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Global Medical Oxygen Sensors Market – Industry Trends and Forecast to 2029

  • Healthcare
  • Upcoming Report
  • Nov 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60
  • Healthcare
  • Upcoming Report
  • Nov 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

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 2029. 

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 medical oxygen sensors market is fuelling the market growth.

Data Bridge Market Research analyses that the medical oxygen sensors market which was USD 1.8 billion in 2021, is expected to reach USD 4.0 billion by 2029, at a CAGR of 10.50% during the forecast period 2022 to 2029. 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

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

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 and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

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 electro-chemical 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 anaesthesia 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 which propel the growth of 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.

Opportunities

  • 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.

COVID-19 Impact on the Medical Oxygen Sensors Market

There has been an increase in demand for ventilators, oxygen concentrators, and respiratory devices, which are used to help COVID-19 patients who have breathing problems and low blood oxygen levels during pandemic. This unexpected increase in demand has resulted in an increase in demand for flow sensors, which are used in these devices. Sensor miniaturisation and the adoption of MEMS technology have opened up new application areas for pressure sensors, driving up demand for these sensors.

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 medical oxygen sensors market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the medical oxygen sensors 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 owing to the prevalence of large pool of patients along with favourable 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 2010-2020.

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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Frequently Asked Questions

The Medical Oxygen Sensors Market is projected to grow at a CAGR of 10.50% during the forecast period by 2029.
The future market value of the Medical Oxygen Sensors Market is expected to reach USD 4.0 billion by 2029.
The major players 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), etc.
The countries covered in the Medical Oxygen Sensors Market are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, etc.
The medical oxygen sensors market value was USD 1.8 billion in 2021.