Bilirubin Meters Market - Top Companies, Business Growth & Investment Opportunities, Share and Forecasts

(MENAFN- Comserve) Shibuya-ku, Tokyo, Japan, Japan, Jul 20, 2021, 04:18 /Comserve / -- Bilirubin Meters Market :Global Size, Share, Trends, Forecast, Growth, Key Players, Market Segments & Regional Analysis (Latin America, North America, Asia Pacific, Europe, Middle East)

"The report on Bilirubin Meters Market was recently published by SDKI, which includes the latest market trends, current and future opportunities along with the factors that are driving the growth of the market. This report further encompasses the records for the expansion of the market along with information on the investment opportunities that help the clients to take positive decisions on the parameters for gaining profitable revenues. Moreover, the report also contains identification and investigation of the market structure, in-depth qualitative analysis, restraints & challenges, growth drivers, emerging product trends & market opportunities and Porter’s five forces.

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Bilirubin Meters Market: Overview

• According to the latest report on the global bilirubin meters market for the historical period 2018-2019 and forecast period 2020-2030 , increase in demand for effective diagnosis of neonatal jaundice is projected to drive the global bilirubin meters market during the forecast period
• According to the report, the global bilirubin meters market was valued at ~ US$ 250 Mn in 2019 and is projected to reach ~ US$ 500 Mn  by 2030, expanding at a CAGR of ~7% from 2020 to 2030

Increase in Demand for Effective Diagnosis of Neonatal Jaundice: Key Drivers

• Neonatal jaundice is a self-limiting condition and not always harmful; however, significantly high levels of bilirubin can cause permanent brain damage called kernicterus. Thus, doctors are very keen about the diagnosis of neonatal jaundice in early stages in order to manage it appropriately.
• According to the African Journal of Primary Healthcare & Family Medicine, risk factors studied in different studies of neonatal jaundice in healthy term babies include instrumental delivery, induction of labor with oxytocin, Asian race, normal vaginal delivery, babies born via C-section, infant bruising, and heavy and frequent breastfeeding
• Newborns develop symptoms of jaundice in 2 to 3 days after birth, and it gets better without treatment in 2 week old newborns
• Bilirubinometer is utilized to calculate the level of bilirubin by analyzing how the light reflects off or is absorbed by the skin, or a blood test of a sample of blood taken from baby's heel with a needle. These treatments are recommended to reduce the risk of a rare but serious complication of newborn jaundice, called kernicterus.
• Current management of jaundice in the U.K. is guided by the NICE guideline. An infant with a rapidly rising bilirubin level, or a high serum bilirubin, needs to be treated urgently to avoid neurotoxicity.
• All the factors mentioned above are expected to drive the market during the forecast period

Rise in Demand for Portable/Handheld Diagnostic Devices Boosts Market

• Demand for potable/handheld diagnostic devices is increasing to test the bilirubin levels in newborn babies
• For instance, according to IEEE GlobalSpec, a device was developed by Rice University and qualified for the usage for testing bilirubin levels in neonates. The device, named BiliSpec RICE 360, is a handheld battery powered device.
• BiliSpec is a component of a 17-piece neonatal package called NEST (Newborn Essential Solutions and Technologies) designed specifically for hospitals in Africa
• The device is quick in testing and the result is displayed on a digital screen on the device. It indicates the level of bilirubin in the blood.
• Bilirubin in the blood is recorded regularly by the doctor. It is very painful to prick every time to withdraw blood from the baby’s heel for the test. This device is gentle in use and is pain-free, as the device causes no harm to the baby. Consequently, demand for these devices is increasing.
• Development and use of such devices are expected to drive the market during the forecast period

Reliability and Accuracy Issues of Transcutaneous Bilirubinometers across Different Ethnic Groups to Hamper Market

• Transcutaneous bilirubinometry has witnessed rapid technological advancements, and is an effective tool to assess bilirubin levels in newborns. Complete adoption of transcutaneous bilirubin (TcB) in clinical practice is still resisted by clinicians due to varying results, which depend on race, gestational age, epidemiological, and other genetic factors.
• For instance, despite JM 103, BiliChek is used with the skin pigmentation in jaundice. TcB and total serum bilirubin (TSB) are different in babies of African-American descent. Color-coded scales were rarely used for comparison, and these codes depend completely on ethnic backgrounds and race. The result in the transcutaneous bilirubinometer index (TcBI) is more reliable in lighter skin color babies than darker skin color babies.
• These factors are expected to restrain the market during the forecast period

