This report provides exclusive insights into the COVID-19 impact on the Vitamin D Testing Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the Vitamin D Testing Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of Vitamin D Testing Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by
Infinium Global Research on the vitamin D testing market provides an in-depth analysis
of segments and sub-segments in the global as well as regional vitamin D
testing market. The study also highlights the impact of drivers, restraints,
and macro indicators on the global and regional vitamin D testing market over
the short term as well as long term. The report is a comprehensive presentation
of trends, forecast and dollar values of the global vitamin D testing market.
According to the report, the global vitamin D testing market is projected to
grow at a CAGR of 4.25% over the forecast period of 2019-2025.
Vitamin D testing is advised for
the people who are in a long term in a care facility if people are suffering
from vitamin D deficiency and past history of the low-trauma fracture, low
blood calcium or phosphate. The test which is used to measure accurately the concentration of vitamin D in our body is a 25-hydroxy vitamin D blood test.
For the healthy person, the level of 20 nanograms/milliliter to 50 ng/mL is
considered as suitable while less as 12 ng/mL indicates vitamin D deficiency.
Abnormal levels of vitamin D indicates bone disorders, nutrition problems,
organ damage, or other medical conditions. On 22 Dec 2019, researchers at Curtin
University tested the cells of 300 women undergoing fertility treatment. They
have found that those, who lacked sufficient level of vitamin-D, were much less
likely to develop a mature embryo; while those who had a sufficient level of
vitamin-D, were 3.5-times more likely to develop a mature embryo. Thereby,
Vitamin D is necessary for the development of the mature embryo of women.
The rising prevalence of vitamin D
deficiency owing to low intake of healthy food, changing lifestyle and poor
absorption of nutrients are contributing to the growth of the vitamin D testing
market. In addition, a high risk of developing vitamin deficiency includes
pregnant & breastfeeding, children under 5 years of age. Growing investment
and awareness by the government as well as by the private organization drives
the growth of the market. Approval and commercialization of the new test are
other factors enhancing the market. The growing advancement in the trend of
vitamin D testing such as point of care testing which helps to gives a result
within few minutes boosts the market. However, the decline rate of
reimbursement and stringent government regulations associated with the sales of
vitamin D deficiency is anticipated to hinder the growth of the market. The
cost-efficient vitamin D deficiency test is anticipated to create new
opportunities in this market. The measurement of 25-hydroxy vitamin D is not
always accurate and precise which can be one of the challenges in the market.
Geographically, North America
accounts for the highest share of the market due to the availability of several
commercialized products in this region as well as the presence of the major
players. Asia Pacific is expected to hold the highest CAGR in the forecast
period due to the increasing investment in healthcare as well as the
commercialization of the test in Japan and China.
The report on the global vitamin D
testing market covers segments such as test type, application, and end-user. On
the basis of test type, the sub-markets include 25(OH) D testing, 1,
25-dihydroxy vitamin D testing, and 24, 25-dihydroxy vitamin D testing. On the
basis of application, the sub-markets include clinical testing, research
testing, and other application. On the basis of end-user, the sub-markets
include hospital, clinics, diagnostic laboratories, and other end-user.
The report provides profiles of
the companies in the market such as Abbott Laboratories, Siemens Corporation,
F. Hoffmann-La Roche Ltd, Danaher Corporation, Quest Diagnostics, Inc.,
BioMérieux SA, DiaSorin S.p.A.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the vitamin D testing market. Moreover, the study highlights the current
market trends and provides forecast from 2019-2025. We also have highlighted
future trends in the market that will affect the demand during the forecast
period. Moreover, the competitive analysis given in each regional market brings
an insight into the market share of the leading players.