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The cancer cell market refers to the industry focused on the development, production, and distribution of products and technologies used for the detection, diagnosis, treatment, and research of cancer cells.
IMR Group
Description
Cancer Cell Market Synopsis:
Cancer Cell Market Was Valued at USD 10.79 Million in 2023 and is projected to reach USD 22.04 Billion by 2032, growing at a CAGR of 8.25% from 2024 to 2032
The cancer cell market refers to the industry focused on the development, production, and distribution of products and technologies used for the detection, diagnosis, treatment, and research of cancer cells. This market includes a wide range of solutions, such as diagnostic tools, therapeutic drugs, cell-based therapies, and advanced technologies like gene editing and immunotherapy. The growth of the cancer cell market is driven by increasing cancer incidence rates, advancements in biotechnology, personalized medicine, and the rising demand for more effective and targeted cancer treatments.
As various types of cancer including breast, lung, colon, prostate and many others continue to increase, there is need for better diagnostic and therapeutic products. Tumor cells are crucial when it comes to studying the detailed molecular processes underlying cancer development, spread, and treatment failure. This has resulted in the emergence of specific products like personalized medicines, immunotherapies and components of immune-oncology and enabling technologies like CRISPR or CAR-T that are revolutionalizing cancer management. Moreover, day by day advancement of cell culture science has helped enhance the chances of immunotherapy that is precise on cancer cells than normal cells and thereby causes lesser damage to the healthy cells or tissues.
It is also equally expanding from bioinformatics and biotechnology, pharmaceutical industries and many cooperations and combines joint efforts to fast track the search for cancer cure. In Asia-Pacific for instance, there is increasing investments on cancer research as well as better access and cheaper cancer treatments that boosts market territoriality. Moreover, innovation aspects like the liquid biopsy offering increased capacities in the characterization of cancer at an early stage has been helping patients. Still, there are limitations; cost of potential therapies is still high; the regulation of these therapies is still complex; and further large scale randomized-controlled trials to support the safety and efficacy of new therapies are required. Nevertheless, the market of cancer cell is expected to have a huge growth in future since research and innovation are ongoing and this will help in further improvement in diagnosing, treating and managing cancer that will help the patients from all over the world.
Cancer Cell Market Trend Analysis:
Driving Growth in the Cancer Cell Market
The need for efficient targeted therapies, often termed precision oncology, is now a principal driver of the uptake of new technologies aimed at delivering increased cell selectivity and potency compared to current treatments. Precision medicine is defined by the concept of delivering molecularly targeted therapies according to molecular profiles of patient’s disease. This approach is creating increased chances of developing superior therapies that hit cancer cells accurately and thus enhancing overall effectiveness with little side effects. Thus, as research into cancer proceeds the concentration of cell-based booked therapies for example, the carbohydrates or T-cell therapy and gene-editing systems for instance CRISPR-Cas9 are increasing the chances for improved patient results. This rise in precision medicine is coextensive with other advancements in the field of medicine, where the precise method of managing patient’s illness is gradually being adapted to clinical work.
At the same time, studies with cancer cells play a crucial role in elucidating the molecular processes underlying the disease and searching for new molecular markers for early stage diagnosis and therapeutic outcomes assessment. Cancer is becoming increasingly prevalent around the globe, while detection is now increasingly prioritized, both of which factors are contributing positively to the growth of the market. This has therefore resulted to the use of clinical trials to design new therapies as well as changing the nature of cancer cells. Due to the success of these trials and approval of new products for cancer treatments, the growth of the market is being intensified as new and specially targeted therapies are being introduced. Consequently, its role is increasing in cancer cell research which is establishing the base for novel treatments that may afford longer life to cancer patients and a higher quality of life to them than has ever been dreamt before.
