Growth Driving Opportunities And Strategies In The CAR-T Therapy Market
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The CAR-T therapy market is expected to reach from $10.37 billion in 2023 to $31.50 billion in 2025 at a rate of 24.9%. The growth is mainly due to an increased prevalence of cancer and increased awareness about the therapy. The market is expected to stabilize $6.10 billion in 2030.
The chimeric antigen receptor -T therapy market consists of sales of CAR-T therapy products and related services by entities (organizations, sole traders and partnerships) that develop chimeric antigen receptor (CAR) T-cell therapies to treat blood cancers.
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CAR-T Therapy Market Driver
The rise in the number of blood cancer cases across the globe is likely to contribute to the growth of the CAR-T therapy market during the forecast period.
CAR-T Therapy Market Trends
The developers and providers of the CAR-T therapy market are investing in research and development to remodel the design of CAR-T therapy to reduce its side effects on cancer patients. The original CAR-T therapy causes neurologic side effects such as delirium, speech problems, seizures and tremors though it provides long-lasting remissions for some patients with very advanced cancer. The remodeled CAR-T therapy with a renewed design results in far fewer neurologic side effects than that of the original therapy. It also helps to reduce the levels of cytokines which cause neurologic side effects.
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Opportunities And Recommendations For The CAR-T Therapy Market
Opportunities – The top opportunities in the CAR-T therapy market segmented by target antigen will arise in the CD19 segment. The top opportunities in the CAR-T therapy market segmented by application will arise in the diffuse large B-cell lymphoma segment. The CAR-T therapy market size will gain the most in the USA.
Recommendations – The Business Research Company recommends the CAR-T therapy market companies to focus on adoption of machine learning and artificial intelligence technologies, remodeled CAR-T cell therapy, expanding in countries offering advanced technologies, focus on developed markets, offer bundled payments, increase visibility through websites, focus on patient referral systems, focus on hospitals and other treatment centers among other strategies.
Major Players And Regions Of The CAR-T Therapy Market
Major players in the CAR-T therapy market are Gilead Sciences, Novartis AG.
The CAR-T Therapy Market Report 2022 – Opportunities And Strategies – Global Forecast To 2030 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the CAR-T therapy market.
CAR-T Therapy Market Segmentation By The Business Research Company
1) By Target Antigen – CD19, CD22, BCMA, Others
2) By Application – Acute Lymphoblastic Leukemia, Diffuse Large B-Cell Lymphoma, Follicular Lymphoma, Chronic Lymphocytic Leukemia, Multiple Myeloma, Others
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