Asia Pacific T-cell Therapy Market Size & Outlook
Asia Pacific t-cell therapy market, 2018-2028 (US$M)
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Asia Pacific t-cell therapy market highlights
- The Asia Pacific t-cell therapy market generated a revenue of USD 2,142.6 million in 2021.
- The market is expected to grow at a CAGR of 21% from 2022 to 2028.
- In terms of segment, commercialized was the largest revenue generating modality type in 2021.
- Research is the most lucrative modality type segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2022 to 2028.
Asia Pacific data book summary
| Market revenue in 2021 | USD 2,142.6 million |
| Market revenue in 2028 | USD 8,113.5 million |
| Growth rate | 21% (CAGR from 2021 to 2028) |
| Largest segment | Commercialized |
| Fastest growing segment | Research |
| Historical data covered | 2018 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Research, Commercialized |
| Key market players worldwide | Novartis AG ADR, Merck KGaA, Gilead Sciences Inc, Adaptimmune Therapeutics PLC ADR, Bluebird bio Inc, Sorrento Therapeutics Inc, Fate Therapeutics Inc, Pfizer Inc, Amgen Inc, Bristol-Myers Squibb Co |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 33.6% of the global t-cell therapy market in 2021.
- Globally, North America is projected to lead the regional market in terms of revenue in 2028.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 8,113.5 million by 2028.
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T-cell Therapy Market Scope
T-cell Therapy Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific t-cell therapy market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to t-cell therapy market will help companies and investors design strategic landscapes.
Commercialized was the largest segment with a revenue share of 95.93% in 2021. Horizon Databook has segmented the Asia Pacific t-cell therapy market based on research, commercialized covering the revenue growth of each sub-segment from 2018 to 2028.
Over the next 10 years, Asia Pacific region is estimated to benefit from the Universal Health Coverage (UHC) scheme with investments totaling USD 2 trillion. Rising research and increasing availability of novel immunotherapies globally are estimated to fuel the demand for T-cell therapies in the region during the forecast period. Australia has been at the forefront of R&D in the region.
As T-cell therapies are classified as class IV biologicals, they are not considered under the Pharmaceutical Benefits Advisory Committee (PBAC). Therefore, Medical Services Advisory Committee (MSAC) is the governing authority for T-cell therapy products.
In 2019, the Australian government announced an investment of AUD 80 million for manufacturing T-cell–based therapies at the Peter MacCallum Cancer Centre. In order to boost adoption of these therapies in Asia Pacific region, various changes in regulatory pathways have been made by national governments.
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Target buyers of Asia Pacific t-cell therapy market databook
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Our clientele includes a mix of t-cell therapy market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific t-cell therapy market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific t-cell therapy market from 2018 to 2028, including revenue numbers, major trends, and company profiles.
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Asia Pacific t cell therapy market size, by country, 2018-2028 (US$M)
Asia Pacific T-cell Therapy Market Outlook Share, 2021 & 2028 (US$M)
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