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The Global Vitamin D Testing Market will derive growth from the advent of non-invasive vitamin D testing products. According to a report published by Fortune Business Insights, titled “Vitamin D Testing: Global Market Analysis, Insights, and Forecast, 2019-2026,” the market was valued at US$ 605.9 Mn in 2018. Fortune Business Insights states that the market will reach US$ 841.8 Mn by the end of 2026, and will exhibit a CAGR of 4.2%.
The increasing awareness regarding vitamin D testing in emerging countries has created a huge demand for related products. New research studies demonstrating the importance of vitamin D on the overall health and an increasing emphasis on promoting healthy lifestyle has contributed to the demand for vitamin D testing products across the world.
The global vitamin D testing market will witness considerable growth in the coming years, driven by the increasing demand for point of care testing. The properties of point of care testing such as low response time, quick and efficient results, and the ease of diagnosis due to homecare testing. The report focuses on several factors that have accounted for the growth of the global vitamin D testing market.
25 -Hydroxy Vitamin D Testing Will Witness High Demand
The global vitamin D testing market is segmented based on various factors such as product type, applications, end users, and regional demographics. Fortune Business Insights has provided an insight into newer product launches and gauges their impact on the global market. Among all product types, the 25 -Hydroxy Vitamin D Testing will account for the highest market share.
Fortune Business Insights states that the high demand for this product can be attributed to its exceptional functional properties. The comparatively long half-life of the product has led to its rising uptake among end users globally. Furthermore, innovations in the product will aid the growth of this segment in the coming years.
Fortune Business Insights states that the 25 -Hydroxy Vitamin D testing will account for a high market share in the forecast period as well. As of 2018, the 25 -Hydroxy Vitamin D testing segment accounted for 85.2% of the global market share. Having said that, the 1,25-Dihydroxy vitamin D testing segment expected to witness the highest CAGR during the forecast period.
Vitamin D Testing Product Market in North America Will Witness Considerable Growth
The advent of technologically advanced products in North America has led to an increase in demand and subsequent uptake of vitamin D testing products in North America. Furthermore, a high percentage of the total population suffering from vitamin D deficiencies in North America has led to the demand for vitamin D testing drugs.
Fortune Business Insights has predicted that the growing demand for vitamin D testing products in emerging countries such as India and China will aid the growth of the market in Asia Pacific. The vitamin D testing market in Asia Pacific will witness the highest CAGR in the forecast period.
Fortune Business Insights has profiled some of the leading companies that are operating in the global vitamin D testing market. The report gauges the impact of these companies on the global market. Additionally, Fortune Business Insights forecasts the companies that will have a significant impact on the global vitamin D testing market in the forthcoming years.
Some of the companies that have already made significant growth contributions to the global market are F. Hoffmann-La Roche Ltd, DiaSorin S.p.A., Abbott, bioMérieux SA, Siemens Healthcare GmbH, Beckman Coulter, Inc., RECIPE Chemicals + Instruments GmbH, Quidel Corporation, Thermo Fisher Scientific and Immunodiagnostic Systems.
Browse Complete Report Details: https://www.fortunebusinessinsights.com/industry-reports/vitamin-d-testing-market-100968
The global Vitamin D testing market is segmented based on:
Segmentation of the Global Vitamin D Testing Market