Global Bilirubinometer Market Size, Share, Growth, and Forecast to 2025
Posted by rekha on September 6th, 2019
Precision Business Insights (PBI) in its report titled “Global Bilirubinometer Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2013-2017 and Forecast 2018-2024” assesses the market performance over seven years forecast period over 2018-2024. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.
The global bilirubinometer market was valued at US$ XX Mn in 2018 and increasing at a significant CAGR over the forecast timeframe owing to surge in the incidence of hepatic diseases over the world, scientific advancements, unhealthy food habits, are expected to propel the growth of the market. Additionally, the advancements in the device that measure not only bilirubin but also other components such as haemoglobin, melanin, collagen and strategic collaborations between the market players are expected to enhance the sales of the bilirubinometer market. However not having much awareness regarding the uses of bilirubinometer and lack of skilled personnel are expected to limit the growth of the market.
Global bilirubinometer market segmented on the basis of product type, end user, and region
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Portable Bilirubinometer Dominates the Global Bilirubinometer Market
Based on product type, global bilirubinometer market segmented into Portable Bilirubinometer and Benchtop Bilirubinometer.Portable bilirubinometer products dominated the global bilirubinometer market in 2018 and estimated to dominate over the forecast period owing to its ease of handling, lower cost, rise in awareness about the uses of bilirubinometer, and ease of manufacturing are surge the market over the forecast years. However, a slow growth rate observed for the benchtop bilirubinometers.
North America Leads the Global Bilirubinometer Market
PBI’s global bilirubinometer market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis, North America accounted for larger revenue share through 2013-2017 and expected to dominate over 2018-2024 owing to increase in awareness regarding the early diagnosis of the diseases players, presence of extensive medical infrastructure, advancements in technologies and presence of leading market players in the region are expected to drive the growth of the market over the forecasted years. Asia Pacific region are expected to grow at a significant growth rate over the forecast years due to the larger patient pool and high increasing diagnostic centers.
Launch of newer products, frequent product approvals, and strategic alliances are the key strategies adopted by market players
Global bilirubinometer market further reveals that the key players increasingly adopting strategies such as launch of newer products, frequent product approvals, and long term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance, Philips developed a newer bilirubinometer named BILICHECK. It is a noninvasive, transcutaneous bilirubinometer assesses the risk of jaundice in newborns. It uses light instead of a needle, it allows the easy measurement of serum bilirubin levels. This launch of newer product enhanced the market of Philips.
Key player’s profiles in the report are
By Product type
o Portable Bilirubinometer
o Benchtop Bilirubinometer
By End User
o Diagnostic Centers
o North America
o Latin America
o Middle East and Africa (MEA)
For more information: https://www.precisionbusinessinsights.com/market-reports/global-bilirubinometer-market/
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About the Authorrekha
Joined: July 26th, 2019
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