Bilirubin Blood Test Market
Bilirubin Blood Test Market size is calculated to index a 6.30% CAGR. It is estimated that its market value will shoot up to USD 2.32 Billion by the year 2030.
The bilirubin blood test market is proving its worth by permeating healthcare sector in an impactful way. Bilirubin is a component that can break down heme, an iron-containing compound. If it is present in abnormally high number in the blood, it can cause jaundice, anemia, and other liver diseases. However, the bilirubin blood test market is cementing foothold strongly as the disease can cause damage both in adult and infant bodies. This has made early detection a necessity. 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. An increasing number of diseases such as hepatitis, liver cirrhosis, and hemolytic anemia can also be considered driving factors for the bilirubin blood test market. At the same time, hospitals and clinics are providing enough ground for easy and fast diagnosis which can help the market in the expansion.
Major Key Players:
MRFR recognizes the Bilirubin Blood Test Market Players are— Koninklijke Philips N.V. (Noord-Holland), Beckman Coulter, Inc. (US), Thermo Fisher Scientific Inc. (US), Randox Laboratories Ltd. (UK), Hoffmann-La Roche AG (Switzerland), Drägerwerk AG & Co. KGaA (Germany), Ginevri (Italy), Advanced Instruments (US), Reichert, Inc. (US), Instrumentation Laboratory (US)., AVI Healthcare Pvt. Ltd.
Segment Analysis
The global bilirubin blood test market can be segmented by test type, product type, application, and end-users.
By test type, the bilirubin blood test market includes serum bilirubin, direct/conjugated bilirubin test and indirect/unconjugated bilirubin test. Total serum bilirubin is currently leading the market and can do the same with 3.77% CAGR over the forecast period. Meanwhile, direct/conjugated bilirubin test can gain grounds with the fastest CAGR during the review period.
Based on product type, the bilirubin blood test market comprises consumables and instruments. Consumables segment is spearheading the market and is expected to dominate the coming years with a 5.02% CAGR over the forecast period. Meanwhile, the instrument segment can be the fastest growing segment during the forecast period.
Application-wise, the bilirubin blood test market can be segmented into pediatric/infants and adults. Infants segment has emerged as the highest grossing sub-segment. However, adults segment is witnessing the steep rise and can grow with the fastest CAGR during he forecast period.
Based on end-users, the bilirubin blood test market consists hospitals, pediatric clinics, and home healthcare. People rely mostly on hospitals which make the segment the largest and it can grow with an impressive CAGR of 5.70% during the review period. On the other hand, neo-natal jaundice cases are giving rise to the pediatric clinics segment which can grow with the highest CAGR during the forecast period.
Regional Analysis
Geographically, the bilirubin blood test market includes the Americas, Europe, Asia Pacific (APAC), and the Middle East and Africa (MEA).
The Americas are currently the frontrunner that includes North and South America. North America, with its infrastructural advantage, is presently dominating the region. The presence of several biotechnology companies is only boosting the market prospect.
Europe has the second largest market. The region has grown alert and has created a vast network to diagnose jaundice cases in infants. Aided by technological advancement, the region is doing remarkably good.
The APAC is the fastest growing region. Its huge population is driving the regional market forward. With emerging economies spending significantly in the development of their healthcare sector, the market is bound to grow. These huge investments have ensured good fortune for the market in the foreseeable future.
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