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Global Active B12 Test Market by Applications, Manufacturers, Regions and Competitive Strategies Forecast till 2023

 Active B12 test market by diagnosis (ELISA assay, enzyme immunoassay, others), by indication (folate deficiency anemia, pernicious anemia, macrocytic anemia, others), by end users (Hospitals, medical laboratories, clinical research organization, others) - Global Forecast to 2023

Vitamin B12 play an important role to keep our body stay healthy. Our body are not capable to produce vitamin B12, thus, we have to get it from animal-based foods or from supplements. As our body does not store vitamin B12, so we need to intake these animal-based foods or supplements on regular basis. Vitamin B12, also known as cobalamin, is a water-soluble vitamin that plays a key role in the functioning of the brain and nervous system and the formation of red blood cells. Rising prevalence of vitamin deficiency disease and neurological disorders increase the market of active B12 test globally. According United States Department of Agriculture Agricultural Research Service, the prevalence of vitamin deficiency is found to be high in America. Additionally, according to report published by Alzheimer's Disease International (ADI), in 2015, prevalence of occurring dementia is more in middle income countries in comparison to developed nation.

The report for Global Active B12 test market by Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain a deeper insight of the market and industry performance. The report gives a clear picture of the current market scenario which includes past and estimated future market size with respect to value and volume, technological advancement, macro economical and governing factors in the market. The report provides detail information about and strategies used by top key players in the industry. The report also gives a broad study of the different market segments and regions.

Intended Audience:

Medical device manufacturers

Medical device suppliers

Medical research laboratories

Research and Development (R&D) Companies

Market Research and Consulting Service Providers

Potential Investors

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Global Active B12 Test Market – Overview

The global Active B12 Test market is showing the moderate growth; mainly due to increase in the population suffering with B12 deficiency. Rising the patient suffering with dementia, huntington’s disease, and epilepsy are the leading causes of upward movement of active B12 test. According to report published by World Health Organization (WHO) in 2017, around 50 million people are suffering with dementia and around 10 million new cases of dementia are diagnosis each year.

Companies are showing much interest toward the market of active B12 Test, as they feel there are huge opportunities and gaps between the market demand and supply of active B12 Test market. Thus, companies are showing more interest in research and development activities for introducing the best procedure that meets the requirement of market. The development has been made by Axis-Shield Diagnostics Ltd. In Sep 2014, will develop the Active-B12 test for Siemens Healthcare allowing more laboratories worldwide to perform the test.

The companies are introducing better technology for getting the global leadership in the Active B12 Test market. Increasing in the prevalence of vitamin deficiency disease and neurological disorders around the globe is creating the huge scope for the market players to make a profit.

Axis-Shield Diagnostics Ltd. (U.S.), Abbott (U.S.), Siemens Healthcare Private Limited (U.S.), DiaSorin S.p.A. (Italy), LifeSpan BioSciences, Inc. (U.S.), Demeditec Diagnostics GmbH (Germany) are some of the leading players at the cutting edge of the competition in the market of Active B12 Test, globally.

Global Active B12 Test Market   - Regional Analysis

According to report published by Alzheimer's Disease International (ADI), in 2015, around 46.8 million people globally have dementia and it is projected to be around 74.7 million in 2030 and 131.5 million in 2050. Also, according to report published by WHO in 2017, around 50 million people are suffering with epilepsy globally.

The market of active B12 test is much higher in the Americas region. There are several factors for tremendous growth of the active B12 test market in this region such as wider acceptance of the technology, Major players belong from this region. According to report published by Alzheimer's Disease International (ADI), in 2015, around 4.8 million are suffering with dementia in North Americas.

Europe is also consider huge market for active B12 test players, owing to present of huge patient population. Moreover countries in this region have well established health care structure. The population within the reason are more aware about the healthcare in comparison to other region like Asia Pacific and The Middle East and Africa.

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