Bilirubin Meters Market Size, Share, Growth, Trends, Consumption, Revenue, Company Analysis, Regional Insights and Forecast 2021-2028

Published Date : Nov 2020 | No. of Pages : 200 Pages | Category : Healthcare

According to Vision Research Reports, the global bilirubin meters market size surpassed at US$ 255 Mn in 2020 and is expected to reach US$ 490 Mn by 2028, expanding at a CAGR of 6.8% from 2021 to 2028.

Increase in demand for effective diagnosis of neonatal jaundice is projected to drive the global bilirubin meters market during the forecast period

Transcutaneous (hand-held) bilirubin meters are non-invasive, usually small, portable, handheld, and easy to use. Transcutaneous devices work by directing light to the patient’s skin and measuring the intensity of specific wavelength. Benchtop analyzers use spectro-photometric methods to determine total serum bilirubin (TSB) by analyzing plasma or serum sample by drawing blood from the patient. This method requires longer time and is used as a confirmation method to determine exact levels of serum bilirubin.

Technological Advancements to Drive Global Market

According to IEEE GlobalSpec, a device was developed by Rice University and qualified the usage for testing bilirubin levels in neonates. The device, named BiliSpec RICE 360, is a handheld battery powered device. A clinical trial conducted in Malawi demonstrated that the BiliSpec tool delivers accuracy comparable to the more expensive laboratory tests found in high-resource settings. The device needs two drops of blood to measure the level of bilirubin, which is obtained from the heels of the baby, and placed on an inexpensive disposable lateral flow strip. The reader then displays a digital report of the bilirubin concentration by measuring the light transmitted through the serum on the detection strip.

Transcutaneous bilirubin measurement using multiple wavelength analysis estimates the serum bilirubin levels independent of postnatal age, skin pigmentation, and weight of the infant. Similar to TSB Total Serum Bilirubin, TcB Transcutaneous Bilirubin can also be used as the screening tool for measurement of bilirubin levels in infants who are at high risk of hyperbilirubinemia, by plotting the graph on an hour specific nomogram.

Incremental Opportunities in Online Sales Broadening Revenue Streams for Manufacturers

Product reviews and ratings are establishing transparency to validate the efficacy of bilirubin meters. For instance, medical device manufacturer, DAS Italy, is increasing awareness about its device NEO-BIL PLUS that aids in total analysis of bilirubin through a microcapillary tube. Companies in the bilirubin meters market are tapping into incremental opportunities through online sales and strengthening their supply chains to make their devices available worldwide. Innovative neonatal bilirubin meters are eliminating issues of frequent adjustments in devices.

Companies in the bilirubin meters market are increasing their production capabilities to innovate in non-invasive neonatal bilirubin meters. For instance, specialist in patient monitoring equipment Mennen Medical Ltd. is increasing efforts to increase availability of BiliCare System that aligns with the clinician’s needs in a newborn nursery, pediatrician’s office, and neonatal intensive care units (NICU). As such, non-invasive devices are gaining popularity to reduce the risk of infections in patients. Innovative non-invasive systems are streamlining the jaundice screening processes. Time efficiency of non-invasive neonatal bilirubin meters are replacing time-consuming processes of conducting blood draws in order to gain lab results.

Key Drivers

  • Neonatal jaundice is a self-limiting condition and not always harmful; however, significantly high levels of bilirubin can cause permanent brain damage called kernicterus. Thus, doctors are very keen about the diagnosis of neonatal jaundice in early stages in order to manage it appropriately.
  • According to the African Journal of Primary Healthcare & Family Medicine, risk factors studied in different studies of neonatal jaundice in healthy term babies include instrumental delivery, induction of labor with oxytocin, Asian race, normal vaginal delivery, babies born via C-section, infant bruising, and heavy and frequent breastfeeding
  • Newborns develop symptoms of jaundice in 2 to 3 days after birth, and it gets better without treatment in 2 week old newborns
  • Bilirubinometer is utilized to calculate the level of bilirubin by analyzing how the light reflects off or is absorbed by the skin, or a blood test of a sample of blood taken from baby's heel with a needle. These treatments are recommended to reduce the risk of a rare but serious complication of newborn jaundice, called kernicterus.
  • Current management of jaundice in the U.K. is guided by the NICE guideline. An infant with a rapidly rising bilirubin level, or a high serum bilirubin, needs to be treated urgently to avoid neurotoxicity.
  • All the factors mentioned above are expected to drive the market during the forecast period

