Pandemic Impact Outlook on Theranostics Market and Latest Developments during the forecasted period

Global Theranostic Market accounted for US$ 81.40 billion in 2020 and is estimated to be US$ 468.7 billion by 2030 and is anticipated to register a CAGR of 10.40%. Theranostics is referred to the fusion of diagnostics and drug therapy. It involves nanoscience to unite diagnostic and therapeutic applications to form a single agent, allowing for diagnosis, drug delivery, and treatment response monitoring. Theranostics helps in optimizing safety, effective results, and streamlining of drug development. It uses specific biological pathways in human body to acquire diagnostic images as well as to deliver a therapeutic dose of radiation to the patient. Further, the theranostics uses specific biological pathways in the human body, to acquire diagnostic images and also to deliver a therapeutic dose of radiation to the patient.
The report " Global Theranostics Market, By Therapeutic Area (Oncology (Breast Cancer, Lung Cancer, Colorectal Cancer, and Cervical Cancer), Cardiovascular Diseases, Neurological Disorders, and Immunological Disorders), By Technology (Polymerase Chain Reaction, Immunohistochemistry, and In Situ Hybridization, Sequencing), By End User (Hospital and Diagnostic Laboratories), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) - Trends, Analysis and Forecast till 2030”

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Driver: As cancer occurrences continue to rise and side-effects of procedures like chemotherapy continue to be a challenge for clinicians, the theranostics market is predicted to grow rapidly. The rising prevalence of tumors such as brain, kidney, liver, and breast, among others, presents numerous potential for theranostics players. Furthermore, theranostics market expansion is predicted to be fueled by expanding research and development as well as hopeful FDA approvals in the pipeline. People's need for early diagnosis is also fueling the demand for theranostics.
Restrain: The high costs of therapy, as well as the fact that it is still experimental, are considered to be key roadblocks to expansion. Furthermore, healthcare costs and a lack of information regarding post-cancer treatments are projected to be obstacles in places such as North America.
Key Highlights:
• In 2021, UC Davis Health expands clinical approach to cancer with the fusion of diagnostics and therapy which includes theranostics technology for imaging and attacking tumor within patients.
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Key Market Insights from the report:
The Global Theranostic Market accounted for US$ 81.40 billion in 2020 and is estimated to be US$ 468.7 billion by 2030 and is anticipated to register a CAGR of 10.40%. The Global Theranostics Market has been segmented on the basis of therapeutic area, technology, end-user and region.
• By Therapeutic Area, the market is segmented into Oncology (Breast Cancer, Lung Cancer, Colorectal Cancer, and Cervical Cancer), Cardiovascular Diseases, Neurological Disorders, and Immunological Disorders.
• By Technology, the market is segmented into Polymerase Chain Reaction, Immunohistochemistry, and In Situ Hybridization, Sequencing.
• By End-User, the market is segmented into Hospital and Diagnostic Laboratories.
• By Region, the Global Diabetic Neuropathy Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Competitive Landscape & their strategies:
The prominent player operating in the global thernostics market includes Thermo Fisher Scientific, Inc., Beckman Coulter, Inc., Focus Diagnostics GmbH, AmeriPath, Inc., Illumina, Inc., F.Hoffmann LA-Roche Ltd., Qiagen N.V., Myriad Genetics, Inc., Agilent Technologies, Inc., Abbott Laboratories, Foundation Medicine, Inc., and Oxford Cancer Biomarkers, Ltd. Prominent players operating in the target market are focusing on the strategic partnerships as well as launching of the products in order to gain competitive edge in the target market.

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About Report:
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

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Key questions answered in the report:

• What will the market growth rate of Theranostics Market in 2026?
• What are the key factors driving the global Theranostics Market?
• Who are the key manufacturers in Theranostics Market space?
• What are the market opportunities, market risk and market overview of the Global Theranostics market?
• What are sales, revenue, and price analysis of top manufacturers of Theranostics Global market?
• What are sales, revenue, and price analysis by types and applications of Theranostics Market?
• What are sales, revenue, and price analysis by regions of Theranostics market?

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This release was published on openPR.