Theranostics Market
PUBLISHED: 2024 ID: SMRC24567
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Theranostics Market

Theranostics Market Forecasts to 2030 - Global Analysis By Disease Type (Neurological Disorder, Immunological Disorder, Cardiovascular Disease, Oncology and Other Disease Types), Technology, End User and By Geography

4.1 (61 reviews)
4.1 (61 reviews)
Published: 2024 ID: SMRC24567

This report covers the impact of COVID-19 on this global market
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Years Covered

2021-2030

Estimated Year Value (2023)

US $0.7 BN

Projected Year Value (2030)

US $1.7 BN

CAGR (2023 - 2030)

11.8%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

North America

Highest Growing Market

Asia Pacific


According to Stratistics MRC, the Global Theranostics Market is accounted for $0.7 billion in 2023 and is expected to reach $1.7 billion by 2030 growing at a CAGR of 11.8% during the forecast period. A new area of medicine called ""theranostics"" blends therapeutic and diagnostic methods into a single, cohesive procedure. Combining the terms ""therapy"" and ""diagnostics,"" ""theranostics"" emphasizes how both aspects of patient treatment should be integrated. It seeks to offer accurate and individualized treatment plans based on the unique traits and illness profiles of each patient. Advanced diagnostic methods such as molecular imaging, genetic testing, biomarker analysis, and molecular profiling are used in the field of theranostics. 

Market Dynamics: 

Driver: 

Advancements in diagnostic technologies

The accuracy and sensitivity of illness diagnosis have been improved by sophisticated diagnostic technologies, such as molecular imaging, next-generation sequencing (NGS), and high-resolution imaging modalities including positron emission tomography (PET) and magnetic resonance imaging (MRI). The ability to identify certain biomarkers, genetic variants, or molecular targets linked to illnesses is made possible by this precision, and this is essential in theranostics for the development of tailored medicines. Moreover, early identification in the field of theranostics allows for prompt intervention and customized treatment plans, which may enhance patient outcomes by enabling more powerful and focused therapy.

Restraint:

Lack of properly defined regulations for theranostics tests

The clearance procedure, validation specifications, and quality criteria for theranostic testing might all be unclear in the absence of precise and defined laws. This unpredictability may impede the creation and use of novel diagnostics, delaying the release of ground-breaking theranostic products. Theranostic test market introduction may be delayed by unclear regulatory frameworks and disparate international requirements. Businesses may have trouble navigating complicated regulatory procedures, which might lead to longer wait times for clearances impeding the market growth.

Opportunity:

Increasing research and development initiatives

R&D expenditures support the creation of cutting-edge diagnostic instruments and technology. These developments improve diagnostic test sensitivity, specificity, and accuracy, making it possible to identify disease biomarkers, genetic variants, and molecular targets more accurately. Theranostics relies heavily on improved diagnostics to direct customized treatment plans.  The expansion and commercialization of theranostic goods and services are facilitated by successful R&D outcomes on the market giving patients and healthcare professionals access to more individualized and efficient treatment alternatives.

Threat:

Regulatory challenges 

New theranostic test and product launches might be delayed by onerous regulatory requirements, convoluted approval procedures, and protracted regulatory approval processes. This hold-up may make it more difficult for patients to receive individualized care and cutting-edge technologies on schedule. Market fragmentation may arise due to variations in approval procedures and regulatory requirements across different locations. Different geographic locations may experience unequal access to theranostic testing due to inconsistent regulatory requirements, which might lead to differences in the availability and uptake of these tests.

Covid-19 Impact

The epidemic brought to light how crucial quick and precise diagnostic testing is. The use of molecular diagnostic methods, such as PCR and assays based on nucleic acid amplification, has increased dramatically in order to identify SARS-CoV-2. The importance of comparable methods in treating other illnesses, such as those addressed by theranostics, has been highlighted by this focus on molecular diagnostics. In order to minimize in-person encounters and maintain continuity of treatment, telemedicine and remote monitoring technologies gained increasing traction. This change may affect how theranostics tactics that include remote monitoring and diagnostics are implemented.

