Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 378.49 million | USD 2406.39 million | 26.20% | 2022 |
FrequentlyAsked Questions
CAR T-cell therapy is a kind of cancer immunotherapy that makes use of genetically modified immune cells referred to as T-cells for locating cancer tissues and destroying them.
The global CAR T-cell therapy market growth is owing to favorable compensation policies and an increase in awareness about this treatment mode.
According to a study, the global CAR T-cell therapy industry size was $ 378.49 million in 2022 and is projected to reach $2,406.39 million by the end of 2030.
The global CAR T-cell therapy market is anticipated to record a CAGR of nearly 26.20% from 2023 to 2030.
The Asia-Pacific CAR T-cell therapy industry is set to register the highest CAGR over the forecasting timeline owing to the presence of key players in countries such as India, China, South Korea, Thailand, Taiwan, and Japan. Apart from this, growing awareness about CAR T-cell therapy in the region and the availability of strong healthcare infrastructure facilities in the sub-continent will prop up the expansion of the industry in the region.
The global CAR T-cell therapy market is led by players such as Intellia Therapeutics, Pfizer Inc., Autolus Therapeutics, CARsgen Therapeutics Co. Ltd., Juno Therapeutics, Inc., Sorrento Therapeutics, Inc., bluebird bio, Inc., CELGENE CORPORATION, Eureka Therapeutics Inc., Avacta Life Sciences Ltd., Calyxt Inc., Celyad Oncology SA, Fortress Biotech, Inc., Amgen Inc., IMMUNE THERAPEUTICS, INC, Caribou Biosciences, Inc., Gilead Sciences, Inc., Merck KGaA, Novartis AG, Alaunos Therapeutics, Inc., and Poseida Therapeutics, Inc.
The CAR T-cell therapy market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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