The CD47 Targeting Therapeutics Market is expected to grow at a 62.0 % CAGR during the forecast period for 2023-2031.
Key Industry Insights & Findings from the Report:
- The factors driving the growth of the CD47 targeting therapeutics market include the rising developments in the CD47-targeting anti-cancer therapies and growing demand for cost-efficient cancer treatments.
- Increasing government initiatives for cancer awareness, and R&D initiatives by market players for launching effective cancer therapies, and the growing number of cancer cases worldwide is driving growth of the CD47 targeting therapeutics market.
- North America dominated the market and accounted for a global revenue share in 2023.
- The key challenges for the CD47 targeting therapeutics market are therapeutic effectiveness, safety concerns, and lack of published data.
CD47 is immunoglobulin and supramolecular complex composed of integrins, G protein, and cholesterol. It mediates a series of processes such as cell proliferation, migration, phagocytosis, apoptosis, immune homeostasis, and inhibition of NO signalling. In recent years, CD47 also called the “don’t eat me” signal, has been highly expressed on the surface of various cancers, initiating an inhibitory signalling pathway that prevents cancer cells from phagocytosis by macrophages.
The factors driving the growth of the CD47 targeting therapeutics market include the rising developments in the CD47-targeting anti-cancer therapies, growing demand for cost-efficient cancer treatments, increasing government initiatives for cancer awareness, and R&D initiatives by market players for launching effective cancer therapies, and the growing number of cancer cases worldwide. According to the NCI (National Cancer Institute), cancer is among the leading causes of death worldwide. By 2040, more cancer cases are expected to rise to 29.5 million per year and cancer-related deaths to 16.4 million. Recently, the American FDA has granted orphan drug designation ("ODD") to ALX Oncology's next-generation CD47 blocker ‘evorpacept’ for treating patients with gastroesophageal junction cancer and gastric cancer. Thus, the increasing prevalence of cancer is projected to surge the demand for advanced cancer therapies to treat cancer patients effectively, which will likely fuel the market growth over the forecast period. However, the high R&D cost of target therapies and side effects associated with these therapies are expected to hamper the market’s growth in the coming years.
Competitive Landscape
Some major key players in the CD47 Targeting Therapeutics Market:
- Conjupro biotherapeutics (US),
- EpicentRx (US),
- Forty Seven (US),
- ImmuneOncia Therapeutics (Korea),
- ImmuneOnco Biopharmaceuticals (China),
- Innovent Biologics (China),
- KAHR Medical (Israel),
- Light Chain Bioscience (Switzerland),
- Morphiex (US),
- Trillium Therapeutics (Canada),
- TG Therapeutics,
- Adagene,
- Alector, Inc.,
- Apmonia Therapeutics,
- I-MAB Biopharma Co., Ltd.,
- QLSF Biotherapeutics Inc.,
- Phanes Therapeutics, Inc.,
- Bio-Thera Solutions,
- others.
Market Segmentation
The CD47 targeting therapeutics market is classified based on target disease indication, type of molecule, and region. The target disease indication, segment the market into acute myeloid leukemia, non-hodgkin lymphoma, colorectal cancer, diffuse large B-cell lymphoma, myelodysplastic syndromes, non-small cell lung cancers, ovarian epithelial cancer, oral mucositis, small cell lung cancers, and other disease indications. The acute myeloid leukaemia segment is anticipated to proliferate over the forecast period owing to the increased CD47 expression on human AML. The market is grouped into biologics and small molecules by type of molecule. Due to its increasing therapeutic applications, the biologics segment is expected to witness significant growth during the forecast years. Regionally, the market is considered across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.
North America is likely to witness the highest growth during the forecast period due to the high prevalence of cancer, growing demand for CD47 therapeutic products, and the increasing approvals for immunoglobulins.
Recent Developments:
- In January 2022, Actinium Pharmaceuticals, Inc. and EpicentRx, Inc. teamed up for a research collaboration. They'll be studying Actinium's Actimab-A targeted radiotherapy combined with EpicentRx's RRx-001, a small molecule immunotherapy targeting the CD47-SIRPα axis.
CD47 Targeting Therapeutics Market Report Scope
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Report Attribute |
Specifications |
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Growth rate CAGR |
CAGR of 62.0 % from 2023 to 2031 |
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Quantitative units |
Representation of revenue in US$ Million and CAGR from 2023 to 2031 |
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Historic Year |
2019 to 2022 |
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Forecast Year |
2023-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments covered |
By Target disease Indication, By Type of Molecule |
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Regional scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
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Competitive Landscape |
Conjupro biotherapeutics (US), EpicentRx (US), Forty Seven (US), ImmuneOncia Therapeutics (Korea), ImmuneOnco Biopharmaceuticals (China), Innovent Biologics (China), KAHR Medical (Israel), Light Chain Bioscience (Switzerland), Morphiex (US), Trillium Therapeutics (Canada), TG Therapeutics, Adagene, Alector, Inc., Apmonia Therapeutics, I-MAB Biopharma Co., Ltd., QLSF Biotherapeutics Inc., Phanes Therapeutics, Inc., Bio-Thera Solutions, others. |
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Customization scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing and available payment methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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