Bilirubin Meters Market Forecast 2025-2034: Growth Dynamics, Emerging Trends, and Strategic Opportunities
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
What External and Internal Drivers Are Contributing to the Growth of theBilirubin Meters Market?
The surge in incidences of liver diseases is predicted to fuel the expansion of the bilirubin meter market. Liver illnesses comprise a varied range of disorders that compromise liver operation, typically caused by inflammation, fibrosis, or injury from elements such as infections, toxins, hereditary diseases, or chronic illnesses. These diseases are growing due to elevated levels of risk factors like overweight, excessive drinking, viral infections, and conditions related to lifestyle, along with better diagnostic capacity. Bilirubin meters are necessary for diseases of the liver to precisely and non-intrusively determine the levels of bilirubin, aiding in the diagnosis, monitoring, and management of conditions associated with liver malfunction and jaundice. For example, in April 2024, as per a study issued by the Office for Health Improvement and Disparities, a government department based in the UK, the premature death rate from hepatitis C has been stable over the past three years, with counts of 233 in 2022, 241 in 2021, and 237 in 2020. In 2022, England reported an incidence of 11.6 premature fatalities per 100,000 individuals under 75 years old due to alcoholic liver disease, totaling 5,776 deaths. Consequently, the rising occurrences of liver illnesses are steering the growth of the bilirubin meter market.
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How Will the Growth Rate of theBilirubin Meters Market Impact Industry Trends by 2034?
The market size for bilirubin meters has seen robust growth in the past few years. It is expected to rise from $0.53 billion in 2024 to $0.57 billion in 2025, with a compound annual growth rate (CAGR) of 7.5%. The significant growth during the historic period can be credited to factors such as a rise in awareness, favorable government initiatives and policies, a growing preference for healthcare services at home, an aging population, and economic growth in emerging markets.
The market for bilirubin meters is anticipated to undergo robust expansion in the upcoming years. By 2029, it is projected to reach $0.76 billion, with a compound annual growth rate (CAGR) of 7.5%. The predicted growth during this period is due to the increasing incidence of neonatal jaundice, escalating healthcare expenditures, surge in the number of diagnostic centers, positive reimbursement policies, and enhancement in medical tourism. Key trends expected during this period involve advancements in the technology behind bilirubin meters, development in hospital infrastructure, demand for point-of-care diagnostic devices, investment in research and development, and partnership between manufacturers and healthcare providers.
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Which Upcoming Market Trends and Innovations Are Set to Influence theBilirubin Meters Market’s Path Forward?
Leading businesses in the bilirubin meters market are innovating and introducing technologically superior products like non-invasive bilirubin meters. These new devices offer a fast, non-painful, and convenient way to monitor bilirubin levels, without requiring blood samples, mostly using light-powered technologies such as transcutaneous spectrophotometry. Yishan Medical, a company from China specializing in medical devices, for instance, recently launched the Intelligent Neonatal Transdermal Jaundice Instrument in November 2022. This particular instrument from Yishan Medical utilizes a patented optical detection technology that is the company’s own unique development, challenging the steeply-priced market dominated by foreign technology monopolies. With its compact size and lightweight feature, this user-friendly device greatly improves ease of portability and access. It is the perfect choice for healthcare institutions looking to set up basic jaundice monitoring services, enhance neonatal jaundice care at the grassroots level, increase accessibility to jaundice detection facilities, and maintain high standards of medical services.
Who Are the Dominant Market Players Pushing the Boundaries of theBilirubin Meters Market?
Major companies operating in the bilirubin meters market are Hoffmann-La Roche Ltd., Abbott Laboratories, Siemens Healthineers AG, Koninklijke Philips N.V., GE Healthcare, Shenzhen Mindray Bio-Medical Electronics Co. Ltd., PerkinElmer, Drägerwerk AG Co., Sysmex Corporation, Konica Minolta Business Solutions Inc., Masimo Corp., Beckman Coulter Inc., Nova Biomedical, Loewenstein Medical UK Ltd., Ningbo David Medical Device Co. Ltd., Reichert Inc., A. Menarini Diagnostics Srl, Mennen Co., Delta Medical International Ltd., AVI Healthcare Pvt Ltd., Olidef, Micro Lab Instruments, Aegis Medical Innovations Inc., Medi Waves Inc., Ginevri Srl
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What Are the Core Segments of the Bilirubin Meters Market, and How Do They Contribute to Growth?
The bilirubin meters market covered in this report is segmented –
1) By Product: Transcutaneous Devices, Benchtop
2) By Age Group: Neonates, Adults
3) By Indication: Jaundice, Hepatitis, Other Indications
4) By Application: Hospital, Medical Center, Other Applications
Subsegments:
1) By Transcutaneous Devices: Handheld Transcutaneous Bilirubin Meters, Portable Transcutaneous Bilirubin Meters
2) By Benchtop: Single-Channel Benchtop Bilirubin Meters, Multi-Channel Benchtop Bilirubin Meters
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What Regions Are Dominating the Bilirubin Meters Market Growth?
North America was the largest region in the bilirubin meters market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bilirubin meters market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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