April 20, 2024
Jaundice Meter Market

The Growing Prevalence Of Jaundice Is Driving The Jaundice Meter Market

Jaundice meters provide an easy and non-invasive method to detect jaundice in newborn babies. These portable devices use transcutaneous bilirubinometry, a method that measures bilirubin levels through the skin without requiring blood samples. This enables fast and painless screening of infants for jaundice in hospitals, clinics, and at home. With jaundice being one of the most common health issues among newborns affecting over 60% of term and 80% of preterm babies, there is a growing need for effective jaundice screening tools.

The global jaundice meter market size was valued at US$ 107.24 Mn in 2024 and is expected to reach US$ 149.64 Mn by 2031, expanding at a CAGR of 4.6% over the forecast period.

Market key trends:

One of the key trends in the Global Jaundice Meter Market Size is the increased focus on developing portable and handheld devices for home-based jaundice screening. Home healthcare is gaining prominence driven by rising patient preference for convenient medical care without hospital visits. Several market players are launching compact jaundice meters equipped with advanced technologies like image sensors and LED lights that can be easily used by parents at home to monitor bilirubin levels in newborns. This is expected to boost early infant screening and treatment uptake. Additionally, integration of cloud connectivity and mobile apps in new generation jaundice meters allow remote monitoring and risk assessment by physicians. Such innovations are expanding the potential reach and adoption of jaundice meters beyond hospitals to domestic settings.

Porter’s Analysis

hreat of new entrants: Low as the jaundice meter market requires high initial investments and technological expertise.
Bargaining power of buyers: Moderate as there are several established players.
Bargaining power of suppliers: Low due to availability of substitute raw materials and components.
Threat of new substitutes: Low as there are limited alternatives available for easy and accurate jaundice detection.
Competitive rivalry: High due to presence of many global and regional players offering differentiated products.

Key Takeaways

The global jaundice meter market is expected to witness high growth.

Regional analysis – The Asia Pacific region dominates the global jaundice meter market led by China, India and Japan. This can be attributed to rising birth rates, growing healthcare infrastructure and increasing awareness.

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. Key players are focused on new product launches and adoption of advanced technologies for accurate detection of jaundice in newborns.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it