Vitamin D Testing Market – Drivers and Forecasts by Technavio – Business Wire (press release)

LONDON–(BUSINESS WIRE)–Technavio
analysts forecast the global
vitamin D testing market
to grow at a CAGR of around 5%
during the forecast period, according to their latest report.

The research study covers the present scenario and growth prospects of
the global vitamin
D testing
market for 2017-2021. Vitamin D testing
market includes 25-Hydroxy vitamin D test and 1,25-Dihydroxy vitamin D
test. These determine the proportion of vitamin D in the blood and serum.

25-Hydroxy vitamin D, which is also known as Calcifediol, is produced
in the kidney from hydroxylation of vitamin D3. In vitamin D testing, it
works as a biomarker, which helps to identify the bone health-related
status. Similarly, Calcitriol, which is also known as
1,25-dihydroxycholecalciferol or 1,25-Dihydroxy vitamin D3, is produced
in the nephrons of the kidneys.

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Technavio analysts highlight the following three factors that are
contributing to the growth of the global vitamin D testing market:

Increase in number of vitamin D deficiency disorders

Vitamin D is associated with major health disorders such as diabetes,
kidney disorder, cancer, nutritional rickets, obesity, heart disease,
and orthopedic issue. Worldwide, there is an increase in the number of
obesity and diabetes cases. According to OECD, in 2014, 18% of the total
adult population and children were obese, especially in countries such
as Mexico, New Zealand, the US, Canada, Chile, Australia, and England.

The incidence of obesity and diabetes leads to heart disease, which is a
leading cause of death in many countries. Vitamin D has a critical role
in calcium metabolism. Therefore, its deficiency leads to bone
tenderness, calcium shortage, bone fracture, and back pain.

M&A of hospitals and diagnostic laboratories for better healthcare
model

Srinivas Sashidhar, a lead in-vitro
diagnostics
research analyst at Technavio, says, “The growing
acquisition and collaboration of hospitals drive the growth of the
global vitamin D testing market. As large hospitals continue to acquire
or merge with medium and small hospitals, the quality of the laboratory
tests performed in these hospital labs will enhance due to the increase
in the number of skilled professionals
.”

The M&A of larger hospitals helps the labs with more capital investment
and advanced technological infrastructure. With the increasing number of
M&A and a large number of insured people, the number of patients
undergoing treatment is rising, which, in turn, increases the number of
clinical tests.

Increasing partnership and collaboration activities

The global vitamin D testing market is saturated with the presence of
many vendors. So, it becomes necessary to maintain the market share in a
competitive environment. Therefore, strategic alliance, such as
partnership agreement, sales agreement, or distributions agreement, is
crucial for surviving in the market.

The collaboration between small and medium-sized clinical diagnostic
laboratories with government and large hospitals helps them to sustain
in the market and also increases the number of procedures conducted. It
also assists in advancing laboratory technologies and increasing market
investments
,” says Srinivas.

Top vendors:

  • F. Hoffmann-La Roche
  • Abbott
  • Siemens Healthineers

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About Technavio

Technavio
is a leading global technology research and advisory company. The
company develops over 2000 pieces of research every year, covering more
than 500 technologies across 80 countries. Technavio has about 300
analysts globally who specialize in customized consulting and business
research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research
techniques to ascertain the size and vendor landscape in a range of
markets. Analysts obtain information using a combination of bottom-up
and top-down approaches, besides using in-house market modeling tools
and proprietary databases. 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.

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