Vitamin Test Market Size, Share & Industry Analysis, By Type (Vitamin D, Vitamin B12, Vitamin A, Folic Acid, Others), By Technology (HPLC, Liquid Chromatography, ELSIA, Others), By End User (Hospitals & Clinics, Laboratories & Diagnostic Centers, Others) and Regional Forecast, 2024-2032
KEY MARKET INSIGHTS
Conductance of testing of blood in order to detect deficiency of vitamins over the vitamin spectrum is known as ‘Vitamin Test’. The panel of test includes testing for vitamin B1, B2, A, E, K, Folic Acid, and others. Vitamin test is crucial so as to keep a record for the vitamin levels in the body as vitamins are the essentials micronutrient of the body. A vitamin test is conducted when a patient is associated with the related disease or deficiency. The factors associated to cause deficiency are the lifestyle changes such as smoking habits, alcohol consumption, and sedentary lifestyle among others. According to World Health Organization (WHO), leading cause of blindness in children occurs due to Vitamin A deficiency. Moreover, according to various studies conducted maximum vitamin deficiency are related to Vitamin D deficiency. The test is conducted by using various technologies such as high-performance liquid chromatography (HPLC), ELISA, liquid chromatography, and others. Increasing prevalence of the associated disease and growing vitamin test is anticipated to surge the market value of vitamin test.
The major factor driving the global vitamin test market is increasing prevalence of vitamin deficiency in patients owing to change in lifestyle habits such as smoking, unhealthy diet, lack of exercise etc. Moreover, rising awareness among population of vitamin test benefits is also likely to contribute to the market growth.
On the flip side, higher cost of the test undertaken is likely to restrict population from conducting vitamin test. Additionally, chances of false results as well as lack of awareness among the under-developed population may hinder the growth of the market.
Key Market Driver -
Increasing Prevalence of Vitamin Deficiency
Key Market Restraint -
High Cost Associated with Vitamin Test
Market Segmentation:
By type, the market is segmented into Vitamin D, Vitamin B12, Vitamin A, Folic Acid, and Others. Based on technology, the market is segmented into HPLC, liquid chromatography, ELISA, and Others. Based on end users, the vitamin test market is segmented into hospitals & clinics, laboratories & diagnostic centre, and others.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Key Players Covered:
The major companies in the global cell surface markers market report includes Thermo Fisher Scientific, Abbott Laboratories Inc, Bio-Rad Laboratories, F. Hoffman-La Roche, R-Biopharm AG, ImmunoDiagnostics Inc, Siemens AG, DiaSorin S.p.A, VitaMe Technologies Inc., and others.
Key Insights
- Advancements in the Vitamin Test
- Pipeline Analysis
- New Product Launch
- Prevalence of Associated Diseases – By Key Countries /Regions
- Key Industry Developments – Mergers, Acquisitions, and Partnerships
Regional Analysis:
The global vitamin test market has been segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America followed by Europe dominated the global vitamin test market in 2019, owing to the rise in R&D of the pharmaceutical & biotechnology industries. However, increasing patient pool suffering from associated disease and demand for effective vitamin test kits in Asia Pacific is likely to accelerate the growth of the market in this regions. This along with growing mergers and acquisitions between industry players and awareness among population for the need to conduct test is likely to promote the sales of the vitamin test in countries like China, India, and other countries. Latin America and Middle East & Africa are projected to register a comparatively lower CAGR by the end of the forecast period.
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Segmentation
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Cell Vitamin Test Industry Developments
- In November 2019, Orig3n announced the launch of Vitamin Genetic Test as well as a partnership agreement with VitaminLab. The test will provide personalized vitamins for the user based on its genes.
- In June 2019, DiaSys launched a Vitamin D assay. The assay is the first and the only 2 reagent latex assay which does not require special instrumentation.
- Ongoing
- 2023
- 2019-2022
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