Advanced Cancer Cell Therapies and Precision Medicine
The potential for the growth of the market in cancer cell lies in the high speed of research and development of new and more effective cancer cell therapies, such as immunotherapy and CAR-T therapy. These therapies are steadily becoming popular because they are more inclined to address cancerous cells and destroy them while sparing healthy ones. Combined immune checkpoint inhibition uses the body’s immune system to identify cancer cells and cancer-related proteins while CART cell therapy involves reforming T cells to target cancer cells in the body. Both methods let in a more precise approach than most conventional therapies which include chemotherapy and radiation, which tend to harm healthy tissues. The constant research only proves that these therapies become a golden chance to make a powerful change in cancer by raising the survival rate and the quality of the patients’ lives.
Advancements in utilizing cancer cells become even more promising under the framework of precision medicine. If treatments are psycho-genetically designed to suit a person then he/she can be treated effectively by the physician. It not only enhances general prognosis of the illness but also play important role in minimizing side effect which mostly accompany traditional approaches to healing. In the following years, using the development of genomics and biotechnology, it is becoming possible to distinguish certain mutations and biomarkers that agree with various cancers, that will help to take more accurate therapy. The constant innovation in this field should prolong a high growth rate of the global market for cancer cell therapies, as more patients will be experiencing individualized treatment methods that are both more efficient and less traumatic. The precision medicine will advance in the next few years and the development of therapies for cancers would be highly likely to boost the market growth.
Cancer Cell Market Segment Analysis:
Cancer Cell Market Segmented on the basis of Type, Application, End User, and Region
By Type, Carcinomas segment is expected to dominate the market during the forecast period
Carcinomas are the most common kind of cancer starting in the epithelial cells which are cells that line the inner and outer surfaces of the body. These carcinomas can occur in numerous organs like lungs, liver, prostate, breast, colon and many others. Carcinomas are identified via imaging tests, cytology and blood tests, so that medical practitioners find out the place and extent of the malignancy. Since they are very many, carcinomas account for a huge percentage of all cancers, therefore, any techniques used in their diagnosis should aim at enhancing the chances of early diagnosis, and therefore treatment.
The management of carcinomas normally involves a comprehensive management plan that includes; surgery for tumor excision, chemotherapy for proliferative cancer cells and radiation therapy for volume reduction of cancers. In the recent past Immunotherapy has provided options to deal with cancers that are not containable through the conventional opportunities. There are high expectation for advanced therapies because carcinomas are prevalent and affect most body system, which in return pressures the oncology treatment market. Further, active research is under process for more effective and precise treatment for carcinoma that is smart therapies producing carcinoma carcinomas market, which offers potential for higher survival rates.
By End User, Hospital & Clinics segment expected to held the largest share
Hospitals and clinics remain the most eminent providers of cancer treatment that include advanced medical care for different types of cancer. Modern facilities they are prepared to perform different diagnostic processes, surgeries and treatment courses including chemotherapy, radiation therapy, immunotherapy. Hospitals are important wings of healthcare organizations that attend to cancer patients requiring both emergency and scheduled care involving diagnosis as well as treatment, curative, palliative, or experimental and for primary, recurrent or metastatic cancers. In this respect, they are valuable in oncology treatments, due to their capability to provide a wide range of integrated services of a single discipline or specialties depending on the client’s requirements.
Cancer incidence rate is on the rise globally, while treatment techniques are continuously improving, meaning that hospitals and clinics will retain the largest share of the oncology treatment market. With the increase in the incidences of cancer, the need for professional services, better techniques, modern equipment and new procedures are elements that only the hospital and clinic industry can offer. The adaptation of other therapy forms like immunotherapy and specialized treatments in regular cancer treatment protocols realizes the significance of these establishments in cancer treatment, and in turn fuel growth of market and consolidating a definitive role in combating cancer.
Cancer Cell Market Regional Insights:
North America is Expected to Dominate the Market Over the Forecast period
The Cancer Cell Market in North America, particularly in the United States, has been experiencing very concentrated research efforts and sound health system platforms. The country has a very well-developed health care system with easy accessibility to life supporting technologies for detecting and treating cancer. Since cancer has a high mortality rate among the population it increases the desire of patients to search for more effective therapy and individualized treatment. State funding is thus critical in that large sums are invested annually to support research projects focused on cancer cell therapy. These measures aim at increasing the accessibility of particular therapies including CAR-T cell treatment, which has transformed the management of some cancers and boosting the market.
