Market Research Report
Cell Based Immunotherapy Market - Growth, Trends, and Forecast (2020 - 2025)
|Published by||Mordor Intelligence LLP||Product code||925307|
|Published||Content info||120 Pages
Delivery time: 2-3 business days
|Cell Based Immunotherapy Market - Growth, Trends, and Forecast (2020 - 2025)|
|Published: February 1, 2020||Content info: 120 Pages||
The Cell-Based Immunotherapy Market is expected to register a CAGR of 15.5% during the forecast period. Cellular immunotherapy also known as adoptive cell therapy is a form of treatment that uses the cells of the immune system to treat cancer.
The immune system is capable of recognizing and eliminating cells that are infected or damaged or cancerous. Immune cells known as killer T cells act against cancerous cells, due to their ability to bind to markers known as antigens on the surface of cancer cells. Cellular immunotherapies utilize the natural ability of the killer T cells and make them fight against cancer cells. Sometimes these T cells get activated before they can effectively kill cancer cells and might not exist in enough numbers to act against cancer cells. In order to address these issues, tumor-infiltrating lymphocyte (TIL) is one form of cell-based immunotherapy. CAR T-cell therapy is another form of cell-based immunotherapy that involves re-engineering a patient's own T-cells to recognize and fight against cancer and these T-cells are genetically altered to express artificial receptors which enable the T-cells to bind to a specific antigen on the patient's tumor cells and kill them.
In the year 2018 World Health Organization (WHO) estimated 18.1 million new cases of cancer and approximately 9.6 million deaths worldwide. In addition, one in 5 men and one in 6 women globally develop cancer during their lifetime, and one in 8 men and one in 11 women die from the disease. Rising prevalence of cancer, technological advancement, and the development of novel target-based anti-cancer therapies are the key driving factors in the cell-based immunotherapy market.
Chimeric Antigen Receptor (CAR) T-Cell Therapy Segment is Expected to Hold a Major Market Share in the Cell Based Immunotherapy Market
North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period
North America is expected to hold a major market share in the global cell-based immunotherapy market due to the rising prevalence of cancer and the growing awareness of cell-based therapies in this region. According to the Disease Control and Prevention (CDC), nearly 245,000 cases of breast cancer in women and about 2,200 are diagnosed in men each year in the United States, approximately 41,000 women and 460 men in the United States die each year from breast cancer. Furthermore, ongoing research in cancer treatment, adoption of advanced technologies in cell-based therapies and the presence of well-established healthcare infrastructure is also fueling the growth of the overall regional market to a large extent.
The Cell Based Immunotherapy Market is consolidated competitive and consists of few major players. In terms of market share, few of the major players are currently dominating the market. Some of the companies which are currently dominating the market are Novartis AG, Gilead Sciences, Inc (Kite Pharma), Apac Biotech, Dendreon Pharmaceuticals LLC, JW CreaGene Co., Ltd and Green Cross Corp (GC Pharma).