Rise in Demand for Portable/Handheld Diagnostic Devices Boosts Market

  • Demand for potable/handheld diagnostic devices is increasing to test the bilirubin levels in newborn babies
  • For instance, according to IEEE GlobalSpec, a device was developed by Rice University and qualified for the usage for testing bilirubin levels in neonates. The device, named BiliSpec RICE 360, is a handheld battery powered device.
  • BiliSpec is a component of a 17-piece neonatal package called NEST (Newborn Essential Solutions and Technologies) designed specifically for hospitals in Africa
  • The device is quick in testing and the result is displayed on a digital screen on the device. It indicates the level of bilirubin in the blood.
  • Bilirubin in the blood is recorded regularly by the doctor. It is very painful to prick every time to withdraw blood from the baby’s heel for the test. This device is gentle in use and is pain-free, as the device causes no harm to the baby. Consequently, demand for these devices is increasing.
  • Development and use of such devices are expected to drive the market during the forecast period

Reliability and Accuracy Issues of Transcutaneous Bilirubinometers across Different Ethnic Groups to Hamper Market

  • Transcutaneous bilirubinometry has witnessed rapid technological advancements, and is an effective tool to assess bilirubin levels in newborns. Complete adoption of transcutaneous bilirubin (TcB) in clinical practice is still resisted by clinicians due to varying results, which depend on race, gestational age, epidemiological, and other genetic factors.
  • For instance, despite JM 103, BiliChek is used with the skin pigmentation in jaundice. TcB and total serum bilirubin (TSB) are different in babies of African-American descent. Color-coded scales were rarely used for comparison, and these codes depend completely on ethnic backgrounds and race. The result in the transcutaneous bilirubinometer index (TcBI) is more reliable in lighter skin color babies than darker skin color babies.
  • These factors are expected to restrain the market during the forecast period

Transcutaneous (Hand-Held) Devices to Gain Significant Market Share

In terms of product, the global bilirubin meters market has been bifurcated into transcutaneous (hand-held) devices and bench-top analyzers. The transcutaneous (hand-held) devices segment has been further sub-segmented into two-wave length devices and multiple wavelength devices. The transcutaneous (hand-held) devices segment is projected to gain market share during the forecast period. Transcutaneous (hand-held) devices are gaining popularity as a substitute for total serum bilirubin analyzers, as they are accurate, non-invasive, and a valid method to screen patients, especially newborns for signs of jaundice without the need for a needle prick. This method also helps save a significant amount of time and money, and provides results instantaneously to determine if the patient requires a blood test.

Neonates Age Group to be Highly Lucrative

Based on age group, the global bilirubin meters market has been classified into neonates and adults. The neonates segment is likely to remain dominant and gain market share during the forecast period. Usually all newborns (neonates) delivered in the hospital would have total serum bilirubin (TSB) measured in the clinical laboratory on one or more blood samples as requested by attending pediatricians. New recommendations and regulations have made it mandatory to screen every newborn for bilirubin levels; consequently, the neonates segment is expected to remain dominant during the forecast period.

North America to Dominate Global Market

In terms of region, the global bilirubin meters market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global bilirubin meters market in 2019, followed by Europe. High prevalence and increase in incidence rates of liver diseases, including hepatitis, which incurs high healthcare spending, drives the market in the region. Established industrial infrastructure and increase in development of products for early diagnosis are other factors that are likely to propel the bilirubin meters market in North America during the forecast period.

Competition Landscape

Major players operating in the global bilirubin meters market are F. Hoffmann-La Roche Ltd., Koninklijke Philips N.V., Shenzhen Mindray Bio-Medical Electronics Co., Ltd, Siemens Healthineers AG, Drägerwerk AG & Co. KGaA, Zhengzhou Dison Instrument And Meter Co., Ltd., Mennen Medical Ltd., Natus Medical Incorporated, Ningbo David Medical Device Co., Ltd, Micro Lab Instruments, APEL Co., Ltd., and Avihealthcare.

Market Segmentation

By Product

  • Transcutaneous (Hand-held) Devices
      • Two-wave Length Devices
      • Multiple Wave Length Devices
  • Benchtop

By Age Group

  • Neonates
  • Adults

By Indication

  • Jaundice
  • Hepatitis
  • Others

By End User

  • Hospitals & Nursing Home
  • Clinics
  • Others

By Region

    • North America
      • U.S.
      • Canada
    • Europe
      • Germany
      • U.K.
      • France
      • Italy
      • Spain
      • Rest of Europe
    • Asia Pacific          
      • China
      • India
      • Japan
      • Australia & New Zealand
      • Rest of Asia Pacific
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America
    • Middle East & Africa
      • GCC Countries
      • South Africa
      • Rest of Middle East & Africa

Report Scope

The Bilirubin meters market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Bilirubin meters market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Bilirubin meters market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Bilirubin meters market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Bilirubin meters market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Bilirubin meters capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Bilirubin meters by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Bilirubin meters market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Bilirubin meters market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Bilirubin meters market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Bilirubin meters industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

Bilirubin meters market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Bilirubin meters market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Bilirubin meters market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Bilirubin meters market. These factors have benefited the growth of the global market for Bilirubin meters. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Bilirubin meters. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Bilirubin meters are as follows:

  • History Year: 2017-2020
  • Base Year: 2020
  • Forecast Year 2021 to 2028

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2028);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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