#theranostics

For patients with malignant brain tumors, the prognosis remains dismal. With the most aggressive treatments available, patients are usually only expected to live about 14 months after a diagnosis

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PET CT Scan Types and Therapies – Discover Here

PET-CT scans merge PET and CT imaging to reveal metabolic and structural details, revolutionizing cancer diagnostics. Key types include FDG for broad oncology staging, PSMA for prostate cancer detection, DOTA for neuroendocrine tumors, FAPI for fibrotic cancers, and specialized scans like amyloid for Alzheimer's or cardiac viability. These enable theranostics like Lu-177 PSMA and DOTATATE therapies, pairing imaging with targeted radiation for precise treatment. At Kkswara Healthcare in Uppal, advanced facilities deliver these services locally.

A drug that loses power every minute… A manufacturing process that can’t wait for safety tests… A radioactive therapy that could redefine modern cancer care…

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InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Theranostics Market -(Product (Diagnostic imaging, Radiopharmaceuticals, Biomarker screening and Software), Application (Prostate Cancer, Bone Metastasis, Other Cancers, Other Application), End-user (Hospitals & Cancer Care Centers, Theranostics Centers, and Research & Academic Centers)) Trends, Industry Competition Analysis, Revenue and Forecast To 2031."

According to the latest research by InsightAce Analytic, the Global Theranostics Market is valued at US$ 2.21 Bn in 2023, and it is expected to reach US$ 6.37 Bn by 2031, with a CAGR of 14.38% during the forecast period of 2024-2031.

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Theranostics describes a new field that bridges the gap between traditional medicine and the more modern personalized and precision medicine approaches by integrating medicines, nanoscience, and diagnostics. Using theranostics and precision medicine has improved the care for cancer patients. To determine how well a treatment works, doctors look for certain biomarkers. Decisions like medication selection, which affect treatment success rates, are aided by this. Theranostics provide credence to precision medicine's pursuit of disease's biological foundation. Theranostics offers diagnostic tools to determine which patients benefit most from the treatment. Consequently, the market is expected to be driven by the increasing number of cancer cases and the growing emphasis on personalized treatment. However, the global theranostics industry is projected to be constrained due to numerous nations' inadequate reimbursement facilities and poorly defined regulations for theranostics tests.

List of Prominent Players in the Theranostics Market:

Advanced Accelerator Applications

Bayer AG

GE Healthcare

Siemens healthiness Ag

Cardinal Health

Philips Healthcare

Canon Inc

Curium

Lantheus

Northstar Medical Radioisotopes

Eckert & Ziegler

Pharmacologic

Eczacibasi -Monroe

Acrotech Biopharma Inc.

Others

Market Dynamics:

Drivers-

The growing demand for the theranostics market is fueled by rising cancer and chronic illness incidences and surges in spending on biological research. The worldwide theranostics industry is poised for growth due to the increasing demand for efficient treatment processes, regardless of cost. Theranostics lend credibility to precision medicine's quest for the molecular basis of disease. Diagnostic tools are provided by theranostics to ascertain which patients would experience the treatment's maximum benefit. Hence, the rising incidence of cancer and the need for tailored treatment are anticipated to propel the market. Increasing knowledge about the importance of producing high-quality pharmaceuticals using cutting-edge technologies is anticipated to surpass the market's revenue growth. Interest in early diagnosis is driving the theranostics sector.

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Challenges:

The prime challenge is high cost, a shortage of competent individuals, and a lack of norms and protocol because of lockdowns and isolation in emerging countries, which is predicted to slow the growth of the theranostics market. The high expense of installing and maintaining laboratory equipment and the government's strict regulations regarding certifying new items. The expensive equipment makes it unaffordable for most hospitals in underdeveloped nations to use this advanced technology. Healthcare institutions like cancer care centers and smaller hospitals hesitate to purchase these systems because of their high price tag and limited budgets.

Regional Trends:

The North American theranostics market is anticipated to register a major market share in terms of revenue. It is projected to grow at a high CAGR in the near future because of the growth of the cancer incidence rate and the increasing number of investments backing the adoption of theranostics. Supporting the expansion of the market are the theranostics centers and the fast-growing elderly population in the area. Besides, Europe had a substantial share in the market because of the industry heavyweights and well-established pharmaceutical and healthcare systems.

Recent Developments:

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Segmentation of Theranostics Market-

By Product

By Application

By End User

By Region

North America-

The US

Canada

Mexico

Europe-

Germany

The UK

France

Italy

Spain

Rest of Europe

Asia-Pacific-

China

Japan

India

South Korea

Southeast Asia

Rest of Asia Pacific

Latin America-

Brazil

Argentina

Rest of Latin America

 Middle East & Africa-

GCC Countries

South Africa

Rest of the Middle East and Africa

About Us:

Hearing "late stage" can feel like a life sentence. But with theranostics, a glimmer of hope shines through. This innovative therapy targets cancer directly, offering new possibilities for recovery.