Canada T-cell Therapy Market Size & Outlook, 2021-2028
Canada t-cell therapy market, 2018-2028 (US$M)
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Canada t-cell therapy market highlights
- The Canada t-cell therapy market generated a revenue of USD 143.7 million in 2021 and is expected to reach USD 486.0 million by 2028.
- The Canada market is expected to grow at a CAGR of 19% 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.
T-cell therapy market data book summary
| Market revenue in 2021 | USD 143.7 million |
| Market revenue in 2028 | USD 486.0 million |
| Growth rate | 19% (CAGR from 2021 to 2028) |
| Largest segment | Commercialized |
| Fastest growing segment | Research |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 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, Canada accounted for 2.3% of the global t-cell therapy market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
- In North America, U.S. t-cell therapy market is projected to lead the regional market in terms of revenue in 2028.
- Canada is the fastest growing regional market in North America and is projected to reach USD 486.0 million by 2028.
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T-cell Therapy Market Scope
T-cell Therapy Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 94.99% in 2021. Horizon Databook has segmented the Canada t-cell therapy market based on research, commercialized covering the revenue growth of each sub-segment from 2018 to 2028.
Canada is expected to grow at a lucrative CAGR of 19.0% during the forecast period owing to rising incidence of cancer and increasing R&D in the field of T-cell therapies. In 2018, Health Canada approved the use of Novartis’ Kymriah for the treatment of patients suffering from refractory or relapsed Diffuse Large B-Cell Lymphoma (DLBCL), DLBCL due to follicular lymphoma, and high-grade B-cell lymphoma.
Novartis announced that in order to cater to patients, it is engaged in enhancing manufacturing capacities and offering the product at various cancer centers across the nation. Post the approval of Kymriah, the Canadian Agency for Drugs and Technology in Health, which conducted a health technology assessment for the drug, recommended that the drug should be funded for Canadians until price reductions and certain implementations are met.
The price of the drug has not been disclosed yet in Canada and is exclusive of other costs such as pre- and post-infusion patient monitoring, accommodation, cell infusion, leukapheresis, biologics expense to treat cytokine release syndrome, and transportation.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada t-cell therapy market , including forecasts for subscribers. This country databook contains high-level insights into Canada t-cell therapy market from 2018 to 2028, including revenue numbers, major trends, and company profiles.
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Canada t cell therapy market size, by modality type, 2018-2028 (US$M)
Canada T-cell Therapy Market Outlook Share, 2021 & 2028 (US$M)
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