Press release
Vitamin D Testing Market Poised for 9& Growth, Set to Hit $3.77 Billion by 2029
How Is the Vitamin D Testing Market Projected to Grow, and What Is Its Market Size?In recent times, the size of the vitamin D testing market has seen significant growth. It's projected that the market size will increase from $0.92 billion in 2024 to $1 billion in 2025, with a compound annual growth rate (CAGR) of 9.5%. The previously seen growth can be attributed to factors such as a growing prevalence of Vitamin D deficiency, escalating geriatric population, increased awareness about disorders, emerging healthcare expenditure, and an increasing prevalence of osteoporosis.
In the coming years, the market for vitamin D testing is projected to demonstrate robust growth. By 2029, it is predicted to reach a value of $1.43 billion, with a compound annual growth rate (CAGR) of 9.2%. The growth during the predicted period can be linked to a rise in the number of studies on the significance of vitamin D, an upsurge in the cases of deficiency among individuals, higher investment in research and development (R&D), as well as government led initiatives and health screenings. Additionally, increased sedentary habits and limited sun exposure are also factors. Key trends for the forecasted period include advancement in technology, integration with digital health, innovation in testing methods, incorporation of automation and artificial intelligence (AI) in Vitamin D testing mechanisms, and point-of-care testing for Vitamin D.
What Are the Key Drivers Behind the Growth of the Vitamin D Testing Market?
The rise in understanding of diseases linked to vitamin D insufficiency is anticipated to boost the expansion of the vitamin D testing market. A disorder marked by inadequate vitamin D can result in a hampered absorption of calcium, potentially leading to bone fragility, muscle discomfort, and heightened likelihood of fractures. These disorders can stem from lack of sun exposure, overuse of sunscreen, dietary deficits, and inactive lifestyle behaviors. Testing for vitamin D is necessary for evaluating and accurately diagnosing low levels of vitamin D, thereby facilitating timely treatment and mitigating associated health complications. To illustrate, a survey from July 2024, conducted by Forth, a UK wellness company, on 1,400 consumers, discovered that 57% of individuals had vitamin D quantities that fell below the suggested 75-100 nmol/L range. The mean reading was 78.7 nmol/L. Thus, the surging recognition of vitamin D insufficiency illnesses fuels the growth of the vitamin D testing market.
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Who Are the Major Industry Players Fueling Vitamin D Testing Market Expansion?
Major companies operating in the vitamin D testing market are Siemens AG, Thermo Fisher Scientific Inc., Abbott Laboratories Inc., F. Hoffmann-La Roche AG, Laboratory Corporation of America Holdings, Quest Diagnostics Incorporated, bioMérieux SA, Tosoh Bioscience LLC, Revvity Inc., Quidel Corporation, Beckman Coulter Inc., Bio-Rad Laboratories Inc., DiaSorin S.p.A., Tecan Group Ltd., Randox Laboratories Ltd., Boditech Med Inc., Everlywell Inc., BioVendor Laboratorni medicina AS, Diazyme Laboratories Inc., DiaSys Diagnostic Systems GmbH, Qualigen Therapeutics Inc.
Who Are the Major Industry Players Fueling Market Expansion?
Leading businesses in the vitamin D testing market are introducing creative solutions, like vitamin D test kits, to oversee the vitamin D levels either at home or within a clinical environment. These test kits serve as diagnostic instruments to gauge the amount of vitamin D in a person's bloodstream, aiding in the evaluation and scrutiny of their vitamin D condition. For example, in February 2022, NanoSpeed Diagnostics, a Canada-based firm specialising in diagnostic screening test kits, received CE mark certification for its Test4D vitamin D deficiency test kit. The Test4D is an innovative, point-of-care test built to swiftly and affordably detect 25-OH vitamin D levels in Europe. This groundbreaking test, which delivers results in just 10 minutes, only requires one drop of blood and is 90% cheaper than conventional methods. It delivers an extremely effective method for identifying vitamin D deficiency.
How Is the Segmentation of the Vitamin D Testing Market Defined?
The vitamin D testing market covered in this report is segmented -
1) By Product: 25 -Hydroxy Vitamin D Testing, 1,25-Dihydroxy Vitamin D Testing, 24,25-Dihydroxy Vitamin D Testing
2) By Technique: Radioimmunoassay (RIA), Enzyme-Linked Immunosorbent Assay (ELISA), High-Performance Liquid Chromatography (HPLC), Liquid Chromatography-Mass Spectrometry (LC-MS), Other Techniques
3) By Indication: Osteoporosis, Rickets, Malabsorption, Vitamin D Deficiency, Other Indications
4) By Application: Clinical Testing, Research Testing
5) By End-User: Hospitals, Diagnostic Laboratories, Home Care, Point-of-Care, Other End-Users
Subsegments:
1) By 25-Hydroxy Vitamin D Testing: Immunoassays, Liquid Chromatography-Mass Spectrometry (LC-MS), Enzyme-Linked Immunosorbent Assay (ELISA)
2) By 1,25-Dihydroxy Vitamin D Testing: Radioimmunoassays (RIA), High-Performance Liquid Chromatography (HPLC), LC-MS Techniques
3) By 24,25-Dihydroxy Vitamin D Testing: Mass Spectrometry, Immunoassays, HPLC Methods
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What Is the Leading Region in the Vitamin D Testing Market?
North America was the largest region in the vitamin D testing market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the vitamin D testing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Vitamin D Testing Global Market Report?
- Market Size Analysis: Analyze the vitamin d testing Market Size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the vitamin d testing market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall vitamin d testing market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the vitamin d testing market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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