Press release
Theranostics Market to Reach USD 12.5 Billion by 2034
Theranostics
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Driven by advances in molecular imaging, radiolabeled drugs, and companion diagnostics, theranostics is transforming cancer treatment, particularly in oncology and nuclear medicine.
Key Takeaways
• Market Size: USD 5.3 billion (2024) → USD 12.5 billion (2034)
• CAGR: 9.1 % (2025-2034)
• Dominant Segment: Oncology applications account for over 70 % of market revenue
• Emerging Focus: Neurodegenerative and cardiovascular diseases
• Leading Regions: North America dominates; Asia-Pacific expected to exhibit fastest growth
Market Story
Theranostics - the convergence of diagnostics and therapeutics - is revolutionizing how clinicians detect, monitor, and treat diseases.
By linking diagnostic imaging with targeted therapy, theranostic agents enable real-time tracking of treatment efficacy, reducing trial-and-error medicine.
The growing success of radiotheranostic drugs such as Lutathera® (lutetium Lu 177 dotatate) and Pluvicto® (lutetium Lu 177 vipivotide tetraxetan) in cancer care has accelerated global adoption.
These agents target specific tumor biomarkers, delivering radiation directly to cancer cells while minimizing harm to healthy tissue.
Beyond oncology, research in neurotheranostics (for Alzheimer's and Parkinson's) and cardiovascular molecular imaging is opening new frontiers for early diagnosis and personalized intervention.
Segmentation Overview
By Product Type
• Radiopharmaceuticals
• Companion Diagnostics
• Imaging Agents
• Therapeutic Agents
By Application
• Oncology (Prostate, Neuroendocrine, Breast, Lung, Thyroid)
• Neurology
• Cardiovascular Disorders
• Autoimmune & Inflammatory Diseases
• Others
By End User
• Hospitals
• Diagnostic Imaging Centers
• Research & Academic Institutes
• Pharmaceutical & Biotech Companies
By Region
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East & Africa
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Recent Developments
• Novartis AG expanded production of its FDA-approved radioligand therapies Pluvicto® and Lutathera® to meet surging oncology demand.
• GE HealthCare launched a new PET/CT imaging platform optimized for theranostic workflow integration.
• Telix Pharmaceuticals Ltd. received regulatory approval for Illuccix® (68Ga-PSMA-11), a prostate cancer diagnostic radiopharmaceutical.
• Bayer AG announced the development of targeted alpha therapies (TATs) using actinium-based isotopes for advanced solid tumors.
• Siemens Healthineers introduced AI-driven molecular imaging software that improves diagnostic precision in radiotheranostics.
Expert Quote
"Theranostics represents the future of medicine - where diagnosis and therapy converge for unmatched treatment accuracy.
Its role in oncology and beyond underscores the transition from generalized care to precision-guided healthcare,"
said Irfan Tamboli, Business Development Executive at Exactitude Consultancy.
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Market Drivers
• Increasing incidence of cancer and chronic diseases
• Growing adoption of radiopharmaceuticals and molecular imaging
• Advancements in AI-driven image analysis and companion diagnostics
• Rising government and private investment in personalized medicine R&D
• Expansion of PET and SPECT imaging infrastructure globally
Forecast and Outlook
The next decade will mark an era of precision oncology dominance, with theranostics enabling early diagnosis, real-time monitoring, and personalized dose delivery.
Integration of AI, big data analytics, and biomarker discovery will further enhance patient outcomes and accelerate drug development timelines.
The future of theranostics will expand beyond oncology into neurology, cardiology, and immunology, transforming chronic disease management through patient-specific targeting.
Emerging economies will play a crucial role as radiopharmacy networks and nuclear medicine centers expand globally.
Regional Insights
• North America: Largest market; strong nuclear medicine ecosystem and advanced healthcare infrastructure.
• Europe: Significant growth supported by EU investments in radiopharmaceutical production and clinical research.
• Asia-Pacific: Fastest-growing region; rising healthcare investment in precision imaging and molecular diagnostics.
• Latin America: Expanding diagnostic imaging network and partnerships in oncology care.
• Middle East & Africa: Gradual adoption driven by public-private healthcare modernization efforts.
Conclusion
The Global Theranostics Market stands at the intersection of diagnostics, therapeutics, and data science, redefining precision medicine.
As healthcare moves toward personalized, value-based care, theranostics will play a pivotal role in optimizing treatment efficacy, patient safety, and healthcare economics.
Companies that innovate in radioligand development, AI-based imaging, and companion diagnostics will lead the next decade of growth.
This report is also available in the following languages : Japanese (セラノスティクス市場), Korean (테라노스틱스 시장), Chinese (治疗诊断市场), French (Marché de la théranostique), German (Theranostik-Markt), and Italian (Mercato della Teranostica), etc.
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About Us
Exactitude Consultancy is a market research & consulting services firm which helps its client to address their most pressing strategic and business challenges. Our market research helps clients to address critical business challenges and also helps make optimized business decisions with our fact-based research insights, market intelligence, and accurate data.
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https://exactitudeconsultancy.com/
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PHONE NUMBER +1 (704) 266-3234
EMAIL ADDRESS: sales@exactitudeconsultancy.com
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