The Vitamin D Testing Market is predicted to be worth US$ 917.55 million in 2023 and rise to US$ 1,999.35 million by 2033. Initially, the global market was expanding at a CAGR of 6% from 2018 to 2022.
Technology advancement has greatly improved the precision and usefulness of vitamin D testing kits. With just a small blood sample, these kits are readily available and can accurately detect the body’s vitamin D levels. The use of vitamin D testing kits has increased as a result of the emergence of immunoassay-based methods, which can distinguish between vitamin D2 and D3 forms.
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Testing vitamin levels at home is now simple owing to the technology. With the availability of new technology, it is now possible to create fast vitamin D testing that is incredibly reliable and simple to use at home. The combination of increased knowledge of vitamin D importance and the availability of accurate rapid vitamin D testing is largely responsible for the favorable market prediction.
Both government and business sector efforts to raise awareness of vitamin D deficiency are boosting public understanding of vitamin D. Its nutritional benefits and use of vitamin D testing procedures are further driving the market. For instance, in order to raise women’s awareness of bone health, Horlicks Women’s Plus and Apollo Clinic joined in January 2022.
Key Takeaways
- In 2018, China expanded at a market value of US$ 38.4 billion in the vitamin D testing market. The market is expected to reach US$ 74.9 million in 2023.
- The vitamin D testing market was significantly expanding, with a size of US$ 848.8 billion in 2022.
- The market is anticipated to reach a valuation of US$ 1,159.08 million by 2026, as a result of emerging cloud-based platforms.
- Due to the market’s excellent potential and utilization of smartphones in testing, analysts expect it is likely to rise 1.08 times between 2022 and 2023.
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- As demand for preventive healthcare solutions rises, the United Kingdom market is expected to develop at a prodigious CAGR by 2033.
- Based on product type, the 25-hydroxy vitamin D test dominated the market in 2022 and continued to lead the market during the forecast period.
- Based on indications, osteoporosis led the market in 2022 and continues to lead the market during the forecast period.
- The LC-MS segment dominated the market in 2022 and is likely to hold the top spot throughout the projected period.
- Based on patient category, adult patients led the market in 2022 and continues to lead during the forecast period
Critical Approaches Increasing Top Players’ Wealth
Due to a few dominant competitors controlling the bulk of market shares, the vitamin D testing industry is consolidated in nature. One of the primary reasons for market dominance is the development of cutting-edge modern technologies that give patients precise outcomes.
Recent Developments
- In order to increase the presence of its brand, Thermo Fisher Scientific Inc. made declared in March 2020. The Cascadion SM Clinical Analyzer for the Cascadion SM 25-hydroxy vitamin D assay is now offered in the United States.
- In January 2022, F. Hoffmann-La Roche Ltd. released Cobas Infinity Edge. It is a cloud-based platform for integrating and managing point-of-care data that can be used in clinical settings anywhere in the world.
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Key Players
- Abbott
- F. Hoffmann-La Roche Ltd
- BIOMÉRIEUX
- Thermo Fisher Scientific Inc.
- Danaher
- Siemens Healthineers AG
- DiaSorin S.p.A.
- Beckman Coulter, Inc. (BD)
- Tosoh Bioscience, Inc.
- Quest Diagnostics Incorporated.
Key Segments
Vitamin D Testing By Product:
- 25-Hydroxy Vitamin D Testing
- 1,25-Dihydroxy Vitamin D Testing
Vitamin D Testing by Indication:
- Vitamin D Testing for Osteoporosis
- Vitamin D Testing for Rickets
- Vitamin D Testing for Thyroid Disorders
- Vitamin D Testing for Vitamin D Deficiency
- Others
Vitamin D Testing by Technology:
- Radioimmunoassay
- ELISA
- HPLC
- LC-MS
- Others
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Vitamin D Testing by Patient:
- Vitamin D Testing in Adult
- Vitamin D Testing in Pediatric
Vitamin D Testing by Test Location:
- Vitamin D Testing at Point-of-Care
- Others
Vitamin D Testing by End-use:
- Vitamin D Testing for Hospitals
- Vitamin D Testing for Diagnostic Laboratories
- Vitamin D Testing for Homecare
- Others
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