Global TIL Therapy Market Is Estimated To Witness High Growth Owing To Rising Cancer Incidences Worldwide

TIL therapy or Tumor-infiltrating lymphocyte therapy is an immunotherapy treatment that utilizes a patient’s own immune system cells to fight cancer. It involves extracting white blood cells or lymphocytes from a sample of the patient’s tumor and growing billions of copies of the handful of T cells that have managed to infiltrate the tumor in the laboratory. These tumor-infiltrating lymphocytes or TILs are then infused back into the patient to enable their immune system to recognize and destroy cancer cells anywhere in the body. TIL therapy has shown promising results in treating various cancers like melanoma, cervical cancer, and head & neck cancer.

The Global TIL Therapy Market is estimated to be valued at US$ 0.087 Bn in 2024 and is expected to exhibit a CAGR of 78% over the forecast period 2024-2031.

Key Takeaways

Key players operating in the Global TIL Therapy are Iovance Biotherapeutics,Instil Bio,Obsidian Therapeutics,Cellectis,Cellular Biomedicine Group. Iovance Biotherapeutics is a leading player conducting clinical trials and research related to TIL therapy.

The key opportunities in the Global TIL Therapy market include its potential to treat various types of cancers like lung cancer, breast cancer, and others. TIL therapy offers the promise of long-lasting response with a single treatment rather than periodic chemotherapy and radiation.

Globally, TIL therapy adoption is expected to increase majorly in North America and Europe over the forecast period. However, emerging markets in Asia Pacific will provide lucrative opportunities due to the rising cancer patient pool and increasing healthcare expenditures in countries like China and India.

Market Drivers

The global TIL therapy market is expected to grow tremendously owing to the rising cancer incidences worldwide. According to the World Health Organization (WHO), cancer is a leading cause of death globally, accounting for nearly 10 million deaths in 2020. The disease burden of cancer is increasing rapidly driven by aging and growth of the world population along with adoption of cancer-causing behaviors such as smoking. This increasing prevalence of cancer presents a massive opportunity for novel therapies like TIL therapy to gain prominence.

PEST Analysis

Political: The government policies and regulations in different countries related to cell and gene therapy affect the market. Stability in such regulations impacts the growth of the TIL therapy market.

Economic: The rising healthcare expenditure and economic growth in different regions provide opportunities for market growth. However, the high cost of TIL therapy procedures hinders widespread adoption.

Social: Growing awareness and social acceptance of newer immunotherapies positively influences the market. The demand is increasing for effective treatment options for cancer patients.

Technological: Developments in T cell engineering technologies, use of combination therapies, and next-generation sequencing techniques are enhancing TIL therapy efficacy. Clinical trials on combination with checkpoint inhibitors show promise.

North America region accounts for the largest market share currently, owing to developed healthcare infrastructure, rising cancer incidence, and presence of key players. The US dominates the North America TIL therapy market.

The Asia Pacific region is expected to grow at the fastest rate during the forecast period due to increasing healthcare spending, rapid economic growth, and rising awareness about advanced cancer treatments. Countries like China, Japan, and India are expected to provide lucrative opportunities. Improving research capabilities and patient access to newer immunotherapies will drive the APAC TIL therapy market.

What Are The Key Data Covered In This Global TIL Therapy Market Report?

:- Market CAGR throughout the predicted period

:- Comprehensive information on the aspects that will drive the Global TIL Therapy Market’s growth between 2024 and 2031.

:- Accurate calculation of the size of the Global TIL Therapy Market and its contribution to the market, with emphasis on the parent market

:- Realistic forecasts of future trends and changes in consumer behaviour

:- Global TIL Therapy Market Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa

:- A complete examination of the market’s competitive landscape, as well as extensive information on vendors

:- Detailed examination of the factors that will impede the expansion of Global TIL Therapy Market vendors

FAQ’s

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Q.4 Which of the top Global TIL Therapy Market companies compare in terms of sales, revenue, and prices?

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*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it