Vitamin D Testing Market to grow at a Steady CAGR During the Forecast Period
Rising prevalence of research and development is driving the growth in Global Vitamin D Testing Market in the forecast period, 2022-2026.
According to TechSci Research report, “Global Vitamin D Testing Market By Product (25-Hydroxy Vitamin D Testing, 1,25-Dihydroxy Vitamin D Testing, 24,25-Dihydroxy Vitamin D Testing) By Application (Clinical Testing, Research Testing) By Technique (Radioimmunoassay, ELISA, HPLC, LC-MS, Others) By Patient (Adult, Pediatric) By Indication (Osteoporosis, Rickets, Thyroid Disorders, Malabsorption, Vitamin D Deficiency, Others) By End User (Diagnostic Laboratories, Hospitals and Clinics, Homecare Settings, Others) By Region, Competition Forecast & Opportunities, 2026”, the global vitamin d testing market is projected to grow at an impressive CAGR in the forecast period, 2022-2026, owing its growth to the attributes like increase in the prevalence of vitamin D deficiency due to lack of exposure to sunlight, low intake of vitamin D diet. Moreover, lack of absorption of food, diseases in liver and kidney, and drugs like phenytoin, rifampin, and phenobarbital is expected to drive the global vitamin D market in the next five years. Furthermore, governmental aid toward the research and development of the vitamin d testing products and related accessories and the clinical trials related to it is anticipated to drive the growth of the market in the forecast period.
Vitamin D is an integral nutrient that is responsible for the control of calcium and phosphate levels in the human body. The vitamin helps in maintaining the cell cycle, fetus development, prevention of neuromuscular disorders and bone disorders. Lack of vitamin D leads to rickets, osteoporosis, cardiovascular disease, cognitive disorders, cancer, autoimmune diseases, and asthma. Vitamin D testing is used to determine if the bone weakness, bone malformation, or abnormal metabolism of calcium that could determine the deficiency or the excess of vitamin D.
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The global vitamin d testing market is segmented on the basis of product, application, technique, patient, indication, end user, competitional landscape, and regional distribution. Based on application, the market is further bifurcated into clinical testing, research testing. Research testing is anticipated to assert its dominance over the market in the next five years owing to the increased research and development going on for various diseases. Moreover, clinical testing is anticipated to hold significant share of the market owing the growth to the increased clinical trials, and FD approvals to the various drug developments and testing criteria.
Some of the major competitors in the market are F. Hoffmann-La Roche Ltd., Abbott Laboratories Ltd., Siemens Corporation Ltd., Danaher Corporation Ltd., Quest Diagnostics, Inc., BioMérieux SA, DiaSorin S.p.A., Thermo Fisher Scientific Inc., Quidel Corporation Ltd., Beckman Coulter Inc., Biokit S.A., Tosoh Bioscience, Inc., Qualigen Inc., Diazyme Laboratories, Inc., Hologic, Inc., among others.
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“North America is a promising region for the growth of the market. The region has proven its dominance in the historical years, and with the rising prevalence of awareness about the regular screening and presence of major players in the large economies and the available commercialized products in the countries like United States, and Canada. Asia Pacific region is expected to be the fastest growing region due to commercialization of tests in the countries like Japan, and China. Also, demand for the products is rapidly increasing in the countries like India and their developing healthcare industry on the backbone of increased expenditure,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Vitamin D Testing Market By Product Type (Mouthwash/Rinse, Toothpaste, Toothbrush, Dental Chews, Others) By Animal (Dogs, Cats, Horses, Others) By Distribution Channel (Online, Supermarket/hypermarket, Departmental Store, Others) By End User (Residential, Veterinary Hospitals, Private Clinics, Others) By Region, Competition Forecast & Opportunities, 2026”, has evaluated the future growth potential of global vitamin d testing and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global vitamin d testing.
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