Vitamin D Testing Market to Rise From US$519 Mn Valuation in 2018 to ~US$877 Mn in 2027; Increasing Awareness About Test Benefits to Improve Adoption Rate, Notes TMR
ALBANY, New York, Feb. 19, 2020 /PRNewswire/ -- Transparency Market Research has recently published a new research report that examines the factors that shape up the overall growth and development of the global Vitamin D testing Market. According to the TMR report, the global market stood at an initial valuation of around US$519 mn in 2018. Over the course of the provided forecast period, ranging from 2019 to 2027, the global market is expected to exhibit a healthy CAGR of ~6%. With this growth rate, the new valuation of the market will be considerably higher. The research report predicts the valuation of the vitamin D testing market to rise up to around US$877 mn by the fall of 2027.
https://mma.prnewswire.com/media/1085206/Transparency_Market_Research_Logo.jpg
Key Findings in the Research Report
-- The research report on the global vitamin D testing market offers its
detailed segmentation based on patient type, technique, test, end user,
indication, and region. With respect to the type of test, the vitamin D
testing market is segmented into 25-hydroxy D vitamin and 1,25-dihydroxy
D vitamin testing.
-- In terms of technique, the market is further divided into LC-MS, HPLC,
ELISA, radioimmunoassay, and others.
-- In terms of type of patient, the vitamin D testing market is further
segmented into pediatric and adult.
-- In terms of indication, the market has been segmented into vitamin D
deficiency, malabsorption, thyroid disorders, rickets, osteoporosis and
others. Whereas, in terms of end user, the market is further classified
into point-of-care centers, home care, diagnostic laboratories,
hospitals, and others.
Explore a 257 pages report with detailed research, incisive insights, and in-depth country levels estimations. Gain business intelligence on global Vitamin D Testing Market by Test: 25-Hydroxy D Vitamin and 1,25-Dihydroxy D Vitamin; Technique: Radioimmunoassay, ELISA, HPLC, LC-MS, and Others; Patient: Adult and Pediatric; Indication: Osteoporosis, Rickets, Thyroid Disorders, Malabsorption, Vitamin D Deficiency, and Others; End User: Hospitals, Diagnostic Laboratories, Home Care, Point-of-care, and Others. Read Detailed TOC - https://www.transparencymarketresearch.com/report-toc/33557
Global Vitamin D Testing Market - Key Driving Factors
-- A significant reason behind the rapid growth of the global vitamin D
testing market is the increasing prevalence of vitamin D deficiency
across the globe. The deficiency is an ignored epidemic. There are over
1 billion people across the globe that are affected by it but none of
the health organization, national or international, has declared an
emergency regarding the issue. The deficiency affects all age forms
including infants, children, elderly, pregnant women, and others.
-- The deficiency is highly common across Northern Europe, particularly
among women with skin pigmentation. The deficiency levels are projected
to rise up three times during the winter months. Such factors are thus
encouraging people to undergo vitamin D testing, and take necessary
precautions.
-- Another key factor that is helping to drive the growth of the global
vitamin D testing market is the growing awareness about these
deficiencies and ways to treat the same. Even though it is not a fatal
disorder, it can certainly lead to other critical disorders. Thus, the
leading health organization and healthcare authorities have now started
campaigns and events to promote vitamin D testing. Thus, the growth of
the market is expected to have a positive growth in the near future.
Analyze Vitamin D Testing market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study.
Global Vitamin D Testing Market - Key Restraining Factors
-- One of the key restraining factor for the growth of the global vitamin D
testing market are the persistent interference problems that occur in
the LC-MS technique. The key stakeholders in the market are working
towards removing these problems and bring in more innovation. However,
this is slow process and might lead to impeding market growth.
-- Another restraining factor for the market growth is lack of importance
given to vitamin D testing. As mentioned before, no healthcare
organization has declared medical emergency given the prevalence of
vitamin D deficiency. People usually tend to ignore such tests due to
lack of knowledge and information. Though the market scenarios are
encouraging, this factor might slow down the growth in the near future.
