In 2022, the global Chimeric Antigen Receptor (CAR) T-Cell Therapy Market was valued at US$ 2.54 billion, and is poised for substantial growth. Forecasts predict that the market will expand to US$ 3.5 billion by 2023 and is projected to reach an impressive US$ 6.82 billion by 2033, maintaining a steady CAGR of 6.9% from 2023 onwards. This remarkable trajectory is primarily attributed to advancements in technology and the escalating demand for personalized treatment options. Notably, from 2018 to 2022, the CAR T-cell therapy market witnessed a robust growth at a CAGR of 7%.
A distinguishing feature of CAR T-cell therapy lies in its remarkable efficacy. Clinical trials have demonstrated response rates of up to 90% in certain leukemia and lymphoma cases, a substantial leap compared to conventional cancer treatments which typically yield response rates averaging 20-30%.
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Another advantage of CAR T-cell therapy is its potential to provide long-lasting remissions. In some patients, CAR T-cell therapy has led to complete remission, meaning that there is no evidence of cancer in the body. This is a particularly promising result for patients with relapsed or refractory cancers, who have exhausted all other treatment options.
The CAR T-cell therapy market is expected to continue to grow in the coming years as more clinical trials are conducted and more therapies are approved. In addition to the two currently approved therapies, there are several other CAR T-cell therapies in late-stage clinical development for various types of cancers. The market is also expected to benefit from advancements in gene editing technology, which could enable the development of CAR T-cell therapies that are more effective and have fewer side 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.
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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 market, presenting historical analysis from 2018 to 2022 and forecast statistics for the period of 2023 to 2033.
The study reveals essential insights on the basis of Type (Abecma, Breyanzi, Kymriah, Tecartus, Yescarta, Others) Application (Leukemia, Lymphoma, Multiple Myeloma, Autoimmune Disorders, Other Application) End User Hospitals and Cancer Care Treatment Centers) Region (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)
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Key Segments Profiled in the 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
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
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