Jun 27, 2017   SOURCE: PR NewsWire

Global Vitamin D Testing (25-Hydroxy Vitamin D Tests; 1, 25-Dihydroxy Vitamin D Tests) Market 2014-2017 & Forecasts to 2025

DUBLIN, June 27, 2017 /PRNewswire/ --

Research and Markets has announced the addition of the "Vitamin D Testing Market Analysis By Type of Test (25-Hydroxy Vitamin D Tests; 1, 25-Dihydroxy Vitamin D Tests), Region (North America, Europe, Asia Pacific, South & Central America, MEA), And Segment Forecasts, 2014 - 2025" report to their offering.

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The global vitamin D testing market is expected to reach USD 1.1 billion by 2025

Global increase in geriatric population as well as cases of chronic illnesses is likely to drive the market during the forecast period.

Furthermore, increase in investment for development and commercialization of various accurate, innovative, and easy-to-use tests by various market players and governments is likely to drive the market growth. For instance, in January 2017, Future Diagnostics and DIA source received a grant of EUR 1.4 million from the European Commission to develop a unique CE-marked assay that can measure the level of free vitamin D (25OHD) in the body.

In addition, this assay will assist in early recovery of patients suffering from vitamin D deficiency by providing optimized treatment, offering an opportunity to save treatment costs.

Vitamin D assay measures the level of vitamin D in two forms. Hence, the market has been divided by two major types of tests, namely 25-Hydroxy Vitamin D test and 1, 25-Dihydroxy vitamin test.

The 5-hydroxy vitamin D tests or assay segment dominated in 2016 due to its greater ability to identify bone malformations, softness, weakness, and fractures in adults. Its domination is likely to continue in the forecast period as well.

Further Key Findings From the Report Suggest: 

    --  Rising incidence of chronic illnesses and growing geriatric population
        are expected to propel the growth of the market with a CAGR of 9.4% from
        2017 to 2025
    --  5-hydroxy vitamin D test segment accounted for the largest share and is
        anticipated to witness strong growth during the forecast period. This
        can be attributed to the availability of several commercial products,
        ongoing research in the field, and the ability to accurately detect bone
        malformations.
    --  Geographically, North America held the largest share in 2016. It is
        expected to maintain its dominance during the forecast period due to
        higher awareness about screening, higher healthcare expenditure as
        compared to other developing countries, and local presence of market
        players.
    --  The industry in Asia Pacific is projected to witness substantial growth
        over the next decade owing to growing investments by several market
        players in the region, growing healthcare expenditure, and recent
        commercialization of tests in major markets, such as Japan and China
    --  Some of the key players are Abbott Laboratories; F. Hoffmann-La Roche
        Ltd.; Hologic, Inc.; Siemens Corporation; Danaher Corporation; Quest
        Diagnostics, Inc.; bioMérieux SA; and DiaSorin S.p.A.

Key Topics Covered:

1. Methodology and Scope

2. Executive Summary

3. Vitamin D Testing Industry Outlook

4. Vitamin D Testing Market: Type of Test Outlook

5. Vitamin D Testing Market: Regional Outlook

6. Competitive Landscape

7. Company Profiles

    --  F. Hoffmann-La Roche Ltd.
    --  Abbott Laboratories
    --  Siemens Corporation
    --  Danaher Corporation
    --  Quest Diagnostics, Inc.
    --  bioMérieux SA
    --  DiaSorin S.p.A.

For more information about this report visit https://www.researchandmarkets.com/research/5c4v9r/vitamin_d_testing

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Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-vitamin-d-testing-25-hydroxy-vitamin-d-tests-1-25-dihydroxy-vitamin-d-tests-market-2014-2017--forecasts-to-2025-300480526.html

SOURCE Research and Markets