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.

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&ltype=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: [email protected] 
Website: http://www.transparencymarketresearch.com 

SOURCE Transparency Market Research