Jaundice Meter Market Is Driven By Increasing Prevalence Of Neonatal Jaundice

The jaundice meter market involves the sales of jaundice meters used to detect and assess jaundice in newborn infants. Jaundice meters use either a transcutaneous or a blood testing method to measure bilirubin levels. Transcutaneous jaundice meters are non-invasive devices that send light through the skin of an infant to measure the level of bilirubin. Blood testing jaundice meters require a small blood sample to be drawn from an infant's heel to directly measure bilirubin levels. Jaundice meters help in the timely diagnosis and treatment of jaundice, reducing the risk of developing severe hyperbilirubinemia.

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 from 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.

The growing prevalence of neonatal jaundice is expected to increase the demand for jaundice meters. According to WHO, nearly 60% of newborns develop jaundice worldwide. Early detection and treatment of jaundice helps prevent lifelong disabilities caused due to severe hyperbilirubinemia.

The companies operating in the  Global jaundice meters Market Size are focusing on expanding their presence globally, especially in emerging markets in Asia Pacific, Latin America, and the Middle East & Africa. For example, in June 2021, Dräger expanded its neonatal care portfolio in South Africa with the launch of its transcutaneous bilirubinometer - Bilisoft.

Market drivers

The increasing prevalence of neonatal jaundice is driving the jaundice meter market. Jaundice affects over 60% of newborns worldwide due to immature liver function or blood group incompatibility between mother and infant. Timely diagnosis and treatment can help prevent complications in severe cases such as brain damage or hearing loss. Jaundice meters have helped improve screening and management of neonatal jaundice globally.

The current geopolitical situation is impacting the growth of the Jaundice Meter market. With rising political tensions and economic uncertainties around the world, international trade and collaborations have been affected. This has slowed down the global spread of advanced jaundice detection technologies between countries. Manufacturers are facing disruptions in the supply of key components and challenges in exporting finished products.

Geographical regions with major political conflicts or economic crises have seen slower adoption of new jaundice meters in hospitals and clinics. Regional healthcare budgets are also under strain due to financial difficulties, limiting investments in advanced medical devices.

Going forward, companies in this market need to diversify their manufacturing and supply networks to multiple countries to mitigate political and economic risks. They must develop affordable product options and financing schemes to cater to regions with low budgets. Partnerships with local medtech players can help gain approvals and market access more easily. The development of portable, battery-powered jaundice meters may boost adoption in remote rural areas with unstable grids or conflict zones. Standardizing product certifications across regions through international organizations can reduce cross-border trade barriers as well.

In terms of value, the Jaundice Meter market is currently concentrated in North America and Western Europe. Both regions have advanced healthcare systems with widespread screening of newborns for jaundice. Major country markets include the United States, Germany, France and the United Kingdom.

However, the market is seeing relatively faster growth in Asia Pacific due to its huge population size and improving access to healthcare facilities. China and India in particular have a huge patient pool and rising medical expenditures, driving higher demand for jaundice meters. Southeast Asian countries are also developing fast and witnessing increased prioritization and funding for neonatal care programs.

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