Engineered T Cells Market by Type (Chimeric Antigen Receptor (Car) Modified T Cells, T Cells Receptor (Tcr) Modified T Cells and Tumor Infiltrating Lymphocytes), Application (Lung Cancer, Breast Cancer, Colorectal Cancer, Melanoma, Leukemia, and Others Application), and End User (Hospital, Cancer Research Center, and Clinic): Global Opportunity Analysis and Industry Forecast, 2021––2030
The global engineered T cells market was valued at $9,668.0 million in 2020, and is projected to reach $149,650.6 million by 2030, registering a CAGR of 32.5% from 2021 to 2030.
T cell is a type of white blood cell, which plays an important role in cell-medicated immunity. Engineered T cells are genetically modified T cells, specifically altered for therapeutic actions against autoimmune diseases and various types of cancers. The engineered T cells are delivered into patient’s body to reduce toxicity levels and restrict antigen escape (inability of immune system to respond to an infectious agent) for elimination of cancerous cells.
The increase in prevalence of cancer globally drives the growth of engineered T cells market. For instance, according to World Health Organization (WHO), cancer is a leading cause of death worldwide, accounting for nearly 10 million deaths in 2020, or nearly one in six deaths. In addition, surge in geriatric population propels the growth of engineered T cells market. The R&D in the T cell technology by manufacturers and researchers contributes in the growth of market. Furthermore, initiatives taken by governments and private organization to treat and improve the lifestyle of cancer patients boost the market growth. The rise in number of hospitals and well-developed healthcare infrastructure further contributes in market growth.
In addition, increase in advancement in T cell therapy and new product launch contribute in the growth of the engineered T cells market. However, the high cost of T cell technology is expected to limit the growth of market.
The engineered T cells market is segmented on the basis of type, application, end user, and region. By type, the market is mainly categorized into chimeric antigen receptor (CAR) modified T cells, T cells receptor (TCR) modified T cells, and tumor infiltrating lymphocytes. By application, it is categorized into lung cancer, breast cancer, colorectal cancer, melanoma, leukemia and others application. Based on end user, it is divided into hospital, cancer research center, and clinic. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The major companies profiled in the report include Amgen Inc, Athenex Inc, Bellicum Pharmaceuticals, Inc., Bristol-Myers Squibb, Eli Lilly And Company, Gilead Sciences, Inc., Novartis Ag, Oxford Biomedica Plc, Pfizer Inc., and Precision Biosciences Inc.
KEY BENEFITS FOR STAKEHOLDERS
The report provides an in-depth analysis of the global Engineered T cells market size along with the current trends and future estimations to elucidate the imminent investment pockets.
It offers market analysis from 2021 to 2030, which is expected to enable the stakeholders to capitalize on the prevailing opportunities in the market.
A comprehensive analysis of the region assists to understand the regional market and facilitate strategic business planning and determine prevailing opportunities.
The profiles and growth strategies of the key players are thoroughly analyzed to understand the competitive outlook of the global Engineered T cells market growth.
KEY MARKET SEGMENTS
By type
Chimeric Antigen Receptor (Car) Modified T Cells
T Cells Receptor (Tcr) Modified T Cells
Tumor Infiltrating Lymphocytes
By application
Lung Cancer
Breast Cancer
Colorectal Cancer
Melanoma
Leukemia
Others Application
By end user
Hospitals
Cancer Research Centers
Clinics
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia Pacific
Japan
China
Australia
India
South Korea
Taiwan
Rest of Asia Pacific
LAMEA
Brazil
Turkey
Saudi Arabia
South Africa
Rest of LAMEA
KEY MARKET PLAYERS
Amgen Inc
Athenex Inc
Bellicum Pharmaceuticals, Inc.
Bristol-Myers Squibb
Eli Lilly And Company
Gilead Sciences, Inc.
Novartis Ag
Oxford Biomedica Plc
Pfizer Inc.
Precision Biosciences Inc.
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