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Bilirubin Meter Market Intelligence Report Offers Growth Prospects

04-09-2018 03:23 PM CET | Health & Medicine

Press release from: Transparency Market Research

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Bilirubin Meter Market Intelligence Report Offers Growth

Bilirubin is the reddish-yellow bile pigment formed during normal breakdown of hemoglobin in the red blood cells. Bilirubin is primarily formed in the liver and is excreted as bile through the intestine. There are two types of bilirubin: indirect (unconjugated or free) and direct (conjugated bilirubin). The normal levels of bilirubin vary from 0.2 to 1.2 mg/dL. Bilirubin tests are performed to measure the amount of bilirubin in the blood, which is used to diagnose and monitor liver and bile duct diseases such as cirrhosis, hepatitis, jaundice, anemia, and gallstones. High levels of bilirubin leads to the yellowing of the skin and the eyes, and is most common in neonatal patients.

Bilirubin meters or analyzers are either used to measure the concentration of bilirubin in the blood, or serum samples, or to measure the skin reflectance. The two types of bilirubin analyzers are: bench top and transcutaneous bilirubin analyzers. The bench top bilirubin analyzers measure the total serum bilirubin (TSB) using spectrophotometric methods, whereas in transcutaneous bilirubin meters, light is directed to the patient’s skin and the intensity of specific wavelength is measured. Transcutaneous bilirubin meters are non-invasive, usually small, portable, handheld, and easy to use. The three methods of spectrophotometric analysis employed for bilirubin analysis are: direct spectrophotometric method, the Malloy-Evelyn method, and the Jendrassik-Grof method. The measurement of total serum bilirubin is considered as the gold standard method for assessing hyperbilirubinemia.

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High prevalence and rising incidence of jaundice in neonatal patients, especially in developing countries, is anticipated to be the key factor driving theglobal bilirubin meter market during forecast period. Around 50% to 70 % of term and 80% of preterm infants develop jaundice in the first week after birth. Increasing demand for non-invasive and reliable techniques for the measurement of total serum bilirubin is likely to boost the demand for transcutaneous bilirubin meter during forecast period. Furthermore, technological advancement in transcutaneous bilirubin meters facilitating more accurate results within short duration of time are anticipated to fuel the bilirubin meter market. However, the high cost of bilirubin meters and shortage of skilled workforce is likely to restrain the bilirubin market in the near future.

The global bilirubin meter market is segregated based on type of bilirubin meter, method, end-user, and geography. Based on type, the bilirubin meter market is segmented into bench top and transcutaneous. The bench top bilirubin accounted for a prominent share of the market in 2016. It is anticipated to lose its market share to transcutaneous bilirubin meter by the end of 2025.

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The transcutaneous bilirubin market is anticipated to expand at a significant growth rate due to the increase in demand for non-invasive portable, handheld, and more accurate measurements. Based on method, the market is segmented into direct spectrophotometric method, Malloy-Evelyn method, and Jendrassik-Grof method. In terms of end-user, the bilirubin meter market is segregated into hospitals & clinics and academic and research institutes.

Based on geography, the global bilirubin meter market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounted for a prominent share of the market in 2016 due to well-established healthcare facilities and infrastructure and high per capita healthcare expenditure in the region. Europe follows North America in terms of share of the global bilirubin meter market. The market in Asia Pacific is anticipated to expand at a rapid pace during forecast period due to the rapid increase in population of countries such as India, China, Bangladesh, improving healthcare infrastructure, and increasing number of hospitals in the region.

Key players operating in the global bilirubin meter market include Natus Medical Incorporated, Koninklijke Philips N.V. Drägerwerk AG & Co. KGaA, Advanced Instruments Inc., Olidef, Reichert, Inc., GINEVRI srl, Mennen Medical Ltd., Micro Lab Instruments, APEL Co., Ltd., and Löwenstein Medical GmbH & Co. KG.

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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

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