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Vitamin D Testing Market

Vitamin D Testing Market

Vitamin D Testing Market - Global Industry Assessment & Forecast

Number Of Pages # Pages:

148

Base Year:

2020

Date

Dec - 2022

Format:

PDF XLS PPT

Report Code:

VMR-1939

Segments Covered
  • By Product By Product Kits, Reagents, Instruments
  • By Test Type By Test Type 25 Hydroxy Vitamin D Test, 1, 25 Dihydroxy Vitamin D Test
  • By Application By Application Clinical Testing, Research Testing
  • By Region By Region North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Snapshot
Forecast YearsForecast Years: 2021 - 2028
Historical YearsHistorical Years: 2016 - 2020
Revenue 2021Revenue 2021: USD 528.4 Billion
Revenue 2028Revenue 2028: USD 696.0 Billion
Revenue CAGRRevenue CAGR (2021 - 2028): 4.7%
Fastest Growing Region Fastest Growing Region (2021 - 2028) Asia Pacific
Largest Region Largest Region (2021): Europe
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost) Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries) Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report Country/Region-specific Report
  • Go To Market Strategy Go To Market Strategy
  • Region Specific Market Dynamics Region Specific Market Dynamics
  • Region Level Market Share Region Level Market Share
  • Import Export Analysis Import Export Analysis
  • Production Analysis Production Analysis
  • Other Others Request Customization Speak To Analyst
Vitamin D Testing Market Share

Premium Insights

Global Vitamin D Testing Market is valued at USD 528.4 Billion in 2021 and is projected to reach a value of USD 696.0 Billion by 2028 at a CAGR (Compound Annual Growth Rate) of 4.7% over the forecast period.

Vitamin D enhances the ability of the metabolic system to absorb calcium. It helps regulate calcium and phosphate levels in the blood. In addition, adequate vitamin levels in the body aid in bone mineralization, hence preventing disorders such as uncontrollable muscle contractions. In addition, vitamin D deficiency during pregnancy can lead to disorders such as diabetes and preterm birth. Vitamin D is classified into two forms based on its origin: Vitamin D2, which is manufactured artificially and added to food, and Vitamin D3, which is produced naturally in human skin and also found in animal-derived foods. These vitamins are essential for a variety of functions in the human body, including reducing inflammation, boosting the immune system, and increasing neuromuscular actions. Increasing chronic disease prevalence and an aging population are expected to stimulate market revenue growth opportunities throughout the forecast period.

Vitamin D Testing Market Size, 2021 To 2028 (USD Billion)

Market Segmentation

The Vitamin D Testing market is segmented on the basis of Product, Test Type, Application, and Region. Based on the Products, the market is segmented into Kits, Reagents, and Instruments. Furthermore, based on the Test Type, the market is further divided into 25 Hydroxy Vitamin D Test & 1, 25 Dihydroxy Vitamin D Test. In addition, based on the Applications, the market is further bifurcated into Clinical Testing, and Research Testing. Likewise, based on the Region, the Global Vitamin D Testing Market is further segregated into North America, Europe, Asia Pacific, Latin America, Middle East & Africa.

Below tree is interactive. You can click the nodes to get more information.

Based on Test Type

25-hydroxy Vitamin D Testing category dominated the market in 2021

This segment's predicted revenue growth will be driven by the increasing prevalence of vitamin D deficiency diseases, such as rickets, osteomalacia, and muscle cramps; ongoing research in this field; and this test's ability to correctly identify bone abnormalities. Due to the ease of testing with blood samples, this testing method is also the most preferred among medical experts. In addition, the availability of several commercial products for testing contributes to the expansion of the 25-hydroxy vitamin D market segment. During the forecast period, the need for testing will increase due to a rise in people's health consciousness.

Based on Application

Research testing segment accounted for the largest market share in 2021

Researchers examining dietary consumption in relation to uncommon diseases are proliferating as a result of increased R&D funding for research facilities and institutions. These institutions are continually engaged in research to determine whether vitamin D levels and illnesses are related. Atopic dermatitis, inflammation, chronic obstructive pulmonary illnesses, and rheumatic disorders are some of the indications requiring the use of Vitamin D Testing. Additionally, the market is expanding as a result of clinical trials for COVID-19 that test for vitamin D levels and assess those levels.

