Cancer is one of the major causes of death across the globe. Chimeric antigen receptor (CAR-T) cell therapy includes re-engineering of the white blood cells (WBC) of the patient to fight off cancer cells. At the time of this therapy, the T-cells of a person are extracted, reformed, and then placed inside the body of a person where the restructured cells increase in number and target cancer cells. At present, CAR T cell therapy is regarded as an immensely efficacious treatment procedure for patients suffering from blood cancer and already has undergone other cancer treatment procedures like chemotherapy. The global CAR-T cell therapy market is estimated to witness growth throughout the assessment tenure due to its effectiveness in the treatment of cancer.
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At present, only two companies, Gilead Sciences, Inc. and Novartis AG, have already started commercializing their CAR-T cell therapy products. These two companies together account for the total share of the global CAR-T cell therapy market. However, there are other vendors in the market with CAR-T cell therapy drug candidates lying at different phases of approval. Such market players are Johnson & Johnson, Celgene Corporation, Fate Therapeutics, Inc., Eli Lilly and Company, Cell Medica, and Amgen, Inc.
Increased Spending on Research and Development to Open New Avenues of Growth
The global CAR-T cell therapy market is likely to be driven by a rising number of acquisitions due to the growing significance of cellular therapies. Furthermore, to promote innovative research and development activities, certain acquisitions are also made, which is likely to support the growth of the global CAR-T cell therapy market. For instance, both Gilead Sciences, Inc. and Novartis AG are leading the market after having their very first therapies approved in adult Diffuse Large B-cell Lymphoma (DLBCL) and pediatric Acute Lymphoblastic Leukemia.
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Developers, investors, and scientists unanimously agree that long-term success in this field is dependent on the solution of two major issues. One of the issues is the identification of antigens other than CD19 that can be aimed at effectively with CAR-T cell therapy. The other issue is going to tumor indications, beyond liquid cancers. The expansion of the global CAR-T cell therapy market is expected to gather momentum from the growing interest of researchers, developers, and investors in the therapy.