Market Size of Vitamin D Testing Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 5.10 % |
Fastest Growing Market | Asia-Pacific |
Largest Market | North America |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
Vitamin D Testing Market Analysis
The Vitamin D Testing Market is expected to register a CAGR of 5.1% over the forecast period.
The COVID-19 pandemicmoderately impacted the Vitamin D Testing Market in 2020. Stringent lockdown scenarios at home restrictions, postponement of elective procedures, and other restrictions implied by the government during the pandemic resulted in difficulties while accessing healthcare facilities. This subsequently delayed the routing testing procedures, including the vitamin D test. For instance, in a study, 'The Impact of COVID-19 on Laboratory Test Utilization at a Pediatric Medical Center', published by the National Center for Biotechnology Information (NCBI) in September 2022, it was reported that an estimated 84% decrease in lab tests was observed during the pandemic. This was primarily owing to a surge in the lab test volume for the SARS-COV-2 virus, which dramatically offset the diagnostic testing volume for other indications, including the test for vitamin D level.
However, the increasing prevalence of several vitamin D deficiency-associated diseases such as osteoporosis, hair loss, excessive fatigue, and others are augmenting the demand for diagnostic testing of vitamin D. For instance, according to an article published by Informa UK Limited in January 2022, it was reported that globally 8.9 million fractures were reported in each year due to osteoporosis. Also, according to a study published by Harley Street Hair Transplant Clinics in November 2022, it was reported that 15.4 million people in the United Kingdom are suffering from hair loss. These associated disorders are increasing the demand to detect vitamin D levels in the body. This, in turn, is increasing the demand for several vitamin D testing kits globally and fostering the market's growth.
Along with this, the introduction of advanced products for rapid testing and the adoption of several growth strategies adopted by the key players are rising the adoption rate of vitamin D test kits among the common people. For instance, in November 2022, 2San introduced vitamin D rapid test kits for home testing, which offer results within 10 minutes. 2San is one of the leading global manufacturers and distributors of best-in-class medical devices, kits, and infection control systems across the globe. The company has a robust supply chain network in the United Kingdom, Australia, the United States, Canada, and others. Also, in January 2022, MediSure Canada, a subsidiary of Empower Clinics Inc., a telemedicine and medical device company, received the commercialization right from Health Canada for Medisure Vitamin D Rapid Test. This helped the company to cater to the rising demand for vitamin D rapid test kits during the study period. This is augmenting the preference for home test kits and subsequently resulting in the higher adoption of vitamin D tests.
Along with this, rising initiatives for awareness of vitamin D deficiency by the government and private organization is increasing the knowledge of the nutritious value of vitamin D among common people, which in turn increase the rate of vitamin D testing procedures. For instance, in January 2022, Horlicks Women's Plus partnered with Apollo Clinic to improve bone health awareness among women. In this awareness campaign, they offered free vitamin D tests for women of age group 30 years across Apollo clinics in Chennai, India. Also, the government of England arranged a conference in May 2022 to seek views on improving vitamin D levels among the England population. The main objective of this conference call was to improve population awareness of vitamin D, improving vitamin D levels through diet and dietary supplements. This is alternatively surging the demand and adoption of vitamin D tests among the general population and resulting in the market's overall growth.
Therefore, the aforementioned factors have been instrumental in the substantial growth of the market during the study period. However, certain distinct advantages, including false detection of vitamin D level in the body due to lack of validation of the testing kits, is anticipated to hinder the market growth.
Vitamin D Testing Industry Segmentation
As per the scope of the report, the Vitamin D Test assists in detecting the vitamin D level in the human body.
The Vitamin D Testing Market is segmented by Test Type (25-Hydroxy Vitamin D Test, and 1,25 Dihydroxy Vitamin D Test), End-User (Hospitals & Clinics, Diagnostics Labs, and Others), and Geography (North America, Europe, Asia-Pacific, Middle East, and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions, worldwide. The report offers the value (USD million) for the above segments.
