Adoptive cell transfer (ACT) therapy using tumor-infiltrating lymphocytes (TILs) is an emerging treatment option for various types of cancer. TIL therapy involves extracting immune cells from a patient’s own tumor and expanding them ex vivo for infusion back to the patient after lymphodepleting chemotherapy. These autologous TILs aid the immune system in recognizing and destroying tumor cells. TIL therapy has shown promising response rates in treating melanoma and is being explored for solid tumors as well. The global TIL therapy market is driven by high unmet needs in cancer treatment and favorable research evaluating TILs’ potential.
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. Iovance Biotherapeutics is a clinical-stage biotechnology company focused on applying tumor-infiltrating lymphocyte (TIL) therapy to treat cancer patients.
The global TIL therapy market is witnessing growing demand due to rising prevalence of cancer worldwide. As per statistics, cancer incidence is estimated to rise by over 70% in next two decades. Various ongoing clinical trials evaluating TIL therapy’s efficacy against different cancer types is encouraging its adoption.
Major players are expanding globally to address the unmet need in cancer immunotherapy. For instance, Iovance Biotherapeutics has collaboration with Liverpool Cancer Trial Centre in UK to conduct clinical trial evaluating TIL therapy for lung cancer. Several new treatment facilities offering TIL therapy have also opened in Asia Pacific and Europe in the recent past.
Market Key Trends
One of the major trends driving the Global TIL Therapy Market growth is the increasing focus on combination therapies. TIL therapy is now being studied alongside checkpoint inhibitor drugs like anti-PD-1 agents to see if the combination yields higher response rates than either treatment alone. The combination approach aims to enhance TILs’ activation abilities as well as overcome barriers to immune evasion by tumors. Many ongoing clinical trials are exploring optimal combination regimens and hold promise to make TIL therapy more effective.
Porter’s Analysis
Threat of new entrants: High capital requirement raises entry barriers in the space.
Bargaining power of buyers: Buyers have high bargaining power due to the availability of alternative treatment options.
Bargaining power of suppliers: Suppliers have moderate bargaining power due to the specialized skill required for TIL therapy.
Threat of new substitutes: Technologies like CAR-T therapy pose a threat of substitution.
Competitive rivalry: High as major players compete on the basis of therapy effectiveness.
Geographical Regions
North America accounts for the largest share in the global TIL therapy market in terms of value owing to rising awareness and product availability. Asia Pacific is expected to grow at the fastest pace during the forecast period driven by initiatives to increase access to novel cancer therapies.
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
Q.1 What are the main factors influencing the Global TIL Therapy Market?
Q.2 Which companies are the major sources in this industry?
Q.3 What are the market’s opportunities, risks, and general structure?
Q.4 Which of the top Global TIL Therapy Market companies compare in terms of sales, revenue, and prices?
Q.5 Which businesses serve as the Global TIL Therapy Market’s distributors, traders, and dealers?
Q.6 How are market types and applications and deals, revenue, and value explored?
Q.7 What does a business area’s assessment of agreements, income, and value implicate?
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it