The bilirubin meters global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Bilirubin Meters Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The bilirubin meters market size has grown strongly in recent years. It will grow from $0.49 billion in 2023 to $0.53 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to increasing awareness, supportive government policies and programs, increasing preference for home healthcare, aging population, economic development in emerging markets.
The bilirubin meters market size is expected to see strong growth in the next few years. It will grow to $0.71 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The growth in the forecast period can be attributed to rising incidence of neonatal jaundice, rising healthcare expenditure, growth in the number of diagnostic centers, favorable reimbursement policies, growth in medical tourism. Major trends in the forecast period include innovations in bilirubin meter technology, hospital infrastructure development, demand for point-of-care diagnostic devices, investments in research and development, collaborations between manufacturers and healthcare providers.
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Scope Of Bilirubin Meters Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Bilirubin Meters Market Overview
Market Drivers –
The increasing prevalence of liver diseases is expected to propel the growth of the bilirubin meter market going forward. Liver diseases are a diverse group of conditions that impair liver function, often involving inflammation, scarring, or damage due to factors like infections, toxins, genetic disorders, or chronic diseases. Liver diseases are increasing due to the rising prevalence of risk factors such as obesity, excessive alcohol consumption, viral infections, and lifestyle-related conditions, coupled with improved diagnostic capabilities. Bilirubin meters are required for liver diseases to accurately and non-invasively measure bilirubin levels, which helps in diagnosing, monitoring, and managing conditions related to liver dysfunction and jaundice. For instance, in April 2024, according to a report published by the Office for Health Improvement and Disparities, a UK-based government department, the number of premature deaths from hepatitis C has plateaued over the last three years, with figures of 233 in 2022, 241 in 2021, and 237 in 2020. In 2022, England experienced a rate of 11.6 premature deaths per 100,000 people under the age of 75 due to alcoholic liver disease, amounting to a total of 5,776 deaths. Therefore, the increasing prevalence of liver diseases is driving the growth of the bilirubin meter market.
Market Trends –
Major companies operating in the bilirubin meters market are developing technologically advanced products, such as non-invasive bilirubin meters, to provide a quick, painless, and convenient method for monitoring bilirubin levels. A non-invasive bilirubin meter is a medical device that measures bilirubin levels in the blood without the need for a blood sample, typically using light-based technologies like transcutaneous spectrophotometry. For instance, in November 2022, Yishan Medical, a China-based company that specializes in medical devices, launched the Intelligent Neonatal Transdermal Jaundice Instrument. The Intelligent Neonatal Transdermal Jaundice Instrument from Yishan Medical features a patented optical detection technology developed exclusively by the company, breaking the high price barrier set by foreign technology monopolies. Compact and lightweight, this easy-to-operate device significantly enhances portability and accessibility. It is ideal for medical institutions aiming to establish primary jaundice monitoring services, promote neonatal jaundice care at the primary healthcare level, improve jaundice detection accessibility, and ensure high-quality medical services.
The bilirubin meters market covered in this report is segmented –
1) By Product: Transcutaneous Devices, Benchtop
2) By Age Group: Neonates, Adults
3) By Indication: Jaundice, Hepatitis, Other Indications
4) By Application: Hospital, Medical Center, Other Applications
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Regional Insights –
North America was the largest region in the bilirubin meters market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bilirubin meters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the bilirubin meters market are Hoffmann-La Roche Ltd., Abbott Laboratories, Siemens Healthineers AG, Koninklijke Philips N.V. , GE Healthcare, Shenzhen Mindray Bio-Medical Electronics Co. Ltd., PerkinElmer, Drägerwerk AG Co., Sysmex Corporation, Konica Minolta Business Solutions Inc., Masimo Corp., Beckman Coulter Inc., Nova Biomedical, Loewenstein Medical UK Ltd., Ningbo David Medical Device Co. Ltd., Reichert Inc., A. Menarini Diagnostics Srl, Mennen Co., Delta Medical International Ltd., AVI Healthcare Pvt Ltd., Olidef, Micro Lab Instruments, Aegis Medical Innovations Inc., Medi Waves Inc., Ginevri Srl
Table of Contents
- Executive Summary
- Bilirubin Meters Market Report Structure
- Bilirubin Meters Market Trends And Strategies
- Bilirubin Meters Market – Macro Economic Scenario
- Bilirubin Meters Market Size And Growth
…..
- Bilirubin Meters Market Competitor Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
- Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Bilirubin Meters Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Bilirubin Meters Market, Segmentation By Age Group, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Bilirubin Meters Market, Segmentation By Indication, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
…………..
Table 75: Hoffmann-La Roche Ltd. Financial Performance
Table 76: Abbott Laboratories Financial Performance
Table 77: Siemens Healthineers AG Financial Performance
Table 78: Koninklijke Philips N.V. Financial Performance
Table 79: GE Healthcare Financial Performance
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