CAR T-Cell Therapy Market 2023: To Witness Tremendous Growth, $6.1 Billion by 2031

CAR T-cell therapy is an innovative form of cancer treatment that uses genetically engineered immune cells to target and kill cancer cells. T-cells are extracted from the patient’s blood, modified in a laboratory to produce chimeric antigen receptors (CARs), which allow them to recognize and attack cancer cells, and then infused back into the patient’s body. The global car t cell therapy market size was valued at $1.7 billion in 2021, and is projected to reach $6.1 billion by 2031, growing at a CAGR of 13.5% from 2022 to 2031.

CAR T-Cell therapy Market in Short:

CAGR: 13.5%
Current Market Size: USD $1.7 billion
Fastest Growing Region: APAC
Largest Market: North America
Projection Time: 2021-2031
Base Year: 2021

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Which is the largest regional market for CAR T-Cell therapy?

North America is the largest regional market for CAR T-Cell therapy.

What is the leading application of CAR T-Cell therapy Market?

The leading application of CAR T-Cell therapy Market are lymphoma and immunotherapy.

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• Covid 19 impact trends and perspective
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• Blanket coverage on competitive landscape
• Winning imperatives
• Exhaustive coverage on ‘Strategic Developments’ registered by leading players of the market

Covid-19 Situation –

• The number of CAR T-cell therapies reduced considerably during the Covid-19 pandemic, due to shift of resources toward treatment of increasing Covid-infected patients. Governments of many countries released guidelines that postponed the non-elective surgeries.
• Discovery and development activities of CAR T-cell therapy medicine slowed down significantly. The decrease in number of clinical trials impacted the CAR T-cell therapy market size.

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CAR T-cell therapy has shown remarkable success in treating certain types of blood cancers, such as leukemia and lymphoma, even in patients who have not responded to other treatments. However, the therapy can also cause severe side effects, such as cytokine release syndrome, which can be life-threatening.

While CAR T-cell therapy is still a relatively new treatment, it holds great promise for improving the outcomes of cancer patients and may also be effective in treating other types of cancers in the future.

While CAR T-cell therapy has shown promising results in clinical trials, it can also cause serious side effects, including cytokine release syndrome (CRS), which is a potentially life-threatening immune reaction, and neurotoxicity, which can cause confusion, seizures, and other neurological symptoms. Therefore, CAR T-cell therapy is typically only used in patients who have not responded to other types of cancer treatments.

Major Key Market Players in the Industry –

• Autolus Therapeutics,
• Bluebird bio, Inc.,
• Bristol-Myers Squibb,
• Caribou Biosciences, Inc.,
• Cartesian Therapeutics, Inc.,
• Celgene Corporation,
• Cellectis,
• Celyad Oncology,
• Gilead Sciences, Inc. (Kite Pharma Inc.),
• Intellia Therapeutics,
• Juno Therapeutics, Inc.,
• Merck & Co., Inc.,
• Miltenyi Biotech,
• Novartis AG,
• Pfizer, Inc.,
• Sorrento Therapeutics, Inc.

Market: By Region Outlook

• North America (U.S., Canada, Mexico)
• Europe (UK, Germany, France, Spain, Italy, Rest of Europe)
• Asia-Pacific (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)
• LAMEA (Brazil, South Africa, Turkey, Saudi Arabia, Rest of LAMEA)

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Important Questions Being Answered by This Market Report Are –

Q1. Which is the largest regional market for CAR T-Cell therapy?

Q2. What is the estimated industry size of CAR T-Cell therapy?

Q3. Which are the top companies to hold the market share in CAR T-Cell therapy?

Q4. Which is base year calculated in the CAR T-Cell therapy market report?

Key findings of the study –

• By drug type, the axicabtagene ciloleucel segment held the largest share in the CAR T-cell therapy market in 2021.
• By indication, the lymphoma segment held the largest share in the CAR T-cell therapy market in 2021.
• By end user, the cancer centers segment is expected to show the fastest market growth during the forecast period.

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