 |
| Global jaundice meters Market Size |
The jaundice meter market comprises
devices used to diagnose neonatal jaundice or jaundice in newborn babies.
Jaundice meters help measure the level of bilirubin, a yellow pigment, in the
blood or skin to determine if the baby has mild, moderate, or severe jaundice.
Bilirubin is a by-product of normal breakdown of red blood cells. If the level
of bilirubin rises too high in a newborn's bloodstream, it can cause jaundice.
Jaundice meters provide non-invasive, quick, and accurate measurements to
detect jaundice at an early stage for timely treatment if required. The growing
incidence of jaundice owing to preterm births and related complications has
fuelled the demand for jaundice meters to screen newborns effectively.
The Global jaundice meter market is estimated to be
valued at US$ 107.24 Mn in 2024 and
is expected to exhibit a CAGR of 4.6% over
the forecast period 2024 to 2030.
Key Takeaways
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. Aegis Medicals and Refine Medical
Technology collectively hold over 50% of the global market share.
Key opportunities in the jaundice meter market include developing low-cost and
portable devices suitable for home settings. Market leaders are focusing on
expanding access through telehealth services and partnerships with hospitals in
developing countries.
Global expansion remains a key focus for major players in Global
jaundice meters Market Size. Increasing awareness about neonatal
jaundice screening programs in Asia Pacific and Latin America provides
lucrative growth opportunities. Manufacturers are also strengthening their
presence in Eastern Europe and the Middle East & Africa through
distribution agreements.
Market drivers: Rising incidence of preterm births and related jaundice risk is
a major growth driver. According to World Health Organization, prematurity is
the leading cause of death in children under 5 years of age. This is expected
to drive the demand for jaundice meters for screening.
Market restraints: High cost of advanced jaundice meters limits access to
resource-poor regions. Also, lack of universal jaundice screening programs in
some developing countries poses a challenge. However, development of affordable
devices and partnership models can help lower costs and reach more at-risk
newborns.
Segment Analysis
The global jaundice meter market is dominated by the transcutaneous jaundice
meter segment due to its non-invasive nature and portability. This segment held
around 60% share of the overall market in 2024 owing to the advantages it
offers such as instant results without any pain or discomfort to newborns. The
rising awareness about importance of early detection of jaundice is further
driving the adoption of transcutaneous jaundice meters globally.
Global Analysis
North America accounted for the largest share of the jaundice meter market in
2024 due to rising cases of neonatal jaundice and presence of advanced
healthcare facilities. Countries like the US and Canada are expected to witness
high demand for jaundice meters during the forecast period. The Asia Pacific
region is projected to grow at the fastest pace during 2024-2030. Factors such
as rising birth rates, increasing disposable incomes, growing awareness about
neonatal care are fueling the adoption of jaundice meters in countries like
China and India.
Get More Insights On This Topic: https://www.newsstatix.com/the-jaundice-meter-market-is-set-to-experience-surge-in-demand-driven-by-technological-advancements/