Rising Prevalence of Jaundice to boost the Jaundice Meter Market Growth

 

Jaundice Meter Market
Jaundice Meter Market

Jaundice Meter Market By Type (Portable Jaundice Meter, Bench top Jaundice Meter); End User (Hospitals, Clinics, Home Care, Others) and Geography (North America, Europe, Asia-Pacific, and Rest of the World) Size, Share, Outlook, and Opportunity Analysis, 2023-2030

The global Jaundice Meter Market is estimated to be valued at reach US$  429.96 Mn by 2029 and is expected to exhibit a CAGR of 7.1 % over the forecast period, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

A jaundice meter is a non-invasive transcutaneous bilirubinometer that evaluates the yellowness of subcutaneous celll in newborn babies.

Competitive Landscape:

The key players involved in the growth of global Jaundice Meter Market are Eaton Corporation PLC, Merck KGaA, Parker Hannifin Corp., Sartorius AG, Filter Integrity Ltd Meissner Filtration Products Inc., ThermoFisher Scientific Inc., Pall Corporation, 3M, and Donaldson Company.

Market Key Drivers:

Rising prevalence of jaundice in neonatal patients is expected to boost the growth of global Jaundice Meter Market. For instance, according to NCBI August 2022 around 60% of term and 80% of preterm newborns suffer from clinical jaundice in the first week post birth. 

Rising portable transcutaneous bilirubin meters for accurate monitoring is projected to drive the growth of the global Jaundice Meter Market. For instance, as per DMI, the MBJ20 jaundice meter was used as it is simple to use, quick, and convenient to receive bilirubin readings with less disturbance to the neonate.

Covid-19 Impact Analysis:

The Covid-19 outbreak has adversely affected the growth of global Jaundice Meter Market due to the surge in the pandemic and the shift of doctors towards curing Covid-19 patients. The increase prevalence of pandemic cases has postponed the visits of patients to hospital and the rising necessity of treating the neonatal patients led to the treatment of neonants outside the clinic.  All the factors has impeded the market growth.

Key Takeaways:

The global Jaundice Meter Market is anticipated to exhibit a CAGR of 7.1 % during the forecast period due to rise in diseases. For instance, In May 2022, the CDC urged parentages to be alert for jaundice, which leads to liver failure.

Among regions, North America, Europe, and Asia Pacific are expected to witness robust growth in the global Jaundice Meter Market due to rising prevalence of jaundice cases, increasing healthcare infrastructure and rising approvals and launches. For instance, as per BMJ journal in August 2022, while a survey was performed in a public hospital in China, the new mothers were known to have an absence in knowledge regarding neonatal jaundice.

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