Jaundice meters help in measuring bilirubin levels non-invasively and painlessly in babies. With rising cases of neonatal jaundice globally, the demand for jaundice meters has increased considerably. The global Jaundice Meter Market is estimated to be valued at US$ 107.24 Mn in 2023 and is expected to exhibit a CAGR of 4.6% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The key trend driving the growth of the Global Jaundice Meter Market Size is the rising prevalence of neonatal jaundice. According to the World Health Organization (WHO), nearly 60% of newborns develop jaundice worldwide with majority of cases occurring in developing countries. Improved diagnostic capabilities and increased awareness about early detection of neonatal jaundice has fueled the adoption of jaundice meters. Further, technologically advanced jaundice meters with features like wireless connectivity and data transmission are gaining traction. Innovation and introduction of affordable jaundice meters specifically designed for use in home settings is another major trend expected to support the growth of the market during the forecast period.
Segment Analysis
The global jaundice meter market is dominated by the transcutaneous jaundice meters segment due to its non-invasive nature and high accuracy in measuring bilirubin levels in newborn babies. Transcutaneous jaundice meters do not require any blood sampling and provide bilirubin readings by shining multiple wavelengths of light through the skin and measure how much light is absorbed.
Key Takeaways
The global jaundice meter market is expected to witness high growth over the forecast period.
Regional analysis: North America is currently the largest and the fastest growing regional market for jaundice meters due to growing awareness and adoption of modern techniques for screening and diagnosis of neonatal jaundice. The availability of advanced healthcare infrastructure and high healthcare spending are supporting the growth of the jaundice meter market in the region.
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, and Natus Medical.
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