by Jaundice, also known as hyperbilirubinemia, is a common condition in newborns caused due to higher-than-normal levels of bilirubin in the blood. Jaundice meters are medical devices used to non-invasively measure the level of bilirubin in the blood and detect the presence or absence of jaundice. They are portable, easy-to-use and provide rapid bilirubin level readings at the point-of-care without requiring laboratory tests. Main product types include bench-top meters and handheld meters. Bench-top meters are larger devices used in hospitals and clinics, while handheld meters are compact and suitable for home use. They are reliable tools to screen newborns for jaundice and help doctors monitor and manage therapy for hyperbilirubinemia.
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 4.6% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Dynamics:
The global jaundice meter market is expected to be flourished by the rising adoption of point-of-care testing. Point-of-care testing delivers rapid test results at the site of patient care without requiring laboratory tests or specialized facilities. It allows timely clinical decisions and prompt treatment. Jaundice meters enable point-of-care bilirubin testing and are especially useful in emergencies, clinics, and at home settings for convenient jaundice screening in newborns. Their portability and easy use are fostering greater adoption among healthcare providers as well as parents. Furthermore, growing awareness about jaundice, rising neonatal healthcare expenditure, and increasing government initiatives are collectively accelerating the deployment of jaundice meters. However, high costs of advanced devices and the presence of alternative bilirubin testing methods are few factors that may restrain market growth.
Segment Analysis
The global jaundice meter market is dominated by the portable segment. Portable jaundice meter devices are convenient to carry and easy to use for quick detection of jaundice in newborns. Their compact size allows for bedside application and results in a high adoption rate among pediatricians and hospitals. The accuracy and reliability of readings by portable jaundice meters are on par with laboratory grade devices. This has further increased their popularity as the preferred category.
PEST Analysis
Political: Regulations supporting screening of newborns for jaundice have boosted adoption of jaundice meters. Many countries have made it mandatory to test all newborn babies within 24 hours of birth.
Economic: Rising healthcare spends on infant care across developing nations is a key driver. The lower costs and maintenance of portable meters over lab devices also favor their growth.
Social: Growing awareness about dangers of untreated jaundice and importance of early detection is positively impacting the market. More parents are opting for testing to ensure baby’s health.
Technological: Continuous innovation has led to development of compact and easy-to-use portable meters with improved accuracy. Connectivity features in newer variants aid data management.
Key Takeaways
Global Jaundice Meter Market Size is expected to witness high growth over the forecast period aided by regulations, greater awareness and technological innovations. 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 4.6% over the forecast period 2023 to 2030.
The Asia Pacific region currently dominates owing to large population, increasing healthcare access and growing medical device industry in countries like China and India. China, in particular, has seen tremendous growth and accounts for over 30% market share in the region due to low-cost meter production and a push for infant healthcare programs nationally.
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. Refine Medical Technology leads the India market while Dräger has a strong global presence. Aegis Medicals has witnessed high exports from its manufacturing base in India.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
