In Situ Hybridization Market: Global Demand Analysis & Opportunity Outlook 2036


Posted December 1, 2023 by researchnesture

In Situ Hybridization Market Size by Research Nester Reveals the Market to Grow with a CAGR of ~12% During 2024-2036 and Attain ~USD 4 Billion by 2036

 
Research Nester assesses the growth and market size of global In situ hybridization market which is anticipated to be on account of the growing cases of infectious diseases and growing elderly population across the globe
Research Nester’s recent market research analysis on “In Situ Hybridization Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitors analysis and a detailed overview of the global In Situ Hybridization market in terms of market segmentation by technology, product, end-user, application and by region.
Growing Cases of Breast Cancer to Promote Global Market Share of In Situ Hybridization
The global In situ hybridization market is estimated to grow majorly on account of the increasing prevalence of breast cancer across the globe. The most frequent malignancy in women is breast cancer as it is most frequently diagnosed in more than 120 of the 184 nations in the globe. The DNA in breast cells may mutate or change, impairing particular activities that regulate cell growth and division this complex interaction of your genetic composition is likely what causes breast cancer. The risk of getting breast cancer can be increased by the BRCA1 and BRCA2 genes, and more than 70% of breast cancer instances are considered as invasive. This may create a huge demand for In situ hybridization as it is the most reliable and predictive test for HER2/neu gene amplification and treatment response in breast cancer. Moreover, In situ, hybridization is a crucial method in the study of breast cancer and is frequently used in the identification of particular nucleic acid sequences to research the critical elements for assessing breast cancer patients' prognoses.
For instance, in 2020, more than 684,000 people worldwide died and over 2 million women were diagnosed with breast cancer.
The global In situ hybridization market is estimated to grow majorly on account of the increasing cases of leukemia’s. Leukemia cases have been rising considerably more quickly than any other type of cancer, as it rises with advancing age and represents cumulative DNA damage to cells over time. In certain situations, smoking, and genetic anomalies appear to have a role in the development of leukemia, or it may develop as a result of pluripotent stem cells' malignant transformation. Fluorescence in situ hybridization (FISH), is a molecular cytogenetics approach for detecting chronic myeloid leukemia that is an additional molecular method that has recently been investigated for the diagnosis of residual leukemia.
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According to estimates, in 2020, there were more than 473,519 new leukemia cases reported across the globe.
Some of the major growth factors and challenges that are associated with the growth of the global In situ hybridization market are:
Growth Drivers:
• Surge in Popularity of Minimally Invasive Procedures Globally
• Rising Availability of High-Quality Molecular Tests
Challenges:
The high cost of In Situ Hybridization, and the absence of trained professionals are some of the major factors anticipated to hamper the global market size of In situ hybridization. In situ hybridization is costly since it requires the use of pricey specialized chemicals and expensive probes.
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By technology, the global In situ hybridization market is segmented into fluorescent In situ hybridization (FISH), chromogenic In situ hybridization (CISH). The fluorescent In situ hybridization (FISH) segment is to garner a highest revenue by the end of 2036 by growing at a significant CAGR over the forecast period. The molecular cytogenetic technique known as fluorescence in situ hybridization (FISH) is a potent tool for pinpointing the position of a cloned DNA sequence. Moreover, by using fluorescent probes that bind to specific chromosome locations, fluorescence in situ hybridization (FISH) allows to testing of many targets.
Additionally, Chromogenic in situ hybridization (CISH) is a cytogenetic method for detecting gene amplification utilizing a peroxidase reaction.
By region, the Europe In situ hybridization market is to generate the highest revenue by the end of 2036. This growth is anticipated by rising elderly population in the region. For instance, in 2022, more than 20% of EU citizens would be 65 years of age or older. This is expected to create a huge demand for In situ hybridization as the elderly population is more prone to various age-related diseases including cancer.

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This report also provides the existing competitive scenario of some of the key players of the global In situ hybridization market which includes company profiling of Thermo Fisher Scientific Inc., Abbott, PerkinElmer, Inc., Leica Biosystems Nussloch GmbH, F. Hoffman-La Roche Limited, NeoGenomics Laboratories, Inc., Advanced Cell Diagnostics, Inc., BioView, Agilent Technologies, Inc., Merck KGaA, Bio-Rad Laboratories, Inc., Oxford Gene Technology IP Limited, and others.
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Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties.
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Last Updated December 1, 2023