HER2 Testing Market size is expected to cross USD 408 Million by the end of 2036, growing at a CAGR of 8% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of HER2 testing was over USD 150 Million. The market for HER2 testing is slated to grow at a rate that is proportionate to research and development in cancer diagnostic technologies, which will lead to more sophisticated applications for HER2 testing and cancer screening. The United States alone has a sizable patient pool for breast cancer, with around 62800 occurrences of in situ breast cancer, 1980 of which are in men, and approximately 15% of cases dying from rising rates of breast cancer, according to data from the American Society of Clinical Oncology (ASCO).
In addition to these, the popularity of HER2 testing for breast cancer screening is predicted to soar due to the expanding support from both public and private organizations, as well as reimbursement policies for breast biopsy and diagnosis. It is predicted that the combination of the Inform HER2 Dual ISH test and the SPoT-Light HER2 CISH test will provide an accurate and affordable solution for breast HER2 testing.
Growth Drivers
Challenges
Base Year |
2023 |
Forecast Year |
2024-2036 |
CAGR |
~ 8% |
Base Year Market Size (2023) |
~ USD 150 Million |
Forecast Year Market Size (2036) |
~ USD 408 Million |
Regional Scope |
|
Cancer Type (Breast Cancer, Gastric Cancer, Bladder Cancer, Ovarian Cancer)
Based on cancer type, the breast cancer segment in the HER2 testing market is anticipated to hold the largest revenue share of about 40% during the forecast period. Throughout the projection period, breast cancer is anticipated to have the greatest growth rate in the HER 2 testing market. The risk factors that raise the incidence of breast cancer include aging, genetic mutations, reproductive history, having thick breasts, having a personal or family history of the disease, and drug exposure. HER3 genes change and produce additional copies of themselves in breast cancer. The purpose of HER2 testing is to determine whether the cancer is HER-2 positive and to determine whether the malignancy is responding to treatment or coming back after it has been stopped. In 2020, 685,000 people died worldwide from breast cancer, accounting for 2.3 million new diagnoses. Breast cancer is the most common cancer worldwide, with 7.8 million people surviving as of the end of 2020 who received a diagnosis within the previous five years.
End Users (Hospital, Diagnostic Centers, Specialty Clinics)
Based on end users, the hospital segment in the HER2 testing market is attributed to hold the largest revenue share of about 48% during the forecast period. This test was primarily used by clinicians in hospitals to identify tumors with higher-than-normal amounts of the HER2 protein or cancer cells with an excessive number of HER2 gene copies. Hospital laboratories examine a sample of breast cancer tissue retrieved during surgery or biopsy for HER2 levels in invasive breast tumors. Rather than diagnostic labs, the hospitals are equipped with state-of-the-art medical technology. Hospitals may readily obtain Fluorescence in Situ Hybridization (FISH) devices, which are a prerequisite for the HER 2 test. Therefore, the market for HER 2 testing is dominated by hospitals.
Our in-depth analysis of the global HER2 testing market includes the following segments:
Technique |
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Cancer Type |
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End Users |
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North American Market Forecast
HER2 testing market in North America is expected to hold the largest revenue share of about 34% during the forecast period. Because of its high acceptance rate and greater product penetration, North America is expected to be the leading regional market for HER2 testing. A significant need for HER2 testing exists in the area as well. The United States leads the market in North America as a result of the nation's rising breast cancer incidence rate. Growing rates of cancer, including stomach, breast, and other cancers, a well-established healthcare system, and rising healthcare spending are the main factors driving the regional HER2 testing market. According to projections from the American Cancer Society, 310,720 new instances of invasive breast cancer will be identified in women in the US by 2024. There will be roughly 56,500 new diagnoses of ductal carcinoma in situ (DCIS).
APAC Market Statistics
HER2 testing market in the Asia Pacific region is projected to hold the second largest revenue share of about 27% during the forecast period. In terms of the ongoing adoption of new technologies and research from businesses in the field of HER2 testing research, China and India are predicted to expand quickly. HER2 testing is in high demand in the Asia Pacific due to high occurrences of gastric and gastroesophageal junction cancer. Patients with advanced HER2-positive disease have a better quality of life owing to HER2-targeted therapy, which also makes high-quality testing methods more important to determine whether patients have responded to the treatment.
Author Credits: Radhika Pawar
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