Bilirubin Blood Test Market Key Insights 2024-2033: Growth Rate, Trends And Opportunities
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The bilirubin blood test market has grown significantly in recent years, increasing from $1.26 billion in 2023 to $1.35 billion in 2024 at a compound annual growth rate (CAGR) of 7.1%. This growth can be attributed to the increasing prevalence of liver diseases, advancements in neonatal care, and rising health awareness. Additional factors include technological innovations, the development of healthcare infrastructure, regulatory approvals, and the growing adoption of point-of-care testing. Looking ahead, the bilirubin blood test market is expected to continue growing, reaching $1.78 billion in 2028 at a CAGR of 7.2%. Key drivers of growth during the forecast period include the rising demand for early diagnosis, the expansion of diagnostic laboratories, the increasing incidence of chronic diseases, and the growth of emerging markets. Major trends expected to shape the market include the development of non-invasive testing methods, the integration of digital health solutions, advancements in home testing kits, improvements in test accuracy and speed, personalized medicine approaches, smart diagnostic devices, and the development of portable testing devices.
The rising incidences of liver diseases are expected to contribute significantly to the growth of the bilirubin blood test market in the future. Liver diseases encompass various conditions that hinder the liver’s ability to function properly, resulting from diverse causes such as infections, alcohol abuse, or metabolic disorders. The growing prevalence of liver diseases can be linked to rising obesity rates, excessive alcohol consumption, viral infections, and unhealthy lifestyle choices that collectively contribute to liver dysfunction and damage. Bilirubin levels in the body are affected by liver disease, and bilirubin blood tests play a crucial role in diagnosing and monitoring liver function, offering essential insights into patient health and assisting healthcare providers in managing liver-related conditions effectively. For example, a report from the European Centre for Disease Prevention and Control in April 2024 revealed that there were 28,855 recorded cases of hepatitis B virus (HBV) infection across 30 EU/EEA Member States in 2022, reflecting a 78% increase compared to 16,187 cases in 2021. Therefore, the rising incidences of liver diseases are driving the growth of the bilirubin blood test market.
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What Are The Key Trends That Influence Bilirubin Blood Test Market Share Analysis?
Major companies in the bilirubin blood test market are adopting a strategic partnership approach to expand their reach and enhance their service offerings. Such a partnership typically involves a collaborative relationship between two or more organizations, combining resources, expertise, and efforts to achieve shared goals. For example, in December 2023, Calmark Sweden AB, an Israel-based medical diagnostic biotechnology company, signed an exclusive distributor agreement with Techno Orbits in Saudi Arabia for Calmark’s bilirubin test designed for newborns. Techno Orbits will manage the distribution and sales of the product, utilizing its existing network and relationships, including those with the Ministry of Health. This partnership aims to facilitate the introduction of Calmark’s bilirubin test into the Saudi market, where regulatory registration is expected to take 3 to 6 months.
Which Market Players Are Driving Growth In The Bilirubin Blood Test Market?
Major companies operating in the bilirubin blood test market are F.Hoffmann-La Roche Ltd, Thermo Fisher Scientific Inc., Abbott Laboratories, Danaher Corporation, Siemens Healthineers AG, Koninklijke Philips N.V., Mindray Medical International Limited, Beckman Coulter Inc., Drägerwerk AG and Co. KGaA, Sysmex Corporation, Bio-Rad Laboratories Inc., Konica Minolta Inc., Instrumentation Laboratory LLC, Randox Laboratories Ltd., Ortho Clinical Diagnostics Inc., Natus Medical Incorporated, Nova Biomedical, Advanced Instruments LLC, Helmer Scientific Inc., Reichert Technologies Inc., Rousselet Robatel SAS, Labnet International Inc., AVI Healthcare Pvt. Ltd., Ginevri S.p.A.
How Is The Global Bilirubin Blood Test Market Segmented?
The bilirubin blood testmarket covered in this report is segmented –
1) By Test Type: Total Serum Bilirubin Test, Indirect Or Unconjugated Bilirubin Test, Direct Or Conjugated Bilirubin Test
2) By Age Group: Adults, Pediatrics, Infants
3) By Application: Hospital, Clinic, Other Applications
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The Bilirubin Blood Test Global Market Report 2024 provides an overview of the bilirubin blood testmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The bilirubin blood test market forecast analyzes bilirubin blood test market size, bilirubin blood test market share, leading competitor and their market positions.
The Table Of Content For The Bilirubin Blood Test Market Include
1. Bilirubin Blood Test Market Executive Summary
2. Bilirubin Blood Test Market Segments
3. Bilirubin Blood Test Market Size And Template Market Growth Rate
4. Key Bilirubin Blood Test Market Trends
5. Major Bilirubin Blood Test Market Drivers
……
25. Key Mergers And Acquisitions In The Bilirubin Blood Test Market
26. Top Bilirubin Blood Test Companies
27. Bilirubin Blood Test Market Opportunities And Strategies
28. Bilirubin Blood Test Market, Conclusions And Recommendations
29. Appendix
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