GITNUX MARKETDATA REPORT 2024

Active B12 Test Industry Statistics

The active B12 test industry is projected to show steady growth due to increasing awareness about the importance of B12 monitoring in diagnosing and managing various health conditions.

Statistic 1

"Government initiatives to improve public health monitoring have boosted market demand."

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"The Asia-Pacific region is anticipated to witness the fastest growth over the forecast period."

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Statistic 3

"Testing methods have evolved, with liquid chromatography-tandem mass spectrometry being among the most accurate."

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Statistic 4

"The market is expected to grow at a compound annual growth rate (CAGR) of 7.2% from 2021 to 2028."

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Statistic 5

"The adoption of point-of-care testing devices in the active B12 test market is growing at a CAGR of 8.1%."

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Statistic 6

"Vitamin B12 deficiency is more common among vegetarians and vegans, driving the need for active B12 testing."

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Statistic 7

"North America held the largest share of the active B12 test industry in 2020, accounting for over 35%."

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Statistic 8

"Pediatric usage of active B12 tests has grown by 4.5% annually over the past three years."

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Statistic 9

"The active B12 test market was valued at approximately $144 million in 2020."

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Statistic 10

"The global economic burden of vitamin B12 deficiency-related diseases is over $3 billion annually."

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Statistic 11

"Clinical research organizations (CROs) are increasingly using active B12 tests in clinical trials."

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Statistic 12

"The active B12 test industry has seen significant investment from healthcare sector stakeholders."

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Statistic 13

"In Europe, the UK and Germany are the leading markets for active B12 tests."

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Statistic 14

"Technological advancements in the development of rapid and accurate testing kits are propelling market growth."

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Statistic 15

"The demand for active B12 tests has increased due to a growing awareness of the health benefits of B12."

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Statistic 16

"The rising prevalence of vitamin B12 deficiency among older adults is a major factor driving market growth."

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Statistic 17

"Diagnostic laboratories are the largest end-user segment, accounting for over 40% market share."

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Statistic 18

"Online sales of active B12 test kits have increased by 12% annually, driven by consumer demand for home testing options."

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Statistic 19

"Automated diagnostic systems are increasingly used for active B12 tests, enhancing test accuracy and efficiency."

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Statistic 20

"Approximately 10-15% of people over the age of 60 are estimated to suffer from vitamin B12 deficiency."

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