What is Immune Cell Therapy Market?
Immune cell therapy is a new type of cancer treatment that boosts or enhances the body's immune system so that malignant cells can be targeted and destroyed more effectively. Immunotherapy, according to many experts, is the most promising new cancer treatment since the invention of chemotherapy. Nonspecific immunotherapies and cancer vaccines are examples of immune treatment. Nonspecific immunotherapies can be used in conjunction with or after other cancer treatments including chemotherapy and radiation therapy, or as a stand-alone therapy. Interferons, which activate the immune system to fight cancer, and interleukins, which enable the immune system manufacture cancer-fighting cells, are two common nonspecific immunotherapies. Cancer vaccines elicit an immune response to eliminate a specific protein by exposing the immune system to antigens.
The market study is being classified, by Application (Cancer, Autoimmune Disease and Chronic Inflammation) and major geographies with country level break-up.
Johnson & Johnson (United States), Pfizer Inc. (United States), Amgen Inc. (United States), Novartis AG (Switzerland), McKinsey & Company (United States), Bristol-Myers Squibb Company (United States), Gilead Sciences, Inc. (United States), Noile-Immune Biotech (Japan), Juno Therapeutics (United States) and Bluebird Bio (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Fate Therapeutics (United States), Legend Biotechnology Co., Ltd (United States) and Sorrento Therapeutics, Inc. (United States).
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Immune Cell Therapy market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Immune Cell Therapy market by Type, Application and Region.
On the basis of geography, the market of Immune Cell Therapy has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Surge In Prevalence Of Cancer Among Global Population
Market Trend
- Strong R&D Initiatives From Key Companies Are All Driving Immune Cell Therapy
Restraints
- High Cost Associated With Immune Cell Therapy
Opportunities
- Increase In Awareness About The New Approach To Treat Cancer Leads To Increase In Demand For Immune Cell Therapy
- Government Favorable Incentives For Cancer Treatment
Challenges
- Challenges To Develop Immune Cell Therapy Products
Key Target Audience
Immune Cell Therapy, New Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others