Market Research Future’s (MRFR) latest study forecasts that the bilirubin blood test market size is projected to touch USD 1,853.2 million by the end of the forecast period (2016-2027). A bilirubin blood test helps assess the health of your liver and is also commonly used to help diagnose newborn jaundice. It involves a healthcare professional taking a blood sample from a vein in the arm, using a small needle. Blood is collected into a test tube and then is tested to diagnose disorders related to problems with red blood cell production. In other words, this test helps determine the cause of jaundice and also help diagnose conditions such as liver disease, hemolytic anemia, and blockage of the bile ducts.
The global market for bilirubin blood test is expanding steadily on account of the high prevalence of neonatal jaundice in infants and increasing demand for portable and hand-held diagnostic devices. Although the market is growing at a stable rate, lack of awareness and skilled professionals is expected to deter the market growth during the review period. However, constant technological innovations and product enhancements by market players can fuel the market growth to a large extent. For instance, a technique called transcutaneous bilirubin measurement has recently been developed in Singapore. It is cheaper than the traditional test, highly accurate, and delivers rapid results. The foremost feature is the painless procedure and does not cause any kind of trauma to the infant.
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Bilirubin Blood Test Market – Segmental Analysis
MRFR’s report offers an extensive segmental analysis of the market on the basis of test type, product type, application, and end-user.
By test type, the global bilirubin blood test market is segmented into total serum bilirubin (TSB), direct/conjugated bilirubin test, and indirect/unconjugated bilirubin test. Among these, the total serum bilirubin segment captured the largest market share with a market value of USD 495.4 million in 2015 and is expected to register a CAGR of 5.77% during the forecast period.
The market, based on product type, is segmented into consumables and instruments. Consumables are anticipated to hold the largest market share over the review period, registering the fastest CAGR of 5.02% from 2016 to 2027.
By application, the market is segmented into pediatric/infants and adults. The segment of pediatric/infants is increasing due to high prevalence of jaundice among infants. The segment will capture the largest market share over the appraisal period and is anticipated to register a CAGR of 5.70% during the assessment period.
By end-user, the bilirubin blood test market is segmented based on hospitals, pediatric clinics, and home healthcare. Among these, the hospital segment is projected to lead the global bilirubin blood test market due to the growing demand for bilirubin blood tests.
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Regional Outlook
The global bilirubin blood test market is spread across four regions of the Americas, Europe, Asia Pacific, and the Middle East and Africa.
The Americas accounted for the largest share of the global market, comprising two regions, namely, North America and South America. Among these, North America possesses the largest market owing to the presence of a large number of biotechnology companies engaged in the production of innovative products. Moreover, a large number of market players in the region indulge in acquisitions and partnerships to solidify their market presence and also expand their product portfolio.
On the other hand, Europe accounted for the second largest market due to the growing prevalence of infant jaundice and the rising frequency of government initiatives to create awareness of these tests. Well-developed technology in the field can spur the bilirubin blood test market in the region.
Among all regions, Asia Pacific is estimated to be the fastest growing region on account of a huge patient population. In addition, increasing healthcare expenditure coupled with favorable government policies in developing nations such as India and China contribute to the market growth in this region.
Lastly, the Middle East and Africa hold the least market share due to the presence of low economic conditions, particularly in the African region.
Vendor Landscape
Some of the key players in this market are Thermo Fisher Scientific Inc., Koninklijke Philips N.V., F. Hoffmann-La Roche AG, Beckman Coulter, Inc., and Randox Laboratories Ltd.
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Bilirubin Blood Test Market Insights 2019, Global and Chinese Scenario is a professional and in-depth study on the current state of the global Bilirubin Blood Test industry with a focus on the Chinese market.
The report provides key statistics on the market status of the Bilirubin Blood Test manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.Overall, the report provides an in-depth insight of 2014-2024 global and Chinese Bilirubin Blood Test market covering all important parameters.The key points of the report:The report provides a basic overview of the industry including its definition, applications and manufacturing technology.The report explores the international and Chinese major industry players in detail.
In this part, the report presents the company profile, product specifications, capacity, production value, and 2014-2019 market shares for each company.Through the statistical analysis, the report depicts the global and Chinese total market of Bilirubin Blood Test industry including capacity, production, production value, cost/profit, supply/demand and Chinese import/export.The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.The report then estimates 2019-2024 market development trends of Bilirubin Blood Test industry.
Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out.The report makes some important proposals for a new project of Bilirubin Blood Test Industry before evaluating its feasibility.Key Benefits for Bilirubin Blood TestMarket:This study includes the global Bilirubin Blood Testmarket analysis, trends, and future estimations to determine the imminent investment pockets.The report presents information related to key drivers, restraints, and global Bilirubin Blood Testmarket opportunity.The global Bilirubin Blood Testmarket size is quantitatively analyzed from 2014 to 2024 to highlight the financial competency of the Bilirubin Blood Testindustry.Porter’s five forces analysis illustrates the potency of buyers & suppliers in the industry.Report Sample includes:- Table of Contents- List of Tables & Figures- Charts- Research MethodologyGet FREE Sample of this Report at https://www.24marketreports.com/report-sample/global-bilirubin-blood-test-2019-2024-301There are 3 key segments covered in this report: competitor segment, product type segment, end use/application segment.For competitor segment, the report includes global key players of Bilirubin Blood Test as well as some small players.
At least 16 companies are included: Company Philips Drager Konica MinoltaTo know more competitorThe information for each competitor includes: Company Profile Main Business Information SWOT Analysis Sales, Revenue, Price and Gross Margin Market ShareFor product type segment, this report listed main product type of Bilirubin Blood Test market in gloabal and china.
Transcutaneous Bench-topFor end use/application segment, this report focuses on the status and outlook for key applications.
Bilirubin Blood Test Market Overview:The bilirubin blood test market is proving its worth by permeating healthcare sector in an impactful way.
However, the bilirubin blood test market is cementing foothold strongly as the disease can cause damage both in adult and infant bodies.
The global bilirubin blood test market can grow with a 5.44% CAGR during the forecast period (2016-2027), claims Market Research Future (MRFR).
Their latest report contains segmental analysis in detail and focuses on factors that can impact the market in the coming years.
Among the other factors, the rise in the manufacturing of portable/ hand-held devices for these tests is expected to assist the market growth.
At the same time, hospitals and clinics are providing enough ground for easy and fast diagnosis which can help the market in the expansion.
