San Francisco, 20 December 2018: The Report Vitamin D Testing Market Analysis By Type of Test (25-Hydroxy Vitamin D Tests; 1,
25-Dihydroxy Vitamin D Tests), Region (North America, Europe, Asia Pacific,
South & Central America, MEA), And Segment Forecasts, 2018 – 2025
The global vitamin D testing market is expected to reach USD 1.1 billion by 2025,
according to a new report by Grand View Research, Inc. Global increase in
geriatric population as well as cases of chronic illnesses is likely to drive
the market during the forecast period.
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| Vitamin D Testing Market |
Furthermore, increase in investment for
development and commercialization of various accurate, innovative, and
easy-to-use tests by various market players and governments is likely to drive
the market growth. For instance, in January 2017, Future Diagnostics and DIA
source received a grant of EUR 1.4 million from the European Commission to
develop a unique CE-marked assay that can measure the level of free vitamin D
(25OHD) in the body. In addition, this assay will assist in early recovery of
patients suffering from vitamin D deficiency by providing optimized treatment,
offering an opportunity to save treatment costs.
Vitamin D assay measures the level of
vitamin D in two forms. Hence, the market has been divided by two major types
of tests, namely 25-Hydroxy Vitamin D test and 1, 25-Dihydroxy vitamin test.
The 5-hydroxy vitamin D tests or assay
segment dominated in 2016 due to its greater ability to identify bone
malformations, softness, weakness, and fractures in adults. Its domination is
likely to continue in the forecast period as well.
Access Research Report of Vitamin D Testing Market @ www.grandviewresearch.com/industry-analysis/vitamin-d-testing-market
Further Key Findings From the Report Suggest:
· Rising incidence of chronic illnesses and
growing geriatric population are expected to propel the growth of the market
with a CAGR of 9.4% from 2017 to 2025
· 5-hydroxy vitamin D test segment accounted
for the largest share and is anticipated to witness strong growth during the
forecast period. This can be attributed to the availability of several
commercial products, ongoing research in the field, and the ability to
accurately detect bone malformations.
· Geographically, North America held the
largest share in 2016. It is expected to maintain its dominance during the
forecast period due to higher awareness about screening, higher healthcare
expenditure as compared to other developing countries, and local presence of
market players.
· The industry in Asia Pacific is projected
to witness substantial growth over the next decade owing to growing investments
by several market players in the region, growing healthcare expenditure, and
recent commercialization of tests in major markets, such as Japan and China
· Some of the key players are Abbott
Laboratories; F. Hoffmann-La Roche Ltd.; Hologic, Inc.; Siemens Corporation;
Danaher Corporation; Quest Diagnostics, Inc.; bioMérieux SA; and DiaSorin
S.p.A.
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/clinical-diagnostics
Grand View Research has segmented the
global vitamin D testing market on the basis of type of test and region:
Type of Test Outlook (Revenue, USD Million,
2014 - 2025)
·
25-Hydroxy Vitamin D Tests
·
1, 25-Dihydroxy Vitamin D Test
Regional Outlook (Revenue, USD Million,
2014 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
Access Press Release of
Vitamin D Testing Market@ www.grandviewresearch.com/press-release/global-vitamin-d-testing-market
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
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