Growth in the Cell and Gene Therapy Market occurred due to an increase in investments in cell and gene therapies. an increase in research and development, advances in cancer drug discovery, an increase in public-private partnerships, strong economic growth in emerging markets, increased healthcare expenditure, and an increase in pharmaceutical R&D expenditure during the historical period. Inadequate reimbursements, legislative changes, limited healthcare access, and a limited number of treatment clinics hampered the industry. In the future, the rising prevalence of cancer and chronic diseases, rising elderly population, increased focus on cell and gene therapy, and rising healthcare spending will drive expansion in the cell and gene therapy market. High costs are one factor that could stymie market expansion in the future. Therapy, strict rules, reimbursement issues, and a coronavirus pandemic.
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