The neurological disorder segment is expected to be the largest during the forecast period

The neurological disorder segment is estimated to have a lucrative growth, owing to a wide range of illnesses involving the brain, spinal cord, and peripheral nerves are referred to as neurological diseases. These illnesses include multiple sclerosis, epilepsy, Parkinson's disease, Alzheimer's disease, and different neuropathies. Moreover, theranostics makes use of genetic profiling, molecular biomarkers, and sophisticated imaging methods to facilitate the early and precise identification of neurological illnesses. Thus, accurate diagnostic instruments support illness tracking and prognosis by detecting certain biomarkers or pathological alterations linked to these conditions.

The polymerase chain reaction (PCR) segment is expected to have the highest CAGR during the forecast period

The polymerase chain reaction (PCR) segment is anticipated to witness the highest CAGR growth during the forecast period, as polymerase chain reaction (PCR) is essential, particularly for diagnostic and prognostic uses. Theranostics uses polymerase chain reaction (PCR), a molecular biology technique, to identify and amplify specific DNA or RNA sequences. PCR is a vital tool for finding infections, genetic variants, and biomarkers linked to a variety of disorders. Complementary diagnostic techniques based on PCR can forecast how a patient will react to specific treatments. Hence healthcare professionals may choose the best course of action for each patient by employing PCR to analyze certain genetic variants or biomarkers, which maximizes therapeutic outcomes.

Region with largest share:

North America is projected to hold the largest market share during the forecast period owing to the need for more efficient and customized treatment choices that have grown as cancer cases become increasingly common in North America. Theranostics helps with more accurate cancer diagnosis and therapy by providing targeted medicines based on certain biomarkers.  Moreover, personalized medicine techniques are becoming more and more popular. Thus, the goal is to customize therapies for each patient according to their genetic composition, illness features, and biomarkers driving the growth of the market.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period, as growing cancer and other chronic illness incidence has increased need for more individualized and efficient treatment alternatives. Theranostics attracted attention for its promise to enhance patient outcomes because of its capacity to provide tailored medicines based on certain biomarkers. The Asia Pacific area has seen significant investments in enhancing its healthcare infrastructure, encompassing projects in personalized medicine, molecular diagnostics, and sophisticated imaging technology. 

Key players in the market

Some of the key players profiled in the Theranostics Market include Hoffmann-La Roche Ltd, Thermo Fisher Scientific Inc., Beckman Coulter, Inc., QIAGEN, Abbott Laboratories, Myriad Genetics, Inc., Foundation Medicine, Inc., AmeriPath, Inc., Focus Diagnostics, Illumina, Inc., Agilent Technologies, Inc., Leica Biosystems Nussloch GmBH, GE Healthcare and Pfizer, Inc. 

Key Developments:

In November 2023, Roche launches automated serology hepatitis E virus tests, including a test to detect acute HEV infections, recommended in the new WHO 2023 Essential Diagnostics List. The tests complete Roche’s panel used for the differential diagnosis of acute viral hepatitis caused by the hepatitis A, B, C and E viruses.

In October 2023, Thermo Fisher Scientific to Acquire Olink, a Leader in Next-Generation Proteomics, and the transaction values Olink at approximately $3.1 billion which includes net cash of approximately $143 million.

In October 2023, Beckman Coulter Diagnostics, announced it acquired StoCastic, LLC. a leading artificial intelligence company that provides evidence-based decision support for hospital emergency departments (ED).

Disease Types Covered:
• Neurological Disorder
• Immunological Disorder
• Cardiovascular Disease
• Oncology
• Other Disease Types
 
Technologies Covered:
• In Situ Hybridization
• Polymerase Chain Reaction (PCR)
• Immunohistochemistry
• Sequencing
• Other Technologies

End Users Covered:
• Diagnostic Laboratories
• Hospitals & Clinics
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary     
       
