Gene therapy involves introducing genes into existing cells to treat or prevent diseases by correcting defective genes, utilizing techniques such as somatic and germline therapy. Significant historical milestones include the first approved gene therapy in 1990, advancements in various therapies for conditions like SCID and cystic fibrosis, and the use of viral and non-viral vectors for gene delivery. Despite its potential benefits like curing hereditary diseases and improving quality of life, challenges include immune responses, the risk of random gene insertion, and limitations in targeting multiple gene defects.