The global methylmalonic acid market is anticipated to grow at a significant CAGR of 4.5% during the forecast period. When the human body digests protein; it produces a chemical called methylmalonic acid. The amount of vitamin B12 in the body regulates the body’s methylmalonic acid production.A high amount of methylmalonic acid can indicate that a person is deficient in vitamin B12. A low methylmalonic acid level could indicate an infection, liver illness, or another issue. Vitamin B12 deficiency, anemia, infection, liver illness, and other disorders can all be diagnosed with the methylmalonic acid test. The high prevalence of anemia and vitamin B12 deficiency are the prominent factors driving the demand for methylmalonic acid globally.
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The sudden emergence of the COVID-19 pandemic had prompted the enforcement of strict lockdown measures in some countries, causing supply chain disruption in the methylmalonic acid market as several manufacturers had suspended their operations due to reduced demand or labour shortage. However, as the COVID-19 situation normalized, demand for methylmalonic acid had gained momentum. This report will further cover the in-depth analysis of the COVID-19 pandemic in the methylmalonic acid market.
The global methylmalonic acid market is segmented based on the applications. Based on the applications, the market is sub-segmented into vitamin B12 deficiency testing and clinical analysis of serum/plasma. The segments mentioned above can also be customized as per the requirements. Among these, the vitamin B12 deficiency testing segment is anticipated to propel the growth of the market over the forecast period, owing to the rising inclination of the demand towards the deficiency testing kit. Thus, further driving the vitamin B12 deficiency testing compared to the clinical analysis of Serum/Plasma.
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Global Methylmalonic Acid Market Segmentation
By Application
- Vitamin B12 Deficiency Testing
- Clinical Analysis of Serum/Plasma
Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
Company Profiles
- Bevital AS
- BiosynthCarbosynth
- TCI Chemicals (India) Pvt. Ltd.
- SyTracks A/S
- VWR International, LLC
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