Global Vitamin D Testing Market - Regional Analysis
-- In 2018, majority of the revenue share of the global vitamin D testing
market was dominated by North America. The region is expected to
continue dominating the global market in the coming years of the
forecast period due to growth in prescriptions of vitamin D tests, rise
in aging population, and increase in prevalence of vitamin D deficiency
in the region.
-- Europe is projected to be the second biggest market for vitamin D
testing both in terms of share as well as revenue. Nations such as
Germany have taken up the matter much more seriously than before and are
actively contributing in the development of the regional market.
-- Asia Pacific is expected to have a promising rate of growth in the near
future. Growing awareness about the benefits of these tests, growing
prevalence of vitamin D deficiency, and favorable reimbursement
scenarios are some key factors influencing the market growth.
Purchase this Report - https://www.transparencymarketresearch.com/checkout.php?rep_id=33557<ype=S
Global Vitamin D Testing Market - Competitive Analysis
Some of the major brands in the global market for vitamin D testing are Siemens AG, Danaher Corporation, bioMerieux, DiaSorin, Thermo Fisher Scientific, and Abbott Laboratories among others.
The global vitamin D testing market has been segmented as follows:
-- Vitamin D Testing Market by Test
-- 25-Hydroxy D Vitamin
-- 1,25-Dihydroxy D Vitamin
-- Vitamin D Testing Market by Technique
-- Radioimmunoassay
-- ELISA
-- HPLC
-- LC-MS
-- Others
-- Vitamin D Testing Market by Patient
-- Adult
-- Pediatric
-- Vitamin D Testing Market by Indication
-- Osteoporosis
-- Rickets
-- Thyroid Disorders
-- Malabsorption
-- Vitamin D Deficiency
-- Others
-- Vitamin D Testing Market by End User
-- Hospitals
-- Diagnostic Laboratories
-- Home Care
-- Point-of-care
-- Others
-- Vitamin D Testing Market by Region
-- North America
-- U.S.
-- Canada
-- Europe
-- Germany
-- U.K.
-- France
-- Spain
-- Italy
-- Rest of Europe
-- Asia Pacific
-- China
-- Japan
-- Australia
-- India
-- Rest of Asia Pacific
-- Latin America
-- Brazil
-- Mexico
-- Rest of Latin America
-- Middle East & Africa
-- GCC Countries
-- South Africa
-- Israel
-- Rest of Middle East & Africa
Explore Transparency Market Research's award-winning coverage of the global Healthcare industry:
Enzyme-Linked Immunosorbent Assay (ELISA) Technologies Market - Enzyme-Linked Immunosorbent Assay (ELISA) is a test performed to detect the presence of antibodies in a biological liquid sample. ELISA is used as quality control check in many industry and as a diagnostic tool in plant pathology and in medicine.
Mass Spectrometry Market - Increasing usage of the mass spectrometry technique, especially in the life sciences industry including pharmaceutical manufacturing, biotechnology, and other disciplines; rising demand for new and advanced instruments and equipment from end-users across the world; increasing focus on research and development in the health care industry leading to rise in investments in R&D by major market players and regional governments; and growing number of contract research organizations (CROs) are some of the factors driving the demand for new and advanced mass spectrometers.
Chemiluminescence Immunoassay (CLIA) Analyzers Market - Increase in indirect health care costs associated with lack of productivity of employees, absenteeism, loss of work days, and other factors have led employers in various organization across the world to indulge in health & wellness service offerings at their workplace. This helps them reduce healthcare costs and increase productivity and efficiency of employees.
Gain access to Market Ngage, an AI-powered, real-time business intelligence that goes beyond the archaic research solutions to solve the complex strategy challenges that organizations face today. With over 15,000+ global and country-wise reports across 50,000+ application areas, Market Ngage is your tool for research on-the-go. From tracking new investment avenues to keeping a track of your competitor's moves, Market Ngage provides you with all the essential information to up your strategic game. Power your business with Market Ngage's actionable insights and remove the guesswork in making colossal decisions.
About Us
Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.
Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.
TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.
Contact
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
SOURCE Transparency Market Research
