What is Bilirubin Meters - Global Market?
Bilirubin meters are medical devices used to measure bilirubin levels in the human body. Bilirubin is a yellow compound that occurs in the normal catabolic pathway that leads to the breakdown of heme in vertebrates. This is what causes the yellow color of bruises and the yellow discoloration in jaundice. High levels of bilirubin in the body can lead to jaundice, which is a common condition in newborns. The global market for bilirubin meters is a significant one, with a value of US$ 109 million in 2022. It is expected to grow to US$ 139.1 million by 2029, with a compound annual growth rate (CAGR) of 3.5% from 2023 to 2029. The market is dominated by four major manufacturers, who collectively hold over 45% of the market share. In terms of product types, transcutaneous bilirubin meters are the most popular, accounting for over 85% of the market.
Bench-top, Transcutaneous in the Bilirubin Meters - Global Market:
Bilirubin meters come in two main types: bench-top and transcutaneous. Bench-top bilirubin meters are typically used in laboratories and are larger and more complex than their transcutaneous counterparts. They require a blood sample to measure bilirubin levels. On the other hand, transcutaneous bilirubin meters are portable devices that measure bilirubin levels through the skin, making them less invasive and more convenient for use in various settings. The global market for these devices is substantial and continues to grow. The bench-top segment of the market, however, is smaller than the transcutaneous segment, which holds over 85% of the market share. Despite this, both types of bilirubin meters play a crucial role in diagnosing and monitoring jaundice in patients.
Hospital, Clinic, Others in the Bilirubin Meters - Global Market:
Bilirubin meters are used in a variety of settings, including hospitals, clinics, and other healthcare facilities. In hospitals, they are often used in neonatal units to monitor newborns for jaundice. They can also be used in general wards to monitor patients with liver disease or other conditions that can cause high bilirubin levels. In clinics, bilirubin meters are used to screen patients for jaundice and other related conditions. They can also be used in home healthcare settings, where they allow for convenient monitoring of patients' bilirubin levels without the need for frequent hospital visits. Despite the different settings in which they are used, the goal of using bilirubin meters is the same: to quickly and accurately measure bilirubin levels in the body to aid in the diagnosis and treatment of various conditions.
Bilirubin Meters - Global Market Outlook:
The global Bilirubin Meters market has shown significant growth and is expected to continue this trend. In 2022, the market was valued at US$ 109 million and is projected to reach US$ 139.1 million by 2029. This growth represents a compound annual growth rate (CAGR) of 3.5% during the forecast period from 2023 to 2029. The market is largely dominated by four key manufacturers who collectively hold a market share of over 45%. When it comes to the types of bilirubin meters, transcutaneous meters are the most popular, accounting for over 85% of the market. This type of meter is non-invasive, making it a preferred choice for many healthcare providers.
| Report Metric | Details |
| Report Name | Bilirubin Meters - Market |
| Forecasted market size in 2029 | US$ 139.1 million |
| CAGR | 3.5% |
| Forecasted years | 2023 - 2029 |
| Global Bilirubin Meters market, by region: |
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| Global Bilirubin Meters market, Segment by Type: |
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| Global Bilirubin Meters market, by Application |
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| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
