Medtronic, Masimo and GENERAL ELECTRIC are dominating the Global Disposable Spo2 Sensor Market in 2018

Global Disposable Spo2 Sensor Market is expected to grow at a substantial CAGR of 6.5% in the forecast period of 2019 to 2026. The years considered for study are as mentioned below:

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Global disposable SpO2 sensor market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased various strategic developments owing to favourable market scenario. The market has a prominent growth in upcoming years due to increasing need to curtail healthcare costs through medical devices.

The major players dealing in global disposable SpO2 sensors market are introducing strong range of product portfolio. This has also helped the companies to maximize the sales with enhanced product portfolio. For instance, In February 2018, TE Connectivity launched SpO2 optical oxygen sensors. These sensors are used for medical applications, as it has variable red LEDs with up to 660 nm ±2 nm precise tolerancing. It helps in large number of medical finger-mounted oxygen sensors. This helps company to expand its product portfolio.

Medtronic is the dominating player in the global disposable SpO2 sensor market. The other key players in the market include Masimo, GENERAL ELECTRIC, Koninklijke Philips N.V., TE Connectivity, CareOx LLC, CONMED Corporation, Honeywell International, Inc, NIHON KOHDEN CORPORATION, Nonin, Nuova GmbH, Shenzhen Med-Link Electronics Tech Co.,Ltd, Shenzhen Medke Technology Co.,Ltd among others.

Medtronic

Medtronic is headquartered in Dublin, Ireland and was founded in 1949. The company is engaged in offering drug and biologic delivery devices, powered and advanced energy surgical instruments and implantable mechanical devices. The company operates through four business segments such as cardiac and vascular group, minimally invasive therapies group, restorative therapies group, diabetes group in which minimally invasive therapies group is the market focused segment. The product categories of the company include advanced surgical technology, cardiac rhythm, cardiovascular, diabetes, digestive & gastrointestinal, ear, nose & throat, general surgery, neurological, oral maxillofacial & dental, patient monitoring, renal care, respiratory, spinal & orthopaedic, tumour management, urological & women’s health in which patient monitoring is the market focused category. The company has approx. 86,000 employees as of April, 2019.

  • In June 2017, Medtronic has launched new study called as PRODIGY to detect high-risk opioid-induced respiratory depression (OIRD) patients by using its Capnostream 35 and 20p devices. Capnostream integrates both capnography and pulse oximetry which will be used in PRODIGY to create a device that measures the likelihood of OIRD in patients treated with drugs for post-surgical and non-surgical discomfort in hospitals. This development helps the company to increase their customer base in OIRD patients.

The company has wide global presence across the globe such as North America, Latin America, Asia-Pacific, Europe, Middle East and Africa. In addition to it, the company also generates its revenue from the various subsidiary companies such as A&E Hangers Taiwan Co., Ltd.(Taiwan), A&E Karner Limited (U.K.), A&E Products (Far East) Limited (Hong Kong), Accucomp (Pty.) Ltd. (South Africa), Advanced Medical Technologies GmbH (Germany) among others.

Masimo

Masimo is headquartered in California, U.S. and was founded in 1989. The company develops and manufactures innovative non-invasive patient monitoring technologies, medical devices and a wide array of sensors. The product categories offered by the company are continuous monitors, patient worn monitors, hospital automation connectivity, surveillance monitoring, capnography & gas, data download & analytics, sensors & accessories. The market focused category is sensors & accessories. The company has approx. 4,600 employees.

  • In May 2019, Masimo and Shenzhen Mindray Bio-Medical Electronics Co., Ltd. have entered into a license and purchase agreement. Through this agreement Shenzhen Mindray Bio-Medical Electronics Co., Ltd. will offer Masimo SET in its monitoring devices for measuring oxygen saturation (SpO2), perfusion index (Pi) and pulse rate (PR). This will help the company to cater in countries in Europe, Middle East and Asia region.

The company has wide global presence across the globe such as North America, South America, Asia, Middle East, Oceania, Europe. In addition to it, the company also generates its revenue from the various subsidiary companies such as Masimo Australia Pty Ltd (Australia), Masimo Öesterreich GmbH (Austria), Masimo Medical Technologies India Private Limited (India), Masimo Japan Kabushiki Kaisha (Japan), Masimo Peru Srl (Peru) among others.

GENERAL ELECTRIC

GENERAL ELECTRIC is headquartered in Massachusetts, U.S. and it was founded in 1892. The company focused on combining world-class engineering with software, manufacturing, materials science and data analytics to deliver high value to customers. The company operates through eight business segments such as power, renewable energy, aviation, oil & gas, healthcare, transportation, lighting, capital in which healthcare is the market focused segment. The business categories offered by the company are GE Additive, GE Aviation, GE Capital, GE Digital, GE Healthcare, GE Lighting, GE Power, GE Renewable Energy, GE Research. The market focused category is GE healthcare. The company has approx. 283,000 employees as of December 2018.

  • In February 2012, GE Healthcare has partnered with Masimo for incorporating Masimo rainbow SET technology in healthcare's patient monitoring products of GE healthcare. This development helps the company to offer new technologies to customers in patient monitoring clinical instruments.

The company has wide global presence across the globe such as Europe, Americas, Asia-Pacific, Middle East and Africa, Oceania. In addition to it, the company also generates its revenue from the various subsidiary companies such as GE Capital or Financial Services (U.S.), GE Healthcare (U.S.), General Electric Capital Corporation or GECC (U.S.), GE Industrial (U.S.), GE Capital Global Holdings, LLC (U.S.), Baker Hughes (U.S.) among others.