2 Preface      
 2.1 Abstract     
 2.2 Stake Holders    
 2.3 Research Scope    
 2.4 Research Methodology   
  2.4.1 Data Mining   
  2.4.2 Data Analysis   
  2.4.3 Data Validation   
  2.4.4 Research Approach   
 2.5 Research Sources    
  2.5.1 Primary Research Sources  
  2.5.2 Secondary Research Sources  
  2.5.3 Assumptions   
       
3 Market Trend Analysis    
 3.1 Introduction    
 3.2 Drivers     
 3.3 Restraints    
 3.4 Opportunities    
 3.5 Threats     
 3.6 Technology Analysis   
 3.7 End User Analysis    
 3.8 Emerging Markets    
 3.9 Impact of Covid-19    
       
4 Porters Five Force Analysis    
 4.1 Bargaining power of suppliers   
 4.2 Bargaining power of buyers   
 4.3 Threat of substitutes   
 4.4 Threat of new entrants   
 4.5 Competitive rivalry    
       
5 Global Theranostics Market, By Disease Type  
 5.1 Introduction    
 5.2 Neurological Disorder   
 5.3 Immunological Disorder   
 5.4 Cardiovascular Disease   
 5.5 Oncology     
  5.5.1 Colorectal Cancer   
  5.5.2 Breast Cancer   
  5.5.3 Cervical Cancer   
  5.5.4 Lung Cancer   
 5.6 Other Disease Types   
       
6 Global Theranostics Market, By Technology  
 6.1 Introduction    
 6.2 In Situ Hybridization   
 6.3 Polymerase Chain Reaction (PCR)  
 6.4 Immunohistochemistry   
 6.5 Sequencing    
 6.6 Other Technologies    
       
7 Global Theranostics Market, By End User   
 7.1 Introduction    
 7.2 Diagnostic Laboratories   
 7.3 Hospitals & Clinics    
 7.4 Other End Users    
       
8 Global Theranostics Market, By Geography  
 8.1 Introduction    
 8.2 North America    
  8.2.1 US    
  8.2.2 Canada    
  8.2.3 Mexico    
 8.3 Europe     
  8.3.1 Germany    
  8.3.2 UK    
  8.3.3 Italy    
  8.3.4 France    
  8.3.5 Spain    
  8.3.6 Rest of Europe   
 8.4 Asia Pacific    
  8.4.1 Japan    
  8.4.2 China    
  8.4.3 India    
  8.4.4 Australia    
  8.4.5 New Zealand   
  8.4.6 South Korea   
  8.4.8 Rest of Asia Pacific   
 8.5 South America    
  8.5.1 Argentina   
  8.5.2 Brazil    
  8.5.3 Chile    
  8.5.4 Rest of South America  
 8.6 Middle East & Africa   
  8.6.1 Saudi Arabia   
  8.6.2 UAE    
  8.6.3 Qatar    
  8.6.4 South Africa   
  8.6.5 Rest of Middle East & Africa  
       
9 Key Developments     
 9.1 Agreements, Partnerships, Collaborations and Joint Ventures
 9.2 Acquisitions & Mergers   
 9.3 New Product Launch   
 9.4 Expansions    
 9.5 Other Key Strategies   
       
10 Company Profiling     
 10.1 Hoffmann-La Roche Ltd   
 10.2 Thermo Fisher Scientific Inc.   
 10.3 Beckman Coulter, Inc.   
 10.4 QIAGEN     
 10.5 Abbott Laboratories    
 10.6 Myriad Genetics, Inc.   
 10.7 Foundation Medicine, Inc.   
 10.8 AmeriPath, Inc.    
 10.9 Focus Diagnostics    
 10.10 Illumina, Inc.    
 10.11 Agilent Technologies, Inc.   
 10.12 Leica Biosystems Nussloch GmBH  
 10.13 GE Healthcare    
 10.14 Pfizer, Inc.    
       