Based on Regional Analysis

Europe is projected to grow at the highest CAGR during the forecast period

Europe is accounted to grow at the highest CAGR during the forecast period. Increased government institute R&D spending and an increase in Vitamin D Testing -related clinical studies are the factors driving the European market for Vitamin D Testing. The existence of important market participants such as Siemens Corporation, bioMérieux SA, and DiaSorin S.p.A. also contributes significantly to market expansion. Furthermore, the region's market for Vitamin D Testing is expanding due to the rising senior population suffering from orthopedic ailments.

Competitive Landscape

The key players in the Vitamin D Testing market include- bioMérieux SA (France), Abbott Laboratories (US), Beckman Coulter (US), Thermo Fisher Scientific (US), Mindray (China), Hoffmann-La Roche Ltd (Switzerland), Siemens Corporation (Germany), Quest Diagnostics Inc. (US), DiaSorin S.p.A. (Italy) Maccura (China) and others.

Recent Developments

· In February 2022, LifeLabs introduced a new method for 25-OH Vitamin D. The combination of the 25-OH Vitamin D collection tube with the other high-volume chemical assays improves testing automation and specimen collecting. There won't be a need for a separate collection tube for 25-OH vitamin D.

· In April 2022, the Department of Health and Social Care (DHSC) launched a new initiative to encourage the consumption of vitamin D, which includes raising the use of fortified foods and beverages. This initiative will rise the demand for Vitamin D Testing in the market

Segmentation of Vitamin D Testing Market

Parameter Details
Segments Covered
  • Product (Kits, Reagents, Instruments)
  • Test Type (25 Hydroxy Vitamin D Test, 1, 25 Dihydroxy Vitamin D Test)
  • Application (Clinical Testing, Research Testing)
  • Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa)
Regions & Countries Covered
  • North America - (U.S., Canada, Mexico)
  • Europe - (U.K., France, Germany, Italy, Spain, Rest Of Europe)
  • Asia Pacific - (China, Japan, India, South Korea, South East Asia, Rest Of Asia Pacific)
  • Latin America - (Brazil, Argentina, Rest Of Latin America)
  • Middle East & Africa - (GCC Countries, South Africa, Rest Of Middle East & Africa)
Companies Covered
  • bioMérieux SA (France)
  • Abbott Laboratories (US)
  • Beckman Coulter (US)
  • Thermo Fisher Scientific (US)
  • Mindray (China)
  • Hoffmann-La Roche Ltd (Switzerland)
  • Siemens Corporation (Germany)
  • Quest Diagnostics Inc. (US)
  • DiaSorin S.p.A. (Italy) Maccura (China)
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and North America, company market share analysis, and COVID-19 impact analysis

In terms of revenue, the Global Vitamin D Testing Market is expected to reach USD 696.0 Billion by 2028, growing at a Compound Annual Growth Rate (CAGR) of 4.70% from 2022 to 2028. In industrialized and developing nations, vitamin D insufficiency is becoming more common due to increased sedentary l...
FAQ
Frequently Asked Question
  • The global Vitamin D Testing valued at in 2020 and is expected to reach in 2028 growing at a CAGR of 4.7%.

  • The prominent players in the market are bioMérieux SA (France), Abbott Laboratories (US), Beckman Coulter (US), Thermo Fisher Scientific (US), Mindray (China), Hoffmann-La Roche Ltd (Switzerland), Siemens Corporation (Germany), Quest Diagnostics Inc. (US), DiaSorin S.p.A. (Italy) Maccura (China).

  • The market is project to grow at a CAGR of 4.7% between 2021 and 2028.

  • The driving factors of the Vitamin D Testing include

    • Rising health awareness among consumers.

  • Europe was the leading regional segment of the Vitamin D Testing in 2020.

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