Impact Analysis of Covid-19
The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.
Nutrition Testing In Women and Children Market Insights
Nutrients play a major role in the health of pregnant women, infants, and children. Women require higher amount of certain nutrients than usual, before and during pregnancy, to support their health and infant development. Therefore, it is important to conduct nutrition testing and routine monitoring of the chemical and elemental compounds in the breast milk, and in nutritional and infant formulas. Different types of instruments spectrophotometers, detectors, analyzers, as well as reagents & kits are used for analyzing nutrients.
Manufacturers are focused on developing and launching immunoassay technologies for determining factors influencing the immune system in samples such as serum, plasma, and human milk. For instance, in May 2018, Romer Labs launched the ELISA test kit, AgraQuant Aflatoxin M1 ELISA, for detection of aflatoxin M1, and to monitor and manage levels of alfatoxin in raw materials and finished products.
The global nutrition testing in women and children market is estimated to be valued at US$ 2,487.6 Billion in 2018, and is expected to witness a CAGR of 9.3% during the forecast period (2018–2026).
Figure 1. Global Nutrition testing in women and children Market Share (%), By Application, (2018 & 2026)
Source: Coherent Market Insights Analysis (2019)
Increasing prevalence of nutritional deficiencies is expected to drive global nutrition testing in women and children market growth
High prevalence of nutritional deficiencies is expected to increase demand for nutrition testing devices and hence, support the nutrition testing in women and children market growth. For instance, according to data published by the Journal of The Association of Physicians of India, in January 2018, Vitamin D deficiency is commonly found in women, and 84% of pregnant women in North India were diagnosed with hypovitaminosis D.
Furthermore, increasing focus on strategies such as acquisitions by key players for the purpose of distributing their nutrition testing products, is expected to significantly drive the nutrition testing in women and children market growth. For instance, in 2017, Miris AB renegotiated and signed a new distributor agreement with China-based distributor, ByMed Electronic Technology, which covers all of China, with a network of subcontractors in all provinces.
However, lack of awareness regarding healthcare, diet, and proper nutrition balance in emerging economies is a major factor which is expected to hinder the global nutrition testing in women and children market growth over the forecast period. Low awareness regarding nutrition testing in rural areas of emerging economies in Africa and Asia Pacific is expected to result in slow adoption of nutrition testing instruments and kits, and hinder the market growth.
Global Nutrition Testing In Women and Children Market- Regional Analysis
Regional segmentation of the global nutrition testing in women and children market comprises North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.
North America is expected to hold a dominant position in the global nutrition testing in women and children market, owing to factors such as higher health awareness, presence of major players, and adoption of novel products and devices in the region. For instance, Thermo Fisher Scientific Inc., EverlyWell, Inc., Lactation Lab, and OmegaQuant, LLC are some U.S.-based companies that offer various types of nutrition testing kits and instruments in the region.
Moreover, Europe is expected to witness significant growth in the global nutrition testing in women and children market owing to high prevalence of Vitamin D deficiency. For instance, according to data published by the British Nutrition Foundation, around 1 in every 5 people in the U.K. has low vitamin D levels.
Furthermore, Asia Pacific is projected to witness significant nutrition testing in women and children market growth, owing to increasing presence of key players in the region. Various players are entering this lucrative market by partnering with local players. For instance, in July 2019, Miris HMA was installed at the milk bank of KK Women’s and Children’s Hospital Singapore to provid e help for premature or sick infants with the right composition of milk.
Figure 2: Global Nutrition testing in women and children Market Share (%), By Region, (2018 & 2026)
Source: Coherent Market Insights Analysis (2019)
Global Nutrition Testing In Women and Children Market- Competitive Landscape
Key players operating in the global nutrition testing in women and children market include Miris AB, Thermo Fisher Scientific Inc., MyMilk Laboratories Ltd., EverlyWell, Inc., DiaSorin Group, Trajan Nutrition, EKF Diagnostics Ltd., Lactation Lab, OmegaQuant, LLC, and Scope Electric.