CAR T-Cell Therapy Market Analysis, Recent Trends and Regional...

CAR T-Cell Therapy Market Analysis, Recent Trends and Regional Growth Forecast by 2032

Posted 2024-01-25 17:13:40

According to a new report published by K D Market Insights, titled, “CAR T Cell Therapy Market Insights, Trends, Opportunity & Forecast, 2023–2032,” the global CAR T cell therapy market size is anticipated to witness moderate growth during the forecast period i.e., 2023-2032. The increasing prevalence of cancer and the rising demand for targeted and personalized treatment options. Car t cell therapy, a groundbreaking immunotherapy approach, has revolutionized the treatment landscape by leveraging a patient's own immune cells to target and eliminate cancer cells. Which are the major factors augmenting the growth of the global car t cell therapy market.

CAR T cell therapies offer a promising treatment option for patients with relapsed or refractory cancers, who have limited treatment alternatives. Which is further expected to create ample growth opportunities for the global car t cell therapy market during the forecast period i.e., 2023-2032. Moreover, the growing demand for targeted and personalized therapies, is increasing has propelled market expansion. Advancements in car t cell therapy manufacturing and delivery processes is expected to contribute towards the market growth during the period.

The North America region accounted for the largest share in the global CAR T cell therapy market in 2022. The region is further projected to continue dominating in the market and also register the highest CAGR in the market during the forecast period. This can be attributed to the advanced healthcare infrastructure, favorable reimbursement policies, and early adoption of innovative therapies.

According to system type, the cell-free expression systems segment accounted for the largest market share in the CAR T cell therapy market in 2022 and is further expected to continue with the trend during the forecast period i.e., 2023 – 2032.

The global car t cell therapy market is segmented into product type, cancer type, end user and region. Based on product type, the market is bifurcated into axicabtagene ciloleucel, tisagenlecleucel, brexucabtagene autoleucel, lisocabtagene maraleucel, idecabtagene vicleucel, others. Based on cancer type, it is classified into leukemia, lymphoma, multiple myeloma, others. Based on end user, it is classified into hospitals, clinics, research institutes.

The global CAR T cell therapy market is analyzed across North America (U.S. & Canada), Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Indonesia, Thailand, Australia, New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of Latin America) and Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, and Rest of Middle East & Africa).

Key Insights of CAR T Cell Therapy Market

On the basis of cancer type, the leukemia segment accounted for the largest market share in the CAR T cell therapy market in 2022 and is further expected to continue with the trend during the forecast period i.e., 2023 – 2032.
On the basis of region, North America accounted for the largest share in the global CAR T cell therapy market in 2022. The region is further projected to continue dominating in the market during the forecast period.
On the basis of region, Asia-Pacific is estimated to account for the second largest share in the market during the forecast period.

Some of the major CAR T cell therapy companies profiled in the report include Pfizer, Inc., Novartis AG, Bristol-Myers Squibb, Amgen, Inc., Sorrento Therapeutics, Inc., Johnson & Johnson Services, Inc., Gilead Sciences, Inc., Merck & Co., Inc., and bluebird bio, Inc.