diff --git a/CHANGELOG.md b/CHANGELOG.md
index 8776a2cc89..f1670b19c7 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -13,6 +13,7 @@ For experimental package changes, see the [experimental CHANGELOG](experimental/
 
 * feat (api-logs): separate Events API into its own package [3550](https://github.com/open-telemetry/opentelemetry-js/pull/3550) @martinkuba
 * feat(sdk-metrics): apply binary search in histogram recording [#3539](https://github.com/open-telemetry/opentelemetry-js/pull/3539) @legendecas
+* perf(propagator-jaeger): improve deserializeSpanContext performance [#3541](https://github.com/open-telemetry/opentelemetry-js/pull/3541) @doochik
 * feat: support TraceState in SamplingResult [#3530](https://github.com/open-telemetry/opentelemetry-js/pull/3530) @raphael-theriault-swi
 
 ### :bug: (Bug Fix)
diff --git a/packages/opentelemetry-propagator-jaeger/src/JaegerPropagator.ts b/packages/opentelemetry-propagator-jaeger/src/JaegerPropagator.ts
index b4421e395b..7b11d7290b 100644
--- a/packages/opentelemetry-propagator-jaeger/src/JaegerPropagator.ts
+++ b/packages/opentelemetry-propagator-jaeger/src/JaegerPropagator.ts
@@ -134,6 +134,8 @@ export class JaegerPropagator implements TextMapPropagator {
   }
 }
 
+const VALID_HEX_RE = /^[0-9a-f]{1,2}$/i;
+
 /**
  * @param {string} serializedString - a serialized span context.
  * @return {SpanContext} - returns a span context represented by the serializedString.
@@ -148,9 +150,7 @@ function deserializeSpanContext(serializedString: string): SpanContext | null {
 
   const traceId = _traceId.padStart(32, '0');
   const spanId = _spanId.padStart(16, '0');
-  const traceFlags = flags.match(/^[0-9a-f]{1,2}$/i)
-    ? parseInt(flags, 16) & 1
-    : 1;
+  const traceFlags = VALID_HEX_RE.test(flags) ? parseInt(flags, 16) & 1 : 1;
 
   return { traceId, spanId, isRemote: true, traceFlags };
 }