Theranostics Market is growing at a CAGR of xx% during 2018 to 2023

Theranostics Market: Theranostics can be termed as a fusion between drug therapeutics and diagnostics to optimize the drug effectiveness

Theranostics Market Size, Share and Growth.

Theranostics Market was worth USD XX million in 2018 and estimated to be growing at a CAGR of XX%, to reach USD XX million by 2023.

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Theranostics Market Overview:

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.

Theranostics Market Drivers and Restraints:

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..