Market Overview:
The global blood oxygen probe market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing prevalence of respiratory diseases, rising geriatric population, and technological advancements in blood oxygen probes. Based on type, the global blood oxygen probe market is segmented into reusable and disposable probes. The disposable probes segment is expected to grow at a higher CAGR than the reusable probes segment during the forecast period. This can be attributed to their low cost and easy availability as compared with reusable probes. Based on application, the global blood oxygen probe market is divided into hospital, clinics, medical health centres, home care settings and other applications such as research laboratories and veterinary clinics. The hospitals segment dominates this market owing to increased use of these devices for diagnosis and treatment purposes in hospitals across all regions studied herein.
Product Definition:
A blood oxygen probe is a device used to measure the amount of oxygen in a patient's bloodstream. The probe is inserted into a vein, typically in the arm, and sends information about the concentration of oxygen in the blood to a monitor. This information can be used to help doctors determine how well the patient's lungs are functioning and whether they need additional oxygen therapy.
Reusable:
Reusable blood oxygen probes are medical devices used for measuring the partial pressure of oxygen in arterial blood. The most commonly used device is a pulse oximeter which measures the percentage of saturation of hemoglobin in human beings. Saturation level is reached when there is no more room for improvement and can be maintained with an increase in exercise intensity or environmental conditions like cold, high altitude etc.
Disposable:
The global disposable and it's usage in blood oxygen probe market size was valued at USD 6.5 billion in 2016. The increasing demand for point of care diagnostics is expected to be a key factor driving the growth during the forecast period. In addition, rising awareness regarding patient safety and healthcare standards is anticipated to boost usage rates over the coming years.
Application Insights:
Based on the application, the global blood oxygen probe market is segmented into hospital, clinics, medical health centre, home care and others. The hospital segment dominated the overall market in terms of revenue in 2017. This can be attributed to factors such as a high prevalence of respiratory diseases and an increasing number of surgeries that requireoxygen therapy. In addition, growing awareness about these devices among hospitals across the globe is also expected to contribute towards growth over next few years.
The clinics segment is expected to grow at a significant rate during forecast period owing to factors such as availability of low-cost healthcare services in developing countries along with rising incidencesof respiratory diseases requiring oxygen therapy for treatment.
Regional Analysis:
North America dominated the global blood oxygen probe market in 2017. The presence of well-established healthcare facilities, high adoption rate of advanced medical products and favorable reimbursement policies are some factors driving the growth. In addition, increasing government initiatives to promote HEMOcare programs is anticipated to fuel the demand for HBOT systems over the forecast period.
Asia Pacific is expected to witness lucrative growth during the forecast period owing to rising awareness regarding blood oxygenation techniques and growing prevalence of chronic diseases such as cancer, diabetes & cardiovascular disorders that require long term treatment with medication. Increasing number of research studies conducted on various applications of HBOT coupled with growing demand for home care devices in this region will drive industry expansion over next eight years time frame.
Growth Factors:
- Increasing prevalence of respiratory diseases: The increasing prevalence of respiratory diseases is one of the major growth drivers for the global blood oxygen probe market. Respiratory diseases are caused due to various factors such as air pollution, smoking, and others. This has led to an increase in the demand for blood oxygen probes globally.
- Technological advancements: The technological advancements in blood oxygen probes are another major growth driver for this market. With technological advancements, new and innovative products are being launched in the market which is expected to boost the growth of this market during the forecast period.
- Rising geriatric population: The rising geriatric population is another key factor driving the growth of global blood oxygen probe market as they are more susceptible to respiratory diseases than other age groups. This is expected to result in an increase in demand for blood oxygen probes over the forecast period thereby boostingthegrowthofthemarketduringtheforecastperiod..
Scope Of The Report
Report Attributes
Report Details
Report Title
Blood Oxygen Probe Market Research Report
By Type
Reusable, Disposable
By Application
Hospital, Clinics, Medical Health Centre, Home Care, Other
By Companies
GE, Medtronic, Smiths Medical, Opto Circuits, Physio-Control, Nonin Medical, Maxtec, ZOLL Medical, Masimo, Sensoronics, Beta Biomed Services, Welch Allyn, Tianjin Chase Sun Pharmaceutical, Heal Force Bio-Meditech Holdings
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
212
Number of Tables & Figures
149
Customization Available
Yes, the report can be customized as per your need.
