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What Major Innovations Are Driving the Accelerated Growth of the Vitamin Biomarkers Market?

The vitamin biomarkers market has high growth potential due to the rising instances of nutrition deficiencies. These deficiencies, caused by poor dietary practices, limited access to varied food and socio-economic issues, lead to a lack of essential nutrients in one’s diet and result in harmful health effects. Vitamin biomarkers play a crucial role in diagnosing these deficiencies as they measure the precise vitamins in the blood to evaluate nutritional status and inform the necessary interventions. For example, data released in July 2023 by the Food and Agriculture Organization, an Italy-based non-profit organization, revealed that undernourishment prevalence negatively affected approximately 9.2% of the global population in 2022, marking an increase from 7.9% in 2021. In Africa, prevalence rose by 0.3 percentage points from 19.4% in 2021 to 19.7% in 2022. This surge in nutrition deficiencies is expected to boost the vitamin biomarkers market. Moreover, the Vitamin Biomarkers market anticipates substantial growth due to a rising emphasis on personalized medicine. This treatment approach tailors the medical treatment and healthcare strategies to fit each patient’s unique traits, genetic susceptibilities, and requirements. Advances in the fields of genomics, biotechnology and data analytics have paved the way for personalized medicine. It allows for the treatments to be personalized based on an individual’s genetic profile and other health information. Vitamin biomarkers contribute to this by giving insights into a person’s nutritional status and metabolic operations, thus assisting in personalized treatment plans to enhance health outcomes. In fact, the Personalized Medicine Coalition, a non-profit organization based in the U.S, reported in February 2024 that 16 new personalized treatments for patients with rare diseases were approved by the FDA in 2023, a jump from six in 2022. Along with these, seven cancer drugs and three treatments for other diseases and conditions were also approved. Consequently, the growing focus on personalized medicine is bolstering the growth of the vitamin biomarkers market.

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What is the Predicted Annual Growth Rate of theVitamin Biomarkers Market Impact Industry Trends by 2034?

There has been a rapid expansion in the size of the vitamin biomarkers market in recent years. It is forecasted that the market will expand from a size of $3.59 billion in 2024 to a size of $4.06 billion in 2025, representing a compound annual growth rate (CAGR) of 13.1%. Factors that contributed to this growth in the historical period include enhanced awareness of vitamin deficiencies, a rise in chronic diseases, heightened demand for custom nutrition, a boost in nutritional biomarker research, and an increasing aging population.

In the forthcoming years, the vitamin biomarkers market is projected to witness a significant escalation in its size. It is estimated to reach $6.56 billion in 2029, with a compound annual growth rate (CAGR) of 12.7%. The expansion during the projected period is attributable to the increasing acceptance of digital health solutions, heightened focus on early disease diagnostics, rising market for home-based test kits, growing healthcare spending and an elevated consumer interest in health and wellness. The forecast period will be characterized by major trends such as the integration of wearable health technology, the creation of multi-biomarker panels, advancements in high-throughput screening techniques, the development of novel tests based on biomarkers, and improved digital and remote health supervision.

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What Are the Top Market Players Propelling the Growth of theVitamin Biomarkers Industry?

Major companies operating in the vitamin biomarkers market are Thermo Fisher Scientific Inc., Abbott Laboratories, Merck KGaA, Siemens Healthineers AG, Roche Diagnostics International Ltd., Agilent Technologies Inc, PerkinElmer Inc, bioMérieux SA, Beckman Coulter Inc, Shimadzu Corporation, QuidelOrtho Corporation, Sysmex Corporation, Waters Corporation, Bio-Rad Laboratories Inc, Tecan Group Ltd, Randox Laboratories Ltd, Ortho Clinical Diagnostics Inc, Molecular Devices LLC, Cambridge Isotope Laboratories Inc, Luminex Corporation, DiaSorin SpA, Analytik Jena AG, SeraCare Life Sciences Inc, Biopanda Reagents Ltd, SiPhox Inc

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Which Primary Segments of the Vitamin Biomarkers Market Are Driving Growth and Industry Transformations?

The vitamin biomarkers market covered in this report is segmented –

1) By Biomarker Type: Serum Retinol (Vitamin A); Ascorbic Acid (Vitamin C); Serum 25(OH)D (Vitamin D); Serum Alpha-tocopherol (Vitamin E); Serum Prothrombin (Vitamin K); Serum Thiamine Diphosphate (Vitamin B1); Serum Glycolate (Vitamin B2); Serum Niacin (Vitamin B3); Serum Plasma PLP (Vitamin B6); Other Biomarker Types

2) By Product: Analyzers; Test Kits; Reagents And Consumables

3) By Testing Method: Enzyme Linked Immunosorbent Assay (ELISA); Liquid Chromatography With Tandem Mass Spectrometry (LC MS MS); High Performance Liquid Chromatography (HPLC); Chemiluminescent Immunoassay (CLIA)

4) By End User: Hospitals; Diagnostic Laboratories; Ambulatory Diagnostic Centers; Homecare Settings

Subsegments:

1) By Serum Retinol (Vitamin A): Retinol Measurement Kits; Retinol Assay Reagents

2) By Ascorbic Acid (Vitamin C): Vitamin C Detection Kits; Ascorbic Acid Assay Reagents

3) By Serum 25(OH)D (Vitamin D): Vitamin D Testing Kits; 25-Hydroxyvitamin D Assay Reagents

4) By Serum Alpha-tocopherol (Vitamin E): Alpha-tocopherol Measurement Kits; Vitamin E Assay Reagents

5) By Serum Prothrombin (Vitamin K): Prothrombin Time Testing Kits; Vitamin K Assay Reagents

6) By Serum Thiamine Diphosphate (Vitamin B1): Thiamine Measurement Kits; Vitamin B1 Assay Reagents

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Which Regions Are Key Players in the Growth of the #What Major Innovations Are Driving the Accelerated Growth of the Vitamin Biomarkers Market?# Market?

North America was the largest region in the vitamin biomarkers market in 2024. The regions covered in the vitamin biomarkers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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