Press release
Leading Growth Driver in the Bilirubin Meters Market in 2025: Rising Liver Disease Rates Drive Growth In Bilirubin Meter Market Driver's Influence
Bilirubin Meters Market Share
The surging occurrences of liver diseases are projected to drive the expansion of the bilirubin meter market in the future. A range of conditions that affect the liver's functionality form the bracket of liver diseases, typically characterized by inflammation, scarring, or damage from various factors such as infections, toxins, genetic disorders, or chronic illnesses. The proliferation of liver diseases can be attributed to the growing presence of risk factors like obesity, heavy drinking, viral infections, and ailments related to lifestyle, along with enhanced diagnostic facilities. For the effective and non-intrusive evaluation of bilirubin levels, integral in the diagnosis, tracking, and management of situations related to liver malfunction and jaundice, bilirubin meters become necessary. For instance, in April 2024, the Office for Health Improvement and Disparities, a governmental department in the UK, published a report stating that the number of premature deaths due to hepatitis C has remained steady over the past three years, the figures being 233 in 2022, 241 in 2021, and 237 in 2020. During 2022, England recorded a rate of 11.6 premature deaths per 100,000 individuals below the age of 75 from alcoholic liver disease, leading to a total death toll of 5,776. Hence, the escalating occurrence of liver diseases is fueling the growth of the bilirubin meter market.
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What is the future CAGR of the bilirubin meters market, and how will it impact industry expansion?
The market size for bilirubin meters has seen considerable growth in recent years. It is projected to increase from a value of $0.53 billion in 2024 to a value of $0.57 billion in 2025, with a compound annual growth rate (CAGR) of 7.5%. This past growth is credited to heightened awareness, beneficial government initiatives and policies, a growing preference for home healthcare, an aging population, and economic progression in developing markets.
The market for bilirubin meters is projected to experience substantial expansion in the upcoming years, growing to a value of $0.76 billion in 2029 with a compound annual growth rate of 7.5%. The anticipated growth during this forecast period is attributed to factors such as increasing incidents of neonatal jaundice, increased spending in healthcare, expansion of diagnostic centers, favorable insurance reimbursement policies, and surge in medical tourism. Key trends over this forecast period are expected to include advancements in bilirubin meter technology, infrastructural development in hospitals, rising demand for point-of-care diagnostic tools, hefty investments in research and development, and strategic collaborations between medical equipment manufacturers and healthcare providers.
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What are the most significant trends transforming the bilirubin meters market today?
Significant players in the bilirubin meters industry are introducing innovative products such as non-invasive bilirubin meters, aiming to provide a swift, comfortable, and hassle-free process to track bilirubin levels. The non-invasive bilirubin meter, a medical instrument eliminating the need for a blood sample, generally uses light-based technologies such as transcutaneous spectrophotometry to measure bilirubin levels. For example, in November 2022, Yishan Medical, renowned for its focus on medical devices, unveiled the Intelligent Neonatal Transdermal Jaundice Instrument. This device from Yishan Medical hosts a patented optical detection technology, entirely developed in-house, challenging the high cost barrier created by international technology monopolies. This compact, lightweight, user-friendly device increases both portability and availability significantly. It suits medical organizations looking to set up basic jaundice monitoring services, enhance neonatal jaundice care at the primary healthcare stage, increase jaundice detection convenience, and guarantee superior medical services.
Which key market segments comprise the bilirubin meters market and drive its revenue growth?
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
Subsegments:
1) By Transcutaneous Devices: Handheld Transcutaneous Bilirubin Meters, Portable Transcutaneous Bilirubin Meters
2) By Benchtop: Single-Channel Benchtop Bilirubin Meters, Multi-Channel Benchtop Bilirubin Meters
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What regions are at the forefront of bilirubin meters market expansion?
North America was the largest region in the bilirubin meters market in 2024. 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.
Who are the leading players fueling growth in the bilirubin meters market?
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
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What Is Covered In The Bilirubin Meters Global Market Report?
•Market Size Forecast: Examine the bilirubin meters market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the bilirubin meters market for a structured understanding.
•Key Players Overview: Analyze major players in the bilirubin meters market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the bilirubin meters market.
•Segment Contributions: Evaluate how different segments drive overall growth in the bilirubin meters market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the bilirubin meters market.
•Industry Challenges: Identify potential risks and obstacles affecting the bilirubin meters market.
•Competitive Landscape: Review strategic developments in the bilirubin meters market, including expansions, agreements, and new product launches.
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Market Overview
The global Bilirubin Meters…