By Test Type | |
25-Hydroxy Vitamin D Test | |
1,25 Dihydroxy Vitamin D Test |
By End-User | |
Hospitals & Clinics | |
Diagnostics Labs | |
Other End-Users |
Geography | ||||||||
| ||||||||
| ||||||||
| ||||||||
| ||||||||
|
Vitamin D Testing Market Size Summary
The Vitamin D Testing Market is poised for steady growth, driven by the increasing prevalence of vitamin D deficiency-related health issues such as osteoporosis and hair loss. The market experienced a moderate impact due to the COVID-19 pandemic, which led to a temporary decline in testing procedures as healthcare facilities faced restrictions. However, the demand for vitamin D testing has been bolstered by the introduction of advanced rapid testing products and the growing awareness of vitamin D's nutritional value. Companies like 2San and MediSure Canada have played a significant role in this growth by offering home testing kits that provide quick results, thereby enhancing the accessibility and adoption of vitamin D tests. Government and private sector initiatives, such as awareness campaigns and free testing programs, have further contributed to the market's expansion by educating the public about the importance of maintaining adequate vitamin D levels.
The market is characterized by a consolidated landscape with major players like F. Hoffmann-La Roche Ltd, DiaSorin S.p.A., and Thermo Fisher Scientific Inc. dominating the scene. The 25-hydroxy vitamin D test is particularly favored due to its accuracy and longer shelf life compared to other testing methods. North America is expected to lead the market, supported by a high prevalence of vitamin D deficiency and favorable regulatory conditions for test kit approvals. Awareness campaigns and favorable reimbursement policies in the region are expected to further drive the adoption of vitamin D testing. The market's growth is also supported by the availability of a wide range of testing products and the increasing recognition of the health benefits associated with adequate vitamin D levels.
Vitamin D Testing Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Overview
-
1.2 Market Drivers
-
1.2.1 Growing Prevalence of Vitamin D Deficiency Diseases
-
1.2.2 Technological Advancement in the Vitamin D Testing Devices
-
1.2.3 Rising Awareness by the For Profit and Non-Profit Organisation for Vitamind D Deficiency
-
-
1.3 Market Restraints
-
1.3.1 High Cost Associated with Vitamin D Testing
-
-
1.4 Porter's Five Forces Analysis
-
1.4.1 Threat of New Entrants
-
1.4.2 Bargaining Power of Buyers/Consumers
-
1.4.3 Bargaining Power of Suppliers
-
1.4.4 Threat of Substitute Products
-
1.4.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION (Market Size by Value - USD million)
-
2.1 By Test Type
-
2.1.1 25-Hydroxy Vitamin D Test
-
2.1.2 1,25 Dihydroxy Vitamin D Test
-
-
2.2 By End-User
-
2.2.1 Hospitals & Clinics
-
2.2.2 Diagnostics Labs
-
2.2.3 Other End-Users
-
-
2.3 Geography
-
2.3.1 North America
-
2.3.1.1 United States
-
2.3.1.2 Canada
-
2.3.1.3 Mexico
-
-
2.3.2 Europe
-
2.3.2.1 Germany
-
2.3.2.2 United Kingdom
-
2.3.2.3 France
-
2.3.2.4 Italy
-
2.3.2.5 Spain
-
2.3.2.6 Rest of Europe
-
-
2.3.3 Asia-Pacific
-
2.3.3.1 China
-
2.3.3.2 Japan
-
2.3.3.3 India
-
2.3.3.4 Australia
-
2.3.3.5 South Korea
-
2.3.3.6 Rest of Asia-Pacific
-
-
2.3.4 Middle-East and Africa
-
2.3.4.1 GCC
-
2.3.4.2 South Africa
-
2.3.4.3 Rest of Middle East and Africa
-
-
2.3.5 South America
-
2.3.5.1 Brazil
-
2.3.5.2 Argentina
-
2.3.5.3 Rest of South America
-
-
-
Vitamin D Testing Market Size FAQs
What is the current Vitamin D Testing Market size?
The Vitamin D Testing Market is projected to register a CAGR of 5.10% during the forecast period (2024-2029)
Who are the key players in Vitamin D Testing Market?
F. Hoffmann-La Roche Ltd., DiaSorin S.p.A., Abbott, Siemens Healthcare GmbH and Thermo Fisher Scientific Inc. are the major companies operating in the Vitamin D Testing Market.