Markntel Advisors’ report, Theranostics Research Report: Trend, Business Growth, Size, Future Scope, Segmentation, Dynamics, and Forecast to 2030, offers a comprehensive guide for the growing industry. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts. The research report on the Theranostics presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage.
Theranostics Market Research Report & Market Summary:
The Global Theranostics Market size is estimated to grow at a CAGR of around 14.4% during the forecast period, i.e., 2024-30. The market for theranostics has been growing at a significant rate during the past few years, owing to several key factors. The increasing number of hospitals, along with a growing emphasis on targeted therapies, has been contributing to this market expansion. Moreover, the introduction of innovative theranostics approaches in recent years has further escalated market growth & development.
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Theranostics Market Dynamics:
Key Driver-
Rising Collaborations to Improve Patient Care in the Global Theranostics Market – The increasing emphasis on collaborations among companies to enhance patient care in theranostics has been propelling the growth of the Global Theranostics Market. The collaborations have been focused on bolstering research, clinical collaboration, and educational programs in theranostics, which integrate diagnoses and targeted treatments to optimize disease diagnosis and treatment monitoring. Also, through collaborations, companies aim to increase awareness among consumers and healthcare professionals regarding the benefits and effectiveness of theranostics. These partnerships have been spurred by the escalating demand for theranostics practices, particularly following the approval of new theranostics-related drugs and therapies by organizations like Health Canada and the U.S. Food and Drug Administration. For instance,
- In 2023, GE HealthCare partnered with St. Joseph’s Health Care London and the Lawson Health Research Institute to establish a Theranostics Center of Excellence. This center aims to bolster research endeavors, foster clinical partnerships, and develop educational initiatives to advance the field of theranostics. Its mission is to enhance awareness, education, training, and patient care accessibility in this evolving practice.
These alliances are an indication of the growing recognition of theranostics as a pivotal approach in modern healthcare, blending therapy and diagnostics to optimize disease management.
Additionally, theranostics involves the integration of molecular imaging technologies and advanced digital solutions for personalized therapy. Thus, some collaborations seek to enhance production and access to radioisotopes, advance technologies for improved image quality and care coordination, and educate healthcare practitioners and government bodies to bolster theranostic adoption and advancement. Ultimately, the goal is to ensure the right patients receive the right treatments at the right time, leading to enhanced patient outcomes. Thus, as awareness improves, more healthcare professionals prefer this modality. Ultimately, it would augment the size & volume of the theranostics industry over the forecast period.
Theranostics Market Segmentation Analysis:
According to MarkNtel study the market is segmented into the following categories:
By Product
- Diagnostic Imaging- Market Size & Forecast 2019-2030F, USD Million
- MRI- Market Size & Forecast 2019-2030F, USD Million
- Pet Imaging- Market Size & Forecast 2019-2030F, USD Million
- Nuclear Imaging- Market Size & Forecast 2019-2030F, USD Million
- Others (CT Scan, Molecular Imaging, etc.)- Market Size & Forecast 2019-2030F, USD Million
- Radiopharmaceuticals- Market Size & Forecast 2019-2030F, USD Million
- Lutetium-177- Market Size & Forecast 2019-2030F, USD Million
- Samarium-153- Market Size & Forecast 2019-2030F, USD Million
- Radium-223- Market Size & Forecast 2019-2030F, USD Million
- Iodine-131- Market Size & Forecast 2019-2030F, USD Million
- Yttrium-90- Market Size & Forecast 2019-2030F, USD Million
- Others (Gallium-68 Fluorine-18, etc.) – Market Size & Forecast 2019-2030F, USD Million
- IVD/Biomarkers Screening- Market Size & Forecast 2019-2030F, USD Million
- Polymerase Chain Reaction- Market Size & Forecast 2019-2030F, USD Million
- Next-Generation Sequencing (NGS)- Market Size & Forecast 2019-2030F, USD Million
- Fluorescence in-situ Hybridization (FISH)- Market Size & Forecast 2019-2030F, USD Million
- Software & Services- Market Size & Forecast 2019-2030F, USD Million
Among these, the polymerase chain reaction (PCR) segment has experienced rapid growth, with a major share in the Global Theranostics Market.
By Application
- Prostate Cancer- Market Size & Forecast 2019-2030F, USD Million
- Neuroendocrine Cancer- Market Size & Forecast 2019-2030F, USD Million
- Adult Pheochromocytoma- Market Size & Forecast 2019-2030F, USD Million
- Others (Paraganglioma, Pediatric Neuroblastoma, etc.)- Market Size & Forecast 2019-2030F, USD Million
By End Users
- Hospitals- Market Size & Forecast 2019-2030F, USD Million
- Diagnostic Centers- Market Size & Forecast 2019-2030F, USD Million
- Others (Research Institutes and Academic Centers, Specialty Clinics, etc.)- Market Size & Forecast 2019-2030F, USD Million
Hospitals have emerged as a leading segment in the Global Theranostics Market. This segment holds a major market share. This surge has been supported by a multitude of factors, foremost among them being the escalating number of patients seeking theranostic diagnosis and treatment.
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific.
North America has been experiencing substantial growth in the Global Theranostics Market throughout the historical period. This has been driven by the escalating demand for enhanced and personalized treatment options, particularly due to the rising incidence of cancer cases across the region.
As indicated in the latest market research report published by Markntel Advisors, “Theranostics Research Report: Forecast (2024-2030)”, this report offers a detailed analysis of the industry, featuring insights into the Theranostics industry. It encompasses competitor and geographical analyses, as well as recent advancements in the market.
Browse Full Report Along with TOC and Figures – https://www.marknteladvisors.com/research-library/theranostics-market.html
Top Companies Operating in the Theranostics Market:
- Siemens Healthcare Private Limited
- GE HealthCare
- Bayer AG
- Cardinal Health
- Hologic, Inc.
- Radiopharm Theranostics Limited
- ITM Isotope Technologies Munich SE
- Isotopia Molecular Imaging
- Perspective Therapeutics
- Ratio Therapeutics
- ChiRhoClin
- Cerebral Therapeutics, Inc.
- Telix Pharmaceuticals Limited
- Biosynth Ltd.
- Theradiag
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Key Report Highlights:
- Market Dimensions & Projections
- Pricing Evaluation,
- Recent Strategic Moves by Companies,
- Primary Stakeholders,
- Analysis of Import and Export Trends,
- Competitive Landscape Assessment,
- Emerging Opportunities,
- Market Trends and Indicators
Note – If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.
Frequently Asked Questions (FAQs)-
- What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- What leading factors would propel and impede the industry across the geography?
- How has the industry been evolving in terms of geography & Theranostics Market adoption?
- How has the competition been shaping up across the geography?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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