Key Players in the European In Situ Hybridization market are Applied Spectral Imaging, Agilent Technologies, Abbott Laboratories, Life Technologies, Affymetrix.
(PRWEB) January 02, 2015
The European In Situ Hybridization market accounted for $247.4 million in 2013, which is projected to grow at a CAGR of 11.0% from 2014 to 2019.
In-situ hybridization is used to locate specific nucleic acids sequences to identify specific mRNA species within sample cells or tissue that are morphologically preserved by hybridization. The ISH technique can be classified into two types-fluorescent in-situ hybridization (FISH) and chromogenic/colometric in-situ hybridization (CISH). The ISH technique is beneficial to treat breast cancer as ISH is more reliable in terms of qualitative as well as quantitative evaluation of the biomarker. Other than breast cancer, ISH-based companion diagnostics are also used to detect mutations in patients with gastric cancer.
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Regulatory bodies in the EU are encouraging the manufacturers to identify a large number of biomarkers and develop diagnostics tests with an aim to reduce the mortality rate of cancer patients by providing them with better targeted therapeutic drugs. According to Globocan data, in 2012, the number of cancer deaths was estimated to be 1,276,000 in the EU region. New regulations have been introduced that have the potential to increase the significance of the market.
The incidence of breast cancer has been increasing in various countries due to changing reproduction patterns and lifestyles, mammography screening, increasing use of oral contraceptives, and increasing use of hormone replacement therapy in women. According to Globocan, in Europe, the incidence rate of breast cancer was the highest in 2012 (13.5%) that is expected to reach 20.0% by 2017. According to the OECD 2013 data, the healthcare expenditure in Spain was 9.3% of its GDP in 2011; this has encouraged the Spain National Health System to provide free health coverage and early detection of breast cancer. Spain has witnessed one of the lowest breast cancer mortality rates in 2014 among other European countries. These activities provide an opportunity for the development of ISH test for breast cancer in the European region.
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The European In Situ Hybridization market is classified on the basis of geography, types, products, and geography. According to geographical segmentation, this market is categorized into regions such as the U.K., Germany, Italy, France, Spain and Rest of Europe.
In addition to this, the report also provides the market share, value chain analyses and market metrics including upcoming opportunities in this market. In addition, it presents a competitive landscape and company profiles of key players in the market including major companies of the market.
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