NK cell therapeutics market is expected to reach $5,676.1 million in 2032 from $297.2 million in 2024 at a CAGR of 44.59% during the forecast period 2024-2032.
The increasing number of clinical trials, as well as the increasing incidence and prevalence of cancer cases, are expected to drive growth in the global NK cell therapeutics market. Natural Killer Cell Therapy Market include characteristics such as an increasing need for better therapeutics options, which will impede manufacturers’ launching new products into the market, enhancing its increased demand, and leading to market growth through investment in research and development. Various research studies are currently underway, which is expected to provide manufacturers with a competitive advantage in developing new and innovative natural killer (NK) cell therapeutics, as well as other opportunities in the natural killer (NK) cell therapeutics market. However, adverse side effects of therapies, as well as unfavourable and insufficient reimbursement scenarios, are expected to limit market growth during the forecast period.
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Global Natural Killer Cell Therapy Market: Top Key Players
Nantkwest Inc.
Nkarta Therapeutics, Inc.
Fortress Biotech
Affimed N.V.
Fate Therapeutics
Glycostem Therapeutics BV
Innate Pharma S.A.
Celgene Corporation
Ziopharm Oncology Inc.
NKT Therapeutics Inc.
Global Natural Killer Cell Therapy Market: By Types
NK Cell Therapies
NK Cell Directed Antibodies
Global Natural Killer Cell Therapy Market: By Applications
Cancer
Gastrointestinal Diseases
Other
Geographically, the detailed analysis of consumption, revenue, and market share and growth rate of the following regions:
United States, Canada, Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden, Poland, Belgium, China, Japan, South Korea, Australia, India, Taiwan, Indonesia, Thailand, Philippines, Malaysia, Brazil, Mexico, Argentina, Columbia, Chile, Saudi Arabia, UAE, Egypt, Nigeria, South Africa and Rest of the World.
The global NK cell therapeutics market is in its early stages. There is currently no approved NK cell therapy on the market. Many biopharmaceutical companies are attempting to research and develop new immunotherapies, particularly NK cell therapies, that are cost-effective and could thus serve as a next-generation medication for cancer and other acute infectious indications.
Impact of COVID-19:
Because of the pandemic, governments around the world imposed lockdowns, stifling research and clinical development of NK cell therapeutics. This situation persisted until Q2 2021, having a negative impact on the global NK cell therapeutics market and resulting in a decrease in preclinical and clinical trials of product candidates. The main reason has been the difficulty in recruiting patients for ongoing clinical trials, which will have an impact on drug launch timelines.
Chronic diseases, such as heart disease, arthritis, diabetes, stroke, or cancer, are more common in older adults and can be managed but not cured. Chronic diseases are a major concern in global healthcare. Changes in lifestyle and physical inactivity, unhealthy diet, and tobacco use all contribute to an increase in the global burden of chronic diseases.
An increasing number of chronic disease patients prompted scientists and researchers to develop a new innovative therapeutic approach to provide patients with the best curative treatment option, which can be accomplished by using natural killer (NK) cell therapy, which has the potential to generate a strong immune response as well as anti-tumor capability.
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