Press release
Radiopharmaceutical Theranostics Market Size is Expected to expand at a CAGR of 15.1% by 2031 |Transparency Market Research
Radiopharmaceutical Theranostics market is estimated to attain a valuation of US$ 12.4 Bn by the end of 2031, states a study by Transparency Market Research (TMR). Besides, the report notes that the market is prognosticated to expand at a CAGR of 15.1% during the forecast period, 2023-2031
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The significant players operating in the global Radiopharmaceutical Theranostics market are
Advanced Accelerator Applications (Novartis AG), Aurobindo Pharma, Bayer AG, Blue Earth Diagnostics (Bracco), Cardinal Health, Clarity Pharmaceuticals, GE Healthcare, Jubliant Radiopharma, Navidea Biopharmaceuticals, Inc., SOFIE, Telix Pharmeceuticals, and Lantheus Medical Imaging
Key Drivers of the Radiopharmaceutical Theranostics Market:
Growing Incidence of Cancer: The increasing incidence of cancer globally, along with the demand for more effective and personalized treatment options, drives the adoption of radiopharmaceutical theranostics. Targeted radionuclide therapies offer the potential to selectively deliver radiation to cancer cells while sparing healthy tissues, leading to improved therapeutic outcomes and reduced side effects.
Advancements in Molecular Imaging: Technological advancements in molecular imaging techniques, such as positron emission tomography (PET), single-photon emission computed tomography (SPECT), and hybrid imaging modalities (PET/CT, PET/MRI), enable precise localization and characterization of tumors. Radiopharmaceutical-based imaging agents facilitate early detection, accurate staging, and treatment planning in oncology and other disease areas.
Personalized Medicine Approaches: The shift towards personalized medicine approaches, including molecular profiling, genetic testing, and companion diagnostics, drives the demand for targeted therapies and theranostic agents. Radiopharmaceutical theranostics allows for individualized treatment strategies based on tumor biology, receptor expression patterns, and patient-specific factors.
Clinical Evidence and Regulatory Approvals: The accumulation of clinical evidence supporting the efficacy and safety of radiopharmaceutical theranostics, along with regulatory approvals for new radiopharmaceuticals and indications, accelerates market adoption. Clinical trials demonstrate the benefits of theranostic approaches in improving patient outcomes, prolonging survival, and enhancing quality of life for cancer patients.
Recent Developments in the Radiopharmaceutical Theranostics Market:
Introduction of novel radiopharmaceuticals targeting specific biomarkers and molecular pathways implicated in cancer progression, metastasis, and treatment resistance, offering opportunities for personalized and targeted therapy in oncology.
Development and commercialization of companion diagnostic tests and imaging agents for patient selection, treatment response monitoring, and disease surveillance in theranostic applications, facilitating precision medicine approaches in clinical practice.
Integration of artificial intelligence (AI), machine learning (ML), and image analysis algorithms into radiopharmaceutical theranostics workflows to enhance diagnostic accuracy, treatment planning, and prognostic prediction in oncology and other disease areas.
Expansion of theranostic applications beyond oncology to include neurology, cardiology, endocrinology, and infectious diseases, driven by advances in molecular imaging, radiopharmaceutical chemistry, and disease-specific biomarkers.
Adoption of hybrid imaging platforms, advanced radiochemistry facilities, and cyclotron production capabilities in healthcare institutions and radiopharmaceutical manufacturing facilities to support theranostic research, production, and clinical translation.
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Market Segmentation -
Segmentation
Radioisotope
Technetium-99
Gallium-68
Iodine-131
Radium-223
Fluorine-18
Yttrium-90
Lutetium-177
Copper-67 & 64
Samarium-153
Others
Application
Oncology
Cardiology
Others
Source
Nuclear Reactors
Cyclotrons
Approach
Targeted Therapeutic (Rx)
Companion Diagnostic (DX)
Radiotracer Type
Peptidic
Non-peptidic
End-user
Hospitals
Academic & Research Institutes
Others
This Report lets you identify the opportunities in Radiopharmaceutical Theranostics Market by means of a region:
North America (the United States, Canada, and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
South America (Brazil etc.) The Middle East and Africa (North Africa and GCC Countries)
Key Features of the Radiopharmaceutical Theranostics Market Report: -
➤ Analyze competitive developments such as expansions, deployments, new product launches, and market acquisitions.
➤ Examine the market opportunities for stakeholders by identifying higher growth sections.
➤ To study and analyze the global Radiopharmaceutical Theranostics industry status and forecast including key regions.
➤ An in-depth analysis of key product segments and application spectrum, providing strategic recommendations to incumbents and new entrants to give them a competitive advantage over others.
➤ It provides a comprehensive analysis of key regions of the industry as well as a SWOT analysis and Porter's Five Forces analysis to provide a deeper understanding of the market.
➤ It helps you make strategic business decisions and investment plans.
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About Us Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
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