About Engineered T Cells
Increasing in the incidence of lung cancer and high utilization of engineered T cells for the treatment of lung cancer will help to fuel global engineered T cell market in the forecasted period. Engineered T cells are also called as specifically modified T cells. Engineered T cells are specially designed for the treatment of primary immune deficiencies, autoimmune diseases, and cancer. It enables the decrease of toxicities as well as prevent antigen escape. It is also used in skin diseases, cardiovascular, orthopedic problems, and neurodegenerative diseases, immune deficient disorders.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia- Pacific |
Unit | Value (USD Million) |
Engineered T Cells is a fragmented market due to the presence of various players. The players are focusing on strategic activities like partnerships, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Engineered T Cells market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Autolus Limited (United Kingdom), Bellicum Pharmaceuticals, Inc. (United States), Cells Medica (United Kingdom), Elli Lilly and Company (United States), Gilead Sciences, Inc. (United States), Juno Therapeutics (United States), Novartis AG (Switzerland), Oxford Biomedica (United Kingdom), Pfizer Inc. (United States) and Precision Bioscience. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Redmile Group LLC (United States), Seeking Alpha (United States) and Unum Therapeutics Inc (United States).
Segmentation Overview
AMA Research has segmented the market of Global Engineered T Cells market by Type (Tumor Infiltrating Lymphocytes, T Cell Receptor (TCR) and Chimeric Antigen Receptor (CAR)), Application (Lung Cancer, Breast Cancer, Colorectal Cancer, Melanoma, Leukemia and Others) and Region.
On the basis of geography, the market of Engineered T Cells has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, 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). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by End User, the sub-segment i.e. Hospitals will boost the Engineered T Cells market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Government Support towards Modernized Healthcare Infrastructure, Technological Advancement In Established Nations and High Adoption Due to various Advantages such as Targeted Drug delivery and Fewer Side Effects
Market Growth Drivers:
High Demand due to Growing Prevalences of Various Types of Cancers and Growing Demand For Biopharmaceutical Therapies
Challenges:
Stringent Government Regulation Regarding FDA Approval
Restraints:
Rising Concern about High Cost oF Treatment and Risk Associated with Engineered T Cell Treatments
Opportunities:
Huge Demand in Emerging Countries and The Upsurge in Technological Advancement and R&D in Engineered T Cells
Market Leaders and their expansionary development strategies
In April 2019, Kite, a Gilead Company has announced plans for a new facility in Frederick County, Maryland, which will produce innovative cell therapies for people with cancer. It offers a variety of chimeric antigen receptor T (CAR T) therapies, such as Yescarta (axicabtagene ciloleucel), Kite’s first commercially available CAR T cancer therapy, and investigational T cell receptor (TCR) cell therapies being assessed in solid tumors.
In April 2023, Autolus Therapeutics plc, a clinical-stage biopharmaceutical company developing next-generation programmed T cell therapies, today announced it has selected Cardinal Health Inc, to support the launch and commercialization of its CAR T-cell therapies in the United States, subject to FDA approval.
Key Target Audience
Treatment Providers, Healthcare Industries, Medical Institutes, Government Regulatory Bodies, Government And private Research Organization and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.