The Global Personalized Cell Therapy Market was valued at US$ 3536.2 million in 2016 and is projected to expand at a CAGR of 25.3% during the forecast period (2017–2024 ), as highlighted in a new report published by Coherent Market Insights. The demand for disease specific drugs for treatment of disease that have high prevalence rate, for example autoimmune diseases, diabetes and cancer is expected to support growth of the personalized cell therapy market over the forecast period.
The main process that involved the use of personalized medicine is to get the right treatment for a particular patient depending on the patient’s genomics by the help of molecular biomarker tests and targeted therapies. Autoimmune diseases are the leading cause of death, as they are prevalent in almost every age group, though their incidence rate varies with estimates as more than 80 individual type of autoimmune diseases are present such as type I diabetes, rheumatoid arthritis, inflammatory bowel disease and many more. For instance, there were around 20 cases of rheumatoid arthritis per 100,000 person in a year. Although, its prevalence rates range from less than 5 per 100 000 to more than 500 per 100 000.
The genetic and other predictive information allows the physician to prepare the treatment regime for the specific disease as per patient requirement, also it helps to pin point optimal dosing system, preventing adverse events and focus efforts on prevention and earlier interventions.
There are various approaches involved in the personalized cell therapy that can be effective in oncology, cardiac and other chronic disorders. The approach is often multi-faceted, as it helps in various components during the treatment such as risk assessment, diagnosis, prevention, detection, management and treatment.
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As of 2017, around 40 cell therapy approved products are available in the market. Furthermore, leading market players such as Novartis and Kite Pharma are anticipated to launch novel products in 2017, followed by its commercialization in the following two to three years. In 2017, CAR-T cell product was launched, which is expected to drive growth of the personalized cell therapy market. Personalized cell therapy market is projected to gain traction over the forecast period, owing to development and commercialization of novel products by key players in the market. Furthermore, increasing number of drugs in pipeline for instance, CTL019 (tisagenlecleucel-T) and Kte-C19 (axicabtagene ciloleucel) are expected to boost growth of the global personalized cell therapy market over the forecast period. According to the University of Nottingham, in 2009, various collaboration were reported among market players with around 411 cell therapy deals between 1987 and 2008. Therefore, acquisitions and collaboration in cell therapy sector is expected to support growth of the global personalized cell therapy market.
Key takeaways of the personalized cell therapy market:
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