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Global Medical Oxygen Sensors Market – Industry Trends and Forecast to 2030

Healthcare

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Global Medical Oxygen Sensors Market – Industry Trends and Forecast to 2030

  • Healthcare
  • Upcoming Report
  • Feb 2024
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Medical Oxygen Sensors Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 1.80 USD Billion
Diagram Market Size (Forecast Year) USD 4.00 USD Billion
Diagram CAGR %

Major Markets Players

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Global Medical Oxygen Sensors Market, By Type (Zirconia, Electrochemical, Galvanic, Infrared, Ultrasonic, Optical), Application (Anaesthesia Equipment, Ventilator, Oxygen Monitor and Analyzer), End User (Hospital and Clinic, Home Care Setting, Others), Sensor Placement (Strip Sensors, Wearable Sensors, Implantable Sensors, Invasive/Non-Invasive Sensors, Ingestible Sensors), Connectivity Technology (Wi-Fi, Bluetooth Low Energy, Zigbee, Near Field Communication, Cellular) – Industry Trends and Forecast to 2030.

Medical Oxygen Sensors Market

Medical Oxygen Sensors Market Analysis and Size

The application range of oxygen sensors is extremely broad, evident in the medical field. Most portable ventilators require the installation of an oxygen sensor, which measures oxygen concentration. Oxygen sensors are used to measure and monitor the level of oxygen concentration inhaled and exhaled by the patient who is connected to a ventilator or anesthesia machine. Emerging new advanced technologies in the medical oxygen sensors market is fuelling the market growth.

Data Bridge Market Research analyzes that the global medical oxygen sensors market which was USD 1.8 billion in 2022, is expected to reach USD 4.0 billion by 2030, at a CAGR of 10.50% during the forecast period 2023 to 2030.

In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Medical Oxygen Sensors Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Type (Zirconia, Electrochemical, Galvanic, Infrared, Ultrasonic, Optical), Application (Anaesthesia Equipment, Ventilator, Oxygen Monitor and Analyzer), End User (Hospital and Clinic, Home Care Setting, Others), Sensor Placement (Strip Sensors, Wearable Sensors, Implantable Sensors, Invasive/Non-Invasive Sensors, Ingestible Sensors), Connectivity Technology (Wi-Fi, Bluetooth Low Energy, Zigbee, Near Field Communication, Cellular)

Countries Covered

U.S., Canada, Mexico, Brazil, Argentina, Peru, Rest of South America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific, Saudi Arabia, U.A.E., Egypt, Israel, Kuwait, South Africa, Rest of Middle East and Africa

Market Players Covered

Nuova GmbH (Germany), PreSens Precision Sensing GmbH (Germany), SST Sensing Ltd Company (U.K.), Orantech USA Inc. (U.S.), Hamilton Medical (Switzerland), Kranz Body Co LLC (U.S.), Teledyne Analytical Instruments (U.S.), Fujikura Ltd. (Japan), General Electric (U.S.), First Sensor AG (Germany), TE Connectivity (Switzerland), Honeywell International Inc. (U.S.), Medtronic (Ireland), Koninklijke Philips N.V. (Netherlands), STMicroelectronics (Switzerland), ICU Medical, Inc. (U.S.), Analog Devices, Inc. (U.S.)

Market Opportunities

  • Rising prevalence of obesity
  • Surge in oxygen sensors

Market Definition

Galvanic medical oxygen sensors, known as electro-galvanic fuel cells, are electrochemical devices used for the analysis and monitoring of oxygen partial pressure in a number of different devices such as analyzers, anesthesia machines, ventilators, and incubators. Oxygen sensors are used to measure and monitor the oxygen concentration level, that is, the amount of oxygen inhaled and exhaled by a patient connected to a ventilator or anesthesia machine.

Global Medical Oxygen Sensors Market Dynamics

Drivers

  • Surging volume of patients suffering from obesity issues

Obesity can cause hypoxemia by reducing lung volumes to where lung units close during normal breathing. Fluid overload is common in patients with heart failure (HF) and obesity. However, the relationship between the extent of intravascular volume expansion and indices such as body mass index (BMI) in obese and non-obese patients with HF has not been defined to address the issue of an HF obesity phenotype. These are the factors that propel the growth of the market.

  • Surging Prevalence of respiratory disorders

The most significant factors driving this market's growth are the increasing prevalence of chronic obstructive pulmonary disease (COPD) and other respiratory disorders such as sleep apnea, acute lung injury, and hypoxemia. The rising number of preterm births and the rapidly growing geriatric population are also expected to accelerate market growth. Furthermore, the high prevalence of tobacco smoking, which causes respiratory disease, will drive market growth.

