Bilirubinometer Market Size, Share, Industry Trends and Forecast to 2030

Bilirubinometer Market Size & CAGR in 2021

The global bilirubinometer market is expected to witness a steady growth rate of 4.2% CAGR from 2021 to 2028. The market size is anticipated to reach USD 134.6 million by the end of 2028. This growth can be attributed to the increasing prevalence of jaundice in newborns and the rising demand for non-invasive and accurate diagnostic devices.

COVID-19 Impact on the Bilirubinometer Market

The COVID-19 pandemic has had a mixed impact on the bilirubinometer market. On one hand, the increased focus on healthcare infrastructure and diagnostic devices has boosted the demand for bilirubinometers. On the other hand, the disruptions in the supply chain and healthcare services have hindered the market growth to a certain extent.

Bilirubinometer Dynamics

The bilirubinometer market is driven by factors such as the growing incidence of jaundice in newborns, technological advancements in diagnostic devices, and increasing investments in healthcare infrastructure. However, factors like the high cost of devices and the lack of awareness in developing regions act as restraints for market growth.

Segments and Related Analysis

The bilirubinometer market can be segmented based on product type, technology, end-user, and region. Product types include bench-top bilirubinometers, transcutaneous bilirubinometers, and handheld bilirubinometers. Technologies include spectrophotometry and reflectance photometry. End-users of bilirubinometers are hospitals, clinics, diagnostic centers, and others.

By Region Analysis

The bilirubinometer market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America holds the largest market share due to the presence of advanced healthcare infrastructure and the high prevalence of jaundice. Asia Pacific is expected to witness significant growth due to the increasing focus on neonatal healthcare.

Key Market Players and Competitive Landscape

Key players in the bilirubinometer market include Drägerwerk AG, Koninklijke Philips N.V., Nufer Medical, Mennen Medical, and Micro Lab Instruments. These companies focus on product innovation, strategic collaborations, and geographic expansion to maintain their market position.

Recent Happenings in the Bilirubinometer Market

In recent developments, Drägerwerk AG launched a new handheld bilirubinometer with enhanced accuracy and ease of use. Koninklijke Philips N.V. introduced a cloud-based software solution for remote monitoring of bilirubin levels in newborns. These advancements reflect the ongoing efforts of market players to improve diagnostic capabilities and patient outcomes.