According to Future Market Insights, the Chimeric Antigen Receptor (CAR) T-Cell Therapy Market demand is predicted to expand at a 6.9% CAGR from 2023 to 2033. By the year 2033, the global market for Chimeric antigen receptor (CAR) T-Cell Therapy is predicted to reach US$ 6.82 billion. The high effectiveness rates of CAR T-Cell Therapy are one of its main advantages. CAR T-Cell Therapy has shown response rates of up to 90% in clinical trials in specific kinds of leukaemia and lymphoma. This is a huge advancement over standard cancer treatments, which typically have response rates of 20-30%.
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Another advantage of CAR T-Cell Therapy is the possibility of long-term remissions. CAR T-Cell Therapy has resulted in complete remission in some individuals, which means that there is no sign of cancer in the body. This is especially encouraging for individuals with relapsed or refractory malignancies who have exhausted all other therapy choices.
The market for CAR T-Cell Therapy is projected to expand in the coming years as more clinical trials are done and medicines are approved. under addition to the two currently approved medicines, several more CAR T-Cell Therapy for other malignancies are under late-stage clinical research. Advances in gene editing technology are also likely to boost the business, allowing for the creation of CAR T-cell therapies that are more effective and have fewer adverse effects.
Key Takeaways from the Market Study
- The Chimeric antigen receptor (CAR) T-Cell Therapy market is expected to grow at a CAGR of 6.9% in the forecast period 2023 to 2033.
- By type, Yescarta is expected to hold 45% of the market share in 2023 for Chimeric antigen receptor (CAR) T-Cell Therapy market.
- North America is expected to possess 45% market share for Chimeric antigen receptor (CAR) T-Cell Therapy market in 2023.
- Europe Chimeric antigen receptor (CAR) T-Cell Therapy market size is expected to possess 39% market share in 2023.
“The increasing incidence of cancer, rising demand for personalized medicine, and advancements in CAR T-Cell Therapy are some of the major factors driving the growth of the market,” states an FMI analyst.
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Competitive Landscape
Key players in the Chimeric antigen receptor (CAR) T-Cell Therapy market are Abbott Laboratories, Baxter International Inc., Becton, Dickinson and Company, Boston Scientific Corporation, Fresenius SE & Co. KGaA, Johnson & Johnson, Medtronic PLC, Novartis AG, Endo International PLC and Pfizer Inc.
- BD has contributed to CAR T-Cell Therapy is through its flow cytometry technology, which is used to monitor the manufacturing and quality control of CAR T-cell therapies. Flow cytometry is a technique that allows researchers and clinicians to analyze and sort individual cells based on their physical and chemical characteristics. BD offers a range of flow cytometry instruments and reagents that are used to monitor the T-cells used in CAR T-Cell Therapy, as well as the cancer cells targeted by these therapies.
- Boston Scientific has contributed to CAR T-Cell Therapy through its interventional oncology products. These products are designed to treat cancer through minimally invasive procedures, such as tumor ablation or embolization. While these procedures are not directly related to CAR T-Cell Therapy, they can be used to manage complications that may arise during or after CAR T-cell treatment, such as bleeding or swelling in the liver.
More Valuable Insights
Future Market Insights, in its new offering, presents an unbiased analysis of the global chimeric antigen receptor (CAR) T-Cell Therapy market, presenting historical analysis from 2018 to 2022 and forecast statistics for the period of 2023 to 2033.
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Key Segments Profiled in the Chimeric Antigen Receptor (CAR) T-Cell Therapy Market Survey
By Type:
- Abecma
- Breyanzi
- Kymriah
- Tecartus
- Yescarta
- Others
By Application:
- Leukemia
- Lymphoma
- Multiple Myeloma
- Autoimmune Disorders
- Other Application
By End User:
- Hospitals
- Cancer Care Treatment Centers
About Future Market Insights, Inc.
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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