Further, strategic partnerships of renowned pharmaceutical and biotechnology companies, and research institutes in the United States have improved the growth prospect of the cancer cell market. This strong collaboration is evident in oncology because academia and industry have achieved impressive advances in tumor treatment, thus developing a new generation of anticancer agents that will revolutionize patient care. These partnerships also enhance the development of second generation cancer cell therapies, which not only increases speed of cancer treatment delivery but also increases effectiveness across the cancer patient population. Therefore, North America continues to hold the largest share in the cancer cell market due to high development rates in research and strengthened health care systems for marketing innovative solutions in the treatment of cancer cells.
Active Key Players in the Cancer Cell Market
Abbott Laboratories,
Novartis International AG,
Arcellx, Autolus Therapeutics,
Kite Pharma,
Cellectis,
Celyad Oncology,
Crescendo Biologics Limited,
GammaDelta Therapeutics Ltd.,
Bio-Rad Laboratories Inc,
QIAGEN Inc,
Thermo Fisher Scientific,
Merck Millipore,
Siemens Healthineers AG,
GE Healthcare
Other Active Players
Chapter 1: Introduction
1.1 Scope and Coverage
Chapter 2:Executive Summary
Chapter 3: Market Landscape
3.1 Market Dynamics
3.1.1 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 Market Trend Analysis
3.3 PESTLE Analysis
3.4 Porter’s Five Forces Analysis
3.5 Industry Value Chain Analysis
3.6 Ecosystem
3.7 Regulatory Landscape
3.8 Price Trend Analysis
3.9 Patent Analysis
3.10 Technology Evolution
3.11 Investment Pockets
3.12 Import-Export Analysis
Chapter 4: Cancer Cell Market by Type
4.1 Cancer Cell Market Snapshot and Growth Engine
4.2 Cancer Cell Market Overview
4.3 Carcinomas
4.3.1 Introduction and Market Overview
4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.3.3 Key Market Trends, Growth Factors and Opportunities
4.3.4 Carcinomas: Geographic Segmentation Analysis
4.4 Sarcomas
4.4.1 Introduction and Market Overview
4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.4.3 Key Market Trends, Growth Factors and Opportunities
4.4.4 Sarcomas: Geographic Segmentation Analysis
4.5 Leukemia
4.5.1 Introduction and Market Overview
4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.5.3 Key Market Trends, Growth Factors and Opportunities
4.5.4 Leukemia: Geographic Segmentation Analysis
4.6 Others
4.6.1 Introduction and Market Overview
4.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.6.3 Key Market Trends, Growth Factors and Opportunities
4.6.4 Others: Geographic Segmentation Analysis
Chapter 5: Cancer Cell Market by Application
5.1 Cancer Cell Market Snapshot and Growth Engine
5.2 Cancer Cell Market Overview
5.3 Chemotherapy
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Chemotherapy: Geographic Segmentation Analysis
5.4 Radiation Therapy
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Radiation Therapy: Geographic Segmentation Analysis
5.5 Immunotherapy
5.5.1 Introduction and Market Overview
5.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.5.3 Key Market Trends, Growth Factors and Opportunities
