"Designing Growth Strategies is in our DNA"
The bilirubin meters market is witnessing significant expansion owing to primary utility in neonatal and pediatric care facilities to ascertain or evaluate the predisposition to hyperbilirubinemia. These meters can also be utilized to investigate other conditions, such as blockages in the bile ducts in the liver or gallbladder.
A bilirubin meters measures and analyzes the bilirubin level in patients to help understand the severity of disease. The meters are used in jaundice and hepatitis diagnosis to identify bilirubin levels in the patients. The equipment is also utilized in healthcare settings to diagnose and monitor jaundice in newborns. Jaundice is a condition that leads to the yellowing of the skin and eyes due to high bilirubin levels. Bilirubin meters offer quick, non-invasive readings that can aid in preventing severe conditions such as kernicterus, a form of brain damage that can occur due to extremely high bilirubin levels.
Due to an increase in jaundice, bilirubin levels must be checked, which propels the market expansion.
Increasing Prevalence of Jaundice among Newborns to Fuel the Sales of Bilirubin Meters
The burden of jaundice has been growing significantly among newborns globally. The growing burden of jaundice is due to factors such as hypothyroidism, a condition where the livers are not fully developed and produce more bilirubin than adults. This factor has been fueling the demand for bilirubin meters for accurate diagnosis.
Download Free sample to learn more about this report.
The prevalence of neonatal jaundice in South Africa was 10.4 million, in Ethiopia 8.5 million, in Bhutan 7.4 million, and in India 11.2 million in 2023.
High Meter Cost May Limit their Adoption
Bilirubin meters are very effective in detecting jaundice, especially in newborns. However, the cost of these meters may limit their sales particularly in areas with limited healthcare funding. Many healthcare facilities, especially those in developing countries, may struggle to afford expensive equipment. Within the healthcare sector, meters can also be costly, competing with other expenses such as infrastructure and workforce. Therefore, cost can be a significant challenge at times.
Rising Infrastructure to Fuel Market Growth in the Coming Years
Due to the growing burden of jaundice and hepatitis C, especially in the developing regions, several companies have increased their focus on increasing infrastructure.
The report covers the following key insights:
|
By Product |
By Indication |
By Age Group |
By End-user |
By Geography |
|
|
|
|
|
By product, the market is divided into portable and benchtop.
The portable devices segment accounted for a significant market share in 2023. The segment growth is attributed to its efficacy, being more convenient to use than benchtop devices and are quick and easy to perform. Transcutaneous bilirubin meters are also known as portable and present a cost-effective alternative to measuring total serum bilirubin. In the hospital setting, transcutaneous bilirubin meter contribute to a reduction in laboratory expenditures and can alleviate the time nurses spend on screening procedures. Therefore, portable devices are used as they are easily accessible due to its portability.
By indication, the market is categorized into hepatitis, jaundice, and others.
The jaundice segment accounted for a significant market share in 2023. The growth of the segment can be attributed to an increase in hyperbilirubinemia in patients with jaundice, which causes yellow discoloration of the eyes.
By age group, the market is segmented into neonates and adults.
The neonates segment accounted for a significant share of the 2023 population suffering from jaundice. The segment growth is mainly due to the increased prevalence of jaundice in newborns. Therefore, neonates suffer from jaundice more often as their livers are not mature enough to get rid of bilirubin in the bloodstream. These products are very helpful in detecting jaundice in neonates so that effective treatment can be provided.
By end-user, the market is segmented into homecare settings, hospitals & clinics, and others.
The hospitals and clinics segment accounted for a significant market share. The increasing number of hospital admissions for the treatment of hepatitis C and growing number of newborns in hospitals has been fueling the segment growth.
To gain extensive insights into the market, Download for Customization
By region, the market has been studied across North America, Asia Pacific, Europe, Latin America, and the Middle East & Africa.
The bilirubin meter treatment market in North America holds considerable share, driven by increased awareness of prevalence and distribution of jaundice. Companies based in the U.S., such as Advanced Instruments LLC and Natus Medical Incorporated, also contribute to the growing regional market.
Europe held a significant market share in 2023. The regional growth is due to the increased prevalence of jaundice on account of factors such as gestational age at birth, chronic medical disorders, and the mode of delivery in which bilirubin levels are identified.
Asia Pacific is considered a region with significant growth potential in the bilirubin meters market due to the increasing prevalence of jaundice in this region, particularly in countries such as China and India.
The Latin America and the Middle East Africa markets also have promising growth potential due to rising healthcare expenditure and an increase in the number of patients suffering from hepatitis C. The spread of Hepatitis C is due to healthcare-related exposure and injection drug use.
The report includes the profiles of the following key players:
Get In Touch With Us
US +1 833 909 2966 ( Toll Free )