LONDON--(BUSINESS WIRE)--Technavio analysts forecast the global CAR T-cell therapy market to grow at a CAGR of over 63% during the forecast period, according to their latest market research report.
The collaborative R&D efforts are one of the major trends being witnessed in the global CAR T-cell therapy market 2018-2022. The majority of therapies in the global CAR T-cell therapy market are still in the early stages of clinical trials. Currently, the research is dominated by the biotech companies, which do not receive huge funding required to carry out the research completely. These companies license out molecules or technology platforms to the pharmaceutical companies or collaborate with them or various research programs.
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According to Technavio analysts, one of the key factors contributing to the growth of the global CAR T-cell therapy market is the proven effectiveness of CAR T-cell therapy:
Global CAR T-cell therapy market: Proven effectiveness of CAR T-cell therapy
CAR-T cell therapies are proven to have higher efficacy than other therapies that are currently available in the market for the treatment of cancer. The ability of CAR to bind to the T-cell, especially when delivered through monoclonal antibodies, results in the easy penetration of cells into the cancer-causing cells in the patients.
According to a senior analyst at Technavio for research on infectious and rare diseases, “Novartis is developing Kymriah, a CAR T-cell therapy, for various other cancers such as CLL, multiple myeloma, and non-Hodgkin’s lymphoma, with the primary objective of the study being to increase effectiveness while reducing side effects of the therapy.”
Global CAR T-cell therapy market: Segmentation analysis
The global CAR T-cell therapy market research report provides market segmentation by antigen (CD19, CD22, and others) and by region (the Americas, EMEA, and APAC). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.
The CD19 segment held the largest market share in 2017, contributing to over 88% of the market. This antigen segment will dominate the global market throughout the forecast period.
The Americas held the largest share of the market in 2017, accounting for over 64% share, followed by EMEA and APAC, respectively. Although APAC held the smallest share of the market, it is expected to witness the maximum increase in its market share over the forecast period.
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