Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 609.41 Million | USD 6594.52 Million | 26.89% | 2024 |
FrequentlyAsked Questions
CAR T-cell therapy is a kind of cancer immunotherapy that makes use of genetically modified immune cells referred to as T-cells for locating cancer tissues and destroying them. In addition to this, there are three steps involved in the CAR T-cell therapy that include collection of T-cells, infusing of CAR-T cells in the human body, and T-cell engineering. For the record, CAR T-cell therapy is an FDA-approved treatment that can be utilized for treating hematological malignancies such as multiple myeloma, leukemia, and lymphoma.
The global car t-cell therapy market is expected to grow due to increasing prevalence of cancer, advancements in immunotherapy, rising R&D investments, and growing regulatory approvals for innovative treatments.
According to a study, the global car t-cell therapy market size was worth around USD 609.41 Million in 2024 and is expected to reach USD 6594.52 Million by 2034.
The global car t-cell therapy market is expected to grow at a CAGR of 26.89% during the forecast period.
North America is expected to dominate the car t-cell therapy market over the forecast period.
Leading players in the global car t-cell therapy market include Bristol-Myers Squibb Company, Novartis AG, Gilead Sciences, Inc., Johnson & Johnson Services, Inc., JW Therapeutics (Shanghai) Co., Ltd., bluebird bio, Inc., Merck & Co., Inc., Sangamo Therapeutics, Sorrento Therapeutics, Inc., GSK plc., among others.
The report explores crucial aspects of the car t-cell therapy market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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