Vitamin D Testing Market Overview:
The Vitamin D Testing Market analysis provides a full insight into the competition, including the market share and company profiles of the key worldwide rivals. The scope of the research covers a thorough investigation of the Vitamin D Testing Market, as well as the causes for variances in the industry’s growth in different regions.
The Vitamin D Testing Market was valued US$ 768 Mn. in 2021 and is expected to reach US$ 1564 Mn. by 2029, at a CAGR of 9.30% during a forecast period.
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Following the completion of market engineering, which comprised market statistics calculations, estimations of market size, market projections, market breakdown, and data triangulation, major primary research was conducted to obtain information and verify and validate critical numbers. Top-down and bottom-up strategies, as well as several data triangulation procedures, were often used throughout the market engineering process to perform market estimating and forecasting for the overall market segments and sub-segments discussed in this research. In order to give vital information throughout the report, extensive qualitative and quantitative analysis is done on all data gathered throughout the market engineering process.
Segmentation:
by Test
• 25-Hydroxy D Vitamin
• 1,25-Dihydroxy D Vitamin
According to the Test, the market share for 25-hydroxy vitamin D testing is expected to reach 85.2% in 2021. Throughout the duration of the prediction, this tendency is expected to persist. The 25-Hydroxy Vitamin DS EIA Assay is designed to measure 25-hydroxyvitamin D and other hydroxylated metabolites in human blood and plasma quantitatively. Growing vitamin D insufficiency issues, together with Rickets, and the ability of this test to detect bone problems as they should be will likely accelerate the expansion of this market. The 5-hydroxyvitamin D test is essential for detecting osteoporosis and rickets and for monitoring patients’ levels of vitamin D insufficiency. Moreover, a quick blood test with minimum equipment can be used to determine the stages of 25-hydroxyvitamin D.
by Technique
• Radioimmunoassay
• ELISA
• HPLC
• LC-MS
• Others
by Indication
• Osteoporosis
• Rickets
• Thyroid Disorders
• Malabsorption
• Vitamin D Deficiency
• Others
by End User
• Hospitals
• Diagnostic Laboratories
• Home Care
• Point-of-care
• Others
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Key Players:
Primary and secondary research is used to identify market leaders, and primary and secondary research is used to calculate market revenue. In-depth interviews with important thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives were conducted as part of the primary study. Primary research comprised in-depth interviews with key thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives, while secondary research included a review of the main manufacturers’ annual and financial reports. Secondary data is used to determine percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then cross-checked with primary data.
• The biggest players in the Vitamin D Testing Market are as follows:
• Bio-Rad Laboratories, Inc.
• Abbott Laboratories
• F. Hoffmann-La Roche AG
• Thermo Fisher Scientific
• DiaSys Diagnostic Systems GmbH
• DiaSorin
• bioMérieux
• Siemens AG
• Quest Diagnostics
• Danaher Corporation
• Beckman Coulter Inc
• Beijing Wantai
• Biokit S.A.
• Everlywell, Inc.
• Immunodiagnostic Systems Holdings PLC
• Maccura Biotechnology Co
• Mindray Medical International Limited
• Quidel corporation
• Recipe Chemical + Instrumentation GmbH
Regional Analysis:
Individual market influencing components and changes in market regulations affecting the present and future market trends are also included in the regional overview of the Vitamin D Testing Market analysis. Current and future trends are researched in order to assess the entire market potential and identify profitable patterns in order to get a stronger foothold. The geographical market assessment is based on the present environment and expected developments.
COVID-19 Impact Analysis on the Vitamin D Testing Market:
End-user industries where Vitamin D Testing Market is utilized saw a dip in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, the United States, Spain, France, and India, due to a pause in operations. This resulted in a significant decrease in the revenues of businesses working in these industries and, as a result, in demand for Vitamin D Testing Market manufacturers, influencing the development of the Vitamin D Testing Market in 2020. End-user business demand for Vitamin D Testing Market has declined significantly as a result of lockdowns and an increase in COVID-19 events worldwide.
Key Questions Answered in the Vitamin D Testing Market Report are:
In 2021, which segment held the highest proportion of the Vitamin D Testing Market?
What is the Vitamin D Testing Market’s competitive landscape?
What are the primary drivers assisting the Vitamin D Testing Market growth?
Which region has the most market share in the Vitamin D Testing Market?
What will be the Vitamin D Testing Market’s CAGR throughout the projected period?
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