Bilirubin Meters Market: Competition Landscape

• This report profiles major players in the global bilirubin meters market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments
• The bilirubin meters market is moderately fragmented, with the presence of numerous large and small players
• Major players operating in the global bilirubin meters market are:
  • F. Hoffmann-La Roche Ltd.
  • Koninklijke Philips N.V.
  • Shenzhen Mindray Bio-Medical Electronics Co., Ltd
  • Siemens Healthineers AG
  • Drägerwerk AG & Co. KGaA
  • Zhengzhou Dison Instrument And Meter Co., Ltd
  • Mennen Medical Ltd.
  • Natus Medical Incorporated
  • Ningbo David Medical Device Co., Ltd
  • Micro Lab Instruments, APEL Co., Ltd.
  • Avihealthcare

Bilirubin Meters Market: Key Developments

• On November 12, 2013, Draeger launched JM-105 jaundice meter in the U.K. The device is for non-invasive transcutaneous bilirubinometer designed to identify at-risk infants as young as 24 weeks gestational age.
• The report on the global bilirubin meters market discussed individual strategies, followed by company profiles of manufacturers of bilirubin analyzers and meters. The competition landscape section has been included in the report to provide readers with a dashboard view and a company market share analysis of key players operating in the global bilirubin meters market.

Bilirubin Meters Market – Scope of the Report

The report on the global bilirubin meters market studies past as well as current growth trends and opportunities to gain valuable insights of these indicators for the market during the forecast period from 2020 to 2030. The report provides the revenue of the global bilirubin meters market for the period 2018–2030, considering 2019 as the base year and 2030 as the forecast year. The report also provides the compound annual growth rate (CAGR) of the global bilirubin meters market during the forecast period.

The report has been prepared after extensive primary and secondary researches. Primary research involved bulk of research efforts, wherein analysts carried out interviews with industry leaders and opinion makers. Secondary research involved referring to key players’ product literature, annual reports, press releases, and relevant documents to understand the global bilirubin meters market.

Secondary research also included Internet sources, statistical data from government agencies, websites, and trade associations. Analysts employed a combination of top-down and bottom-up approaches to study various phenomenon in the global bilirubin meters market.

The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments included in the scope of the study. Furthermore, the report sheds light on changing competitive dynamics in the global bilirubin meters market. These indices serve as valuable tools for existing market players as well as for entities interested in entering the global bilirubin meters market.

The report delves into the competition landscape of the global bilirubin meters market. Key players operating in the global bilirubin meters market have been identified, and each one of these has been profiled for distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players in the global bilirubin meters market that have been profiled in this report.

Key Questions Answered in Bilirubin meters Market Report

• What is the scope of growth of companies in the global bilirubin meters market?
• What will be the Y-o-Y growth of the global bilirubin meters market between 2020 and 2030?
• What is the influence of changing trends in technologies on the global bilirubin meters market?
• Will North America continue to be the most profitable market for bilirubin meters providers?
• Which factors will hamper the growth of the global bilirubin meters market during the forecast period?
• Which are the leading companies in the global bilirubin meters market?

Research Methodology

A unique research methodology has been utilized to conduct a comprehensive research on the growth of the global bilirubin meters market and arrive at conclusions on the growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions.

Secondary sources referred to by analysts during the production of the global bilirubin meters market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who have contributed to the production of the study on the bilirubin meters market as primary sources.

These primary and secondary sources have provided exclusive information during interviews, which serves as a validation from bilirubin meters market leaders. Access to extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global bilirubin meters market with accuracy. The study also uses the top-down approach to assess the revenue numbers for each segment and the bottom-up approach to counter-validate them. This has helped in reaching estimates on future prospects of the global bilirubin meters market more reliably and accurately.

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Table of Content
1. Preface

1.1. Market Definition and Scope

1.2. Market Segmentation

1.3. Key Research Objectives

1.4. Research Highlights

2. Assumptions and Research Methodology

3. Executive Summary : Global Bilirubin Meters Market

3.1. Market Overview

3.2. Introduction

3.3. Overview

3.4. Market Dynamics

3.4.1. Drivers

3.4.2. Restraints

3.4.3. Opportunities

3.5. Global Bilirubin Meters Market Analysis and Forecast, 2018–2030

4. Key Insights

4.1. Impact of COVID-19 Pandemic

4.2. Epidemiology Overview of Indicative Diseases

4.3. Porter’s Five Force Analysis

4.4. Health Care Overview

5. Global Bilirubin Meters Market Analysis and Forecast, by Product

5.1. Introduction & Definition

5.2. Key Findings / Developments

5.3. Global Bilirubin Meters Market Value Forecast, by Product, 2018–2030

5.3.1. Transcutaneous (Hand-held) Devices

5.3.1.1. Two-wave Length Devices

5.3.1.2. Multiple Wave Length Devices

5.3.2. Bench-Top

5.4. Global Bilirubin Meters Market Attractiveness, by Product

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