T-Cell Engineering is the largest segment driving the growth of Immune Cell Engineering Market.
SWOT Analysis:
Strengths: CAR-T therapy has demonstrated high response rates against hematological cancers in clinical trials. It is a potentially curative treatment approach.
Weaknesses: CAR-T therapy is associated with several side effects like cytokine release syndrome and neurotoxicity. The manufacturing process is complex and costly.
Opportunities: Expanding the application of CAR-T therapy to solid tumor indications. Increased investments in research on novel cell engineering techniques to reduce manufacturing costs and toxicity risks.
Threats: Safety issues pertaining to long-term effects and persistence of CAR-T cells in the body. Reliance on external contract manufacturing organizations increases production timelines and costs.
Key Takeaways:
The Global Immune Cell Engineering Market Growth is expected to witness high growth at a CAGR of 22% over the forecast period of 2023 to 2030, estimated to be valued at US$ 2.82 Bn in 2023. Growth is supported by rising adoption of cell therapies for cancer treatment.
Regional analysis: North America currently dominates the market owing to favorable regulatory environment and higher healthcare spending. Asia Pacific is expected to be the fastest growing market attributed to increasing R&D investments by key market players considering future growth opportunities.
Key players: Key players operating in the immune cell engineering market are Thermo Fisher Scientific, Merck KGaA, Danaher Corporation, Lonza Group, Miltenyi Biotec, Takara Bio Group, CellGenix GmbH, FUJIFILM Irvine Scientific, Agilent Technologies, Bio-Techne Corporation, Bio-Rad Laboratories, BD, Charles River Laboratories, Creative Bioarray, Sartorius AG, Novogene Corporation, AGC Biologics, Catalent, WuXi AppTec, ReachBio LLC.
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