5.5.4 Immunotherapy: Geographic Segmentation Analysis
5.6 Hormone Therapy
5.6.1 Introduction and Market Overview
5.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.6.3 Key Market Trends, Growth Factors and Opportunities
5.6.4 Hormone Therapy: Geographic Segmentation Analysis
5.7 Targeted Drug Therapy
5.7.1 Introduction and Market Overview
5.7.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.7.3 Key Market Trends, Growth Factors and Opportunities
5.7.4 Targeted Drug Therapy: Geographic Segmentation Analysis
5.8 Others
5.8.1 Introduction and Market Overview
5.8.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.8.3 Key Market Trends, Growth Factors and Opportunities
5.8.4 Others: Geographic Segmentation Analysis
Chapter 6: Cancer Cell Market by End User
6.1 Cancer Cell Market Snapshot and Growth Engine
6.2 Cancer Cell Market Overview
6.3 Hospital & Clinics
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 Hospital & Clinics: Geographic Segmentation Analysis
6.4 Specialty Clinics
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 Specialty Clinics: Geographic Segmentation Analysis
6.5 Diagnostic Laboratories
6.5.1 Introduction and Market Overview
6.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.5.3 Key Market Trends, Growth Factors and Opportunities
6.5.4 Diagnostic Laboratories: Geographic Segmentation Analysis
Chapter 7: Company Profiles and Competitive Analysis
7.1 Competitive Landscape
7.1.1 Competitive Benchmarking
7.1.2 Cancer Cell Market Share by Manufacturer (2023)
7.1.3 Industry BCG Matrix
7.1.4 Heat Map Analysis
7.1.5 Mergers and Acquisitions
7.2 ABBOTT LABORATORIES
7.2.1 Company Overview
7.2.2 Key Executives
7.2.3 Company Snapshot
7.2.4 Role of the Company in the Market
7.2.5 Sustainability and Social Responsibility
7.2.6 Operating Business Segments
7.2.7 Product Portfolio
7.2.8 Business Performance
7.2.9 Key Strategic Moves and Recent Developments
7.2.10 SWOT Analysis
7.3 NOVARTIS INTERNATIONAL AG
7.4 ARCELLX
7.5 AUTOLUS THERAPEUTICS
7.6 KITE PHARMA
7.7 CELLECTIS
7.8 CELYAD ONCOLOGY
7.9 CRESCENDO BIOLOGICS LIMITED
7.10 GAMMADELTA THERAPEUTICS LTD.
7.11 BIO-RAD LABORATORIES INC
7.12 QIAGEN INC
7.13 THERMO FISHER SCIENTIFIC
7.14 MERCK MILLIPORE
7.15 SIEMENS HEALTHINEERS AG
7.16 AND GE HEALTHCARE
7.17 OTHER ACTIVE PLAYERS
Chapter 8: Global Cancer Cell Market By Region
8.1 Overview
8.2. North America Cancer Cell Market
8.2.1 Key Market Trends, Growth Factors and Opportunities
8.2.2 Top Key Companies
8.2.3 Historic and Forecasted Market Size by Segments
8.2.4 Historic and Forecasted Market Size By Type
8.2.4.1 Carcinomas
8.2.4.2 Sarcomas
8.2.4.3 Leukemia
8.2.4.4 Others
8.2.5 Historic and Forecasted Market Size By Application
8.2.5.1 Chemotherapy
8.2.5.2 Radiation Therapy
8.2.5.3 Immunotherapy
8.2.5.4 Hormone Therapy
8.2.5.5 Targeted Drug Therapy
8.2.5.6 Others
8.2.6 Historic and Forecasted Market Size By End User
8.2.6.1 Hospital & Clinics
8.2.6.2 Specialty Clinics
8.2.6.3 Diagnostic Laboratories
8.2.7 Historic and Forecast Market Size by Country
8.2.7.1 US
8.2.7.2 Canada
8.2.7.3 Mexico
8.3. Eastern Europe Cancer Cell Market
8.3.1 Key Market Trends, Growth Factors and Opportunities
8.3.2 Top Key Companies
8.3.3 Historic and Forecasted Market Size by Segments
