The global CAR T-cells therapy market size reached USD 1.29 Billion in 2021 and is expected to register a revenue CAGR of 24.9% during the forecast period, according to latest analysis by Emergen Research. Increasing prevalence of cancer across the globe and rising mortality rate from cancer are expected to drive the global CAR-T cell therapy market revenue growth over the forecast period. Rapidly expanding clinical trial activities, proliferating mergers & acquisitions, and attractive initial public offerings are contributing to revenue growth of the global CAR T-cell therapy market. Consistent research on cancer and its treatment, as well as advances in medicines, further support the expansion of the market.
Chimeric antigen receptor cell therapy is a technique for altering T-cells, a kind of white blood cell in the laboratory so that they can detect malignant cells. CAR T-cell therapy is often commonly referred to as a type of cell-based gene therapy, as it modifies the genes of T cells to make them more effective at combating cancer. CAR T therapy is used to treat specific types of blood malignancies and is also being investigated for other cancer types. On 28 May 2022 for instance, Novartis announced, that the U.S. Food and Drug Administration (FDA) granted Kymriah, (tisagenlecleucel) accelerated clearance for therapy in patients with refractory follicular lymphoma after two or more lines of systemic therapy. Although the first authorized anti-CD19 CAR T treatment provided promising results, complications such as high relapse rates and resistance were encountered, necessitating the search for modified CAR T-cells that are more effective for therapeutic usage. CAR T-cell structure and manufacturing innovations have resulted in considerable gains in effectiveness and persistence, especially with the creation of fourth-gen CAR T-cells. When used in conjunction with an immune modifier, fourth-generation, and next-generation CAR T-cells will not be restricted by cytotoxic effects and will be an effective weapon for conquering the tumor microenvironment.
Chimeric antigen receptor T-cell treatments have demonstrated the potential to revolutionize cancer therapy, but their use is now restricted to patients with certain recurring and resistant liquid cancers. To understand CAR Ts full potential, investments are being done in optimizing autologous CAR Ts for liquid tumors, expanding number of healthcare settings that administer CAR T, reducing innovation processing times to enable success in solid tumors, and developing next-generation CAR T-cell therapies. CAR T-cell therapies have ample potential as immunotherapy-based cancer treatment. It involves genetically modifying T-cells from the patient or a donor to develop a chimeric antigen receptor that targets a tumor antigen precisely.
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The market intelligence report is a prototype of the 360° overview of the global CAR-T cell therapy industry, shedding light on the estimated market value, share, growth trends, gross revenue, competitive overview, prominent manufacturers and buyers, available product types, and end-use applications.
Competitive Landscape:
The latest research report is inclusive of a precise summary of the intensely competitive landscape of the global CAR-T cell therapy market. It offers a systematic presentation of the company profiles of the leading market players. This section of the report analyzes the effective initiatives undertaken by these players for business expansion in the long run. In addition, this section highlights the key developments and financial positions of these companies to explain the overall market scenario. The company profiles of the established and new players have been assessed using certain effective analytical tools, such as Porter’s Five Forces analysis and SWOT analysis.
The major companies Covered in the report are:
Novartis AG, Pfizer Inc., CARsgen Therapeutics Co., Ltd, Daiichi Sankyo Company, Limited, Bristol-Myers Squibb Company, Astellas Pharma Inc., BioNTech SE, Biocad, F.Hoffmann-La Roche Ltd., and Eli Lilly and Company
This report is the latest document discussing the current economic situation gravely impacted by the COVID-19 outbreak in detail. The global health emergency has led to massive changes in the global economy and the CAR-T cell therapy business sphere. The current scenario of this ever-evolving business vertical has been clearly depicted in the report, which contains a broad analysis of the pandemic’s present and future effects.
Segments Covered in this report are:
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About Emergen Research
Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trend’s existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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