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Vitamin Biomarkers Market: Major Trends Reshaping the Future of the Industry
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Will the Vitamin Biomarkers Industry Market Size Be by 2025?
In recent times, there has been a significant surge in the size of the vitamin biomarkers market. It is expected to expand from $3.59 billion in 2024 to $4.02 billion in 2025, indicating a compound annual growth rate (CAGR) of 12.1%. This impressive growth observed during the historic period is largely due to increased consciousness about vitamin deficiencies, a surge in chronic diseases incidence, growing demand for personalized nutrition, escalated research on nutritional biomarkers, and a rising population of the elderly.
What's the Long-Term Growth Forecast for the Vitamin Biomarkers Market Size Through 2029?
The market size for vitamin biomarkers is predicted to expand considerably in the forthcoming years, reaching "$6.41 billion in 2029 with a CAGR of 12.3%. This significant progression during the forecasted period is largely due to the surge in the use of digital health solutions, greater emphasis on early disease diagnosis, escalating demand for at-home test kits, rising health-related expenses, and increasing consumer enthusiasm in health and wellbeing. Foreseen trends within this projected period incorporate the incorporation of wearable health technology, creation of multiple biomarker panels, innovative strides in high-throughput screening techniques, the development of innovative biomarker-focused tests, alongside enhanced digital and distant health monitoring.
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What Are the Key Growth Drivers Fueling the Vitamin Biomarkers Market Expansion?
The rise in nutritional shortcomings is anticipated to stimulate the expansion of the vitamin biomarkers market in the foreseeable future. Nutritional deficiencies occur when the diet fails to supply crucial nutrients, resulting in detrimental health impacts. The escalating incidence of nutritional deficiencies is driven by factors such as poor eating habits, inadequate access to varied foods, and social-economic issues. Vitamin biomarkers deliver diagnoses of nutritional deficiencies via the measurement of specific vitamins in the blood to appraise nutritional status and to administer appropriate interventions. For example, a report published by the Food and Agriculture Organization, a non-profit organization based in Italy, in July 2023, indicated that the prevalence of undernourishment, defined as the percentage of the population whose dietary energy intake doesn't fulfill minimum energy requirements needed for maintaining a healthy and active life, affected approximately 9.2% of the world population in 2022, marking an increase from 7.9% in 2021. Moreover, the incidence in Africa escalated by 0.3 percentage points, rising from 19.4% in 2021 to 19.7% in 2022. Thus, the surging prevalence of nutritional deficiencies will act as a catalyst for the growth of the vitamin biomarkers market.
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How Is the Vitamin Biomarkers Market Segmented?
The vitamin biomarkers market covered in this report is segmented -
1) By Biomarker Type: Serum Retinol (Vitamin A), Ascorbic Acid (Vitamin C), Serum 25(OH)D (Vitamin D), Serum Alpha-tocopherol (Vitamin E), Serum Prothrombin (Vitamin K), Serum Thiamine Diphosphate (Vitamin B1), Serum Glycolate (Vitamin B2), Serum Niacin (Vitamin B3), Serum Plasma PLP (Vitamin B6), Other Biomarker Types
2) By Product: Analyzers, Test Kits, Reagents And Consumables
3) By Testing Method: Enzyme Linked Immunosorbent Assay (ELISA), Liquid Chromatography With Tandem Mass Spectrometry (LC MS MS), High Performance Liquid Chromatography (HPLC), Chemiluminescent Immunoassay (CLIA)
4) By End User: Hospitals, Diagnostic Laboratories, Ambulatory Diagnostic Centers, Homecare Settings
Subsegments:
1) By Serum Retinol (Vitamin A): Retinol Measurement Kits, Retinol Assay Reagents
2) By Ascorbic Acid (Vitamin C): Vitamin C Detection Kits, Ascorbic Acid Assay Reagents
3) By Serum 25(OH)D (Vitamin D): Vitamin D Testing Kits, 25-Hydroxyvitamin D Assay Reagents
4) By Serum Alpha-tocopherol (Vitamin E): Alpha-tocopherol Measurement Kits, Vitamin E Assay Reagents
5) By Serum Prothrombin (Vitamin K): Prothrombin Time Testing Kits, Vitamin K Assay Reagents
6) By Serum Thiamine Diphosphate (Vitamin B1): Thiamine Measurement Kits, Vitamin B1 Assay Reagents
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Which Companies Are Leading the Charge in Vitamin Biomarkers Market Innovation?
Major companies operating in the vitamin biomarkers market are Thermo Fisher Scientific Inc., Abbott Laboratories, Merck KGaA, Siemens Healthineers AG, Roche Diagnostics International Ltd., Agilent Technologies Inc, PerkinElmer Inc, bioMérieux SA, Beckman Coulter Inc, Shimadzu Corporation, QuidelOrtho Corporation, Sysmex Corporation, Waters Corporation, Bio-Rad Laboratories Inc, Tecan Group Ltd, Randox Laboratories Ltd, Ortho Clinical Diagnostics Inc, Molecular Devices LLC, Cambridge Isotope Laboratories Inc, Luminex Corporation, DiaSorin SpA, Analytik Jena AG, SeraCare Life Sciences Inc, Biopanda Reagents Ltd, SiPhox Inc
Which Regions Are Leading the Global Vitamin Biomarkers Market in Revenue?
North America was the largest region in the vitamin biomarkers market in 2024. The regions covered in the vitamin biomarkers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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