Global Active B12 Test Market Is Expected To Grow At A CAGR Of 16.26% by 2032

The global active B12 test market is expected to show sharp growth over the forecast period. Increasing prevalence of vitamin deficiency diseases and various neurological disorders and demand for technological advancement in the field of diagnostics are the key factor for the market growth. High cost of vitamin B12 test devices may restrain the growth of this market.  

The global active B12 test market is expected to grow at a CAGR of 16.26% during the forecast period (2023-22032) and is estimated to reach USD 5.93 Billion by 2032.

Taste the market data and market information presented through more than 120 market data tables and figures spread over 206 pages of the project report. Avail the in-depth table of content TOC & market synopsis on “Active B12 test market research report–Global forecast till 2032.”

Major Players in Active B12 test Market

Some of the key players in the global market: Axis-Shield Diagnostics Ltd. (U.S), Abbott (U.S), Siemens Healthcare Private Limited (U.S), DiaSorin S.p.A.(Italy), F. Hoffmann-La Roche Ltd (Switzerland), LifeSpan BioSciences, Inc. (U.S), Demeditec Diagnostics GmbH (Germany).

Regional Analysis

The global active B12 test market consists of four regions: the Americas, Europe, Asia Pacific, and the Middle East & Africa.

The Americas dominates the active B12 test market. It comprises of two regions namely North America and South America. North America in the largest market owing to extensive use of technological advanced diagnostics devices for vitamin deficiency diseases and development of innovative products by major market players.

In the Europe, increasing adoption of new diagnostics techniques, increasing awareness about deficiency diseases and overall development of healthcare sector contribute to the market growth.

Asia Pacific is the fastest growing and potential market for the active B12 test, whose growth is attributed to rising geriatric population with neurological disorders, demand for affordable diagnostics services and strengthening healthcare infrastructure.

The Middle East & Africa is expected witness limited growth due to limited access to the healthcare resources and lack of advanced diagnostic devices. 

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Segmentation

The global active B12 test market is segmented on the basis of diagnosis which includes ELISA assay, enzyme immunoassay, and others. On the basis of indication, the market is segmented into folate deficiency anemia, pernicious anemia, macrocytic anemia, and others. On the basis of end users, the market is segmented into hospitals, medical laboratories, clinical research organization, and other users.

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