Opportunity

  • Various advancements in ventilators

Various technological advancements, such as the development of advanced portable ventilators and improvements in sensor technologies used in ventilators, are expected to generate lucrative market opportunities. Furthermore, advances in non-invasive and microprocessor-controlled portable ventilators will provide numerous growth opportunities for the market.

Restraints/Challenges

  • Stringent government regulations

Stringent government regulations, as well as a slow penetration rate of advanced medical systems, will act as market restraints for the growth of medical oxygen sensors during the forecast period.

This medical oxygen sensors market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the medical oxygen sensors market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Recent Development

  • In September 2023, Pfizer Inc. and BioNTech SE have announced that they received approval from the U.S. Food and Drug Administration (FDA) for their supplemental Biologics License Application (COMIRNATY 2023-2024 Formulation). This approval covers individuals aged 12 and above, and it includes emergency use authorization for children aged 6 months to 11 years, specifically for their Omicron XBB.1.5-adapted monovalent COVID-19 vaccine. The current vaccine season's recommendation is for a single dose for most individuals aged 5 and older. However, children under 5 years old may qualify for additional doses of this season's vaccine if they have not already completed a three-dose series with earlier formulations of a COVID-19 vaccine

 Global Medical Oxygen Sensors Market Scope

The medical oxygen sensors market is segmented on the basis of type, application, sensor placement, connectivity technology, and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

  • Zirconia
  • Electrochemical
  • Galvanic
  • Infrared
  • Ultrasonic
  • Optical

 Application

  • Anaesthesia Equipment
  • Ventilator
  • Oxygen Monitor
  • Analyzer

End User

  • Hospital and Clinic
  • Home Care Setting
  • Others

 Sensor Placement

  • Strip Sensors
  • Wearable Sensors
  • Implantable Sensors
  • Invasive/Non-Invasive Sensors
  • Ingestible Sensors

Connectivity Technology

  • Wi-Fi
  • Bluetooth Low Energy
  • Zigbee
  • Near Field Communication
  • Cellular

Medical Oxygen Sensors Market Regional Analysis/Insights

The medical oxygen sensors market is analyzed and market size insights and trends are provided by country, type, application, sensor placement, connectivity technology, and end user as referenced above.

The countries covered in the market report are U.S., Canada, Mexico, Brazil, Argentina, rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, rest of the Middle East and Africa.

North America is expected to dominate the market due to the surging investment for the growth of the healthcare sector.

Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 due to the prevalence of a large pool of patients along with favorable reimbursement policies.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Healthcare Infrastructure Growth Installed base and New Technology Penetration

The medical oxygen sensors market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for medical oxygen sensors market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the medical oxygen sensors market. The data is available for historic period 2011-2021.

Competitive Landscape and Medical Oxygen Sensors Market Share Analysis

The medical oxygen sensors market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to medical oxygen sensors market.

Some of the major players operating in the medical oxygen sensors market are:

  • Nuova GmbH (Germany)
  • PreSens Precision Sensing GmbH (Germany)
  • SST Sensing Ltd Company (U.K.)
  • Orantech USA Inc. (U.S.)
  • Hamilton Medical (Switzerland)
  • Kranz Body Co LLC (U.S.)
  • Teledyne Analytical Instruments (U.S.)
  • Fujikura Ltd. (Japan)
  • General Electric (U.S.)
  • First Sensor AG (Germany)
  • TE Connectivity (Switzerland)
  • Honeywell International Inc. (U.S.)
  • Medtronic (Ireland)
  • Koninklijke Philips N.V. (Netherlands)
  • STMicroelectronics (Switzerland)
  • ICU Medical, Inc. (U.S.)
  • Analog Devices, Inc. (U.S.)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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FREQUENTLY ASK QUESTIONS

The medical oxygen sensors market size will be worth USD 4.0 billion by 2030.
The growth rate of the medical oxygen sensors market is 10.50% during the forecast period by 2030.
The surging volume of patients suffering from obesity issues & Surging Prevalence of respiratory disorders are the growth drivers of the medical oxygen sensors market.
Type, application, sensor placement, connectivity technology, and end-user are the factors on which the medical oxygen sensors market research is based.
Major companies in the medical oxygen sensors market are Nuova GmbH (Germany), PreSens Precision Sensing GmbH (Germany), SST Sensing Ltd Company (U.K.), Orantech USA Inc. (U.S.), Hamilton Medical (Switzerland), Kranz Body Co LLC (U.S.), Teledyne Analytical Instruments (U.S.), Fujikura Ltd. (Japan), General Electric (U.S.), First Sensor AG (Germany), TE Connectivity (Switzerland), Honeywell International Inc. (U.S.), Medtronic (Ireland), Koninklijke Philips N.V. (Netherlands), STMicroelectronics (Switzerland), ICU Medical, Inc. (U.S.), Analog Devices, Inc. (U.S.).
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