# CAR T-cell Therapy Market to Earn US$ 21.8 Bn by the End 2031
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2021-11-22
Category: Research Reports
Category URL: https://financedigest.com/category/research-reports
Meta Title: Global CAR T-Cell Therapy Market: Increase in Incidence of
Meta Description: Discover the latest trends in the global CAR T-cell therapy market, projected to expand at a CAGR of 30.6% from 2021 to 2031. Get insights on approved products
URL: https://financedigest.com/car-t-cell-therapy-market-to-earn-us-21-8-bn-by-the-end-2031html

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**CAR T-cell Therapy Market: Introduction**

According to the report, the global [CAR T-cell therapy market](https://www.transparencymarketresearch.com/car-t-cell-therapy-market.html) was valued at US$ 1.1 Bn in 2020 and is projected to expand at a CAGR of 30.6% from 2021 to 2031. CAR T-cell therapy is a recently approved treatment option for various types of cancer. CAR T cell therapy is provided by removing or harvesting T cells from a patient with cancer, transfecting the cells with CAR genes that are directed against the patient’s tumor type, expanding the modified T cell population, and reinfusing the cells back into the patient. Currently, Kymriah, Yescarta, Tecartus, Breyanzi, and ABECMA are the [CAR T-cell therapy approved](https://www.financedigest.com/eu-approves-law-to-end-sales-of-new-co2-emitting-cars-by-2035.html "EU approves law to end sales of new CO2-emitting cars by 2035") products for acute lymphocytic leukemia, diffuse large B-cell lymphoma, mantle cell lymphoma, follicular lymphoma, multiple myeloma, and others.

The global [CAR T-cell therapy market](https://www.financedigest.com/new-suppliers-race-to-plug-in-to-electric-car-market.html "New suppliers race to plug in to electric car market") is driven by increase in incidence of cancer and strong product pipeline. North America dominated the global CAR T-cell therapy [market in 2020 and the trend is anticipated](https://www.financedigest.com/turpentine-market-anticipated-to-exceed-us-1-51-bn-by-2028-fmi.html "Turpentine Market anticipated to exceed US$ 1.51 Bn by 2028 – FMI") to continue during the forecast period. Highly structured healthcare industry, early adoption of new products, high prevalence rate of cancer, and presence of major players are [expected to propel the CAR T-cell therapy market](https://www.financedigest.com/behavioural-health-market-is-expected-to-be-valued-at-us-156-3-bn-by-2028-end-fmi.html "Behavioural Health Market is expected to be valued at US$ 156.3 Bn by 2028 end: FMI") in North America. Asia Pacific is likely to be a highly lucrative market for [CAR T-cell therapy during the forecast](https://www.financedigest.com/mercedes-benz-lifts-profit-forecast-as-luxury-cars-boom.html "Mercedes-Benz lifts profit forecast as luxury cars boom") period. The [market in the region is projected to expand at a high CAGR](https://www.financedigest.com/two-wheeler-lead-acid-batteries-market-is-estimated-to-exhibit-a-healthy-6-cagr-from-2019-to-2029-to-reach-a-valuation-of-more-than-us-7-bn-by-the-end-of-2029.html "Two Wheeler Lead Acid Batteries Market is estimated to exhibit a healthy 6% CAGR from 2019 to 2029, to reach a valuation of more than US$ 7 Bn by the end of 2029") from 2021 to 2031.

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[**Increase in Incidence of Cancer and Strong Product Pipeline to Drive Global Market**](https://www.financedigest.com/pad-printing-machine-market-to-top-us-1-8-bn-driven-by-increasing-application-of-multicolor-machines-fmi.html "Pad Printing Machine Market to Top US$ 1.8 Bn Driven by Increasing Application of Multicolor Machines: FMI")

Increase in incidence of cancer and [strong product pipeline are anticipated to boost the growth](https://www.financedigest.com/impact-com-ends-2022-with-strong-momentum-driven-by-client-and-agency-partner-growth.html "impact.com Ends 2022 with Strong Momentum Driven by Client and Agency Partner Growth") of the global CAR T-cell therapy market. According to the WHO, one in five people develop cancer during their lifetime, and one in eight [men and one in 11 women](https://www.financedigest.com/bloom-uk-launches-fourth-annual-co-mentoring-scheme-the-exchange-for-senior-and-c-suite-men-and-women.html "Bloom UK launches fourth annual co-mentoring scheme, The Exchange, for senior and C-suite men and women") die from the disease. These new estimates suggest that more than 50 [million people are living](https://www.financedigest.com/collegiate-ac-and-shuman-capital-launch-e300-million-european-student-living-fund.html "Collegiate AC and Shuman Capital launch €300 million European Student Living Fund") within five years of a past cancer diagnosis. According to the WHO, in 2020, around 544,352 new cases of non-Hodgkin lymphoma were [recorded globally](https://www.financedigest.com/global-energy-related-co2-emissions-edged-up-to-record-high-in-2022-iea.html "Global energy-related CO2 emissions edged up to record high in 2022 – IEA").

Strong product pipeline is a major factor [driving the demand for CAR](https://www.financedigest.com/reasons-you-need-a-car-insurance-when-driving-in-thailand.html "Reasons You Need a Car Insurance When Driving in Thailand") T-cell therapy products. For instance, Autolus Therapeutics plc has one innovative product, AUTO1, in phase I trial for treatment of adult acute lymphoblastic leukemia. AUTO1 contains obecabtagene autoleucel, which is a CD19 CAR T cell investigational therapy designed to overcome the limitations in clinical activity and [safety](https://www.financedigest.com/how-technology-is-improving-car-safety.html "How technology is improving car safety") compared to current CD19 CAR T cell therapies.

