Natural Killer Cells Therapeutics to Rise at CAGR of 17.4% from 2019 to 2026, Observes AMR Study
Asia-Pacific market owing to increase in number of patients suffering from cancer, surge in geriatric population, and improvement in healthcare facilities.
PORTLAND, OREGON, US, July 19, 2022 /EINPresswire.com/ -- Over the years, these cells have been used in various molecular and combination therapies, increasing the adoption of such therapies. Moreover, they can be used as an effective therapeutic tool against infectious diseases and as an anti-cancer alternative to T cells. Research initiatives are underway to culture NK cells under ex vivo conditions, thus leading to the discovery and development of novel therapies for the treatment of infections and tumors.
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Rise in use of NK cells for the treatment of infections & liver diseases, surge in awareness among the population regarding various immunotherapies, and increase in R&D for the development of bi-specific antibody for engaging NK cells to eliminate tumor cells propel the growth of the global NK cell therapeutics market. On the other hand, lack of specificity & poor in-vivo survival of the cells, higher costs associated with the therapies, and their adverse side effects restrain the growth of the market to some extent. However, significant surge in R&D activities toward development of immunotherapy in developing economies is anticipated to create lucrative opportunities in the near future.
"Natural Killer Cell Therapeutics Market by Therapeutics, Application, and End User: Global Opportunity Analysis and Industry Forecast, 2018โ2026." The report provides a detailed analysis of the drivers & opportunities, changing market trends, competitive market landscape, and market size & estimates. According to the report, the global NK Cell Therapeutics market was projected at $1.40 billion in 2018 and is expected to hit $5.09 billion by 2026, registering a CAGR of 17.4% during 2019โ2026.
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The global natural killer cells therapeutics market is segmented based on therapeutics, application, end user, and region. Based on therapeutics, the market is classified into NK cell therapies and NK cell directed antibodies. Immunotherapy has emerged as an ideal therapeutic solution to improve the clinical outcome against various malignancies and tumors. Recently, several advances have been made in NK cells therapies such as target recognition, adoptive therapy, and improvement in cellular cytotoxicity.
Asia-Pacific market is anticipated to grow at the fastest pace, owing to increase in number of patients suffering from cancer, surge in geriatric population, and improvement in healthcare facilities. However, the complexity in regulatory frameworks regarding the approval of immunotherapy is expected to hamper the market growth. Conversely, high incidence of cancer is anticipated to boost the growth of cancer immunotherapy market, which in turn will fuel the growth of the NK cells therapeutics market.
The primary objective of the study is to determine the safety of NK cellsโ doses against cancers and malignancies. In addition, NK cell therapeutics involves clinical and experimental research to provide cost-effective treatments with improved success rates. Currently, research is being carried out for adoptive transfer of haploidentical natural killer cells for the consolidated therapy of pediatric acute myeloid leukemia. Thus, NK cell therapeutics have promising applications in various research institutes.
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โข A detailed quantitative analysis along with the current natural killer cells therapeutics market trends from 2019 to 2026 to identify the prevailing opportunities along with the strategic assessment.
โข The global natural killer cells therapeutics market size and estimations are based on a comprehensive analysis of key developments.
โข A qualitative analysis based on innovative products facilitates strategic business planning.
โข The development strategies adopted by the key market players are enlisted to understand the competitive scenario of the market
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The key market players analyzed in the report include Affimed N.V., Altor BioScience Corporation, Chipscreen Biosciences, Ltd., NKT Therapeutics, Inc., Innate Pharma S.A., Sorrento Therapeutics Inc., NantKwest Inc., Bristol-Myers Squibb, Takeda Pharmaceutical Company Limited, and others. Incorporating a number of high-end strategies including expansions, mergers & acquisitions, partnerships, joint ventures, collaborations, and others, these market players have become able to heighten their stand in the industry.
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โข North America Natural Killer Cells Therapeutics Market
โข Japan Natural Killer Cells Therapeutics Market
โข South Korea Natural Killer Cells Therapeutics Market
โข Singapore Natural Killer Cells Therapeutics Market
โข Australia Natural Killer Cells Therapeutics Market
โข Europe Natural Killer Cells Therapeutics Market
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts
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