8.3.4 Historic and Forecasted Market Size By Type
8.3.4.1 Carcinomas
8.3.4.2 Sarcomas
8.3.4.3 Leukemia
8.3.4.4 Others
8.3.5 Historic and Forecasted Market Size By Application
8.3.5.1 Chemotherapy
8.3.5.2 Radiation Therapy
8.3.5.3 Immunotherapy
8.3.5.4 Hormone Therapy
8.3.5.5 Targeted Drug Therapy
8.3.5.6 Others
8.3.6 Historic and Forecasted Market Size By End User
8.3.6.1 Hospital & Clinics
8.3.6.2 Specialty Clinics
8.3.6.3 Diagnostic Laboratories
8.3.7 Historic and Forecast Market Size by Country
8.3.7.1 Russia
8.3.7.2 Bulgaria
8.3.7.3 The Czech Republic
8.3.7.4 Hungary
8.3.7.5 Poland
8.3.7.6 Romania
8.3.7.7 Rest of Eastern Europe
8.4. Western Europe Cancer Cell Market
8.4.1 Key Market Trends, Growth Factors and Opportunities
8.4.2 Top Key Companies
8.4.3 Historic and Forecasted Market Size by Segments
8.4.4 Historic and Forecasted Market Size By Type
8.4.4.1 Carcinomas
8.4.4.2 Sarcomas
8.4.4.3 Leukemia
8.4.4.4 Others
8.4.5 Historic and Forecasted Market Size By Application
8.4.5.1 Chemotherapy
8.4.5.2 Radiation Therapy
8.4.5.3 Immunotherapy
8.4.5.4 Hormone Therapy
8.4.5.5 Targeted Drug Therapy
8.4.5.6 Others
8.4.6 Historic and Forecasted Market Size By End User
8.4.6.1 Hospital & Clinics
8.4.6.2 Specialty Clinics
8.4.6.3 Diagnostic Laboratories
8.4.7 Historic and Forecast Market Size by Country
8.4.7.1 Germany
8.4.7.2 UK
8.4.7.3 France
8.4.7.4 The Netherlands
8.4.7.5 Italy
8.4.7.6 Spain
8.4.7.7 Rest of Western Europe
8.5. Asia Pacific Cancer Cell Market
8.5.1 Key Market Trends, Growth Factors and Opportunities
8.5.2 Top Key Companies
8.5.3 Historic and Forecasted Market Size by Segments
8.5.4 Historic and Forecasted Market Size By Type
8.5.4.1 Carcinomas
8.5.4.2 Sarcomas
8.5.4.3 Leukemia
8.5.4.4 Others
8.5.5 Historic and Forecasted Market Size By Application
8.5.5.1 Chemotherapy
8.5.5.2 Radiation Therapy
8.5.5.3 Immunotherapy
8.5.5.4 Hormone Therapy
8.5.5.5 Targeted Drug Therapy
8.5.5.6 Others
8.5.6 Historic and Forecasted Market Size By End User
8.5.6.1 Hospital & Clinics
8.5.6.2 Specialty Clinics
8.5.6.3 Diagnostic Laboratories
8.5.7 Historic and Forecast Market Size by Country
8.5.7.1 China
8.5.7.2 India
8.5.7.3 Japan
8.5.7.4 South Korea
8.5.7.5 Malaysia
8.5.7.6 Thailand
8.5.7.7 Vietnam
8.5.7.8 The Philippines
8.5.7.9 Australia
8.5.7.10 New Zealand
8.5.7.11 Rest of APAC
8.6. Middle East & Africa Cancer Cell Market
8.6.1 Key Market Trends, Growth Factors and Opportunities
8.6.2 Top Key Companies
8.6.3 Historic and Forecasted Market Size by Segments
8.6.4 Historic and Forecasted Market Size By Type
8.6.4.1 Carcinomas
8.6.4.2 Sarcomas
8.6.4.3 Leukemia
8.6.4.4 Others
8.6.5 Historic and Forecasted Market Size By Application
8.6.5.1 Chemotherapy
8.6.5.2 Radiation Therapy
8.6.5.3 Immunotherapy
8.6.5.4 Hormone Therapy
8.6.5.5 Targeted Drug Therapy
8.6.5.6 Others
8.6.6 Historic and Forecasted Market Size By End User
8.6.6.1 Hospital & Clinics
8.6.6.2 Specialty Clinics
8.6.6.3 Diagnostic Laboratories
8.6.7 Historic and Forecast Market Size by Country
8.6.7.1 Turkiye
8.6.7.2 Bahrain
8.6.7.3 Kuwait
8.6.7.4 Saudi Arabia
8.6.7.5 Qatar
8.6.7.6 UAE
8.6.7.7 Israel
8.6.7.8 South Africa
8.7. South America Cancer Cell Market
8.7.1 Key Market Trends, Growth Factors and Opportunities
