CAR T-Cell Therapy Market Size, Share, Growth Analysis, By Product (Yescarta, Kymriah), By Target (CD19, BCMA), By Indication, By Demographic, By End User, By Region - Industry Forecast 2024-2031

Global CAR T-Cell Therapy Market size was valued at USD 5.2 billion in 2022 and is poised to grow from USD 7.27 billion in 2023 to USD 106.06 billion by 2031, growing at a CAGR of 39.80% during the forecast period (2024-2031).

CAR T-cell therapy companies should focus on research to improve efficacy of their offerings and make them more affordable as well. CAR T-cell therapy companies should also focus on providing CAR T-cell therapies for a wide variety of diseases to maximize their business scope in the long run. Partnerships, government grants, and mergers are some key aspects that will play a crucial role in success of any CAR T-cell therapy company going forward. 'Novartis AG (Switzerland) ', 'Johnson & Johnson (US) ', 'JW (Cayman) Therapeutics Co. Ltd. (Cayman Islands) ', 'Immunoadoptive Cell Therapy Private Limited (Immunoact) (India) ', 'Carsgen Therapeutics Holdings Limited (China) ', 'IASO Biotherapeutics (China) ', 'Guangzhou Bio-Gene Technology Co., Ltd (Hedy Group Co., Ltd.) (China) ', 'Cartesian Therapeutics, Inc. (US) ', 'Autolus Therapeutics (UK) ', 'Allogene Therapeutics (US) ', 'Crispr Therapeutics (Switzerland) ', 'Wugen (US) ', 'Sangamo Therapeutics, Inc. (US) ', 'Bluebird Bio, Inc. (US) ', 'TCR2 Therapeutics Inc. (US) ', 'Genocea Biosciences, Inc. (US) ', 'Blairex Laboratories, Inc. (US) ', 'Medigene AG (Germany) ', 'Athenex, Inc. (US) ', 'Zymeworks Inc. (Canada) ', 'Regenxbio Inc. (US)'

Personalized medicine has exhibited immense potential in recent years and as it gains popularity among patients, it is also expected to promote the demand for CAR T-cell therapy over the coming years. The efficacy of CAR T-cell therapy can be optimized through a personalized approach and this is what will drive market growth in the future.

Development of Allogeneic CAR T-cell Therapy

North America is projected to account for a dominant share of the global CAR T-cell therapy market. High investments in medical R&D and rising acceptance of cell therapies among patients are projected to help the high market share of this region. The United States is estimated to be the most opportune market for CAR T-cell therapy companies owing to the presence of key CAR T-cell therapy providers. High healthcare spending potential and rising availability of reimbursement of CAR T-cell therapies will also create new opportunities for CAR T-cell therapy providers in the future.