Bilirubin Blood Test Global Market To Accrue Exponentially by 2027 Registering A Substantial CAGR of 5.44%; Asserts MRFR

Global Bilirubin Blood Test Market – Synopsis

Bilirubin Blood Test is performed to detect traces of Jaundice by measuring the bilirubin level in the blood sample. Similarly, this test is also used to screen liver diseases/ disorders, haemolytic anemia & neonatal jaundice.

With the evolving medical science & technological advancements, Bilirubin Blood Test too, has seen significant amount of changes over the past few years. This includes phenomenal headways in terms of products and their approvals. For instance; hand-held diagnostic & non-invasive bilirubin measurement devices. These headways, meeting the expectations of patients and clinicians (for time saving procedures) have subsequently increased market size of Bilirubin Blood Test further, allowing it to garner a phenomenal prominence in the global market.

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Acknowledging the exponential growth the market is perceiving currently and the growth prospects the market is demonstrating globally; Market Research Future (MRFR) recently published a brilliant study report giving out the complete market insights up till 2027. In its report MRFR asserts that the global Bilirubin Blood Test market is projected to grow exponentially by 2027, registering 5.44% of CAGR throughout the forecast period (2017 – 2027).

In addition to the advancements in the medical science & healthcare industry, the global Bilirubin Blood Test market is also driven by some predominant factors such as growing population and improving economic conditions worldwide that are fuelling healthcare expenditures. High prevalence of neonatal jaundice in infants and increasing demand for portable/hand-held diagnostic devices also contributes the market growth. Emergence of chargeable, digitalized, portable (Handheld) devices that offer benefits such as ease of use and accurate measurement of the results have provided a great impetus to the market growth.

Conversely, lack of awareness towards the advantages of improved bilirubin tests and lack of trained professionals is likely to restrain the market growth during the forecast period; are some of the factors that restrict the market growth. Also, factors such as unmet clinical needs coupled with the unavailability of external funding too; are posing challenges to the market growth.

Top Players:

Koninklijke Philips N.V. (Europe), Beckman Coulter, Inc. (U.S.), Thermo Fisher Scientific Inc. (U.S.), Randox Laboratories Ltd. (Europe), and F. Hoffmann-La Roche AG (Europe) are some of the leaders driving the Global Bilirubin Blood Test Market. Profiling those in its analysis MRFR finds out their strategies placing them at the forefront of completion.

Bilirubin Blood Test Global Market – Competitive Analysis

The market of Bilirubin Blood Test appears to be fiercely competitive & fragmented owing to the presence of numerous matured & small key players accounting for a substantial market share. These market players try to gain competitive advantage through strategic partnership, acquisition, expansion, collaboration, product & technology launch. They invest heavily in the R&D to develop a technology that is completely on a different level compared to their competition.

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Industry, Innovation & Related News

February 01, 2018 – Healthy.io (Israel), a leading global technology company announced the availability of the update of its new App (launched in Jan’16). Now the App can turn a smartphone into a clinical-grade medical testing device through urinalysis, which is considered as one of the most common methods of medical diagnosis.

The CE and ISO 13485-certified App can test for leukocytes, bilirubin, urobilinogen, ketones, nitrites, glucose, protein, specific gravity, and pH.

Worldwide Bilirubin Blood Test Market – Segments

The Bilirubin Blood Test Market can be segmented in to 5 key dynamics for the convenience of the report and enhanced understanding;

By Test Type: Comprises Indirect/Unconjugated Bilirubin Test, Direct/Conjugated Bilirubin Test, and Total Serum Bilirubin (TSB)

By Product Type: Analyzers (photometric analyzer & blood gas analyser), Bilirubinometer (hand-held, & bench top) and Consumable

By Application: Pediatric/Infants & Adults.

By End User: Hospitals, pediatric clinics, Home Healthcare etc.

By Regions:North America, Europe, APAC and Rest of the World.

Worldwide Bilirubin Blood Test Market – Regional Analysis

North America market leads the global Bilirubin Blood Test market with the significant market share. The market is further expected to reach astronomical amounts growing at a substantial CAGR throughout the forecast period (2017-2027). Well-developed healthcare sector, increasing prevalence of neonatal jaundice among infants in the U.S. & Canada coupled with the high per capita healthcare expenditures of these economies together drive the regional market growth. Moreover, presence of some of the matured market players such as Beckman Coulter, Inc., Thermo Fisher Scientific Inc. among others fuels the market growth.

Europe & Asia Pacific is the second & third largest market respectively in the global Bilirubin Blood Test market. Expected to be a fastest growing market Asia pacific region is estimated to grow rapidly over the projected period. Increasing healthcare expenditures along with favourable government policies of developing economies like India and China foster the market growth in APAC.

While the world’s second largest market of Bilirubin Blood Test – Europe is predominantly driven by the availability of funds for research, well-developed healthcare infrastructure, huge patient population, & government support for research & development. Besides, economies having high healthcare expenditures such as the UK & Germany propel the Europe market.

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This release was published on openPR.