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Vitamin D Testing Market Share

Report ID: GMI6105
Published Date: Jun 2023
Report Format: PDF

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Vitamin D Testing Market Share

The global vitamin D market is competitive in nature, with major organization and local regional players further consolidating the industry competition. The leading market participants held considerable market share owing to wide product portfolio, brand recognition, strong financial revenue, and quality product offerings. The major players include

DiaSorin S.p.A.
F. Hoffmann-La Roche Ltd
Bio-Rad Laboratories
Quest Diagnostics Incorporated
Abbott Laboratories
Thermo Fisher Scientific Inc.

These companies adopted several strategies including partnerships, new product launches, mergers, and acquisitions, etc. to stay ahead in the market.

Authors: Mariam Faizullabhoy , Shishanka Wangnoo

Frequently Asked Questions (FAQ) :

Market size for vitamin D testing exceeded USD 784.6 million in 2023 and will reach around USD 1.39 billion by the end of 2032 due to the rapidly expanding aging population worldwide.

Vitamin D testing market size from diagnostic laboratories is anticipated to record over USD 663 million by 2032 owing to the presence of specialized instruments and technology in these settings.

Vitamin D testing industry size from the point-of-care test type segment will witness 7.8% from 2023-2032 driven by the surging need for convenience, accessibility, and rapid results.

North America market size for vitamin D testing reached USD 239 million in 2022 and is expected to expand exponentially through 2032 driven by the rising lifestyle changes, indoor occupations, and increased use of sunscreen contribute to reduced sun exposure.