**Axicabtagene Ciloleucel to Dominate CAR T-cell Therapy Market**

In terms of product type, the global CAR T-cell therapy market has been classified into axicabtagene ciloleucel, tisagenlecleucel, brexucabtagene autoleucel, lisocabtagene maraleucel, idecabtagene vicleucel, and others. The axicabtagene ciloleucel segment dominated the global CAR T-cell therapy [market in 2020 and the trend is expected to continue during the forecast period](https://www.financedigest.com/wood-preservative-coatings-market-expected-at-a-cagr-of-6-2-us-125-bn-during-the-forecast-period-2017-2027.html "Wood Preservative Coatings Market   expected at a CAGR of ~ 6.2% & US$ 125 Bn during the forecast period 2017–2027"). Yescarta is a product, which contains axicabtagene ciloleucel. [Increase in demand](https://www.financedigest.com/corrugated-boxes-market-to-surpass-us-128-3-bn-as-recycled-boxes-demand-increases-by-4-7-fmi.html "Corrugated Boxes Market to Surpass US$ 128.3 Bn as Recycled Boxes Demand Increases by  4.7%: FMI") for Yescarta in the treatment of diffuse large B-cell lymphoma and follicular lymphoma is likely to boost the growth of the segment during the forecast period. In October 2017, Kite Pharma, Inc. received the U.S. FDA approval for Yescarta for adult patients with relapsed or refractory follicular lymphoma (FL) after two or more lines of systemic therapy.

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Tisagenlecleucel was the [second largest segment in terms of market share](https://www.financedigest.com/unicredit-gets-ecbs-green-light-for-second-1-billion-euro-share-buyback.html "UniCredit gets ECB’s green light for second 1 billion euro share buyback") in 2020. Increase in demand for Kymriah for treatment of acute lymphoblastic lymphoma and product approval in different countries are likely to drive the segment.

**Diffuse Large B-cell Lymphoma to be Highly Lucrative**

Based on indication, the global CAR T-cell therapy market has been categorized into acute lymphocytic leukemia, diffuse large B-cell lymphoma, mantle cell lymphoma, follicular lymphoma, multiple myeloma, and others. The diffuse large B-cell lymphoma segment dominated the CAR T-cell therapy market due to increase in incidence of diffuse large B-cell lymphoma. Diffuse large B-cell lymphoma is the most common type of non-Hodgkin lymphoma. Increase in number of cases of non-Hodgkin lymphoma is likely to propel the segment during the forecast period. According to WHO, globally, around 544,352 new non-Hodgkin lymphoma cases were recorded in 2020.

**Hospitals to Emerge as Significant End-user**

In terms of end-user, the global CAR T-cell therapy market has been divided into hospitals and cancer treatment centers. The hospitals segment led the global CAR T-cell therapy [market in terms of revenue in 2020 and the trend is projected to continue during the forecast period](https://www.financedigest.com/mechanical-performance-tuning-components-market-is-projected-to-exhibit-a-moderate-cagr-of-around-4-over-the-period-of-2019-2029-to-reach-a-valuation-of-us-260-bn-by-the-end-of-2029.html "Mechanical Performance Tuning Components Market is projected to exhibit a moderate CAGR of around 4% over the period of 2019-2029, to reach a valuation of US$ 260 Bn by the end of 2029"). The hospitalization for [cancer treatment is anticipated to boost](https://www.financedigest.com/astrazeneca-lifts-2022-earnings-outlook-as-cancer-drugs-boost-results.html "AstraZeneca lifts 2022 earnings outlook as cancer drugs boost results") the growth of the hospitals segment. Moreover, increase in use of CAR T-Cell therapy in the treatment of cancers contributes to the segment’s large market share. The segment is driven by surge in number of cancer patients who visit hospital for treatment of cancer.

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**North America to Dominate CAR T-cell Therapy Market**

In terms of region, the global CAR T-cell therapy market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global CAR T-cell therapy market in 2020, followed by Europe. North America’s large market share can be ascribed to technologically advanced research and treatment platforms, increase in number of cancer patients, new product launches, and presence of major players. The CAR T-cell therapy [market in Asia Pacific is anticipated to expand at a high CAGR](https://www.financedigest.com/inkjet-printers-market-is-expanding-at-a-healthy-6-7-cagr-and-projected-to-reach-us-74-1-bn-by-2028-fmi.html "Inkjet Printers Market is expanding at a healthy 6.7% CAGR, and projected to reach US$ 74.1 Bn by 2028: FMI") from 2021 to 2031. This can be ascribed to the presence of developing countries with commercial hubs, expansion of business organizations, rise in [awareness about CAR](https://www.financedigest.com/being-aware-of-the-insurance-blind-spot-when-it-comes-to-driverless-cars.html "Being aware of the insurance blind spot when it comes to driverless cars") T-cell therapy, improvement in healthcare infrastructure, and increase in investments by companies.

**Competition Landscape**

The global [CAR T-cell therapy market is consolidated due to limited approved](https://www.financedigest.com/eu-approves-effective-ban-on-new-fossil-fuel-cars-from-2035.html "EU approves effective ban on new fossil fuel cars from 2035") products. Key players operating in the global market include Pfizer, Inc., Novartis AG, Bristol-Myers Squibb, Amgen, Inc., Sorrento Therapeutics, Inc., Johnson & Johnson Services, Inc., Gilead Sciences, Inc., Merck & Co., Inc., and bluebird bio, Inc.

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