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Theranostics Market 2023 | Market Size, Share Analysis, Trends, Segmentation And Forecast To 2032
Theranostics Market
The Business Research Company's Theranostics Global Market Report 2023 identifies rising prevalence of canceras the major driver for the Theranostics market's growth in the forecast period. Cancer refers to uncontrolled cell growth, which impacts various organs and contributes to significant morbidity and mortality worldwide. Theranostics, the integration of therapeutics and diagnostics, offers promising potential in cancer and chronic disease management. This approach enables personalized and targeted treatments by combining diagnostic and therapeutic capabilities, presenting opportunities for innovation in the healthcare industry.
The global theranostics market size is expected to grow from $88.45 billion in 2022 to $98.91 billion in 2023 at a compound annual growth rate (CAGR) of 11.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global theranostics market size is expected to reach $148.39 billion in 2027 at a CAGR of 10.6%.
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Major competitors in the Theranostics market are Abbott Laboratories, Agilent Technologies Inc., AmeriPath Inc, Beckman Coulter Inc., Thermo Fisher Scientific Inc., F Hoffman La Roche, Focus Diagnostics.
A key trend in the Theranostics market includes integration of imaging and treatment technologies. Major companies operating in the theranostics market are integrating multiple imaging and treatment technologies to provide more accurate and personalized treatments for a wide range of medical conditions, enhance patient care, and sustain their position in the market. For instance, in March 2021, GE HealthCare Technologies Inc., a US-based medical technology company, launched StarGuide, latest SPECT/CT technology, aimed at facilitating research for clinicians. This advanced system incorporates the latest Cadmium Zinc Telluride (CZT) technology, which enables healthcare providers to gain deeper insights into patient conditions and improve patient outcomes across various care areas.
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The Theranostics market is segmented -
• By Disease Type: Neurological Disorders, Cardiovascular Diseases, Immunological Disorders, Oncology Diseases, Other Diseases
• By Technology: Polymerase Chain Reaction, Immunohistochemistry, In-Situ Hybridization, Sequencing, Other Technologies
• By End User: Hospitals And Clinics, Diagnostic Laboratories, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Theranostics market.
The Business Research Company's "Global Theranostics Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Theranostics Market Include:
1. Executive Summary
2. Theranostics Market Characteristics
3. Theranostics Market Trends And Strategies
4. Theranostics Market - Macro Economic Scenario
5. Theranostics Market Size And Growth
……………………………………….
26. Africa Theranostics Market
27. Theranostics Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Theranostics Market
29. Theranostics Market Future Outlook and Potential Analysis
30. Appendix
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