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Precision Business Insights has published a report on the global theranostics market, estimating its value at USD 2,673 Million in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 16.2% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/theranostics-market
The Theranostics Market combines diagnostics and therapeutics into a single method that allows for tailored, focused treatment options. By integrating molecular imaging, biomarker screening, and therapeutic delivery—often via radiopharmaceuticals—theranostics enables doctors to uncover disease-specific features while also administering personalized medicines.
Drivers:
- Rising Cancer Prevalence: High incidence of cancers like prostate, breast, and neuroendocrine tumors driving theranostic applications
- Surge in Precision Medicine Adoption: Increasing demand for personalized therapies based on genetic and molecular profiling
The global theranostics market segmentation:
1) By Product: Diagnostic Imaging, Radiopharmaceuticals, In-vitro diagnostics (IVD)/biomarkers, Screening, and Software and services
2) By Application: Prostate Cancer, Bone Metastasis, Others
3) By End User: Hospitals and Cancer Care Centers, Theranostics Centers, and Research and Academic Centers
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Regional Overview:
The report also examines the current concerns and their Future Effects on the theranostics market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the theranostics market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.
- North America (U.S., Canada)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
- Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
- Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
The competitive landscape is dominated by major players like Curasight, BAMF Health, Cardinal Health Inc., Nuview Life Sciences, Siemens Healthcare AG, Radiopharm Theranostics Ltd., Clarity Pharmaceuticals Ltd., Point Biopharma Global Inc., GE Healthcare Technologies, Canon Medical Systems Corporation
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