Global Theranostics Market to Grow at 10.69% During 2022-2027, Impelled by Increasing Prevalence of Cancer

December 19, 2022

According to the latest report by IMARC Group, titled "Theranostics Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027," the global theranostics market is expected to grow at a CAGR of 10.69% during 2022-2027. Theranostics is the term used to describe the mixture of diagnostic biomarkers with therapeutic agents that share a specific target in diseased cells or tissues. It is derived from a combination of the words therapeutics and diagnostics. In this, drugs are uniquely combined to diagnose and treat medical conditions simultaneously. It provides a transition from traditional to personalized medicines. It deals with a customized treatment plan based on the uniqueness of every person, thus resulting in the right drug for the right patient at the right time. It helps to avoid unnecessary therapies being given to patients for whom they are unsuitable and ensure that the planned treatment will influence the targeted therapy area effectively. Theranostics is a new medical field that is gaining much attention from regulatory authorities and the healthcare industry.

Global Theranostics Market Trends:

The global market is majorly driven by the increasing incidences of cancer and other chronic illness. In line with this, the rising investments in biological research and the growing number of approvals for producing products from regulatory authorities are significantly contributing to the market growth. Furthermore, the escalating demand for effective treatment procedures at lowered costs and the reduced time for medical trials are positively influencing the market. Apart from this, the increasing individual interest in early diagnosis and the growing awareness regarding manufacturing quality drugs with advanced technologies are catalyzing the market. Moreover, the high demand for companion diagnostic products in oncology is anticipated to propel the market expansion. Besides, the rising expenditure on healthcare and clinical trials and the rapid advancements in bioscience are strengthening the market. Additionally, the growing efforts by the governments of various countries to spread awareness about the available medical treatments are bolstering the market.

Market Summary:

  • On the basis of the disease type, the market has been categorized into neurological disorders, cardiovascular diseases, immunological disorders, oncology diseases, and others.
  • Based on the technology, the market has been classified into polymerase chain reaction, immunohistochemistry, in-situ hybridization, sequencing, and others.
  • Based on the end user, the market has been segmented into hospitals and clinics, diagnostic laboratories, and others.
  • On the basis of the region, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others) and the Middle East and Africa.
  • The competitive landscape of the market has been studied in the report with detailed profiles of the key players operating in the market. Some of the key players include Abbott Laboratories, Agilent Technologies Inc., AmeriPath Inc (Quest Diagnostics Incorporated), Beckman Coulter Inc. (Danaher Corporation), Becton Dickinson and Company, F. Hoffmann-La Roche AG, General Electric Company, Illumina Inc., Myriad Genetics Inc., Pfizer Inc., Qiagen N.V. and Thermo Fisher Scientific Inc.
     

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Group
30 N Gould St, Ste 
Sheridan, WY (Wyoming) 82801 USA
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

Global Theranostics Market to Grow at 10.69% During 2022-2027, Impelled by Increasing Prevalence of Cancer
Select Licence Type



Benefits of Customization

Personalize This Research

Triangulate with your Data

Get Data as per your Format and Definition

Gain a Deeper Dive into a Specific Application, Geography, Customer or Competitor

Any level of Personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Bayer AH

It was indeed a great experience to work with IMARC on the assignment on Aqua market. The team had done a fantastic job in terms of what was expected, what was assured and what was the result… the report gave us many insights and market know how which allowed us to work on our strength and define exact strategies…

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More