Vitamin D Testing Market Overview With Detailed Analysis 2022-2028

According to Precision Business Insights (PBI), a state-of-the-art report, the Vitamin D Testing Market is expected to be worth USD 641.8 million in 2022, growing at a CAGR of 5.1% from 2022 to 2028. The increased pervasiveness of vitamin D deficiency and osteoporosis will fuel the demand for checking vitamin D levels as a routine health check-up, thus, propelling the growth of the global vitamin D testing market. Further, research reports indicating the connection between cancer, inflammatory bowel disease, etc. with vitamin D deficiency also push the increase in vitamin d testing market size in the two foretell period.

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Clinical Testing Segment to Flourish the Most in Forecast Period:
In 2021, the hospitals and diagnostic laboratories segment controlled most of the market. A more enormous demand for vitamin D test procedures is being brought on by rising activities to raise awareness of this testing and the rising prevalence of vitamin D deficiency which contributes the most to the global vitamin D testing market growth. The development of sophisticated point-of-care testing kits for the quantitative diagnosis of vitamin D over the study period is another factor driving segmental expansion. On the other hand, it is projected that expanding investments by market participants in the development of improved test kits coupled with an increase in the use of vitamin D tests in numerous medical research processes will greatly accelerate the expansion of the research testing segment.

European Region to Dominate the Vitamin D Testing Market and Asia-Pacific to beat the Speed of Growth:
Vitamin D testing market analysis projected that due to an increase in vitamin D test prescriptions, an increase in the number of people who are becoming older, and increased deficiency in the brutal winter season, Europe is expected to continue to dominate the global vitamin D testing market in the years to come. For instance, the vitamin D testing kit is one of the most well-liked diagnostic testing kits offered by Cerascreen, Inc., a firm that specializes in providing diagnostic health services to European homes. According to estimates, the North American region is the second-largest market for vitamin D testing in terms of both share and revenue. Germany is one of the nations that have taken the issue far more seriously than it did in the past and are actively working to strengthen the local market. It seems likely that the Asia Pacific will experience favorable growth soon. Rising awareness of the advantages of these tests, rising cases of vitamin D insufficiency, and favorable reimbursement conditions are a few of the key drivers driving market expansion.

Strategic New Product Launches, Mergers, Acquisitions, And Agreements Are the Key Strategies Adopted by Market Players:
The global vitamin D testing market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region. For instance, In November 2020, Sioux Falls, SD: OmegaQuant, the leader in omega-3 testing, launched a vitamin d test with a sample collection kit that allows customers to test for vitamin d deficiency from home. In February 2019, DiaSorin announced the use of advanced technology such as chemiluminescent immunoassay (CLIA) for the quantitative determination and analysis of 25-hydroxyvitamin D and other hydroxylated vitamin D metabolites in human serum using the LIAISON Analyzer family.

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The vitamin d testing market is segmented based on test, technique, indication, end user, and geography:
Based On the Test, The Market is Segmented into the Following:
• 25-Hydroxy D Vitamin
• 1,25-Dihydroxy D Vitamin

Based On Technique, The Market is Segmented into the Following:
• Radioimmunoassay
• ELISA
• HPLC
• LC-MS
• Others

Based On Indication, The Market is Segmented into The Following:
• Osteoporosis
• Rickets
• Thyroid Disorders
• Malabsorption
• Vitamin D Deficiency
• Others

Based On End User, The Market is Segmented into the Following:
• Hospitals
• Diagnostic Laboratories
• Home Care
• Point-of-care
• Others

Based On Geography, The Market Is Segmented into the Following:
• North America
• Europe
• Asia-Pacific
• Middle East and Asia
• Latin America

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Key players' profiles in the Vitamin D Testing Market are Bio-Rad Laboratories, Inc., Abbott Laboratories, F. Hoffmann-La Roche AG, Thermo Fisher Scientific, DiaSys Diagnostic Systems GmbH, DiaSorin, bioMérieux, Siemens AG, Quest Diagnostics, Beckman Coulter Inc, Everlywell, Inc., Immunodiagnostic Systems Holdings PLC, Quidel corporation.

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This release was published on openPR.