This market research information segments the vitamin D testing market in the US by application and includes sectors like 25-Hydroxy vitamin D tests and 1,25-Dihydroxy vitamin D test. It also analyzes the key trends, challenges, and trends that influence market growth. Leading vendors analyzed in this market study are Roche Diagnostics, Abbott Diagnostics, Siemens Healthcare Diagnostics, Biomeriux, Diasorin, and Quest Diagnostics.
Technavio has released its new market research report, vitamin D testing market in the US, which is expected to grow at a CAGR of 4% between 2015 and 2019. The prospect for growth in this market is dependent on factors like the high incidence of vitamin D deficiency among the populace in this region.
“Of late, the vendors in the market are coming up with low-cost vitamin D tests, owing to the high out-of-pocket expenditure involved in performing the vitamin D testing. The vendors are introducing new tests, which are low costs and convenient for people. For instance, various companies like Theranos, Cue, Nanospeed, and Nutriphone are offering these advanced tests. Though most of these tests are waiting for FDA approval and commercialization, they are expected to enter the market soon because of their speedy results,” says Brahadeesh Chandrasekaran.
The prevention of various acute and chronic diseases is the key driver for the growth of this market. Vitamin D deficiency can lead to various chronic diseases like rickets and osteoporosis, and can also result in cardiovascular diseases, cancer, asthma in infants, cognitive disorders, and autoimmune diseases. The incidence of these diseases can be reduced by frequently testing the vitamin D levels, which in turn would help to reduce the overall healthcare expenditure.
The key players in the vitamin D testing market in the US include Roche Diagnostics, Abbott Diagnostics, Siemens Healthcare Diagnostics, Biomeriux, Diasorin, and Quest Diagnostics. This market is highly competitive and consists of vendors that focus on test development and research. These vendors compete on the basis of price, quality, and breadth of product line, technology, and distribution capabilities to gain maximum prominence in the market.
A more detailed analysis is available in the Technavio report Vitamin D Testing Market in the US 2015-2019.
We can customize this reports by other regions and specific segments upon request.
Other related reports:
- Global Vitamin B-complex Ingredients Market 2015-2019
- Global Vitamin D Testing Market 2015-2019
- Global Vitamin Ingredients Market 2015-2019
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