PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1783713
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1783713
Theranostics Market Introduction and Overview
According to SPER market research, 'Global Theranostics Market Size- By Product, By Application, By End-User - Regional Outlook, Competitive Strategies and Segment Forecast to 2034' state that the Global Theranostics Market is predicted to reach 9.15 billion by 2034 with a CAGR of 13.85%.
Theranostics combines "therapy" and "diagnostics," integrating tests and treatments in medicine. This approach tailors patient care by considering individual factors like disease biology and genetics. Diagnostic methods identify specific biomarkers, guiding the choice of suitable therapies, which can include targeted drugs, immunotherapies, or radiation therapies, aimed at increasing effectiveness and reducing side effects.
Restraints: Theranostics products are expensive to develop, test, and approve. Manufacturing costs are also costly since production procedures are difficult and need the use of advanced technologies. Economies of scale may be difficult to achieve because the majority of theranostic products are speciality or niche goods. Furthermore, the use of these technology results in additional costs for altering healthcare facilities. Patients bear the significant costs.
Scope of the report:
Report Metric Details
Market size available for years 2021-2034
Base year considered 2024
Forecast period 2025-2034
Segments covered By Product, By Application, By End-User
Regions covered
North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa
Companies Covered
Bayer AG, Beckman Coulter, Inc, Cardinal Health, Inc, Canon Medical Systems Corporation, Curium, F. Hoffmann La Roche Ltd, GE HealthCare Technologies Inc, Koninklijke Philips N.V, Lantheus Holdings, Inc, Siemens Healthnieers AG, Thermo Fisher Scientific Inc.
Global Theranostics Market Segmentation:
By Product: Based on the Product, Global Theranostics Market is segmented as; Diagnostic Imaging, Radiopharmaceuticals, IVD/Biomarker Screening, Software, Services.
By Application: Based on the Application, Global Theranostics Market is segmented as; Prostate Cancer, Bone Metastasis, Neuroendocrine Tumors, Lymphoma, Cardiovascular diseases.
By End User: Based on the End User, Global Theranostics Market is segmented as; Hospitals, Diagnostics centers, Specialty clinics, Other end-users.
By Region: This research also includes data for North America, Latin America, Asia-Pacific, Europe, Middle East & Africa.