Analyzing the Theranostics Market: Size, Share, and Growth Projections 2024-2030
MarkNtel Advisors recently published a detailed industry analysis of the Theranostics Market. The report covers growth trends, regional marketing strategies, challenges, opportunities, and drivers influencing the market.
Insights
and Analysis of the Theranostics Market
(2024-2030)
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.
Global
Theranostics Market 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,
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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.
These increasing occurrences of illnesses
among the inhabitants are resulting in the shift towards innovative health
treatments. As a result, several non-government organizations are increasingly
funding the pharma & bio-pharma companies to develop highly effective
drugs. The continuous research & development of high-efficacy drugs would
continue to elevate the requirement for Theranostics, uplifting the Global Theranostics
Market in the forecast period.
What
segments define the Theranostics market
from 2024 to 2030? How do these segments contribute to market dynamics and
growth?
-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
-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
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Analysis Report – https://www.marknteladvisors.com/research-library/theranostics-market.html
-By Region
-North America
-South America
-Europe
-Middle East & Africa
-Asia-Pacific
Who
are the leading key players shaping the Theranostics Market landscape?
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,
Others
Questions
Addressed in this Study
1.What factors are driving the Theranostics
Market growth?
2.What are the key insights into the
current trends in the Theranostics Market?
3.What is the current size of the Theranostics
Market, and how is it projected to change in the future?
4.What is the future outlook for the Theranostics
Market in terms of technological advancements and market expansion?
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