Global Kernicterus Treatment Market Poised for Steady Growth, Expected to Reach $3.29 Billion by 2028
The Business Research Company's Kernicterus Treatment Global Market Report 2024 – Market Size, Trends, And Global Forecast 2024-2033
LANDON, GREATER LANDON, UK, June 26, 2024 /EINPresswire.com/ -- The kernicterus treatment market is projected to grow from $2.88 billion in 2023 to $2.98 billion in 2024, at a CAGR of 3.4%. Despite challenges, the market is anticipated to reach $3.29 billion by 2028, driven by advancements in neonatal care practices and increased awareness among healthcare professionals.
Prevalence of Neonatal Jaundice Drives Market Growth
The prevalence of neonatal jaundice is a significant factor contributing to the growth of the kernicterus treatment market. Neonatal jaundice, characterized by the yellowing of a baby's skin and eyes, often necessitates kernicterus treatment to manage symptoms and provide supportive care. Reports by the National Library of Medicine indicate that approximately 1.1 million babies develop severe neonatal jaundice annually, highlighting the urgent need for effective treatments.
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Major Players and Market Trends
Key players such as Pfizer Inc., F. Hoffmann-La Roche Ltd., and Merck & Co. Inc. are focusing on innovations in the kernicterus treatment market. In a strategic development, Yokohama National University designed the first-ever wearable device for accurately monitoring jaundice, offering a significant advancement in neonatal care technology.
Segments:
1. By Treatment: Phototherapy, Intravenous Immunoglobulins (IVIG), Blood Transfusion, Medication, Other Treatments
2. By Symptoms: Jaundice, Unusual Eye Movements, Vomiting, Fever, Poor Feeding, Apnoea, Irritability, Seizures, Sleepiness, Other Symptoms
3. By Dosage: Injection, Solution, Other Dosages
4. By End-Users: Clinic, Hospital, Other End-Users
Geographical Insights: North America Leading the Market
North America led the kernicterus treatment market in 2023 and is expected to maintain its position as the largest region. Detailed insights into regional dynamics, market trends, and growth opportunities are provided in the comprehensive report.
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Kernicterus Treatment Global Market Report 2024 from TBRC covers the following information:
1. Market size data for the forecast period: Historical and Future
2. Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
3. Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Kernicterus Treatment Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on kernicterus treatment market size, kernicterus treatment market drivers and trends, kernicterus treatment market major players, competitors' revenues, market positioning, and market growth across geographies. The kernicterus treatment market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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