CAR T-Cell Therapy Market to Exhibit Significant Incremental Dollar Opportunity During the Forecast Period 2022-2032

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According to a market analysis by Persistence Market Research, the global CAR T-cell treatment market had a value of US$ 1.2 billion in 2020 and is projected to grow to US$ 2.8 billion by 2031, representing a CAGR of 5.6% over the forecast period (2021-2031). CAR T-cell therapy, a subset of T-cell therapy or a method of treating cancer cells, commands around 27% of the market for T-cell therapy as a whole.

The development of CAR T-cells for therapeutic applications is anticipated to be fueled by the rising incidence of cancer. Artificial T-cell receptors may be used in the therapy of a number of malignancies, as has been generally accepted.

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The process of creating CAR T-cells starts with the patient’s T-cells being removed, followed by apheresis, and then the patient’s T-cells are sent to the production facility. CAR T-cell production is now limited to a few number of factories, most of which are found in the United States and Europe. According to Persistence Market Research, the global CAR T-cell therapy market will grow at a CAGR of 5.6% from 2017 to 2031. This growth is primarily attributable to the growing number of CAR T-cell clinical trials, the involvement of key players in manufacturing, and the rising demand for cancer therapy.

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Car T-Cell Therapy Market Industry Research by Category

Product

    • Yescarta (axicabtagene ciloleucel)
    • Kymriah (tisagenlecleucel)
    • JCAR017 (lisocabtagene maraleucel)
    • bb2121

Indication

    • Relapsed Large B-cell Lymphoma
    • Acute Lymphoblastic Leukemia (ALL)
    • Multiple Myeloma

End User

    • Car T-Cell Therapy at Hospitals
    • Car T-Cell Therapy at Cancer Treatment Centers

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Competitive Landscape

Companies providing CAR T-cell therapy are vigorously seeking to strengthen their position through collaborations, approvals, acquisitions, and agreements with established as well as emerging market players.

    • In May 2019, a Japanese government panel approved Novartis to sell Kymriah in Japan for $306,000 for treating the young population with acute lymphoblastic leukaemia (ALL) and the adult population with diffuse large B-cell lymphoma (DLBCL).
    • In August 2017, Gilead Science acquired Kite Pharma Inc., an industry leader in the emerging field of cell therapy.
    • In December 2017, Gilead Science acquired Cell Design Labs Inc. This acquisition benefits Gilead in the attainment of new technology platforms that will enhance research & development efforts in cellular therapy.

Companies

    • Novartis AG
    • Gilead Sciences Inc.
    • Celgene Corporation
    • bluebird bio, Inc.

Category-wise Insights
Why is Demand for Yescarta (axicabtagene ciloleucel) Rising Rapidly?

    • In terms of product, Yescarta (axicabtagene ciloleucel) holds a high share of over 57% in 2021. Yescarta (axicabtagene ciloleucel) is a treatment for large B-cell lymphoma, which is used when conventional treatment methods do not work effectively.
    • Large B-Cell Lymphoma Holds highest Market Share by Indication?
    • In terms of indication, relapsed large B-cell lymphoma holds approximately 90% market share in 2021. This is a condition when the lymphoma does not respond to treatment or when the response to treatment lasts for a short period.

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Persistence Market Research (PMR), as a 3rd-party research organization, does operate through an exclusive amalgamation of market research and data analytics for helping businesses ride high, irrespective of the turbulence faced on the account of financial/natural crunches.

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