Global Bilirubin Meter Market: Industry
Analysis and Forecast (2020-2026) by
Product, Indication, Age-Group, End-Users
Global Bilirubin Meter Market is expected to reach $XX Mn by 2026
from $XX Mn in 2019, at a CAGR of 3.2% during forecast period.
Global Bilirubin Meter Market Overview:
Bilirubin meters are prominently used to measure the concentration of
bilirubin in serum and blood. Bilirubin, formerly known as
haematoidin, is a yellow substance that is found in the normal
catabolic pathway of vertebrates. Low bilirubin is directly connected
to the indications of metabolic syndrome, diabetes, and cardiovascular
conditions. However, high bilirubin concentration is linked to
hemolysis conditions, hepatitis, jaundice, and the probability of bile
Global Bilirubin Meter Market Dynamics:
Increasing prevalence of jaundice, hepatitis, and other
chronic diseases drive the market growth.
The rise in cases of jaundice and hepatitis especially in neonates
increases demand for effective diagnosis of neonatal jaundice, which
acts as the primary factor which boosts the market growth. Along
with this, accuracy offered by the bilirubin meters in disease diagnosis
is likely to drive the global bilirubin meters market during the forecast
period. Technological Advancements in devices overcome
discrepancies in Total Serum Bilirubin Measurement and the rise in
demand for Portable Diagnostic Devices augments the market growth.
However, lack of product awareness and poor product availability in
emerging nations is projected to hamper the growth of the market
during the forecast period.
The report has profiled seventeen key players in the market from
different regions. However, report has considered all market leaders,
followers and new entrants with investors while analyzing the market
and estimation the size of the same. Increasing R&D activities in each
region are different and focus is given on the regional impact on the
cost, availability of advanced technology are analyz