Global Blood Oxygen Probe Market Report Segments:
The global Blood Oxygen Probe market is segmented on the basis of:
Types
Reusable, Disposable
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Clinics, Medical Health Centre, Home Care, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- GE
- Medtronic
- Smiths Medical
- Opto Circuits
- Physio-Control
- Nonin Medical
- Maxtec
- ZOLL Medical
- Masimo
- Sensoronics
- Beta Biomed Services
- Welch Allyn
- Tianjin Chase Sun Pharmaceutical
- Heal Force Bio-Meditech Holdings
Highlights of The Blood Oxygen Probe Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Reusable
- Disposable
- By Application:
- Hospital
- Clinics
- Medical Health Centre
- Home Care
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Blood Oxygen Probe Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A blood oxygen probe is a medical device that measures the level of oxygen in a person's blood. Oxygen levels can be affected by many factors, including exercise, illness, and injury. A doctor may use a blood oxygen probe to determine whether a person needs supplemental oxygen or other medical assistance.
Some of the major companies in the blood oxygen probe market are GE, Medtronic, Smiths Medical, Opto Circuits, Physio-Control, Nonin Medical, Maxtec, ZOLL Medical, Masimo, Sensoronics, Beta Biomed Services, Welch Allyn, Tianjin Chase Sun Pharmaceutical, Heal Force Bio-Meditech Holdings.
The blood oxygen probe market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Blood Oxygen Probe Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Blood Oxygen Probe Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Blood Oxygen Probe Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Blood Oxygen Probe Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Blood Oxygen Probe Market Size & Forecast, 2018-2028
4.5.1 Blood Oxygen Probe Market Size and Y-o-Y Growth
4.5.2 Blood Oxygen Probe Market Absolute $ Opportunity
Chapter 5 Global Blood Oxygen Probe Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Blood Oxygen Probe Market Size Forecast by Type
5.2.1 Reusable
5.2.2 Disposable
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Blood Oxygen Probe Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Blood Oxygen Probe Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Clinics
6.2.3 Medical Health Centre
6.2.4 Home Care
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Blood Oxygen Probe Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Blood Oxygen Probe Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Blood Oxygen Probe Analysis and Forecast
9.1 Introduction
9.2 North America Blood Oxygen Probe Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Blood Oxygen Probe Market Size Forecast by Type
9.6.1 Reusable
9.6.2 Disposable
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Blood Oxygen Probe Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Clinics
9.10.3 Medical Health Centre
9.10.4 Home Care
9.10.5 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Blood Oxygen Probe Analysis and Forecast
10.1 Introduction
10.2 Europe Blood Oxygen Probe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Blood Oxygen Probe Market Size Forecast by Type
10.6.1 Reusable
10.6.2 Disposable
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Blood Oxygen Probe Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Clinics
10.10.3 Medical Health Centre
10.10.4 Home Care
10.10.5 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Blood Oxygen Probe Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Blood Oxygen Probe Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Blood Oxygen Probe Market Size Forecast by Type
11.6.1 Reusable
11.6.2 Disposable
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Blood Oxygen Probe Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Clinics
11.10.3 Medical Health Centre
11.10.4 Home Care
11.10.5 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Blood Oxygen Probe Analysis and Forecast
12.1 Introduction
12.2 Latin America Blood Oxygen Probe Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Blood Oxygen Probe Market Size Forecast by Type
12.6.1 Reusable
12.6.2 Disposable
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Blood Oxygen Probe Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Clinics
12.10.3 Medical Health Centre
12.10.4 Home Care
12.10.5 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Blood Oxygen Probe Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Blood Oxygen Probe Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Blood Oxygen Probe Market Size Forecast by Type
13.6.1 Reusable
13.6.2 Disposable
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Blood Oxygen Probe Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Clinics
13.10.3 Medical Health Centre
13.10.4 Home Care
13.10.5 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Blood Oxygen Probe Market: Competitive Dashboard
14.2 Global Blood Oxygen Probe Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GE
14.3.2 Medtronic
14.3.3 Smiths Medical
14.3.4 Opto Circuits
14.3.5 Physio-Control
14.3.6 Nonin Medical
14.3.7 Maxtec
14.3.8 ZOLL Medical
14.3.9 Masimo
14.3.10 Sensoronics
14.3.11 Beta Biomed Services
14.3.12 Welch Allyn
14.3.13 Tianjin Chase Sun Pharmaceutical
14.3.14 Heal Force Bio-Meditech Holdings
