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.
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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