Bilirubin Blood Test Market 2018 SWOT Analysis of Leading Player | Beckman Coulter Inc. (Danaher) (U.S.), Thermo Fisher Scientific Inc. (U.S.), Randox Laboratories Ltd. (Europe)

The Global Bilirubin Blood Test Market is expected to grow at an approximate CAGR of 5.44% during the forecast period 2018-2023.

Bilirubin is produced in the body when hemoglobin in old red platelets is broken down. This can be an indication of jaundice. Symptoms of jaundice include a yellowish shade of the skin, eyes, and certain body liquids. Bilirubin blood test is the process of measuring the amount of bilirubin in a blood sample, thereby, it is used in the diagnostics of jaundice. High prevalence of neonatal jaundice and increasing per capita healthcare expenditure is projected to drive the market growth during the forecast market.

According to the Centers for Disease Control and Prevention in 2015, approximately 60% of full-term infants develop jaundice within several days of birth. Moreover, in 2015, according to the Centers for Disease Control and Prevention, in the U.S. the total healthcare expenditure accounted for 17.8% of the total gross domestic product (GDP), which accounted for USD 3.2 trillion. However, lack of awareness and trained professionals is likely to restrain the market growth during the review period

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Key players in global bilirubin blood test market

Koninklijke Philips N.V. (Europe), Beckman Coulter Inc. (Danaher) (U.S.), Thermo Fisher Scientific Inc. (U.S.), Randox Laboratories Ltd. (Europe), and F. Hoffmann-La Roche AG (Europe)

Regional Analysis

North America dominates the bilirubin blood test market owing to a well-developed healthcare sector. Moreover, the high prevalence of neonatal jaundice in infants and developed economies like the U.S. and Canada, which have high per capita healthcare expenditures fuel the market growth within the region. Additionally, Beckman Coulter, Inc., and Thermo Fisher Scientific Inc. are some of the major players of the global bilirubin blood test market whose presence is marked within the regional boundaries of the North America, fuelling the market growth.

Europe is the second largest bilirubin blood test market, which is followed by Asia Pacific. Availability of funds for research, well-developed healthcare infrastructure, huge patient population, and government support for research & development drive the market in Europe. Moreover, the presence of developed economies within the region like the U.K and the Germany, which have high healthcare expenditures fuels the market growth.

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Brief TOC

1 Report Prologue

2 Introduction

2.1 Definition

2.2 Scope of the Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

2.3 Market Structure

2.4. Market Segmentation

3 Research Methodology

3.1 Research Process

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

3.5 Forecast Model

4 Market Dynamics

…TOC Continued

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