Global Chimeric Antigen Receptor (CAR) T Cell Therapy Market by Target Antigen, Indication, and Regions — Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026
The global chimeric antigen receptor (CAR) T cell therapy market is expected to expand at a substantial CAGR during the forecast period, 2020–2026. Chimeric antigen receptor (CAR) T cell therapy is one such novel therapeutic treatment which comprises reengineering cancer patient’s white blood cells (WBC) to fight the malignant cells by recognizing them. During this therapy, the person’s T cells are extracted, preciously reformed and then inserted again to the person’s body where the restructured cell multiply and target cancer cells. CAR-T cell therapy is recognized as vastly effective in patients with blood cancer or hematologic cancer specifically for acute lymphoblastic leukemia (ALL). Cancer has become one of the major cause of deaths worldwide and companies are coming up with various conventional and cytotoxic immunotherapies in the market and keeping into consideration the complex behaviour of tumours and the involvement of varied genetic and cellular factors in tumorigenesis and metastasis, companies are focusing on developing new treatments which would focus on targeting tumours at both genetic and cellular level.
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CAR-T is at the leading stage of cellular therapies, with additional methodologies with its similar challenges and promises. It is expected to remark the new insights and products on the viable capability as more patients are treated in a commercial setting and such therapies are estimated to generate a vast revolution in the oncology sector, complementary to the ongoing breakthrough of immuno-oncology. Biotech and pharma companies are also focusing on mergers, acquisitions and partnerships to gain an edge over competitors in this market. The global CAR-T cell therapy market is primarily driven by increasing number of acquisitions and some of the acquisitions are done to facilitate more innovative research and development activities and this will further boost the global CAR-T cell therapy market during the forecast period. The global chimeric antigen receptor (CAR) T cell therapy market is segmented into target antigen, indication and regions.
Market Trends, Drivers, Restraints, and Opportunities:
- Rise in number of patients presenting a failure response to alternative therapies, growing occurrence of cancer cases across the globe and increase in cancer cases are considered to drive the global chimeric antigen receptor (CAR) T cell therapy market during the forecast period.
- High cost of treatment, complex manufacturing process of CAR-T cells, and lack of specific package availability by the healthcare insurance companies for these treatments are the restraints and it will hamper the growth of the market during the forecast period.
- Research and development programs by various key players and multiple regulatory approvals across the globe are considered as opportunities and it will boost the market growth during the forecast period.
Competitive Landscape:
The world leading players in the global chimeric antigen receptor (CAR) T cell therapy market include includes Bluebird Bio, Celgene Corporation, Gilead Sciences, Inc., Cellectis, Servier Laboratories, Pfizer Inc., Mereck KGaA, Amgen Inc., Intellia Therapeutics, Novartis International AG, Caribou Biosciences, Inc., Celyad, Bellicum Pharmaceuticals, Inc., Noile-Immune Biotech, Nanjing Legend Biotechnology Co., Ltd., Johnson & Johnson, and Sangamo Therapeutics, Inc. Major biotech and pharma companies are focusing on methodologies of securing the end goal to manage position in the market and are associated with mergers and acquisitions, key joint efforts, and novel item advancement to pick up profit share in the business. Novartis AG and Gilead Sciences, Inc. have already initiated the process of commercializing their products of CAR-T cell therapy and these two companies jointly hold most of the global CAR-T cell therapy market.
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The global chimeric antigen receptor (CAR) T cell therapy market has been segmented on the basis of
Target Antigen
- CD19/CD22
- B-Cell Maturation Antigen (BCMA)
- Others
Indication
- Diffuse Large B-Cell Lymphoma (DLBCL)
- Acute Lymphoblastic Leukemia (ALL)
- Chronic Lymphocytic Leukemia (CLL)
- Multiple Myeloma (MM)
- Follicular Lymphoma (FL)
- Others
Regions
- Asia Pacific
- Europe
- North America
- Middle East & Africa
- Latin America
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Table of Contents
- Executive Summary
- Assumptions and Acronyms Used
- Research Methodology
- chimeric antigen receptor (CAR) T cell therapy market Overview
- Global chimeric antigen receptor (CAR) T cell therapy market Analysis and Forecast by Type
- Global chimeric antigen receptor (CAR) T cell therapy market Analysis and Forecast by Application
- Global chimeric antigen receptor (CAR) T cell therapy market Analysis and Forecast by Sales Channel
- Global chimeric antigen receptor (CAR) T cell therapy market Analysis and Forecast by Region
- North America chimeric antigen receptor (CAR) T cell therapy market Analysis and Forecast
- Latin America chimeric antigen receptor (CAR) T cell therapy market Analysis and Forecast
- Europe chimeric antigen receptor (CAR) T cell therapy market Analysis and Forecast
- Asia Pacific chimeric antigen receptor (CAR) T cell therapy market Analysis and Forecast
- Middle East & Africa chimeric antigen receptor (CAR) T cell therapy market Analysis and Forecast
- Competition Landscape
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