According to IMARC Group latest report titled” T-cell Therapy Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market exhibited strong growth during 2015-2020. The Global T-cell Therapy Market to grow at a CAGR of around 15% during the forecast period (2021-2026). T-cell therapy refers to an immunotherapy approach, which is also known as adoptive cell transfer (ACT), wherein the immune cells from the body of the patient are used to treat cancer. It comprises of an antigen-binding domain (ectodomain), a transmembrane domain, intracellular (endodomain), and Immune Receptor Tyrosine-Based Activation Motifs (ITAMs). T-cell therapy can be based on CAR T-cells, T-cell Receptors (TCRs), or Tumor-Infiltrating Lymphocytes (TIL). It involves collecting T-cells via apheresis and re-engineering them in a laboratory. These re-engineered cells are multiplied and then infused into the body to recognize and kill cancer cells with targeted antigens on their surface. As a result, T-cell therapy is widely utilized in cancer treatment centers and hospitals across the globe.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
The growing incidences of cancer, owing to the escalating consumption of tobacco products, unhealthy food habits, and sedentary lifestyles, are primarily driving the T-cell therapy market. In line with this, the increasing prevalence of bone marrow and blood-forming tissue diseases is further catalyzing the market growth. Moreover, the sudden outbreak of the COVID-19 pandemic is propelling the adoption of T-cell therapies for nursing high-risk patients, which is also augmenting the global market. Besides this, the expanding utilization of ACT processes for treating children with Acute Lymphoblastic Leukemia (ALL) and adults with advanced lymphomas is projected to bolster the T-cell therapy market over the forecasted period.
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Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- Amgen Inc.
- Aurora Biopharma Inc.
- bluebird bio Inc
- Bristol-Myers Squibb Company
- Fate Therapeutics
- Gilead Sciences Inc.
- Merck KGaA
- Mustang Bio Inc.
- Novartis AG
- Pfizer Inc.
- Sorrento Therapeutics Inc.
- TCR2 Therapeutics
T-cell Therapy Market Segmentation:
Our report has categorized the market based on region, modality, therapy type and indication.
Market Breakup by Modality:
Market Breakup by Therapy Type:
- CAR T-cell based
- T Cell Receptor (TCR) based
- Tumor Infiltrating Lymphocytes (TIL) based
Market Breakup by Indication:
- Hematologic Malignancies
- Solid Tumors
- Brain and Central Nervous System
- Liver Cancer
Market Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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