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

Drivers

Demand for Personalized Medicine

• 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.

Rising Investments Cell Research

Reseach on cells has come a long way owing to robust investments from the public and private sectors around the world. This has resulted in significant advancements in cell research, which are being applied in the development of advanced CAR T-cell therapy thereby creating new business opportunities as well.

Restraints

Risk of Side Effects and Safety Concerns

• CAR T-cell therapy is a very novel procedure and although it has been tested thoroughly, the risk of side effects and long-term safety still lingers. These risks are projected to hamper the adoption of CAR T-cell therapy across the study period and beyond.

High Costs of Treatment

• CAR T-cell therapy treatments are quite expensive due to their novel nature and the requirement of advanced equipment and skilled medical professionals to administer. These high costs limit the accessibility and affordability of treatment, thereby slowing down market growth as well.