This industry research report outlines the market size and forecast of the vitamin D testing market in Europe and segmentation based on application, including 25-hydroxy vitamin D test and 1, 25-dihydroxy vitamin D test. The report discusses the major drivers and trends influencing the growth of the market, as well as a detailed analysis of the top vendors operating in the market, including Abbott Diagnostics, bioMérieux, DiaSorin, Fujirebio Diagnostics, Roche Diagnostics, and Siemens Healthcare.
Technavio has released updated information on the vitamin testing market, with the publication of its new market research report, vitamin D testing market in Europe. The vitamin D testing market in Europe is expected to grow at a CAGR of 5% between 2015 and 2019. Vitamin D testing market in Europe is unpenetrated and has a high potential since the market has a large patient pool. Vendors are constantly investing in R&D and innovating vitamin D testing devices, and assays and kits that will provide an accurate result at low cost.
“The European vitamin D testing market is witnessing increased adoption of home based vitamin D testing kits. The low cost of vitamin D testing has encouraged patients to go for this method, which is growing at a rapid pace. Also, these home-based tests can be ordered online and are also offered by several companies and NGOs in Europe. City Assays is an example of one such company, which provides home based vitamin D tests kits to the European population,” says Brahadeesh Chandrasekaran, Lead Analyst, Healthcare & Lifesciences, Technavio Research.
Growing vitamin D deficiency will lead to various acute and chronic diseases such as cancer and asthma if not detected at an early stage and can be fatal for a patient. Thus, prevention of these fatal diseases is considered one of the major drivers contributing to the growth of the vitamin D testing market in Europe.
The key vendors in the vitamin D testing market in Europe include Abbott Diagnostics, bioMérieux, DiaSorin, Fujirebio Diagnostics, Roche Diagnostics, and Siemens Healthcare. The market appears attractive from the vendors’ perspective as a major part of the market is untapped. Therefore, there is robust competition among the vendors to develop products with high accuracy and efficiency through constant investment in R&D and innovation in the market.
A more detailed analysis is available in the Technavio report, Vitamin D Testing Market in Europe 2015-2019.
We can customize this reports by other regions and specific segments upon request.
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