Press release
Theranostics Market Forecast to Skyrocket, Attaining USD 3,096.47 Million by 2032 with an Astounding CAGR of 10.01% | Key Players- Thermo Fisher Scientific Inc, GE Healthcare, Qiagen NV
Theragnostic is an amalgamation of terminologies, therapeutics, and diagnosis. It is utilized to recount the merger of utilizing one radioactive drug to recognize and subsequent radioactive drug to convey remedy to cure the prominent tumor and any metastatic tumor. Tumor cell has an armor known as a membrane; there are specific proteins, such as somatostatin receptor (SSTR2) on the tumor cell membrane that can be provided as an earmark for cancer drugs. Ga-68 DOTATOC is a radioactive diagnostic drug that earmarks SSTR2. Ga-68 DOTATOC is administered into a patient's vein and traverses covering the bloodstream to all body parts and tissues.๐๐๐ฒ ๐๐ญ๐๐ญ๐ฌ
โข The global theranostics market was valued at USD 1,212.39 million in 2022
โข The industry is expected to grow at a CAGR of 10.01% during the forecast period
โข By 2032, the market is expected to reach USD 3,096.47 million
๐๐๐ญ ๐๐จ๐ฎ๐ซ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ:
https://www.polarismarketresearch.com/industry-analysis/global-theranostics-market/request-for-sample
๐๐ซ๐จ๐ฐ๐ญ๐ก ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ ๐๐ง๐ ๐๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐๐ฌ
The growing prevalence of cancer worldwide is one of the prominent drivers of the market. As cancer cases grow globally, the demand for more customized and productive cures also escalates. The therapy can assist in recognizing particular cancer biomarkers, which can be utilized to customize treatment schemes for distinct patients.
Furthermore, enhancements in imaging technologies, biomarker recognition, and molecular biology have made it feasible to advance more productive theranostics commodities and services. Additionally, governments globally are funding in research and development of theranostics commodities and services driving up the theranostics market demand.
๐๐จ๐ฆ๐ฉ๐๐ญ๐ข๐ญ๐ข๐จ๐ง ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ
The market is excessively aggressive, with customary healthcare mammoths communicating in a zestful way to advance consolidated theranostics solutions. Some of the current players in the theranostics market are:
โข F Hoffman La Roche
โข Thermo Fisher Scientific Inc.
โข GE Healthcare
โข Qiagen NV
โข Agilent Technologies
โข Leica Biosystems Nussloch GmBH
โข Pfizer Inc.
โข Foundation Medicine
โข Beckman Coulter Inc.
โข Focus Diagnostics
โข Illumina Inc.
โข Myriad Genetics Inc.
โข AmeriPath Inc.
โข Abbott Laboratoriesl
๐๐๐๐ ๐๐จ๐ซ๐ ๐๐ง๐๐จ๐ซ๐ฆ๐๐ญ๐ข๐จ๐ง? ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐ฆ๐จ๐ซ๐ ๐๐๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐๐๐๐จ๐ซ๐ ๐ฉ๐ฎ๐ซ๐๐ก๐๐ฌ๐: https://www.polarismarketresearch.com/industry-analysis/global-theranostics-market/inquire-before-buying
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ
โข North America held a dominant position in the global market due to the growing demand for tailor-made medicine and the growing existence of detrimental illnesses. The existence of prominent market players and entrenched healthcare frameworks is anticipated to push market growth.
โข Asia Pacific is anticipated to develop at the quickest rate in the market over the forecast period due to the growing demand for customized medicines and the growing existence of detrimental illnesses.
๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง
Theranostics Market, Disease Outlook (Revenue - USD Million, 2019 - 2032)
โข Neurological Disorders
โข Cardiovascular Diseases
โข Oncology Disorders
โข Immunological Disorders
Theranostics Market, Technology Outlook (Revenue - USD Million, 2019 - 2032)
โข Polymerase Chain Reaction (PCR)
โข In Situ Hybridization (ISH)
โข Immunohistochemistry (IHC)
โข Sequencing
Theranostics Market, End-User Outlook (Revenue - USD Million, 2019- 2032)
โข Hospitals and Clinics
โข Diagnostics Laboratories
โข Others
๐๐ข๐ฏ๐ ๐๐ง๐ญ๐จ ๐ญ๐ก๐ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐๐ซ๐: https://www.polarismarketresearch.com/industry-analysis/global-theranostics-market
๐๐ก๐๐ซ๐๐ง๐จ๐ฌ๐ญ๐ข๐๐ฌ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ข๐ ๐ก๐ฅ๐ข๐ ๐ก๐ญ๐ฌ
โข The Oncology Disorders segment accounted for the largest market share in 2022. Overall, the oncology segment of the theranostics market is expected to continue to grow, driven by increasing awareness of personalized medicine and advances in molecular diagnostics and targeted therapies.
โข Based on Technology, the Polymerase Chain Reaction (PCR) segment is anticipated to grow quickly over the forecast period. The PCR segment of the theranostics market is expected to continue to grow, driven by the increasing demand for rapid and accurate diagnostic tests and the development of new PCR-based technologies, such as digital PCR and droplet digital PCR.
โข The Hospitals and Clinics segment is accounted to witness the fastest growth rate in the forecast period. The segment growth can be attributed to various factors such as rising number of theranostics patients requiring the diagnosis treatment.
๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐๐'๐ฌ ๐๐ฑ๐ญ๐๐ง๐ฌ๐ข๐ฏ๐ ๐จ๐ง๐ ๐จ๐ข๐ง๐ ๐๐จ๐ฏ๐๐ซ๐๐ ๐ ๐จ๐ง ๐๐๐๐ฅ๐ญ๐ก๐๐๐ซ๐ ๐๐จ๐ฆ๐๐ข๐ง:
Gene Therapy Market: https://www.polarismarketresearch.com/industry-analysis/gene-therapy-market
Hearing Aids Market: https://www.polarismarketresearch.com/industry-analysis/global-hearing-aids-market
Medical Tourism Market: https://www.polarismarketresearch.com/industry-analysis/medical-tourism-market
Medical Disposable Market: https://www.polarismarketresearch.com/industry-analysis/medical-disposable-market
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