Blood Oxygen Sensor Market is segmented by Type (Disposable and Repeatable), by Application (Hospital, Clinic, Household and Other), and by Region (United States, Canada, Mexico, France, Germany, Italy, Spain, United Kingdom, Russia, China, India, Philippines, Malaysia, Australia, Austria, South Korea, Middle East, Japan, Africa and Rest of World)
Market Definition / Research Scope
When specialists test blood oxygen, they frequently use sensors on fingers called pulse oximeters. It is a non-invasive technique for checking an individuals oxygen immersion. In its common (transmissive) application mode, a sensor device is put on a thin part of the patients body, typically a fingertip or ear cartilage. The gadget passes two frequencies of light through the body part to a photodetector. It quantifies the changing absorbance at every one of the frequencies, permitting to decide the absorbances because of the beating blood vessel alone, barring venous blood, skin, bone, muscle, fat, and (by and large) nail polish.
Blood Oxygen Sensors Market shall reach a value of $2x61.4 Million in 2031, growing with a CAGR of 12.13% during the forecast period of 2022 to 2031.
Blood Oxygen Sensor Market Growth and Trends
The global blood oxygen sensor market is mainly driven by the rising prevalence of diseases such as chronic obstructive pulmonary disease (COPD), sleep apnea, cardiac arrhythmia, and ischemic conditions.The medical sensors market accounted for USD 12,000 million in 2018 and is projected to reach USD 18,600 million by 2025 at a CAGR of 9.0%. The handheld pulse oximeters led the market in 2015 and 2016 through revenue and volume, because of the increasing number of surgeries and the need for patient safety while under anesthesia. Numerous, technological advancements to ensure increased efficiency and accuracy of these devices, and to making them more user-friendly are factors further expected to drive market growth in the future. Also, the increasing prevalence of obesity in high-income countries and the growing geriatric population are likely to drive the growth of the market during the forecast period. Various other factors such as the low battery life of mobile computers and reimbursement policies are also expected to propel the growth of the market. The Americas dominated the global market for medical sensors because of the increasing investments in the healthcare sector and thriving end-use industries in the region. In 2018, Europe accounted for the second position in the global medical sensors market. The increasing awareness about a healthy lifestyle, tracking self-health through various medical sensor devices, and at a medical level providing data to clinicians and doctors for earlier diagnostics and guidance of treatment of various diseases is expected to drive the growth of the market. Germany is estimated to hold the largest segment in the European market for medical sensors. The Asia Pacific market is set to be the fastest to grow in the near future, owing to growth to investment by different players who operate in the region and the launching innovative products. The region is also set to grow because the rising aging population is vulnerable to chronic disease, the presence of a large number of patients suffering from health-related issues, and favorable government policies for the growth of the healthcare sector in the region.
Blood Oxygen Sensor Market Regional Analysis
Splurging conditions of chronic diseases have steered the medical technology towards an efficient shift nowadays that is expected to drive the blood oxygen sensors market globally in the healthcare module. Increasing efficiency of medical technology and the introduction of user-friendly devices has led to significant growth in the North American market. Regions like the USA and Canada are expected to be at the helm of holding the leading share in the market owing to increased emphasis on patient safety. The Asia Pacific region is postulated to see a proliferating growth with growing concerns of mandating blood oxygen sensors in the region for CCHD screening of newborns. The European regions of Germany, Italy, UK, France, and Spain are hypothesized to grow significantly with various players operating in the region and launch of new augmented products.
Blood Oxygen Sensor Market Share and Competition
Key companies operating in this industry are: Siemens, Fairchild Semiconductor, Philips, Ge Healthcare, Cypress Semiconductor, On Semiconductor, Renesas Electronics and Tekscan.
Blood Oxygen Sensor Market Research Report Analysis Highlights
• Historical data available (as per request)
• Estimation/projections/forecast for revenue and unit sales (2022 – 2031)
• Data breakdown for every market segment (2022 – 2031)
• Gross margin and profitability analysis of companies
• Price analysis of each product type
• Business trend and expansion analysis
• Import and export analysis
• Competition analysis/market share
• Supply chain analysis
• Client list and case studies
• Market entry strategy
Industry Segmentation and Revenue Breakdown
Type Analysis (Revenue, USD Million, 2022 - 2031)
Application Analysis (Revenue, USD Million, 2022 - 2031)
Region Analysis (Revenue, USD Million, 2022 - 2031)
• United States
• United Kingdom
• South Korea
• Middle East
• Rest of World
Blood Oxygen Sensor Market Companies
• Fairchild Semiconductor
• Ge Healthcare
• Cypress Semiconductor
• On Semiconductor
• Renesas Electronics
United States Blood Oxygen Sensor Market Research Report
Europe Blood Oxygen Sensor Market Research Report
Asia Pacific Blood Oxygen Sensor Market Research Report
India Blood Oxygen Sensor Market Research Report
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