CAR T CELL THERAPY MARKET ANALYSIS

CAR T Cell Therapy Market, By Targeted Antigen (CD19, BCMA, HER2, GD2, CD20, CD22, CD30, CD33, HER1, Others (CLDN18, etc.)), By Therapeutic Application (Acute Lymphocytic Leukemia, Chronic Lymphocytic Leukemia, Diffuse Large B-cell Lymphoma (DLBCL), Follicular Lymphoma, Mantle Cell Lymphoma, Multiple Myeloma, Glioblastoma, Sarcoma, Neuroblastoma, Acute Myeloid Leukemia, Breast Cancer, Pancreatic Cancer, Hepatocellular Carcinoma, Colorectal Cancer, Others (Gastric Cancer, etc.)), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

Published In : Jan 2023
Code : CMI102
Pages :222
Formats :
Excel and PDF
Industry : Biotechnology

Market Challenges And Opportunities

Global CAR T Cell Therapy Market - Drivers

Increasing prevalence of cancer is expected to propel growth of the global CAR T cell therapy market during the forecast period. For instance, in February 2022, the World Health Organization (WHO) published a fact sheet according to which, every year around 400,000 children develop cancer and 2.26 million cases of breast cancer were found in 2021, globally.

Furthermore, key companies focusing on product approval is expected to propel growth of the global CAR T cell therapy market during the forecast period. For instance, in April, 2022, Kite Pharma, Inc., a subsidiary of Gilead Sciences, Inc., one of the research-based biopharmaceutical company focused on the discovery, development, and commercialization of innovative medicines, obtained the U.S. Food and Drug Administration approval for Yescarta for initial treatment of relapsed or refractory large B-cell lymphoma (LBCL).

Global CAR T Cell Therapy Market: Restraint

The major factor that hinder growth of the global CAR T cell therapy market include the side effects of CAR T cell therapy. For instance, in March, 2022, American Cancer Society, a nationwide voluntary health organization, published a data according to which there are many possible side effects of CAR T cell therapy which includes: high fever and chill, trouble breathing, severe nausea, vomiting, and/or diarrhea, feeling dizzy or lightheaded, headaches, fast heartbeat, feeling very tired, muscle and/or joint pain etc.