Jaundice meters are medical devices used to measure the level of bilirubin in blood. They help to detect jaundice in newborn babies without requiring painful blood tests. With growing awareness about the importance of early detection of neonatal jaundice, adoption of home-based screening using jaundice meters is rising. 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:
Advancements in Global Jaundice Meter Market Size technologies backed by extensive R&D are being increasingly adopted to screen for neonatal jaundice. Manufacturers are focusing on developing portable and easy-to-use jaundice screening devices integrated with advanced features such as Bluetooth connectivity for telemedicine. This allows real-time monitoring of infants at home and rapid diagnosis even in remote locations. The increasing availability of such advanced jaundice meters is expected to drive the market during the forecast period.
SWOT Analysis
Strength: Jaundice meters offer non-invasive and painless measurement of bilirubin levels in newborns, helping diagnose jaundice quickly. They provide instant results to aid timely treatment decisions.
Weakness: Some jaundice meters have high procurement costs, limiting widespread adoption in resource-poor regions. Battery-powered models require frequent recharging.
Opportunity: Rising neonatal jaundice cases globally due to increasing preterm births and older maternal ages present an opportunity. Growing awareness about benefits of early diagnosis can boost demand.
Threats: Alternative diagnostic methods like blood tests may reduce dependency on jaundice meters. Reimbursement issues in certain regions also pose a threat.
Key Takeaways
The global jaundice meter market is expected to witness high growth.
Regional analysis: North America dominates the global market currently due to advanced healthcare facilities and greater adoption of new technologies. However, Asia Pacific is anticipated to grow at the fastest rate owing to rising birth rates, increasing healthcare expenditures and growing awareness. With improving medical infrastructure, developing nations in Asia are projected to significantly drive the regional market in the forecast period.
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. These companies are focusing on developing innovative and portable products to address the growing need for reliable jaundice screening, especially in remote locations.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
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