by The global Jaundice Meter Market is estimated to be valued at US$ 93.09 Million in 2023 and is expected to exhibit a CAGR of 3.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Jaundice meters are medical devices used to measure bilirubin levels in babies. They help detect jaundice by non-invasively measuring bilirubin levels in the skin. This allows for early detection and treatment of neonatal jaundice.
Market key trends:
One of the key trends in the jaundice meter market is the growing adoption of portable transcutaneous bilirubinometers. These devices provide a non-invasive and accurate way to measure bilirubin levels in newborns. They eliminate the need for blood sampling and allow for frequent monitoring of infants. Various manufacturers are focusing on developing small, handheld transcutaneous jaundice meters with improved features. This is expected to drive the demand for portable jaundice meters over the forecast period.
SWOT Analysis
Strength: Jaundice meters provide an accurate, non-invasive and objective method to detect jaundice levels in infants and newborns. They eliminate human error and variability compared to traditional methods like visual inspection.
Weakness: Jaundice meters are relatively expensive compared to traditional diagnostic methods. Their usage requires additional infrastructure and trained professionals.
Opportunity: Rising birth rates across developing regions will drive the demand for effective jaundice screening devices. Growing awareness about infant health issues also presents an opportunity.
Threats: Low adoption in underdeveloped areas due to affordability issues. Alternative diagnostic methods may reduce the market potential.
Key Takeaways
Global Jaundice Meter Market Size is expected to witness high growth, exhibiting CAGR of 3.3% over the forecast period, due to increasing awareness about infant health issues.
Regional analysis: North America dominates the jaundice meter market currently due to high adoption of advanced medical technologies. Asia Pacific is expected to grow at the fastest pace during the forecast period supported by rising birth rates, growing healthcare expenditures and increasing focus on infant well-being in countries like India and China.
Key players: 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. Players are focusing on new product launches and geographic expansion to strengthen their market position.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
