Global CAR-T Cell Therapy Market Zooms 6.2X to Touch Whopping USD 57 Billion by 2030

Published | 18 October 2024

Global CAR-T Cell Therapy Market is thriving due to increasing prevalence of cancer, a spurring demand for targeted therapies, and rapid adoption of technological advancements.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Global CAR-T Cell Therapy Market size by value at USD 9.11 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects Global CAR-T Cell Therapy Market size to expand at a robust CAGR of 30.20% reaching a value of USD 56.80 billion in 2030. Global CAR-T Cell Therapy Market is driven by several key factors, including the increasing prevalence of cancer necessitates innovative treatments, boosting demand for CAR-T therapies. Advancements in CAR-T technology enhance treatment efficacy and safety. Growing demand for targeted and personalized therapies further propels market growth. Additionally, rising clinical trial activities and supportive regulatory frameworks encourage research and development, fostering market expansion.

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Opportunity – Expansion into other Indications

Global CAR-T Cell Therapy Market is growing with the expansion of new regulations. Initially focused on leukemia, CAR-T therapies are now being investigated for solid tumors and other diseases. Wide access enables patients to access and drives the market. Ongoing research and clinical trials are aimed at increasing the efficacy of CAR-T therapies for the conditions, driving market expansion.

Impact of Escalating Geopolitical Tensions on Global CAR-T Cell Therapy Market

Increasing geopolitical tensions could impact Global CAR-T Cell Therapy Market by disrupting supply chains and increasing input costs. Trade restrictions and political and economic instabilities could delay production and distribution. These challenges are forcing manufacturers to seek new sources and change processes, potentially increasing prices for consumers and affecting market growth.

Yescarta Holds Major Share of Global CAR-T Cell Therapy Market

The Axicabtagene Ciloleucel (Yescarta) segment accounts for the largest market share of Global CAR-T Cell Therapy Market by drug indication, due to its high efficacy in treating certain types of blood cancers, particularly diffuse large B-cell lymphoma (DLBCL). Yescarta's success in clinical trials and its widespread adoption in various regions contribute to its leading position in the market. The other major drug indication segments in Global CAR-T Cell Therapy Market include Brexucabtagene Autoleucel (Tecartus), Ciltacabtagene Autoleucel (Carvykti), Idecabtagene Vicleucel (Abecma), Lisocabtagene Maraleucel (Breyanzi), and Tisagenlecleucel (Kymriah).

Competitive Landscape

Global CAR-T Cell Therapy Market is fiercely competitive, with numerous companies vying for a larger market share. Major companies in the market include Bristol-Myers Squibb, Sorrento Therapeutics, Inc., Celgene Corporation, Merck & Co., Inc., Novartis AG, Celyad Oncology, Juno Therapeutics, Inc., Autolus Therapeutics, Cellectis, Miltenyi Biotech, Intellia Therapeutics, and Pfizer, Inc. These companies use various strategies, including increasing investments in their R&D activities, mergers and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in Global CAR-T Cell Therapy Market.

Don’t miss the business opportunity Global CAR-T Cell Therapy Market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Global CAR-T Cell Therapy Market. It also highlights the factors driving forecasts of total Market size. The report promises to provide recent technological trends in Global CAR-T Cell Therapy Market and industry insights to help decision-makers make sound strategic decisions. Further, the report also analyzes the growth drivers, challenges, and competitive dynamics of the Market.

Scope of the Report

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