Active B12 Test Market: Prominent Players are Siemens Healthcare Private Limited, F. Hoffmann-La Roche, Demeditec Diagnostics, etc. by 2023 – Says MRFR

Active B12 Test Market Research Report 2018 to 2023 is added on MarketResearchFuture.com with Latest Advancement. Detail analysis on possible segments and sub segments of the market. Along with this regional analysis of the market which includes North America, Europe, Asia Pacific and Middle East and Africa.

Global Active B12 Test Market – Overview

Vitamin B12 play an important role to keep our body stay healthy. Our body are not capable to produce vitamin B12, thus, we have to get it from animal-based foods or from supplements. As our body does not store vitamin B12, so we need to intake these animal-based foods or supplements on regular basis. Vitamin B12, also known as cobalamin, is a water-soluble vitamin that plays a key role in the functioning of the brain and nervous system and the formation of red blood cells.

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Rising prevalence of vitamin deficiency disease and neurological disorders increase the market of active B12 test globally. According United States Department of Agriculture Agricultural Research Service, the prevalence of vitamin deficiency is found to be high in America. Additionally, according to report published by Alzheimer's Disease International (ADI), in 2015, prevalence of occurring dementia is more in middle income countries in comparison to developed nation. The global active B12 test market is expected to grow at a CAGR of 7.2% during the forecast period and is estimated to reach USD 220 million by 2023.

Key players:

Some of the key players in this market are Axis-Shield Diagnostics Ltd. (U.S), Abbott (U.S), Siemens Healthcare Private Limited (U.S), DiaSorin S.p.A. (Italy), F. Hoffmann-La Roche Ltd (Switzerland), LifeSpan BioSciences, Inc. (U.S), Demeditec Diagnostics GmbH (Germany)

Segments:

The global active B12 test market is segmented on the basis of diagnosis which includes ELISA assay, enzyme immunoassay, and others. On the basis of indication, the market is segmented into folate deficiency anemia, pernicious anemia, macrocytic anemia, and others. On the basis of end users, the market is segmented into hospitals, medical laboratories, clinical research organization, and other users.

Global Active B12 Test Market – Regional Analysis

According to report published by Alzheimer's disease International (ADI), in 2015, around 46.8 million people globally have dementia and it is projected to be around 74.7 million in 2030 and 131.5 million in 2050. Also, according to report published by WHO in 2017, around 50 million people are suffering with epilepsy globally.

The market of active B12 test is much higher in the Americas region. There are several factors for tremendous growth of the active B12 test market in this region such as wider acceptance of the technology, Major players belong from this region. According to report published by Alzheimer's disease International (ADI), in 2015, around 4.8 million are suffering with dementia in North Americas.

Europe is also consider huge market for active B12 test players, owing to present of huge patient population. Moreover countries in this region have well established health care structure. The population within the reason are more aware about the healthcare in comparison to other region like Asia Pacific and The Middle East and Africa.

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Asia Pacific and the Middle East and Africa region are considering the big opportunity for the market players owing to the presence of huge patient population. Whereas country like India and china of Asia Pacific region are considering fastest growing region. These countries are open to adopt new technology, and best treatment option from developed countries in order to improve the quality of life for their public. In 2014, Japanese Pharmaceutical R&D expenditure was around ¥ 14.95 Billion. Japan is well developed country and have well established healthcare system and technology, whereas developing countries are still focusing on new drugs and technology which lead to increase in the demand for various active B12 test in the drug development and delivery process for the treatment.

Some Points from TOC of Global Active B12 Test Market Research Report- Forecast to 2023:

Report Prologue

2 Market Introduction

2. Definition

2.2 Scope Of The Study

2.2. Research Objective

2.2.2 Assumptions

2.2.3 Limitations

3 Research Methodology

3. Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

4 Market Dynamics

4. Drivers

4.2 Restrains

4.3 Opportunities

4.4 Challenges

4.5 Macroeconomic Indicators

4.6 Technology Trends & Assessment

5. Market Factor Analysis
Continued…

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