, February 28, 2018 ) North America Theranostics Market
was worth USD XX million in 2017 and estimated to be growing at a CAGR of XX%, to reach USD XX million by 2022. Theranostics is combination of drug therapy and diagnostics.
Theranostics can be termed as a fusion between drug therapeutics and diagnostics to optimize the drug effectiveness, safety and streamline drug development. It is a combination of medical drugs and diagnostics and also referred as pharmacodiagnostics, companion diagnostics and Dx/Rx partnering.
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Primary factors accounted for driving the market are increasing financial support for research and development for drug synthesis, to tackle new and fatal diseases, improving co-operation between diagnostic companies and drug manufacturers as well as increasing applications in disease treatment. Conversely, regulatory timelines and expensive prices of theranostic products are the factors hindering the growth of market.
North America market for Theranostics is segmented based on Disease Type. Based on Disease Type it is divided into Neurological Disorders, Cancers, Cardiovascular Diseases and Others. Based on geographical analysis, the market is divided into regions of North America, Latin America, Europe, Middle East and Africa and Asia Pacific. North America holds the major share in the market due to presence of market leaders as well as a developed healthcare and pharmaceutical infrastructure. Asia Pacific is the fastest growing region due to increasing expenditure on health care, product innovation and increasing disposable income. Based on Disease Type, Neurological disorders are the holding the major share in the market due to prevalence of diseases like Parkinson’s Disease, Alzheimer’s Disease and other prevalent diseases, meanwhile cancer diseases and cardiovascular disorders are expected to grow the fastest due to increasing risk rate and prevalence of these diseases and increasing research expenditure by pharmaceutical companies.
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Some of the key players dominating this market include Abbott Laboratories, AmeriPath, Dickinson and Company, BIOTEC Laboratories, Dade Behring, Dianon Systems, Dynacare Laboratories, Enterix, Focus Diagnostics, Pfizer and Beckman Coulter.
1) Disease Type
Scope of the Report:
• Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
• Segment-level analysis in terms of Region, by Diseases along with market size forecasts and estimations to detect key areas of industry growth in detail
• Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
• Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
• Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
• A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
• Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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