Vitamin B Test Market Report: Trends, Forecast and Competitive Analysis to 2030

Vitamin B Test Trends and Forecast

The future of the global vitamin B test market looks promising with opportunities in the hospital, clinic, homecare setting, and diagnostic center markets. The global vitamin B test market is expected to reach an estimated $592.7 million by 2030 with a CAGR of 5.7% from 2024 to 2030. The major drivers for this market are increasing prevalence of vitamin B deficiencies, rising interest in personalized health, and growing adoption of digital healthcare platform.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Vitamin B Test by Segment

The study includes a forecast for the global vitamin B test by product type, application, end use, and region.

Vitamin B Test Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:

• Vitamin B12
• Folic Acid (Vitamin B9) Test
• Others

Vitamin B Test Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• ELISA
• High-Performance Liquid Chromatography
• Lateral Flow Assay
• Others

Vitamin B Test Market by End Use [Shipment Analysis by Value from 2018 to 2030]:

• Hospitals
• Clinics
• Homecare Settings
• Diagnostic Centers
• Others

Vitamin B Test Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Vitamin B Test Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies vitamin B test companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the vitamin B test companies profiled in this report include-

• ALPCO
• Biohit Oyj
• Boditech Med
• EUROIMMUN Medizinische Labordiagnostika
• Fujirebio
• OptiBio
• Getein Biotech
• EagleBio
• Everlywell
• LifeSpan BioSciences

Vitamin B Test Market Insights

Lucintel forecasts that ELISA will remain the largest segment over the forecast period due to its straightforward process, excellent sensitivity, specificity, and efficiency.

Within this market, diagnostic center is expected to witness the highest growth due to growing number of diagnostic tests performed in labs across the globe.

North America is expected to witness the highest growth over the forecast period.

Features of the Global Vitamin B Test Market

Market Size Estimates: Vitamin B test market size estimation in terms of value ($M).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Vitamin B test market size by product type, application, end use, and region in terms of value ($M).

Regional Analysis: Vitamin B test market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different product types, applications, end uses, and regions for the vitamin B test market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the vitamin B test market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the vitamin B test market size?

Answer: The global vitamin B test market is expected to reach an estimated $592.7 million by 2030.

Q2. What is the growth forecast for vitamin B test market?

Answer: The global vitamin B test market is expected to grow with a CAGR of 5.7% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the vitamin B test market?

Answer: The major drivers for this market are increasing prevalence of vitamin B deficiencies, rising interest in personalized health, and growing adoption of digital healthcare platform.

Q4. What are the major segments for vitamin B test market?

Answer: The future of the vitamin B test market looks promising with opportunities in the hospital, clinic, homecare setting, and diagnostic center markets.

Q5. Who are the key vitamin B test market companies?

Answer: Some of the key vitamin B test companies are as follows:

• ALPCO
• Biohit Oyj
• Boditech Med
• EUROIMMUN Medizinische Labordiagnostika
• Fujirebio
• OptiBio
• Getein Biotech
• EagleBio
• Everlywell
• LifeSpan BioSciences

Q6. Which vitamin B test market segment will be the largest in future?

Answer: Lucintel forecasts that ELISA will remain the largest segment over the forecast period due to its straightforward process, excellent sensitivity, specificity, and efficiency.

Q7. In vitamin B test market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness the highest growth over the forecast period.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the vitamin B test market by product type (vitamin B12, folic acid (vitamin B9) test, and others), application (ELISA, high-performance liquid chromatography, lateral flow assay, and others), end use (hospitals, clinics, homecare settings, diagnostic centers, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?