List of Tables      
1 Global Theranostics Market Outlook, By Region (2021-2030) ($MN)
2 Global Theranostics Market Outlook, By Disease Type (2021-2030) ($MN)
3 Global Theranostics Market Outlook, By Neurological Disorder (2021-2030) ($MN)
4 Global Theranostics Market Outlook, By Immunological Disorder (2021-2030) ($MN)
5 Global Theranostics Market Outlook, By Cardiovascular Disease (2021-2030) ($MN)
6 Global Theranostics Market Outlook, By Oncology (2021-2030) ($MN)
7 Global Theranostics Market Outlook, By Colorectal Cancer (2021-2030) ($MN)
8 Global Theranostics Market Outlook, By Breast Cancer (2021-2030) ($MN)
9 Global Theranostics Market Outlook, By Cervical Cancer (2021-2030) ($MN)
10 Global Theranostics Market Outlook, By Lung Cancer (2021-2030) ($MN)
11 Global Theranostics Market Outlook, By Other Disease Types (2021-2030) ($MN)
12 Global Theranostics Market Outlook, By Technology (2021-2030) ($MN)
13 Global Theranostics Market Outlook, By In Situ Hybridization (2021-2030) ($MN)
14 Global Theranostics Market Outlook, By Polymerase Chain Reaction (PCR) (2021-2030) ($MN)
15 Global Theranostics Market Outlook, By Immunohistochemistry (2021-2030) ($MN)
16 Global Theranostics Market Outlook, By Sequencing (2021-2030) ($MN)
17 Global Theranostics Market Outlook, By Other TechnologIEs (2021-2030) ($MN)
18 Global Theranostics Market Outlook, By End User (2021-2030) ($MN)
19 Global Theranostics Market Outlook, By Diagnostic Laboratories (2021-2030) ($MN)
20 Global Theranostics Market Outlook, By Hospitals & Clinics (2021-2030) ($MN)
21 Global Theranostics Market Outlook, By Other End Users (2021-2030) ($MN)
22 North America Theranostics Market Outlook, By Country (2021-2030) ($MN)
23 North America Theranostics Market Outlook, By Disease Type (2021-2030) ($MN)
24 North America Theranostics Market Outlook, By Neurological Disorder (2021-2030) ($MN)
25 North America Theranostics Market Outlook, By Immunological Disorder (2021-2030) ($MN)
26 North America Theranostics Market Outlook, By Cardiovascular Disease (2021-2030) ($MN)
27 North America Theranostics Market Outlook, By Oncology (2021-2030) ($MN)
28 North America Theranostics Market Outlook, By Colorectal Cancer (2021-2030) ($MN)
29 North America Theranostics Market Outlook, By Breast Cancer (2021-2030) ($MN)
30 North America Theranostics Market Outlook, By Cervical Cancer (2021-2030) ($MN)
31 North America Theranostics Market Outlook, By Lung Cancer (2021-2030) ($MN)
32 North America Theranostics Market Outlook, By Other Disease Types (2021-2030) ($MN)
33 North America Theranostics Market Outlook, By Technology (2021-2030) ($MN)
34 North America Theranostics Market Outlook, By In Situ Hybridization (2021-2030) ($MN)
35 North America Theranostics Market Outlook, By Polymerase Chain Reaction (PCR) (2021-2030) ($MN)
36 North America Theranostics Market Outlook, By Immunohistochemistry (2021-2030) ($MN)
37 North America Theranostics Market Outlook, By Sequencing (2021-2030) ($MN)
38 North America Theranostics Market Outlook, By Other TechnologIEs (2021-2030) ($MN)
39 North America Theranostics Market Outlook, By End User (2021-2030) ($MN)
40 North America Theranostics Market Outlook, By Diagnostic Laboratories (2021-2030) ($MN)
41 North America Theranostics Market Outlook, By Hospitals & Clinics (2021-2030) ($MN)
42 North America Theranostics Market Outlook, By Other End Users (2021-2030) ($MN)
43 Europe Theranostics Market Outlook, By Country (2021-2030) ($MN)
44 Europe Theranostics Market Outlook, By Disease Type (2021-2030) ($MN)
