Global Theranostics Market Size, Share, Trends, Demand, Growth and Competitive Analysis 2030

The recent analytical report published by Markntel Advisors (a leading consulting, data analytics, and market research firm), Market comprises a detailed study of critical and major aspects of market dynamics, i.e. market trends, size, forecasts, growth factors, challenges, and competitor landscape.

In-Depth Market Overview of Global Theranostics Market (2024-2030):

According to the latest report, 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 report demonstrates the prominent factors propelling the exponential growth of the Global Theranostics Market.


Key Takeaways: Beneficial for Stakeholders and Clients

·        Historic Period: 2019-2022

·        Base year: 2023

·        Forecast Years: 2024-2030

·        CAGR (2024-30): 14.4%

Key Perks: “In case you missed it, we are currently revising our reports. Click on the below to get the latest research data with forecasts for the years 2025 to 2030, including market size, industry trends, and competitive analysis. It wouldn’t take long for the team to deliver the most recent version of the report.”

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What are the major Driver the Global Theranostics Market?

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.

Global Theranostics Market Segmentation

The Global Theranostics Market analysis of MarkNtel Advisors explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:

  • 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
  • By Region
    • North America
    • South America
    • Europe
    • The Middle East & Africa
    • Asia-Pacific

As per the regional aspect, the Global Theranostics Market is expected to be dominated by the North America by capturing the potential market share. 

Explore further details about this research report-

https://www.marknteladvisors.com/research-library/theranostics-market.html

Top Companies in the Global 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, Others

Global Theranostics Industry Recent Development

  • In 2023: GE HealthCare and Mayo Clinic announced a strategic healthcare collaboration to innovate medical imaging and theranostics, involving scientists, clinicians, and technology developers from both entities. The collaboration aims to enhance clinicians' diagnostic and treatment capabilities while personalizing patient experiences through the translation of novel technologies into clinical practice.
Other reports:

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Empowering Data-Backed Judgement: Our comprehensive Market research encompasses a wide spectrum of activities, including precise market sizing, detailed segment analysis, accurate demand forecasting, competitor identification, and meticulous pricing trend monitoring.

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