NEW
YORK, June 25, 2024 /PRNewswire/ -- The
global vitamin D testing market size is estimated
to grow by USD 182.6 million from
2024-2028, according to Technavio. The market is estimated to grow
at a CAGR of over 4.96% during the forecast period.
The vitamin D testing market is basking in the sun, fueled by
growing awareness of this essential nutrient's role in health. This
awareness is particularly strong regarding its importance for
immunity and bone health.
For more insights on driver and challenges - Download
a Sample Report
Several factors are driving this sunny outlook:
- Rising awareness: People are increasingly recognizing
the importance of vitamin D for a healthy immune system and strong
bones. This is leading to more proactive testing, especially for
at-risk groups like the elderly and those with limited sun
exposure.
- Chronic disease connection: Vitamin D deficiency is
linked to various chronic diseases, including osteoporosis,
autoimmune diseases, and even certain infections. As the prevalence
of these conditions rises, so does the demand for testing.
- Improved testing options: Advancements in testing
technology are making vitamin D testing more accessible and
affordable. This is leading to wider adoption by both individuals
and healthcare providers.
However, some clouds loom on the horizon:
- Product recalls: Recalls of vitamin D tests, such as the
one involving Roche's Elecsys Vitamin D total II, can shake
consumer confidence and disrupt market growth.
- Testing challenges: Ensuring accurate and consistent
test results across different labs and methods remains a challenge.
Additionally, timely testing and treatment are crucial to avoid
complications from deficiencies.
- Cost and accessibility: For some individuals, the
cost of testing or lack of insurance coverage may be a
barrier.
Looking ahead, the vitamin D testing market needs to address
these challenges to reach its full potential. Standardization of
testing protocols and ensuring affordability and accessibility will
be key to sustained growth.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Product
-
- 25-hydroxyvitamin D Testing
- 1 25-dihydroxyvitamin D Testing
- End-user
-
- Diagnostic Laboratories
- Hospitals And Physician Clinics
- Home Care Settings
- Geography
-
- North America
- Europe
- Asia
- Rest Of World (ROW)
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
View original content to download
multimedia:https://www.prnewswire.com/news-releases/vitamin-d-testing-market-size-is-set-to-grow-by-usd-182-6-million-from-2024-2028--growing-awareness-of-importance-of-vitamin-d-to-health-and-immunity-to-boost-the-market-growth-technavio-302181347.html
SOURCE Technavio