45 Europe Theranostics Market Outlook, By Neurological Disorder (2021-2030) ($MN)
46 Europe Theranostics Market Outlook, By Immunological Disorder (2021-2030) ($MN)
47 Europe Theranostics Market Outlook, By Cardiovascular Disease (2021-2030) ($MN)
48 Europe Theranostics Market Outlook, By Oncology (2021-2030) ($MN)
49 Europe Theranostics Market Outlook, By Colorectal Cancer (2021-2030) ($MN)
50 Europe Theranostics Market Outlook, By Breast Cancer (2021-2030) ($MN)
51 Europe Theranostics Market Outlook, By Cervical Cancer (2021-2030) ($MN)
52 Europe Theranostics Market Outlook, By Lung Cancer (2021-2030) ($MN)
53 Europe Theranostics Market Outlook, By Other Disease Types (2021-2030) ($MN)
54 Europe Theranostics Market Outlook, By Technology (2021-2030) ($MN)
55 Europe Theranostics Market Outlook, By In Situ Hybridization (2021-2030) ($MN)
56 Europe Theranostics Market Outlook, By Polymerase Chain Reaction (PCR) (2021-2030) ($MN)
57 Europe Theranostics Market Outlook, By Immunohistochemistry (2021-2030) ($MN)
58 Europe Theranostics Market Outlook, By Sequencing (2021-2030) ($MN)
59 Europe Theranostics Market Outlook, By Other TechnologIEs (2021-2030) ($MN)
60 Europe Theranostics Market Outlook, By End User (2021-2030) ($MN)
61 Europe Theranostics Market Outlook, By Diagnostic Laboratories (2021-2030) ($MN)
62 Europe Theranostics Market Outlook, By Hospitals & Clinics (2021-2030) ($MN)
63 Europe Theranostics Market Outlook, By Other End Users (2021-2030) ($MN)
64 Asia Pacific Theranostics Market Outlook, By Country (2021-2030) ($MN)
65 Asia Pacific Theranostics Market Outlook, By Disease Type (2021-2030) ($MN)
66 Asia Pacific Theranostics Market Outlook, By Neurological Disorder (2021-2030) ($MN)
67 Asia Pacific Theranostics Market Outlook, By Immunological Disorder (2021-2030) ($MN)
68 Asia Pacific Theranostics Market Outlook, By Cardiovascular Disease (2021-2030) ($MN)
69 Asia Pacific Theranostics Market Outlook, By Oncology (2021-2030) ($MN)
70 Asia Pacific Theranostics Market Outlook, By Colorectal Cancer (2021-2030) ($MN)
71 Asia Pacific Theranostics Market Outlook, By Breast Cancer (2021-2030) ($MN)
72 Asia Pacific Theranostics Market Outlook, By Cervical Cancer (2021-2030) ($MN)
73 Asia Pacific Theranostics Market Outlook, By Lung Cancer (2021-2030) ($MN)
74 Asia Pacific Theranostics Market Outlook, By Other Disease Types (2021-2030) ($MN)
75 Asia Pacific Theranostics Market Outlook, By Technology (2021-2030) ($MN)
76 Asia Pacific Theranostics Market Outlook, By In Situ Hybridization (2021-2030) ($MN)
77 Asia Pacific Theranostics Market Outlook, By Polymerase Chain Reaction (PCR) (2021-2030) ($MN)
78 Asia Pacific Theranostics Market Outlook, By Immunohistochemistry (2021-2030) ($MN)
79 Asia Pacific Theranostics Market Outlook, By Sequencing (2021-2030) ($MN)
80 Asia Pacific Theranostics Market Outlook, By Other TechnologIEs (2021-2030) ($MN)
81 Asia Pacific Theranostics Market Outlook, By End User (2021-2030) ($MN)
82 Asia Pacific Theranostics Market Outlook, By Diagnostic Laboratories (2021-2030) ($MN)
83 Asia Pacific Theranostics Market Outlook, By Hospitals & Clinics (2021-2030) ($MN)
84 Asia Pacific Theranostics Market Outlook, By Other End Users (2021-2030) ($MN)
85 South America Theranostics Market Outlook, By Country (2021-2030) ($MN)
86 South America Theranostics Market Outlook, By Disease Type (2021-2030) ($MN)
87 South America Theranostics Market Outlook, By Neurological Disorder (2021-2030) ($MN)
