Analysis of Breast Recurrence Score Test Market Size by Research Nester Reveals the Market to Grow with a CAGR of ~8% during 2024-2036 and Attain ~USD 20 Billion by 2036

Research Nester assesses the growth and market size of global breast recurrence score test market which is anticipated to be on account of the increasing demand from end-use industries and increasing demand for healthcare sector.

New York – November 9, 2023 - Research Nester’s recent market research analysis on “Breast Recurrence Score Test Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitors analysis and a detailed overview of the global breast recurrence score test market in terms of market segmentation by type, end user, and by region.

Clinical Evidence and Research to Promote Global Market Share of Breast Recurrence Score Test
Over the years, extensive research and clinical trials have demonstrated the clinical utility and cost-effectiveness of the Breast Recurrence Score Test. These studies have provided robust evidence supporting the use of the test in guiding treatment decisions. One landmark study, the TAILORx trial, demonstrated that women with low-risk scores on the Oncotype DX test can safely avoid chemotherapy. Such evidence has had a profound impact on clinical practice and has driven the adoption of the test in treatment decision-making. As a result of this research, clinical guidelines such as the American Society of Clinical Oncology (ASCO) and the National Comprehensive Cancer Network (NCCN) have recommended the use of the Breast Recurrence Score Test as a standard of care in specific breast cancer cases.

Some of the major growth factors and challenges that are associated with the growth of the global breast recurrence score market are:
Growth Drivers:
• Increasing Awareness and Education
• Growing Incidence of Breast Cancer
Challenges:
While insurance coverage for the test has improved, there can still be variability in coverage policies, and some patients may encounter difficulties in getting their tests covered. This issue can lead to disparities in access to personalized treatment decisions. Ensuring that healthcare providers are well-informed about the Breast Recurrence Score Test and its clinical utility is critical. Lack of awareness or misconceptions about the test can lead to underutilization, misinterpretation of results, and suboptimal treatment decisions.

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The MammaPrint segment is to garner a highest revenue by the end of 2036 by growing at a significant CAGR over the forecast period. The field of oncology is moving toward precision medicine, where treatment decisions are tailored to the unique characteristics of a patient's cancer. MammaPrint is a prime example of this approach, as it provides personalized information to guide treatment strategies. With the advent of precision medicine, the MammaPrint test plays a vital role in ensuring that breast cancer patients receive treatments that are most likely to be effective, sparing them from unnecessary treatments and their potential side effects.

By region, the Europe breast recurrence score market is to generate a notable revenue by the end of 2036. Breast cancer is the most commonly diagnosed cancer in European women. The increasing incidence of breast cancer, driven by factors such as aging populations and lifestyle changes, creates a growing demand for advanced diagnostic tools, including recurrence score tests, to guide treatment decisions. Europe is at the forefront of adopting personalized medicine. Healthcare providers in the region recognize the value of tailoring treatments to individual patients, and breast recurrence score tests play a significant role in this approach by providing personalized information to guide treatment strategies. Regulatory bodies in Europe have recognized the clinical utility of breast recurrence score tests. Regulatory support and approval provide confidence to healthcare providers and patients regarding the reliability and validity of test results, contributing to increased adoption.

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This report also provides the existing competitive scenario of some of the key players of the global breast recurrence score market which includes company profiling of Genomic Health, Inc., Agendia, Inc., NanoString Technologies, Inc., Myriad Genetics, Inc., Thermo Fisher Scientific, Inc., Illumina, Inc., and others.
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