Cell and Gene Therapy Market is Rapidly Driven by Innovations Current Trends, New Development and Future Opportunities
The cell and gene therapy market is the upcoming wave of therapeutic innovation in the healthcare and life sciences industry. However, the technology for manufacturing these therapies are still in t nascent stage. Furthermore, in 2020 significant number of financing was received by the company for cell and gene therapies in spite of economic challenges due to COVID-19 spread. The year was record breaking and the therapeutic developers of the cell and gene therapies raised more in the first half of the year than in the complete year 2019. Cell and gene therapy are overlapping fields of biomedical research having similar therapeutic goals, which target DNA or RNA inside or outside the body. Both therapies aim at modifying genetic material for treatment of a disease. Gene therapy uses genetic material, or DNA, to manipulate a patient’s cells for the treatment of an inherited or acquired disease. Cell therapy is the introduction of new cells into a patient’s body to grow, replace or rep