Global CAR-T cell therapy Market:
Overview
Cancer is one of the leading causes
of fatalities worldwide. Chimeric antigen receptor or CAR-T cell therapy
comprises re-engineering of WBC or the white blood cells of the cancer-affected
patient. This is fight off cancer cells. During the time of CAR-T cell therapy,
the T-cells of a person are derived, reformed, and the put inside the body of a
human being wherein the restructured cells multiply in number and then attack
the cancer cells.
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Currently, CAR T cell therapy is
considered as an extremely effective procedure for the treatment of patients
suffering from blood cancer and has already been through other methods of
cancer treatment such as chemotherapy. The effectiveness of the process in
treating cancer is likely to fuel growth of the global CAR-T cell therapy
market in the years to come.
Rising incidences of cancer across
the globe together with the relentless technological advancement for reliable
and effective cancer treatment is expected to favor growth of the global CAR-T
cell therapy market over the period of projection, from 2019 to 2027.
Furthermore, growing number of clinical studies in cell therapy is estimated
boost the market over the period of forecast.
This report on the global CAR-T cell therapy market offers a closer
look at the significant changes that took place in the industry of medical
science. The developments are likely to shape the contours of the global CAR-T
cell therapy market over the assessment tenure, from 2019 to 2027. The insights
offered in the report are estimated to help the industry players and investors
to make a correct assessment of the completive ecosystem and make strategies
accordingly.
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Global CAR-T cell
therapy Market: Trends and Opportunities
Rising Geriatric
Population with Weakening Immune System Boost Market Growth
The global CAR-T cell therapy market
is primarily driven by increasing number of acquisitions, thanks to the
augmented importance of cellular therapies. In addition to that, some of the
acquisitions are done to facilitate more innovative research and development
activities, which further boosts the global CAR-T cell therapy market in near
future. A case in point is the leading role played by both Novartis AG and
Gilead Sciences, Inc. following the approval of first therapies in pediatric
Acute Lymphoblastic Leukemia and adult Diffuse Large B-cell Lymphoma or DLBCL.
Scientists, investors, and developers
agree unequivocally that solution to two major problems can offer long-term
success in this field. One of them is the recognition of antigens except CD19
that could be efficaciously targeted with CAR-T cell therapy. The other problem
lies in the indications of tumor, which lies beyond liquid cancers. The
development of the global CAR-T cell therapy market is predicted to garner
momentum from the rising interest of investors, developers, and researchers in
the aid therapy.
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Global CAR-T cell
therapy Market : Regional Outlook
The five important regions in the
global CAR-T cell therapy market include North America, Europe, the Middle East
and Africa, Latin America, and Asia Pacific.
North America is estimated to take
lead of the global CAR-T cell therapy market over the projection period. The
dominance of the region is ascribed to the favorable policies of reimbursement,
growing incidences of severe lymphoblastic leukemia, early availability of
products of CAR-T cell therapy, and high per capita expenditure on healthcare.
In addition, presence of a large number of clinical pipeline drugs that are
expected to get approval for commercialization in near future is likely to fuel
expansion of the global CAR-T cell therapy market.
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Global CAR-T cell
therapy Market : Companies Mentioned in Report
Right now, only two companies namely
Novartis AG and Gilead Sciences, Inc. have already initiated the process of commercializing
their products of CAR-T cell therapy. These two companies jointly hold most of
the global CAR-T cell therapy market. However, there are products of other
companies that are lying in the pipeline for approval. Other market players
comprise Amgen, Inc., Juno Therapeutics, Eli Lilly and Company, Fate
Therapeutics, Inc., Sorrento Therapeutics, and Johnson & Johnson.
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