88 South America Theranostics Market Outlook, By Immunological Disorder (2021-2030) ($MN)
89 South America Theranostics Market Outlook, By Cardiovascular Disease (2021-2030) ($MN)
90 South America Theranostics Market Outlook, By Oncology (2021-2030) ($MN)
91 South America Theranostics Market Outlook, By Colorectal Cancer (2021-2030) ($MN)
92 South America Theranostics Market Outlook, By Breast Cancer (2021-2030) ($MN)
93 South America Theranostics Market Outlook, By Cervical Cancer (2021-2030) ($MN)
94 South America Theranostics Market Outlook, By Lung Cancer (2021-2030) ($MN)
95 South America Theranostics Market Outlook, By Other Disease Types (2021-2030) ($MN)
96 South America Theranostics Market Outlook, By Technology (2021-2030) ($MN)
97 South America Theranostics Market Outlook, By In Situ Hybridization (2021-2030) ($MN)
98 South America Theranostics Market Outlook, By Polymerase Chain Reaction (PCR) (2021-2030) ($MN)
99 South America Theranostics Market Outlook, By Immunohistochemistry (2021-2030) ($MN)
100 South America Theranostics Market Outlook, By Sequencing (2021-2030) ($MN)
101 South America Theranostics Market Outlook, By Other TechnologIEs (2021-2030) ($MN)
102 South America Theranostics Market Outlook, By End User (2021-2030) ($MN)
103 South America Theranostics Market Outlook, By Diagnostic Laboratories (2021-2030) ($MN)
104 South America Theranostics Market Outlook, By Hospitals & Clinics (2021-2030) ($MN)
105 South America Theranostics Market Outlook, By Other End Users (2021-2030) ($MN)
106 Middle East & Africa Theranostics Market Outlook, By Country (2021-2030) ($MN)
107 Middle East & Africa Theranostics Market Outlook, By Disease Type (2021-2030) ($MN)
108 Middle East & Africa Theranostics Market Outlook, By Neurological Disorder (2021-2030) ($MN)
109 Middle East & Africa Theranostics Market Outlook, By Immunological Disorder (2021-2030) ($MN)
110 Middle East & Africa Theranostics Market Outlook, By Cardiovascular Disease (2021-2030) ($MN)
111 Middle East & Africa Theranostics Market Outlook, By Oncology (2021-2030) ($MN)
112 Middle East & Africa Theranostics Market Outlook, By Colorectal Cancer (2021-2030) ($MN)
113 Middle East & Africa Theranostics Market Outlook, By Breast Cancer (2021-2030) ($MN)
114 Middle East & Africa Theranostics Market Outlook, By Cervical Cancer (2021-2030) ($MN)
115 Middle East & Africa Theranostics Market Outlook, By Lung Cancer (2021-2030) ($MN)
116 Middle East & Africa Theranostics Market Outlook, By Other Disease Types (2021-2030) ($MN)
117 Middle East & Africa Theranostics Market Outlook, By Technology (2021-2030) ($MN)
118 Middle East & Africa Theranostics Market Outlook, By In Situ Hybridization (2021-2030) ($MN)
119 Middle East & Africa Theranostics Market Outlook, By Polymerase Chain Reaction (PCR) (2021-2030) ($MN)
120 Middle East & Africa Theranostics Market Outlook, By Immunohistochemistry (2021-2030) ($MN)
121 Middle East & Africa Theranostics Market Outlook, By Sequencing (2021-2030) ($MN)
122 Middle East & Africa Theranostics Market Outlook, By Other TechnologIEs (2021-2030) ($MN)
123 Middle East & Africa Theranostics Market Outlook, By End User (2021-2030) ($MN)
124 Middle East & Africa Theranostics Market Outlook, By Diagnostic Laboratories (2021-2030) ($MN)
125 Middle East & Africa Theranostics Market Outlook, By Hospitals & Clinics (2021-2030) ($MN)
126 Middle East & Africa Theranostics Market Outlook, By Other End Users (2021-2030) ($MN)

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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