The latest report by IMARC Group, titled “T-cell Therapy Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2032,” offers a comprehensive analysis of the T-cell therapy market. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry.
The global T-cell therapy market size reached USD 3.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 13.2 Billion by 2032, exhibiting a growth rate (CAGR) of 15.9% during 2024-2032.
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T-cell Therapy Market Trends:
The global market is primarily driven by the advancements in immunotherapy as T-cell therapies offer targeted and effective treatment for cancer and other severe diseases. Moreover, the rising cancer incidence worldwide has led to an increased need for novel therapeutic options. Additionally, the success of CAR-T cell therapies in clinical trials is encouraging further investments in research and development. Furthermore, the expanding applications of T-cell therapies beyond oncology, such as in autoimmune and infectious diseases, are driving market growth.
Besides, the growing support from regulatory agencies, which are fast-tracking approvals for these therapies, enhances the market’s potential. The rising trend of personalized medicine is another key factor, as T-cell therapies are often customized to patient-specific conditions. Moreover, collaborations between biotech companies and research institutions are accelerating product development. Additionally, the increasing healthcare expenditure and growing awareness of immunotherapy’s benefits are further propelling market expansion.
T-cell Therapy Market Scope and Growth Analysis:
The scope of the market is broadening due to the rising demand for personalized treatments. The focus on cancer immunotherapy, where T-cell therapies have shown considerable success in clinical applications is supporting the market. Additionally, the market scope is widening as these therapies are being explored for non-cancerous conditions, such as autoimmune diseases, offering new avenues for growth. The introduction of allogeneic T-cell therapies, which aim to provide off-the-shelf solutions, is also a factor broadening the market scope.
Furthermore, the growing investments in cell therapy research and the development of improved manufacturing processes are enabling the scaling of production, making these therapies more accessible. The market analysis also indicates that geographical expansion into emerging economies, supported by improving healthcare infrastructure, is contributing to the broader reach of these therapies. Besides, collaborations between pharmaceutical giants and biotech startups are pushing the limits of innovation in T-cell therapies.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- Amgen Inc.
- Aurora Biopharma Inc.
- bluebird bio Inc.
- Bristol-Myers Squibb Company
- Fate Therapeutics
- Gilead Sciences Inc.
- Merck KGaA
- Mustang Bio Inc. (Fortress Biotech Inc.)
- Novartis AG
- Pfizer Inc.
- Sorrento Therapeutics Inc.
- TCR2 Therapeutics.
T-cell Therapy Market Segmentation:
Our report has categorized the market based on modality, therapy type and indication.
Breakup by Modality:
- Research
- Commercialized
Breakup by Therapy Type:
- CAR T-cell based
- T Cell Receptor (TCR) based
- Tumor Infiltrating Lymphocytes (TIL) based
Breakup by Indication:
- Hematologic Malignancies
- Lymphoma
- Leukemia
- Myeloma
- Solid Tumors
- Melanoma
- Brain and Central Nervous System
- Liver Cancer
- Others
- Others
Breakup by Region:
- North America (USA, Canada)
- Europe (Germany, France, UK, Italy, Spain, Russia, others)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, others)
- Middle East/Africa
- Latin America (Brazil, Mexico, others)
According to the report, North America accounted for the largest market share.
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