Bilirubin Assay Kits Market: Overview

Red blood cells are broken down in the reticuloendothelial system, primarily the spleen. The dead cells inside the spleen are converted to bilirubin upon removal of iron. This process accounts for about 80% of the bilirubin formed every day inside a human body. The bilirubin is transferred to liver in the form of indirect or unconjugated bilirubin. Conjugated bilirubin is excreted via the biliary system into the intestine, where it is metabolized by bacteria known collectively as stercobilinogen. The body produces bilirubin in the form of unconjugated and conjugated fractions. The bilirubin is elevated in hepatitis, cirrhosis, hemolytic disorders, several inherited enzyme deficiencies, and conditions causing hepatic obstruction. Rise in incidence of hepatitis in neonates, adults, and liver-related diseases increases the usage of bilirubin assay kits, which in turn drives demand of tests using bilirubin assay kits among the population. Moreover, new developments in analytical method and diagnostic technique approaches are paving the way for early diagnosis and treatment of liver diseases. 

Bilirubin Assay Kits Market: Key Trends

High prevalence of diseases such as hepatitis, cirrhosis, and other liver related diseases, increase in the geriatric population, and rise in research & development initiatives are projected to drive the global bilirubin assay kits market. Additionally, advent in constituent of exogenous markers, rise in government funding, increase in the number of initiatives for clinical laboratories, development of innovative intravesical therapies, and aggressive marketing by pharma companies propel the global market. Favorable reimbursements, novel treatments, robust pipeline, and patent cliff of certain assays are anticipated to boost the growth of the global bilirubin assay kits market during the forecast period. However, high cost of treatment using bilirubin assay kits and time consuming process of using assays are expected to be major restraints of the global market during the forecast period.  

Bilirubin Assay Kits Market: Segmentation

The global bilirubin assay kits market can be segmented based on age group, disease type, end-user, and region. In terms of age group, the market can be bifurcated into adults and neonates & infants. Based on disease type, the global bilirubin assay kits market can be classified into hemolytic jaundice, obstructive jaundice, hepatic jaundice, cirrhosis, and others. The hemolysis jaundice segment is projected to grow at a rapid pace owing to increase in number of patients with unconjugated bilirubin level. Rise in the number of neonates is a major factor anticipated to fuel the growth of the hemolytic jaundice segment in the near future. In terms of end-user, the market can be divided into hospital laboratories, clinical laboratories, research & labs, and others. 

Bilirubin Assay Kits Market: Regional Analysis

Based on region, the global bilirubin assay kits market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global market in 2018 due to large geriatric population suffering from liver diseases, rise in the number of devices receiving regulatory approvals, FDA approval for assays & kits, and increase in demand for new and advanced kits for clinical tests. Increase in the incidence of liver diseases, early phase diagnosis of cirrhosis, and treatment of other liver diseases drive the pharmaceutical industries market. This in turn is expected to augment the bilirubin assay kits market in North America. Europe was the second largest market for bilirubin assay kits in 2018 due to favorable government policies regarding the development of health care infrastructure and laboratories. Expansion of research and development units and pathology labs in countries in Europe is also a major factor likely to drive the bilirubin assay kits market in the region. The market in Asia Pacific is projected to expand at a high CAGR during the forecast period due to increase in geriatric population with chronic diseases. Rise in awareness among patients about liver diseases, jaundice among premature babies, and increase in per capita health care expenditure are factors anticipated to fuel the growth of the bilirubin assay kits market in Asia Pacific. Additionally, economic growth which supports health care infrastructure in India and China and expansion of pharmaceutical companies and biotech labs are expected to boost the growth of the market in Asia Pacific from 2019 to 2027. 

Bilirubin Assay Kits Market: Competitive Landscape

Major players operating in the global bilirubin assay kits market are Randox Laboratories Ltd., Roche Diagnostics, Danaher Corporation, Siemens Diagnostics (Siemens AG), Johnson & Johnson, Merck KGaA, POINTE Scientific, Inc., and Reckon Diagnostics P. Ltd., among others.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Bilirubin Assay Kits Market

Pre Book