T-cell Therapy Market: Increase in Investment in Adoptive T-cell Transfer Approaches of Disease Treatment Drives the Market

Wilmington, Delaware, United States, Transparency Market Research Inc.: T-cell therapy includes using genetically engineered T-cells to produce an artificial T-cell receptor for application in immunotherapy. Both the first two FDA-approved CAR-T therapies target the CD19 antigen, which is found on many types of B-cell cancers. Kymriah is approved to treat relapsed/refractory B-cell precursor acute lymphoblastic leukemia and Yescarta is approved to treat relapsed/refractory diffuse large B-cell lymphoma (DLBCL).

Read Report Overview - https://www.transparencymarketresearch.com/t-cell-therapy-market.html

Growing prevalence of cancer across the world and increase in cancer research & development drive the market. According to the WHO, the number of global cancer deaths is projected to increase by 45% between 2008 and 2030. It is also estimated that by 2030, approximately 10 to 11 million cases of cancers would be diagnosed each year in low- and middle-income countries.

Key Drivers and Restraints of Global T-cell Therapy Market

  • Increase in investment in adoptive T-cell transfer approaches of disease treatment drives the market. Furthermore, technological advancements in manufacturing processes and developments in CAR T-cell therapy for solid tumors fuel the revenue generation. The approvals and clinical success of Kymriah and Yescarta opened new and encouraging avenues for developers of cellular immunotherapies.
  • High prices of therapies are likely to limit the market growth in the near future. The CAR T therapy costs range between US$ 373,000 and US$ 475,000 per infusion. The reimbursement gap remains unsustainable and is a huge impediment to patient access. In the U.S., CMS recently raised reimbursement of the total cost of CAR T-cell therapies from 50% to 65%, effective from 2020.

Request a PDF Brochure - https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=75857

CAR T-cell Therapy Estimated to Dominate Global T-cell Therapy Market

  • Based on type, the global T-cell therapy market can be divided into: CAR T-cell Therapy, T-cell Receptor (TCR)-based, and Tumor Infiltrating Lymphocytes (TIL)-based
  • The CAR T-cell therapy segment dominated the global T-cell therapy market in terms of revenue generation in 2018 and is expected to lead the position during the forecast period. Large number of research institutions and companies are doing clinical studies with different CAR-T products that often target the same condition.
  • In 2018, Kymriah, which is a T-cell therapy for the treatment of acute lymphoblastic leukemia, was manufactured for more than 300 patients intended to be used across 11 countries and 35 certified treatment centers. On the other hand, by June 2018, around 61 cancer centers were authorized for Yescarta administration to patients, which is the first CAR T therapy for adults living with certain types of non-Hodgkin lymphoma. Rise in number of research & development activities boosts the market growth.

Request for Analysis of COVID19 Impact on T-cell Therapy Market - https://www.transparencymarketresearch.com/sample/sample.php?flag=covid19&rep_id=75857

Solid Tumors Segment to Witness Highest Growth

  • Based on indication, the global T-cell therapy market can be divided into: Hematologic Malignancies and Solid Tumors. The hematologic malignancies segment is sub-segmented into lymphoma, leukemia, and myeloma. The solid tumors segment is further segmented into melanoma, brain & central nervous system, liver cancer, and others.
  • In terms of indication, the hematologic malignancies segment dominated the global T-cell therapy market in 2018. CAR T-cell therapy has efficiently proven its effectiveness for hematologic malignancies, especially diffuse B-cell lymphoma (DBCL). Over 25,000 new cases of diffuse large B-cell lymphoma (DLBCL) are diagnosed annually in the U.S., representing an incidence rate of 6.9 per 100,000.
  • However, solid tumors offer tenfold greater opportunity than hematological cancers with possibly 1.3 million cancer patients annually. Effective and affordable CAR-T for solid tumors treatment offers benefits to patients and substantial investment returns to market entities.

North America to Dominate Global T-cell Therapy Market

  • In terms of region, the global T-cell therapy market can be divided into: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • In terms of revenue, North America dominated the T-Cell therapy market in 2018, followed by Europe, due to high number of sponsors from the U.S. for clinical trials, large number of research institute presence, and the U.S. FDA approval of CAR T-cell therapeutics in the U.S. and Canada. In August 2017, the first chimeric antigen receptor T-cell (CAR-T cell) therapy was approved for the market in the U.S. for targeted cancer immunotherapy, and CAR-T cell therapy developers have recently gained entry into the market in Europe as well.
  • Asia Pacific is expected to grow at the highest CAGR during the forecast period. Rise in number of clinical trials pertaining to CAR T-cell therapies and increase in number of diseases are anticipated to boost the growth of the market in this region.

Make an Enquiry Before Buying - https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=75857

Key Manufacturers Operating in Market

The global T-cell therapy market was highly fragmented in 2018. Key manufacturers operating in the global market are:

  • Novartis AG
  • Gilead Sciences, Inc.
  • TCR2 Therapeutics Inc.
  • Sorrento Therapeutics, Inc.
  • Fate Therapeutics
  • Merck KGaA
  • Pfizer
  • Amgen
  • Celgene Corporation

More Trending Reports by Transparency Market Research –

Cholesterol Lowering Drugs Market: https://www.transparencymarketresearch.com/cholesterol-lowering-drugs-market.html

Women’s Health Diagnostics Market: https://www.transparencymarketresearch.com/womens-health-diagnostics-market.html

Traveler’s Diarrhea Treatment Market: https://www.transparencymarketresearch.com/travelers-diarrhea-market.html

Hereditary Angioedema Treatment Market: https://www.transparencymarketresearch.com/hereditary-angioedema-treatment-market.html

Biological Imaging Reagents Market: https://www.transparencymarketresearch.com/biological-imaging-reagents-market.html

Point-of-Care Coagulation Testing Devices Market: https://www.transparencymarketresearch.com/point-of-care-coagulation-testing-market.html

IBD (Ulcerative Colitis and Crohn's Disease) Treatment Market: https://www.transparencymarketresearch.com/inflammatory-bowel-disease.html

Stroke Treatment Market: https://www.transparencymarketresearch.com/stroke-treatment-market.html

About Us

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

For More Research Insights on Leading Industries, Visit Our YouTube Channel and hit subscribe for Future Update - https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ


Rohit Bhisey
Transparency Market Research Inc.
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com

Back to news