T-cell Therapy Market Size, Share, Growth Analysis, By Modality(Research, Commercialized), By Type(CAR T-cell Therapy, T Cell Receptor (TCR)-based, Tumor Infiltrating Lymphocytes (TIL)-based), By Indication(Hematologic Malignancies, Solid Tumors, others), By End User, By Region - Industry Forecast 2024-2031

Global T-Cell Therapy Market size was valued at USD 2.83 billion in 2022 and is poised to grow from USD 3.83 billion in 2023 to USD 43.0 billion by 2031, growing at a CAGR of 35.3% during the forecast period (2024-2031). 

One of the main causes of mortality across the globe is cancer. It is predicted that by the end of 2040, there will be an additional 27.5 million cancer cases worldwide, placing a significant financial, emotional, and physical burden on those who are affected, their families, communities, and national health systems. Although there are several treatments available to slow the disease's growth and prevent cancer cells from spreading throughout the body, achieving a long-lasting remission is challenging.

In this regard, immunotherapies, a more recent addition to the spectrum of anticancer treatments, have shown a lot of promise. T-cell therapies (more specifically, CAR-T therapies, TCR therapies, and TIL therapies) have emerged as a promising option among the current efforts made to develop more targeted anti-cancer therapies. This is due to their capacity to eradicate tumor cells from the body with a minimum of treatment-related side effects. Globally, cancer treatment has been transformed by this very effective and promising type of T-cell therapy, which uses the adaptable effector apparatus of the human immune system. This emerging therapeutic area is on its way to become one of the highest valuable markets within the biopharmaceutical sector, given the steadily rising number of cell treatments being developed and introduced.

US T-cell Therapy Market is poised to grow at a sustainable CAGR for the next forecast year.