Global Vitamin D Testing Market Overview:
According to MRFR analysis, the global vitamin D testing market is expected to register a CAGR of ~6.1% during the forecast period of 2021 to 2027and is expected to reach USD ~963.6million by 2027. Vitamin D, also referred to as calciferol, is a prohormoneor precursor of a hormone. It is a fat-soluble vitamin that is naturally present in a few foods. Vitamin D is synthesizedwhen ultraviolet rays from sunlight strike the skin.As a response to sun exposure, the human body produces vitamin D. Vitamin D intake can also be boosted through certain foods or supplements.
The global vitamin D testing market is currently dominated by several market players. The key players are involved in geographic expansion,mergers, acquisitions, and strategic collaborations to maintain their global footprint in the vitamin D testing market.Similarly, manufacturers andsuppliers are extending their product and service offerings to support the growth of the vitamin D testing market. For instance, in November 2020,OmegaQuant, LLC(US) launcheda vitamin D test with a sample collection kit that allows people to test for vitamin D deficiency athome. This test kit trackslevels of vitamin D from a few drops of blood. The increasing availability of productsfrom manufacturers and testsoffered by medical laboratories is anticipated to increase the lucrativeness ofthe vitamin D testing market.
Global Vitamin D Testing Market Regional Analysis:
The market has been divided, by region, into North America, Europe, Asia-Pacific, and the rest of the world.
North America is anticipated to holdthe largest market share owing to a large number of people opting fora vegan diet. An article published in April 2021 assessed the increasing number of people following veganism in the US. A survey found a 300% increase in vegans between 2004 and 2019.In addition, a report found a decrease in meat-eaters from 85% in 2019 to 71% in 2021. The rich sources of vitamin D include milk, eggs, meat, and fish.Thus, an increasing number of vegans in the region is anticipated to boost the number of people suffering from deficiency of Vitamin D. Moreover, a growing number of research studies utilizing vitamin D test kits is expected to propel the market growth in the region during the forecast period. Some of the current examples of ongoing clinical trials include understanding bone mineral density by checking levels of vitamin D at Arkansas Children’s Hospital and absorbance of nano liquid D3via 25(OH)D blood serum test at Inspired Life Medical Office, Minnesota. The vitamin D testing marketin North America is further categorizedinto the US and Canada.
Global Vitamin D Testing Market Players:
- 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)
Global Vitamin D Testing Market Segmentation:
The global vitamin D testing market has been segmented based ontype, test, application, and end user.
The market, based on type, has been divided into kits, reagents, and instruments. The reagents segment is likely to hold the largest market share in the global vitamin D testing market due to its higher usage frequency.
Based on test type, the market has been divided into 25-hydroxy vitamin D test, vitamin d for growth and 1, 25-dihydroxy vitamin D test. The 25-hydroxy vitamin D test segment is likely to hold the largest market share in the global vitamin D testing market owing to its larger utility to assess body stores of vitamin D globally.
The vitamin D testing market based on application has been segmented intoclinical testing and research testing. The clinical testing segment is anticipated to hold the largest share in the market due to the huge demand from patients for assessing vitamin deficiency.
The end user segments of the vitamin D testing market are diagnostic laboratories, hospitals clinicsand home care settings.
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