Global Vitamin test Market Research Report, by Type (Vitamin B12, Carotene, Folic Acid Test), Technology (high-performance liquid chromatography), End-User (Hospitals and Clinics, Ambulatory Surgical Centre, Diagnostic Centre) – Global Forecast Till 2027
The global vitamin testing market is expected to witness tremendous growth during the forecast period at a CAGR of ~9.2%. There are 13 types of different vitamins namely Vitamin A, vitamin B (thiamine, riboflavin, niacin, pantothenic acid, biotin, vitamin B-6, vitamin B-12 and folate), vitamin C, D, E and K. Vitamins are micronutrients which are required in sufficient quantities for normal cell function, growth and development. For instance, deficiency of vitamin C, folate and vitamin B-12 may lead to anaemia.
According to the American Society of Hematology in 2014, 29% pregnant women, 38% nonpregnant women, and 43% children were anemic globally. The key factor responsible for influencing this market is the increasing prevalence of vitamin deficiency. vitamin deficiency is also caused due to lifestyle factors such as smoking tobacco, alcohol consumption, and others. Other key factors such as change to sedentary lifestyle, growing awareness among the population for vitamin tests, rising geriatric population, technological advancements in laboratories for clinical testing and increasing prevalence of chronic diseases like cancer or chronic kidney disease are contributing towards the growth of the market.
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Some of the key players in the global Vitamin test market are VitaMe Technologies Inc., R-Biopharm AG, Abbott Laboratories, ImmunoDiagnostics Inc., F. Hoffman-La Roche, Siemens AG, Diazyme Laboratories, DiaSorin S.p.A, ORGENTEC Diagnostika GmbH and others.
The global Vitamin test market is segmented on the basis of type, technology, and end-user. the vitamin test market, by type, is categorized into vitamin B12 & folic acid test,folic acid (folate) test , carotene (beta carotene) test, vitamin K1 test, vitamin E test, vitamin d 25-dihydroxy (calcitriol) test, vitamin C test, vitamin B12 test, vitamin B6 test, vitamin B5 test, vitamin B3 (niacin) test, vitamin B2 (riboflavin) test, vitamin a (retinol) test, vitamin B1 test. On the basis of Technology, the market is segmented into high-performance liquid chromatography (HPLC), radioimmunoassay, ELISA tests, chemiluminescent immunoassay (CLIA)and liquid chromatography-tandem mass spectrometry. On the basis of end-user, the market is segmented into hospitals and clinics, ambulatory surgical centers, diagnostic centers, research centers, and others.
The Americas is the largest in the market owing to the increasing prevalence of vitamin deficiency and growing healthcare expenditure. According to the The United States Department of Agriculture in 2014, 50% of Americans are deficient in vitamin A, vitamin C, and magnesium. Such a high incidence of vitamin deficiency drives market growth in this region.
Europe (UK, Belgium, France, and Netherlands) is the second largest vitamin test market during the forecast period. The increasing in awareness for vitamins and vitamin testing drives the market in this region. The European Laboratory of Nutrients (ELN) is an advanced laboratory for testing the nutrient levels in European population. Every year European Laboratory of Nutrients (ELN) organizes an international symposium titled ‘Advanced Clinical Nutrition – Nutrients for Prevention and Cure of Disease’. Thus enhancing vitamin testing market in this region.
The Middle East and Africa accounts for the least share due to low per capita income and lack of availability of well-trained healthcare professionals. However, the rising healthcare services both at the hospital level and in the community are expected to influence the market in a positive way.
TABLE OF CONTENT
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.2 Scope Of The Study
2.2.1 Research Objective
Chapter 3. Research Methodology
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
Chapter 4. Market Dynamics
4.5 Macroeconomic Indicators
4.6 Technology Trends & Assessment
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