Jersey City, NJ, Dec. 04, 2023 (GLOBE NEWSWIRE) -- InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Antibody Coupled T-Receptor Therapy Market - (By Indication (Lymphoma, Breast Cancer, Neuroblastoma, Other Indications)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."
The Antibody Coupled T-Receptor Therapy Market Size is predicted to witness a 5.89% CAGR during the forecast period for 2023-2031.
Antibody-coupled T-cell receptor (ACTR) therapy is an emerging cancer immunotherapy that utilizes genetically engineered T cells to recognize and attack tumour cells. Some blood cancers are among the most common ones treated with this therapy, and it is also being investigated for potential utility in treating other malignancies. Millions of CAR-T cells are injected into patients after extensive cultivation in a controlled environment. Initial clinical trials for ACTR therapy have demonstrated encouraging outcomes in treating specific malignancies. Its efficacy is one of the main reasons why its market is growing.
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The medical community is more optimistic due to these encouraging findings, and patients with otherwise dismal prognoses have reason to be hopeful. Market expansion is being driven by the possibility of ACTR therapy to enhance outcomes and quality of life. This has attracted much interest and investment, making it a leading contender in the cancer treatment landscape. The advancement and widespread adoption of ACTR therapy is also greatly helped by the joint efforts of pharmaceutical corporations, biotech firms, and research institutions. These collaborations may hasten the creation and improvement of ACTR technologies by combining forces in terms of resources, knowledge, and research capacities. The regulatory process is accelerated, and the mechanisms of ACTR are better understood through this collaborative effort, ultimately leading to more accessible and effective medicines.
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List Of Prominent Players In The Antibody Coupled T-Receptor Therapy Market:
- Unum Therapeutics
- Pfizer Inc.
- Novartis AG
- Johnson and Johnson Services, Inc.
- GSK plc
- The Bristol-Myers Squibb Company
- Others
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Antibody Coupled T-Receptor Therapy Market Report Scope:
| Report Attribute | Specifications |
| Growth Rate CAGR | CAGR of 5.89% from 2023 to 2031 |
| Quantitative Units | Representation of revenue in US$ Million and CAGR from 2023 to 2031 |
| Historic Year | 2019 to 2022 |
| Forecast Year | 2023-2031 |
| Report Coverage | The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
| Segments Covered | By Indication |
| Regional Scope | North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
| Country Scope | U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; South East Asia; South Korea |
Market Dynamics:
Drivers:
The growing demand for the antibody-coupled T-receptor therapy market is fueled by the revolutionary drug ACTR, which is poised to experience a meteoric rise in demand as news spreads about its remarkable efficacy and potential in treating various forms of cancer. This will be accurate in the healthcare industry and among patients. As a result of this increased awareness, the medical community is becoming more proactive, which drives the growth of the ACT-R therapy market by attracting better-informed patients looking for novel, tailored treatment options.
Challenges:
The prime challenge is high cost, a shortage of competent individuals and a lack of norms and protocol because of lockdowns and isolation in emerging countries, which is predicted to slow the growth of the antibody-coupled T-receptor therapy market. The creation and delivery of ACTR therapy can be costly, making it unaffordable for a larger patient population. Due to the complex production procedures, intensive clinical testing, and specialist equipment required, the high prices may discourage its adoption, especially in places with low healthcare resources.
Furthermore, ACTR therapy faces competition from well-established immunotherapies like CAR-T cell therapy, widely used in clinical practice. Potentially stifling the growth of the ACTR therapy market are the numerous available and effective alternatives that consumers and healthcare providers are weighing when making treatment decisions. All of this results from the tremendous efforts made in response to the worldwide public health emergency caused by COVID-19 and the decades of progress that have made it possible to create antibody therapeutics. Another antibody, tocilizumab, which is anti-IL-6R, has recently been approved for treatment in COVID-19 and has previously been approved for use in other contexts.
Regional Trends:
The North American antibody coupled t-receptor therapy market is anticipated to record a major market share in revenue. It is projected to grow at a high CAGR in the near future because of many things, including a larger patient population in the US, more infectious illness cases, more people knowing about ACT-R therapy, more cancer cases, and more people involved in research and development. Besides, Europe had a considerable share in the market because of strong-willed business and study. Over the projected period, the chimeric antigen receptor (CAR)-T cell therapy market in the region is expected to experience significant expansion, driven by an uptick in clinical trials for T-cell therapies.
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Segmentation Of Anti-Body Coupled T-Receptor Therapy Market-
By Indication-
- Lymphoma
- Breast Cancer
- Neuroblastoma
- Other Indications
By Region-
North America-
- The US
- Canada
- Mexico
Europe-
- Germany
- The UK
- France
- Italy
- Spain
- Rest of Europe
Asia-Pacific-
- China
- Japan
- India
- South Korea
- South East Asia
- Rest of Asia Pacific
Latin America-
- Brazil
- Argentina
- Rest of Latin America
Middle East & Africa-
- GCC Countries
- South Africa
- Rest of the Middle East and Africa
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