8.7.2 Top Key Companies
8.7.3 Historic and Forecasted Market Size by Segments
8.7.4 Historic and Forecasted Market Size By Type
8.7.4.1 Carcinomas
8.7.4.2 Sarcomas
8.7.4.3 Leukemia
8.7.4.4 Others
8.7.5 Historic and Forecasted Market Size By Application
8.7.5.1 Chemotherapy
8.7.5.2 Radiation Therapy
8.7.5.3 Immunotherapy
8.7.5.4 Hormone Therapy
8.7.5.5 Targeted Drug Therapy
8.7.5.6 Others
8.7.6 Historic and Forecasted Market Size By End User
8.7.6.1 Hospital & Clinics
8.7.6.2 Specialty Clinics
8.7.6.3 Diagnostic Laboratories
8.7.7 Historic and Forecast Market Size by Country
8.7.7.1 Brazil
8.7.7.2 Argentina
8.7.7.3 Rest of SA
Chapter 9 Analyst Viewpoint and Conclusion
9.1 Recommendations and Concluding Analysis
9.2 Potential Market Strategies
Chapter 10 Research Methodology
10.1 Research Process
10.2 Primary Research
10.3 Secondary Research
Q1: What would be the forecast period in the Cancer Cell Market research report?
A1: The forecast period in the Cancer Cell Market research report is 2024-2032.
Q2: Who are the key players in the Cancer Cell Market?
A2: Abbott Laboratories, Novartis International AG, Arcellx, Autolus Therapeutics, Kite Pharma, Cellectis, Celyad Oncology, Crescendo Biologics Limited, GammaDelta Therapeutics Ltd., Bio-Rad Laboratories Inc, QIAGEN Inc, Thermo Fisher Scientific, Merck Millipore, Siemens Healthineers AG, and GE Healthcare and Other ActivePlayers.
Q3: What are the segments of the Cancer Cell Market?
A3: The Cancer Cell Market is segmented into By Type, By Application, By End User and region. By Type, the market is categorized into Carcinomas, Sarcomas, Leukemia, Others. By Application, the market is categorized into Chemotherapy, Radiation Therapy, Immunotherapy, Hormone Therapy, Targeted Drug Therapy, Others. By End User, the market is categorized into Hospital & Clinics, Specialty Clinics, Diagnostic Laboratories. By region, it is analyzed across North America (U.S., Canada, Mexico),Eastern Europe (Russia, Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe),Western Europe (Germany, UK, France, Netherlands, Italy, Spain, Rest of Western Europe),Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New-Zealand, Rest of APAC),Middle East & Africa (Turkiye, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa),South America (Brazil, Argentina, Rest of SA).
Q4: What is the Cancer Cell Market?
A4: The cancer cell market refers to the industry focused on the development, production, and distribution of products and technologies used for the detection, diagnosis, treatment, and research of cancer cells. This market includes a wide range of solutions, such as diagnostic tools, therapeutic drugs, cell-based therapies, and advanced technologies like gene editing and immunotherapy. The growth of the cancer cell market is driven by increasing cancer incidence rates, advancements in biotechnology, personalized medicine, and the rising demand for more effective and targeted cancer treatments.
Q5: How big is the Cancer Cell Market?
A5: Cancer Cell Market Was Valued at USD 10.79 Million in 2023 and is projected to reach USD 22.04 Billion by 2032, growing at a CAGR of 8.25% from 2024 to 2032.
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