Authored By: Sarah
28 Jan 2021

Vitamin D Testing Market Size to Grow by $ 198.46 mn During 2021-2025

Technavio has been monitoring the vitamin d testing market and it is expected to grow by $ 198.46 mn, accelerating at a CAGR of almost 5% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report

Vitamin D Testing Market: North America to lead market growth during the forecast period

  • 40% of the market growth will originate from North America during the forecast period.
  • Increasing geriatric population will be a key trend that will influence market growth significantly.
  • The Growing awareness on importance of vitamin d will be a significant factor in driving the growth of the vitamin d testing market.

Vitamin D Testing Market Size to Grow by Nearly $ 199 Million till 2025| Rise in Infections and Autoimmune Diseases to Drive Growth

Vitamin D Testing Market: Key Competitors

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Abbott Laboratories, bioMérieux SA, Danaher Corp., DiaSorin Spa, Diazyme Laboratories Inc., F. Hoffmann-La Roche Ltd., Quest Diagnostics Inc., Quidel Corp., Siemens Healthineers AG, and Thermo Fisher Scientific Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

For more insights on this market: Download a Free Sample Report

Vitamin D Testing Market: Key Highlights of the Report for 2021-2025

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive vitamin d testing market growth during the next five years
  • Precise estimation of the vitamin d testing market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the vitamin d testing market industry across North America, Europe, Asia, and ROW
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of vitamin d testing market vendors

Technavio has been monitoring the global Vitamin D testing market and it is expected to grow by USD 198.46 million accelerating at a CAGR of over 5% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. Download latest version with COVID-19 analysis Free Sample Report

Vitamin D Testing Market: Segmentation by Product

In recent years, the 25-hydroxyvitamin D segment accounted for a major share of the Vitamin D Testing Market. This test plays a crucial role in indicating osteoporosis and rickets and helps in monitoring vitamin D deficiency in patients. Moreover, the levels of 25-hydroxyvitamin D can be determined through a simple blood test with minimal risks.  Routine hypovitaminosis D testing is also performed in patients with musculoskeletal symptoms, such as bone pain, myalgias, and generalized weakness. This report provides an accurate prediction of the contribution of all the segments to the growth of the vitamin D testing market size. 

Vitamin D Testing Market Size to Grow by Nearly $ 199 Million till 2025| Rise in Infections and Autoimmune Diseases to Drive Growth

Vitamin D Testing Market: Top Trends to Drive Growth

The increasing number of infections and autoimmune diseases is one of the critical vitamin D testing market trends. Patients with vitamin D deficiency are highly susceptible to autoimmune and infectious diseases caused by bacteria, virus, fungi, and parasites. Several autoimmune diseases, including multiple sclerosis, rheumatoid arthritis, diabetes mellitus, inflammatory bowel disease, tuberculosis, and systemic lupus erythematosus are linked with vitamin D deficiency. The use of vitamin D in the form of cod liver oil is prescribed for patients with tuberculosis and to increase protection against other infections. Low levels of vitamin D intake by the mother during pregnancy can also increase the risk of autoimmune diseases in the foetus. Thus, with the increasing number of infections and autoimmune diseases, the demand for vitamin D testing will also grow.

Vitamin D Testing Market: Segmentation by Geography

North America was the largest Vitamin D Testing Market market in 2020, and the region will offer several growth opportunities to market vendors during the forecast period. 40% of the market growth will originate from North America during the forecast period. The US and Canada are the key markets for vitamin D testing in North America. However, market growth in this region will be slower than the growth of the market in Asia. The increasing prevalence of vitamin D deficiency is one of the prime factors that will facilitate the vitamin D testing market growth in North America over the forecast period.

Vitamin D Testing Market: Vendor Analysis

The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Abbott Laboratories, bioMérieux SA and Danaher Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report 

 

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