- Key Geographies include Americas: 55.7 percent, EMEA:31.4 percent, APAC: 12.9 percent
The Global Vitamin D Testing Market will be growing 32.36 percent year-on-year according to the independent London-based research firm TechNavio. The findings are for the forecast period 2014-2018.
There are several factors driving the growth of the Global Vitamin D Testing market. One of the key drivers is the increasing aging and chronically ill populations worldwide. Due to the changes in lifestyle and food habits, the majority of the population is prone to several diseases. This is leading to increasing demand for various diagnostic procedures, including vitamin D testing. Presently, vitamin D deficiency is associated with several diseases such as cancer, diabetes, heart attack, and depression. Another important driver is the increasing consumer awareness about vitamin D deficiency and testing.
In spite of this, the Global Vitamin D Testing market is facing some unique challenges. One of the main challenges in the market is the stringent regulatory approval process for vitamin D testing devices, thus leading to delayed approval of devices. Another key challenge is the increase in product recalls, which is negatively affecting the companies’ image. As a result, the market is witnessing several interesting trends such as saliva-based testing, a new technique that could influence the market significantly. Overall, the combined effect of these trends and drivers is driving the growth of the Global Vitamin D Testing market, and the market will be witnessing steady growth during the forecast period.
To determine the scenario for these vendors in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of drivers, challenges, and trends of this market featuring data on product segmentations, vendor shares, growth rate by revenue, and an evaluation of the different buying criteria in order of importance.
If you are interested in more information on this topic and our upcoming research on Global Vitamin D Testing Market 2014-2018, please send an e-mail to media@technavio.com
About TechNavio
TechNavio is a leading technology research and advisory company with a global coverage. We focus on emerging technology trends that can shape the market. We identify and explain these trends to our customers to help them take better decisions.
TechNavio models the trends using a mix of quantitative and qualitative tools in its proprietary research methodologies. We build forecasts across market segments and geographies based on the trends identified. These forecasts and analysis are used to help our customers identify new and existing opportunities in their markets. We also help customers assess their competitive position in a changing market scenario.
TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape of Global Vitamin D Testing Market. Our analysts obtain the information using a combination of the bottom-up and top-down approaches, besides using in-house market modeling tools. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
Decision makers and influencers in sales & marketing, strategy, product and R&D teams rely on research from TechNavio. We have a large and growing base of happy customers worldwide. Our customers include technology suppliers, end users, consulting companies, investment firms and research institutes.
Founded in 2003, TechNavio has about 200 analysts globally. We cover more than 500 technologies across 80 countries. Our analysts are closely monitoring the market every day by talking to all the industry participants. We have proprietary databases that provide us with a complete perspective of the market. TechNavio develops over 2000 pieces of research deliverables every year.
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