The American Cancer Society stated that in 2014 about 237,000 women and 2,200 men were diagnosed with breast cancer and nearly 465 men and 41,211 women in the U.S. succumbed to breast cancer. Breast cancer is the most common type of cancer, excluding non-melanoma skin cancer, among women in the U.S. Predictive gene testing is also known as presymptomatic testing. Considering the fact that this test is completed even before the early signs of the disease or disorder are yet to observed and thus enable determining person’s risk of suffering disorder or disease. Predictive breast cancer gene testing is done to identify the risk of developing the cancer in a person having a family history of this disease. Earlier detection of breast cancer helps to completely cure the patient and save the affected breast. Since the advantages of early detection of breast cancer, governmental and non-governmental organizations around the globe have started taking initiatives to spread awareness regarding the disease and early detection techniques available in their respective territories. Increasing prevalence of breast cancer is a major concern for governments that is encouraging them to conduct awareness programs to reduce the mortality rate of caused by the disease.
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Increasing incidence of breast cancer globally and initiatives taken by governmental organizations to reduce morbidity rate caused by breast cancer are factors driving the predictive breast cancer genetic testing market. However, acquisition of small market entrants by leading market players, high initial capital investments, and strict government regulations for predictive breast cancer genetic tests restrain the predictive breast cancer gene testing market.
Based on geography, the predictive breast cancer gene testing market can be segmented into North America, Europe, Asia Pacific, and Rest of the World. North America dominates the predictive breast cancer gene testing market followed by Europe. Growing awareness regarding breast cancer among the adult population and availability of sophisticated technologically and advanced treatment options are factors propelling the market in these regions. According to the Canadian Cancer Society, approximately 1,175 new breast cancer cases are likely to be diagnosed in women under the age of 40, representing nearly 5% of all new breast cancers and nearly 3,300 new cases of breast cancer are expected to be diagnosed in women between the ages of 40 and 49, representing about 13% of all new breast cancers in 2017. Asia Pacific is one of the most promising regions for the predictive breast cancer gene testing market as the region is developing rapidly. Emerging economies and easy market penetration in developing countries in Asia are projected to drive the predictive breast cancer gene testing market in the near future.
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Key players operating in the predictive breast cancer gene testing market are Myriad Genetics, Inc., Complete Genomics Incorporated, Ambry Genetics, PreventionGenetics, and Illumina, Inc.