Global Vitamin D Testing Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
Vitamin D Testing Market Overview
"The Vitamin D Testing Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031."
Vitamin D refers to a group of naturally occurring fat-soluble vitamins chemically related to steroids, which help in the absorption of calcium, magnesium, phosphate, zinc, and multiple. Vitamin D helps maintain the cell cycle, reduces the chances of neuromuscular disorder and inflammation in joints, and enhances immune function. It maintains serum calcium and phosphate concentration to regularize the mineralization of bone and tooth to prevent hypo-calcemic tetany.
The increasing geriatric population, rising prevalence of vitamin D deficiency, and other chronic diseases are key factors driving the market growth. Awareness about the benefits of health check-ups coupled with higher per capita income is another factor driving the market's growth. However, the growing price burden on patients is a primary factor hampering the market growth.
Region-wise, the vitamin D testing market in North America commanded the largest share in 2016 and is expected to maintain its dominance during the forecast period owing to the presence of good healthcare infrastructure. The vitamin D testing market in Asia is projected to witness substantial growth over the next decade owing to rising expenditure on healthcare infrastructure in India. In addition, growing investments by various players in the region and the recent commercialization of tests in Japan and China are other reasons for this projected revenue growth.
Diagnostic laboratories are witnessing rising foot-falls of patients because these centers offer consumer-friendly outpatient services, a wide range of medical services, and testing procedures, which in turn reduces overall medical expenditure, which will further drive the influx of patients during the forecasted period.
The global vitamin D testing market is characterized by the presence of many vendors that distribute products in local and international markets, strengthening the market's competitive environment. These vendors offer advanced technologies to enhance their brand image and develop high-quality products to expand their customer base and drive revenues.
Two forms of vitamin D tests that can be measured in the blood include 25-hydroxyvitamin D and 1,25-dihydroxyvitamin D. 25-hydroxyvitamin D tests are majorly done because it is the major form found in blood and is the relatively inactive precursor to the active hormone, 1,25-dihydroxyvitamin D. 25-hydroxyvitamin D is commonly measured to assess and monitor vitamin D status in individuals
because of its long half-life, higher concentration, and greater ability to identify bone malformations, softness, weakness, and fractures in adults.
Global Vitamin D Testing Market Segmentation:
Global vitamin D testing market segmentation by product:
- 25-Hydroxy vitamin D testing
- 1,25-Dihydroxy vitamin D testing
Global vitamin D testing market segmentation by end-user:
- Diagnostic laboratories
- Hospitals and physician clinics
- Home care settings
Global vitamin D testing market segmentation by region:
- North America & Latin America
- Asia Pacific
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Hoffmann-La Roche Ltd.
- Abbott Laboratories
- Siemens Healthineers
- The Vitamin D Company
- Tosoh Bioscience
- Qualigen Inc.
- Biomeriux Diasorin
- Diazyme Laboratories
- Danaher Corporation
- Quest Diagnostics
- DiaSorin S.p.A.
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