Cell and Gene Therapy Market Foreseen to Grow Exponentially by 2028

The increasing incidences of several chronic diseases, cardiovascular and neurological diseases across the globe is supposed to drive the development of the cell and gene therapy market. The rising number of clinical trials and increase in funding's and investments in this market are expected to surge the market. Furthermore, the improved healthcare facilities in developed countries are also going to increase the market growth, whereas, lack of reliable vector production, complex manufacturing and distribution layout and excessive costs of treatment method may serve as market constraints for the cell and gene therapy market.

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Gene and cell therapy uses genes and cells for the treatment of genetic diseases. Genetic diseases are caused by mutations, or errors in genes which can be passed down from one generation to another. Gene therapy aims to treat diseases by using genetic material, or DNA, to manipulate a patient's cells by replacing, changing or introducing genome into cells- either internally or externally. Cell therapy aims to treat diseases by introducing cells into a patient's body or by using cells to carry a therapy through the body. Cells are cultured or altered outside the patient's body before being injected into the patient.

Leading Companies:

Gilead Sciences.
Bristol-Myers Squibb.
Novartis AG.
Spark Therapeutics.
Amgen.
Merck.
Biogen.
Pfizer.
Dendreon.
Vericel

The cell and gene therapy market are segmented on the basis of type, application and end users. On the basis of type, the market is segmented into cell therapy and gene therapy. On the basis of application, the market is segmented as oncology, dermatology, musculoskeletal, genetic disorders and others. On the basis of end users, the market is segmented as hospital and clinics and others.

The "Cell and gene therapy market analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of cell and gene therapy market with detailed market segmentation by type, application and end users. The cell and gene therapy market are expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading players in cell and gene therapy market and offers key trends and opportunities in the market.

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