Global Bilirubin Meter Market

Global Bilirubin Meter Market is expected to reach $XX
Mn by 2026 from $XX Mn in 2019, at a CAGR of 3.2% during forecast period.



Global Bilirubin Meter Market Overview:



 

Bilirubin meters are prominently used to
measure the concentration of bilirubin in serum and blood. Bilirubin, formerly
known as haematoidin, is a yellow substance that is found in the normal
catabolic pathway of vertebrates. Low bilirubin is directly connected to the
indications of metabolic syndrome, diabetes, and cardiovascular conditions.
However, high bilirubin concentration is linked to hemolysis conditions,
hepatitis, jaundice, and the probability of bile ducts.



Global Bilirubin Meter Market Dynamics:



 



Increasing prevalence of jaundice,
hepatitis, and other chronic diseases drive the market growth.



 

The rise in cases of jaundice and hepatitis
especially in neonates increases demand for effective diagnosis of neonatal
jaundice, which acts as the primary factor which boosts the market growth.
Along with this, accuracy offered by the bilirubin meters in disease diagnosis
is likely to drive the global bilirubin meters market during the forecast
period. Technological Advancements in devices overcome discrepancies in Total
Serum Bilirubin Measurement and the rise in demand for Portable Diagnostic
Devices augments the market growth. However, lack of product awareness and poor
product availability in emerging nations is projected to hamper the growth of
the market during the forecast period.

 

The report has profiled seventeen key
players in the market from different regions. However, report has considered
all market leaders, followers and new entrants with investors while analyzing
the market and estimation the size of the same. Increasing R&D activities
in each region are different and focus is given on the regional impact on the
cost, availability of advanced technology are analyzed and report has come up
with recommendations for future hot spot in APAC region.



Global Bilirubin Meter Market Segment
Analysis:



 



The Global Bilirubin Meter Market is
segmented on the basis of Product, Indication, Age-Group and End-Users.



 

Based on Product, Transcutaneous Devices
dominated the global market in 2019 by holding a market size of USD 89.87
million. The segment is expected to grow at a higher CAGR during the forecast
period as these devices are accurate, cost-effective, time-saving, and
non-invasive. These devices are used as an alternative for serum bilirubin
analyzers as they are capable to screen jaundice in neonates without the
requirement for a needle prick. According to National Institute of Health (NIH)
in 2019, neonatal hyperbilirubinemia was a leading cause of hospitalization, an
estimate of 60-80% of new-born babies were affected by this condition which is
the key factor driving the transcutaneous bilirubin meters for screening
infants.

 

Based on Indication, jaundice dominated the
global market as it held the largest market share of 48.6% in 2019. Jaundice is
most prevalent in the USA, where approximately 60% of newborns are affected by
it. In this medical condition eye whites, mucous membranes, and skin turn
yellow due to high bilirubin content. This condition may affect people of all
ages, although it is less common in adults.

 

 

 

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Global Bilirubin Meter Market Regional
Insights:



 

 



North America held a significant market
share in 2019 and is expected to continue the dominance during the forecast
period.



 

North America has been experiencing an
increasing incidence of jaundice in neonates due to which it is expected to
dominate the global Bilirubin meters market in forecast years. According to the
Global Health Data Exchange in 2017, the prevalence of hemolytic disease and
neonatal jaundice has increased, which results in the adoption of
transcutaneous bilirubin meters for screening and diagnosis. Along with this,
other factors like increasing healthcare expenditure and well-established
healthcare infrastructure boost the market growth in North America.

 

The report also helps in understanding
Global Bilirubin Meter Market dynamics, structure by analyzing the market
segments and project the Global Bilirubin Meter Market size. Clear
representation of competitive analysis of key players by product, price, financial
position, product portfolio, growth strategies, and regional presence in the
Global Bilirubin Meter Market make the report investor’s guide.



Global Bilirubin Meter Market, Key
Developments:



 

• Koninklijke Philips N.V. is focusing on
increasing awareness about its device BiliChek, a noninvasive, transcutaneous
bilirubin meter that assesses the risk of hyperbilirubinemia in newborns. This
device uses light instead of a needle, and it allows to easily measure serum
bilirubin levels.



Global Bilirubin Meter Market Scope: Inquire before buying



 

 



Global Bilirubin Meter Market, by Region:



 

• North America

• Europe

• South America

• MEA

•
APAC



Global
Bilirubin Meter Market, Key players:



 

• F. Hoffmann-La Roche Ltd.

• Koninklijke Philips N.V.

• Shenzhen Mindray Bio-Medical Electronics
Co., Ltd

• Siemens Healthineers AG

• Drägerwerk AG & Co. KGaA

• Zhengzhou Dison Instrument And Meter Co.,
Ltd

• Mennen Medical Ltd.

• Natus Medical Incorporated

• Ningbo David Medical Device Co., Ltd

• Micro Lab Instruments, APEL Co., Ltd.

• Avihealthcare

• Delta Medical

• GineVRi

• Advance Medical

• MBR

• Apel

• Reichert Technologie

 

 

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Author's Note

https://www.maximizemarketresearch.com/market-report/global-bilirubin-meter-market/96242/