Cell Therapy Market Size

Cell Therapy Market size was valued at USD 5.2 Billion in 2023 and is poised to exceed USD 47.9 Billion by the end of 2036, registering over 21% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of cell therapy is assessed at USD 8.1 Billion.

It is believed that the rising incidence of cancer across the globe is driving this market expansion. The Food and Drug Administration (FDA) has approved CAR T-cell therapies, bringing them into the mainstream for the management of multiple myeloma, leukemia, and lymphomas.

As per the World Health Organization (WHO), it is anticipated that there will be over 35 million new cases of cancer in 2050, a 77% increase over the projected 20 million cases in 2022.