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The bilirubin meters market has seen robust growth recently, increasing from $0.49 billion in 2023 to $0.53 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. This growth is due to factors such as increasing awareness, supportive government policies and programs, a rising preference for home healthcare, an aging population, and economic development in emerging markets. The market is expected to continue growing strongly, reaching $0.71 billion by 2028 with a CAGR of 7.5%. This anticipated growth is driven by rising incidence of neonatal jaundice, increased healthcare expenditure, growth in the number of diagnostic centers, favorable reimbursement policies, and the expansion of medical tourism. Key trends for the forecast period include innovations in bilirubin meter technology, development of hospital infrastructure, demand for point-of-care diagnostic devices, increased investments in research and development, and collaborations between manufacturers and healthcare providers.

The increasing prevalence of liver diseases is expected to propel the growth of the bilirubin meter market going forward. Liver diseases, which impair liver function and involve inflammation, scarring, or damage from factors such as infections, toxins, genetic disorders, or chronic diseases, are rising due to the increasing prevalence of risk factors like obesity, excessive alcohol consumption, viral infections, and lifestyle-related conditions, coupled with improved diagnostic capabilities. Bilirubin meters are essential for accurately and non-invasively measuring bilirubin levels to diagnose, monitor, and manage conditions related to liver dysfunction and jaundice. For instance, in April 2024, according to the Office for Health Improvement and Disparities, a UK-based government department, the number of premature deaths from hepatitis C has plateaued over the last three years, with figures of 233 in 2022, 241 in 2021, and 237 in 2020. In 2022, England reported 5,776 deaths from alcoholic liver disease, with a rate of 11.6 premature deaths per 100,000 people under the age of 75. Therefore, the increasing prevalence of liver diseases is driving the growth of the bilirubin meter market.

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What Are The Key Trends That Influence Bilirubin Meters Market Share Analysis?

Major companies operating in the bilirubin meters market are developing technologically advanced products, such as non-invasive bilirubin meters, to provide a quick, painless, and convenient method for monitoring bilirubin levels. A non-invasive bilirubin meter is a medical device that measures bilirubin levels in the blood without the need for a blood sample, typically using light-based technologies like transcutaneous spectrophotometry. For instance, in November 2022, Yishan Medical, a China-based company that specializes in medical devices, launched the Intelligent Neonatal Transdermal Jaundice Instrument. The Intelligent Neonatal Transdermal Jaundice Instrument from Yishan Medical features a patented optical detection technology developed exclusively by the company, breaking the high price barrier set by foreign technology monopolies. Compact and lightweight, this easy-to-operate device significantly enhances portability and accessibility. It is ideal for medical institutions aiming to establish primary jaundice monitoring services, promote neonatal jaundice care at the primary healthcare level, improve jaundice detection accessibility, and ensure high-quality medical services.

How Is The Global Bilirubin Meters Market 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

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The Bilirubin Meters Global Market Report 2024 provides an overview of the bilirubin meters market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The bilirubin meters market forecast analyzes bilirubin meters market size, bilirubin meters market share, leading competitor and their market positions.

The Table Of Content For The Bilirubin Meters Market Include:

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