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Theranostics Market - Key Players and Production Information Analysis with Forecast 2025

Author: Neel Bobde
by Neel Bobde
Posted: Oct 30, 2018
theranostics market

The Global Theranostics Market Size is anticipated to reach over USD 20.52 Billion by 2026 according to a new study published by Polaris Market Research.

Theranostics are defined as a combination of diagnostics and drug therapeutics to improve the drug safety, drug restructures development and effectiveness. The combination of effective medical drugs and advanced diagnostic tests has been given numerous names, such as Dx/Rx partnering, integrated medicine, pharmacodiagnostics, and companion diagnostics.

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The increasing occurrence of life-threatening and chronic diseases and the demand for innovative chemotherapeutic treatments associated with the need for improving disease detection are the key factors propelling the global theranostics market. In addition, the rising potential of clinically adaptable nanomaterials in the biological imaging area and therapy is expected to bolster the market growth. Moreover, improved collaboration between drug and diagnostics firms are anticipated to enhance the growth of the theranostics market. In addition, a decrease in costs and reduced time required for medical trials monitored by pharmaceutical segments are another key drivers propelling the growth of the global theranostics market.

The global Theranostics Market is segmented on the basis of disease type, technology, and geography. On the basis of disease type, the global theranostics market is segmented into Neurological Disorders, Cardiovascular Diseases, Oncology Disorders, and Immunological Disorders. On the basis of disease type, the oncology segment is anticipated to boost the market growth. Increasing cancer cases and theranostics potentials to make effective cancer care are the factors associated with the market growth. On the basis of technology, the global theranostics market is segmented into Polymerase Chain Reaction (PCR), In-situ Hybridization, Immunohistochemistry, and sequencing. In 2017, the PCR is anticipated to dominate the market growth. The existence of a robust evaluate assortment in terms of polymerase chain reaction (PCR) is accountable for the larger market share.

Regional Analysis

In terms of geography, North America is estimated to dominate the global Theranostics Market. Presence of a large number of key players and increasing strategic partnership in this region is one of the major factors for the growth of the market in North America. Moreover, increased government support and augmented research and development of combined medicine in the U.S. as an implication of active participation of monitoring organizations are anticipated to boost the market growth during the forecast period. However, Asia Pacific is anticipated to dominate the global theranostics market during the forthcoming decade. Advancement in technology and rising demand for the pharmacogenomic testing is anticipated to enhance the theranostics market growth in the Asia Pacific during the forecast period.

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Some major key players in global Theranostics Market include F Hoffman La Roche, Thermo Fisher Scientific Inc., GE Healthcare, Agilent Technologies, Qiagen NV, Foundation Medicine, Leica Biosystems Nussloch GmBH, and Pfizer, Inc. among others.

About Polaris Market Research:

Polaris Market Research is a global market research and consulting company. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises.

Contact us:

Mr. Neel

Corporate Sales, USA

Polaris Market Research

Phone: 1-646-568-9980

Email: neel@polarismarketresearch.com

Web: https://www.polarismarketresearch.com/

About the Author

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises.

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Author: Neel Bobde
Premium Member

Neel Bobde

Member since: Oct 22, 2018
Published articles: 340

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