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| Global Jaundice Meter Market Size |
Jaundice meters are medical devices used to detect raised levels of bilirubin
in newborns, which can indicate jaundice. They allow for quick and easy testing
of bilirubin levels through a non-invasive process. With rising awareness about
the dangers of severe jaundice and the importance of timely treatment, the
demand for jaundice meters has increased globally.
The global
Jaundice Meter Market is estimated to be valued at US$ 93.09 Mn in 2023 and is expected to exhibit a CAGR of 4.6% over the forecast period
2023 to 2030, as highlighted in a new report published by Coherent Market
Insights.
Market key trends:
One of the key trends driving the growth of the jaundice meter market is the
increasing cases of neonatal jaundice worldwide. As per studies, around 60% of
newborn infants experience jaundice, making it one of the most common
conditions affecting newborns. If left untreated, severe jaundice can result in
complications like brain damage. As a result, health authorities across
countries are promoting screening of all infants for jaundice before discharge
from hospitals. This is increasing the demand for jaundice meters to enable
quick and easy jaundice screening. With enhanced awareness and greater focus on
neonatal healthcare, this trend is expected to significantly contribute to the
expansion of the global jaundice meter market over the forecast period.
Segment Analysis
The global jaundice meter market is dominated by transcutaneous jaundice meters
segment. Transcutaneous jaundice meters are non-invasive photometers to measure
the level of bilirubin in newborn skin and are dominating the market as these
are portable, easy to use, and considered a reliable alternative to blood test
method for screening of neonatal jaundice.
Key Takeaways
Global
Jaundice Meter Market Size is expected to witness high growth during
the forecast period 2023 to 2030. The global Jaundice Meter Market is estimated
to be valued at US$ 93.09 Mn in 2023
and is expected to exhibit a CAGR of
4.6% over the forecast period 2023 to 2030.
Regional analysis shows that North America is expected to dominate the jaundice
meter market during forecast period. Factors such as growing technological
advancements, rising prevalence of neonatal jaundice and presence of
well-established healthcare infrastructure in North American countries are
expected to drive regional market growth.
Key players
operating in the jaundice meter market are Aegis Medicals, Refine Medical
Technology, Delta Medical International, Micro Lab, M&B, Dräger, Xuzhou
Kejian Hi-tech, Natus Medical. Rising global prevalence of neonatal jaundice is
leading to growing adoption of advanced jaundice screening devices. Key players
are focusing on geographical expansion and new product launches to strengthen
their market position. Regulations regarding screening of neonatal jaundice are
also fueling adoption of jaundice meters globally.
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