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Neonatal Jaundice Monitoring Is Fastest Growing Segment Fueling The Growth Of Jaundice Meter Market

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Neonatal Jaundice Monitoring Is Fastest Growing Segment Fueling The Growth Of Jaundice Meter Market

The global Jaundice Meter Market is estimated to be valued at US$ 93.09 Mn 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:

The jaundice meter market comprises of medical devices that detect jaundice in newborn babies non-invasively. These devices measure the level of bilirubin in skin and help doctors monitor hyperbilirubinemia or excessive levels of bilirubin. They are safe, accurate, and painless alternatives to blood tests.

Market key trends:

One of the key trends in the jaundice meter market is the increasing adoption of transcutaneous jaundice meter devices. Transcutaneous jaundice meters measure bilirubin levels through light penetration of a baby's skin without drawing blood. They provide instant, painless, and non-invasive results. Their ease of use and portability have led to higher preference among parents and clinicians for neonatal jaundice screening.

Segment Analysis

Content: The global jaundice meter market is segmented based on product type, modality, end-user and region. Based on product type, the transcutaneous jaundice meter segment dominates the market owing increasing preference for non-invasive diagnostic procedures. Transcutaneous jaundice meters provide accurate, reliable and quick measurements of bilirubin levels without the need for blood sampling.

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 prevalence of neonatal jaundice.

Regional analysis: North America dominates the global jaundice meter market currently and is expected to continue its dominance over the forecast period. This is attributed to growing awareness about neonatal jaundice and availability of advanced healthcare facilities in the region. Asia Pacific is anticipated to grow at the fastest rate owing to rising healthcare expenditures and increasing investments by key players.

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. Aegis Medicals and Refine Medical Technology hold a significant share of the market.



Get More Insights on this Topic- https://www.dailyprbulletin.com/jaundice-meter-market-value-insights-and-outlook-analysis/

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