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North America Theranostics Market Size, Share & Trends Analysis Report By End User, By Product (Radiopharmaceuticals, Diagnostic Imaging, IVD/Biomarker Screening, and Software & Services), By Application, By Country and Growth Forecast, 2023 - 2030

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    Report

  • 116 Pages
  • March 2024
  • Region: North America
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5949482
The North America Theranostics Market would witness market growth of 14.6% CAGR during the forecast period (2023-2030).

The US market dominated the North America Theranostics Market by Country in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $1,621.7 million by 2030. The Canada market is experiencing a CAGR of 17.1% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 16.1% during (2023 - 2030).



Theranostic, a portmanteau of “therapeutics” and “diagnostics,” represents a convergence of diagnostic imaging, molecular diagnostics, and targeted therapies, enabling personalized and precision medicine approaches tailored to individual patient characteristics. Diagnostic imaging modalities such as positron emission tomography (PET), single-photon emission computed tomography (SPECT), and magnetic resonance imaging (MRI) provide detailed anatomical and functional information, allowing for the visualization and characterization of disease processes.

Theranostic approaches are used for cancer diagnosis, staging, treatment selection, and monitoring. Diagnostic imaging modalities such as positron emission tomography (PET), single-photon emission computed tomography (SPECT), and magnetic resonance imaging (MRI) coupled with molecular imaging agents enable accurate localization and characterization of tumours. Molecular diagnostics, including next-generation sequencing (NGS) and polymerase chain reaction (PCR), identify genetic mutations, biomarkers, and molecular signatures associated with specific cancer types, guiding treatment decisions.

The prevalence of cancer in Canada underscores the importance of precision medicine approaches in cancer care. These allow personalized treatment strategies tailored to individual patients based on their tumor characteristics, genetic makeup, and treatment responses. According to the Canadian Cancer Society, researchers estimated that there were 239,100 new cancer cases and 86,700 cancer deaths in Canada in 2023. Hence, the high cancer incidence is propelling the region’s market growth.

Based on End User, the market is segmented into Hospitals & Cancer Care Centers, Theranostics Centers, and Research & Academic Centers. Based on Product, the market is segmented into Radiopharmaceuticals, Diagnostic Imaging, IVD/Biomarker Screening, and Software & Services. Based on Application, the market is segmented into Prostate Cancer, Bone Metastasis, Other Cancers, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

List of Key Companies Profiled

  • Bayer AG
  • GE HealthCare Technologies, Inc.
  • Siemens Healthineers AG (Siemens AG)
  • Cardinal Health, Inc.
  • Canon, Inc.
  • Clarity Pharmaceuticals Ltd
  • Koninklijke Philips N.V.
  • Thermo Fisher Scientific, Inc.
  • Telix Pharmaceuticals Limited
  • ABX advanced biochemical compounds GmbH

Market Report Segmentation

By End User
  • Hospitals & Cancer Care Centers
  • Theranostics Centers
  • Research & Academic Centers
By Product
  • Radiopharmaceuticals
  • Diagnostic Imaging
  • IVD/Biomarker Screening
  • Software & Services
By Application
  • Prostate Cancer
  • Bone Metastasis
  • Other Cancers
  • Others
By Country
  • US
  • Canada
  • Mexico
  • Rest of North America

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Theranostics Market, by End User
1.4.2 North America Theranostics Market, by Product
1.4.3 North America Theranostics Market, by Application
1.4.4 North America Theranostics Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Market Opportunities
3.2.4 Market Challenges
3.3 Porter’s Five Forces Analysis
Chapter 4. North America Theranostics Market by End User
4.1 North America Hospitals & Cancer Care Centers Market by Country
4.2 North America Theranostics Centers Market by Country
4.3 North America Research & Academic Centers Market by Country
Chapter 5. North America Theranostics Market by Product
5.1 North America Radiopharmaceuticals Market by Country
5.2 North America Diagnostic Imaging Market by Country
5.3 North America IVD/Biomarker Screening Market by Country
5.4 North America Software & Services Market by Country
Chapter 6. North America Theranostics Market by Application
6.1 North America Prostate Cancer Market by Country
6.2 North America Bone Metastasis Market by Country
6.3 North America Other Cancers Market by Country
6.4 North America Others Market by Country
Chapter 7. North America Theranostics Market by Country
7.1 US Theranostics Market
7.1.1 US Theranostics Market by End User
7.1.2 US Theranostics Market by Product
7.1.3 US Theranostics Market by Application
7.2 Canada Theranostics Market
7.2.1 Canada Theranostics Market by End User
7.2.2 Canada Theranostics Market by Product
7.2.3 Canada Theranostics Market by Application
7.3 Mexico Theranostics Market
7.3.1 Mexico Theranostics Market by End User
7.3.2 Mexico Theranostics Market by Product
7.3.3 Mexico Theranostics Market by Application
7.4 Rest of North America Theranostics Market
7.4.1 Rest of North America Theranostics Market by End User
7.4.2 Rest of North America Theranostics Market by Product
7.4.3 Rest of North America Theranostics Market by Application
Chapter 8. Company Profiles
8.1 Bayer AG
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.1.5 Recent strategies and developments:
8.1.5.1 Acquisition and Mergers:
8.1.6 SWOT Analysis
8.2 GE HealthCare Technologies, Inc.
8.2.1 Company Overview
8.2.2 Financial Analysis
8.2.3 Segmental and Regional Analysis
8.2.4 Research & Development Expenses
8.2.5 Recent strategies and developments:
8.2.5.1 Partnerships, Collaborations, and Agreements:
8.2.6 SWOT Analysis
8.3 Siemens Healthineers AG (Siemens AG)
8.3.1 Company Overview
8.3.2 Financial Analysis
8.3.3 Segmental and Regional Analysis
8.3.4 Research & Development Expense
8.3.5 Recent strategies and developments:
8.3.5.1 Product Launches and Product Expansions:
8.3.6 SWOT Analysis
8.4 Cardinal Health, Inc.
8.4.1 Company Overview
8.4.2 Financial Analysis
8.4.3 Segmental and Regional Analysis
8.4.4 SWOT Analysis
8.5 Canon, Inc.
8.5.1 Company Overview
8.5.2 Financial Analysis
8.5.3 Segmental and Regional Analysis
8.5.4 Research & Development Expenses
8.5.5 SWOT Analysis
8.6 Clarity Pharmaceuticals Ltd
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Research & Development Expenses
8.6.4 SWOT Analysis
8.7 Koninklijke Philips N.V.
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expense
8.7.5 SWOT Analysis
8.8 Thermo Fisher Scientific, Inc.
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expenses
8.8.5 SWOT Analysis
8.9 Telix Pharmaceuticals Limited
8.9.1 Company Overview
8.9.2 Financial Analysis
8.9.3 Segmental and Regional Analysis
8.9.4 Research & Development Expenses
8.9.5 SWOT Analysis
8.10. ABX advanced biochemical compounds GmbH
8.10.1 Company Overview
8.10.2 SWOT Analysis

Companies Mentioned

  • Bayer AG
  • GE HealthCare Technologies, Inc.
  • Siemens Healthineers AG (Siemens AG)
  • Cardinal Health, Inc.
  • Canon, Inc.
  • Clarity Pharmaceuticals Ltd
  • Koninklijke Philips N.V.
  • Thermo Fisher Scientific, Inc.
  • Telix Pharmaceuticals Limited
  • ABX advanced biochemical compounds GmbH

Methodology

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