid expansion of clinical trial activities and the recent commercialization of CAR-T cell therapy, both of which are anticipated to offer lucrative opportunities for market expansion.

 The COVID-19 pandemic negatively impacted the market because COVID-19 patients are given treatment priority. Discovery and development of CAR T-cell therapy medicines delayed but did not cease during the pandemic. The significant reduction in clinical trials as a result of stringent government guidelines against COVID-19 hinders the expansion of the market for CAR T-cell therapy. Decline in people transit, closing of borders, and confinement of the population impacted the supply chains of these life-saving medical products in the CAR T-cell therapy market share.

In the aftermath of the pandemic, however, the demand for CAR T-cell therapy medicines is anticipated to increase due to a surge in research and development, the rapid expansion of clinical trial activities, and the recent commercialization of CAR-T cell therapy. Thus, such a development is anticipated to stabilize the CAR T-cell therapy market and fuel its expansion.

Market Segmentation

The global CAR-T cell therapy market by targeted antigen includes BCMA that is B-Cell maturation antigen, CD19/CD22, and others like PSCA, Lewis Y, ROR1, NKR-2, and MUC16 amongst others.

The application market segment of the CAR-T cell therapy includes Diffuse Large B-Cell Lymphoma, Acute Lymphoblastic Leukemia and Other.

Regional Analysis

Market research on CAR-T cell gene therapy shows that the North American region is poised for rapid expansion during the forecast period, with a CAGR of 36.4%, thanks to the prevalence of key market participants and the widespread availability of approved therapeutics driving increased uptake of CAR T cell therapies.

Browse In-depth Market Research Report (88 Pages) on CAR T Cell Therapy :

CAR-T cell therapy is another business that stands to benefit greatly from shifting consumer preferences and the rising use of cutting-edge technologies. European Medicines Agencies (EMA) recommendations to approve Yescarta and Kymriah point to favorable characteristics that will drive market expansion through 2028.

 Given the region’s large patient pool, increasing awareness of CAR T-cell treatment, and the impending introduction of CART medicines, Asia-Pacific is projected to post the greatest CAGR throughout the projection period.

About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

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