Market Overview:
The global fingertip spO2 sensor 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 chronic diseases, rising geriatric population, and technological advancements in fingertip spO2 sensors. Based on type, the global fingertip spO2 sensor market is segmented into disposable and reusable sensors. The disposable sensors segment is expected to grow at a higher CAGR than the reusable sensors segment during the forecast period. This can be attributed to factors such as increasing demand for single-use devices and growing awareness about hygiene among healthcare professionals. Based on application, the global fingertip spO2 sensor market is divided into hospital, clinic, and other applications segments. The hospital segment accounted for majority of share of this market in 2017 and is projected to maintain its dominance during the forecast period owing to rising number of patients with chronic diseases that require continuous monitoring of blood oxygen levels using fingertips sensors.
Product Definition:
A fingertip oximeter sensor is a device that clips onto a patient's fingertip to measure their blood oxygen saturation level. The sensor uses light to measure the amount of oxygen in the blood and displays the results on a screen. Fingertip oximeters are used to monitor patients who are at risk for hypoxia, such as those with heart or lung disease.
Disposable:
Disposable is a new term in the Fingertip SpO2 sensor market. It was introduced to differentiate between medical devices and their accessories. Disposable sensors are intended for single use only, which eliminates the need for reprocessing of these products after sterilization procedures.
Reusable:
Reusable and it's usage in Fingertip SpO2 Sensor market? Reusable sensors are used to measure arterial blood oxygen saturation level. These sensors are capable of being reused and have a longer life span as compared to conventional disposable ones. The growing demand for wearable medical devices is expected to drive the reusable sensor market over the forecast period.
Application Insights:
The market is segmented based on application into hospital, clinic and other. The hospital segment dominated the overall market in terms of revenue in 2017. Factors such as increasing number of surgeries, rising prevalence of chronic diseases and high patient traffic are contributing to the growth of this segment. Moreover, a rise in healthcare spending by governments as well as private organizations is expected to fuel industry expansion over the forecast period.
Clinic applications are anticipated to witness significant growth during the forecast period owing to factors such as growing awareness about better O2 delivery systems coupled with rising investments for improving healthcare infrastructure across developing countries including China, India and Brazil. Furthermore, technological advancements that have made it easier for patients suffering from respiratory disorders or sleep apnea problems receive accurate SpO2 sensors will also boost demand over next few years.
Other applications include homecare settings.
Regional Analysis:
North America dominated the global market in 2017 owing to favorable reimbursement policies, increasing geriatric population, and technological advancements. The U.S. is one of the most developed countries with respect to healthcare IT as it has a large number of clinical research studies that involve advanced technologies for patient care and management.
Asia Pacific region is anticipated to witness lucrative growth over the forecast period owing to rising disposable income coupled with improving healthcare infrastructure in developing economies such as India and China.
Growth Factors:
- Increasing prevalence of chronic diseases: The increasing prevalence of chronic diseases such as diabetes, respiratory disorders, and heart conditions is a major growth driver for the Fingertip SpO2 Sensor market. This is because the use of fingertip SpO2 sensors helps in the early diagnosis and treatment of these conditions.
- Rising demand for portable medical devices: The growing demand for portable medical devices is another key growth driver for the Fingertip SpO2 Sensor market. This is because fingertip SpO2 sensors are small in size and easy to use, making them ideal for use in portable medical devices.
- Technological advancements: The advent of new technologies such as Bluetooth-enabled fingertip sp02 sensors has helped to boost the growth of this market significantly. These new technologies make it easier to transmit data from fingertips sensors to monitoring systems, thus improving patient care outcomes significantly.
Scope Of The Report
Report Attributes
Report Details
Report Title
Fingertip SpO2 Sensor Market Research Report
By Type
Disposable, Reusable
By Application
Hospital, Clinic, Other
By Companies
Acare, Beijing Choice Electronic Tech Co., Ltd., Biomedical technology, Drager, EnviteC, Global Tec, Heal Force, Honeywell, KTMED, Med Accessories Technology, Acare, Medlab GmbH, Nonin Medical, Inc., TE Connectivity, Smiths Medical
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
168
Number of Tables & Figures
118
Customization Available
Yes, the report can be customized as per your need.
Global Fingertip SpO2 Sensor Market Report Segments:
The global Fingertip SpO2 Sensor market is segmented on the basis of:
Types
Disposable, Reusable
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, Clinic, 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:
- Acare
- Beijing Choice Electronic Tech Co., Ltd.
- Biomedical technology
- Drager
- EnviteC
- Global Tec
- Heal Force
- Honeywell
- KTMED
- Med Accessories Technology
- Acare
- Medlab GmbH
- Nonin Medical, Inc.
- TE Connectivity
- Smiths Medical
Highlights of The Fingertip SpO2 Sensor 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:
- Disposable
- Reusable
- By Application:
- Hospital
- Clinic
- 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 Fingertip SpO2 Sensor 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 fingertip SpO2 sensor is a small, disposable medical device that measures oxygen levels in the blood using light interference. Fingertip sensors are often used to monitor patients with serious respiratory problems, such as COPD or asthma.
Some of the major players in the fingertip spo2 sensor market are Acare, Beijing Choice Electronic Tech Co., Ltd., Biomedical technology, Drager, EnviteC, Global Tec, Heal Force, Honeywell, KTMED, Med Accessories Technology, Acare, Medlab GmbH, Nonin Medical, Inc., TE Connectivity, Smiths Medical.
The fingertip spo2 sensor 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 Fingertip SpO2 Sensor 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 Fingertip SpO2 Sensor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Fingertip SpO2 Sensor 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 Fingertip SpO2 Sensor 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 Fingertip SpO2 Sensor Market Size & Forecast, 2018-2028
4.5.1 Fingertip SpO2 Sensor Market Size and Y-o-Y Growth
4.5.2 Fingertip SpO2 Sensor Market Absolute $ Opportunity
Chapter 5 Global Fingertip SpO2 Sensor 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 Fingertip SpO2 Sensor Market Size Forecast by Type
5.2.1 Disposable
5.2.2 Reusable
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Fingertip SpO2 Sensor 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 Fingertip SpO2 Sensor Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Clinic
6.2.3 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Fingertip SpO2 Sensor 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 Fingertip SpO2 Sensor 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 Fingertip SpO2 Sensor Analysis and Forecast
9.1 Introduction
9.2 North America Fingertip SpO2 Sensor 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 Fingertip SpO2 Sensor Market Size Forecast by Type
9.6.1 Disposable
9.6.2 Reusable
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 Fingertip SpO2 Sensor Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Clinic
9.10.3 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 Fingertip SpO2 Sensor Analysis and Forecast
10.1 Introduction
10.2 Europe Fingertip SpO2 Sensor 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 Fingertip SpO2 Sensor Market Size Forecast by Type
10.6.1 Disposable
10.6.2 Reusable
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 Fingertip SpO2 Sensor Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Clinic
10.10.3 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 Fingertip SpO2 Sensor Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Fingertip SpO2 Sensor 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 Fingertip SpO2 Sensor Market Size Forecast by Type
11.6.1 Disposable
11.6.2 Reusable
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 Fingertip SpO2 Sensor Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Clinic
11.10.3 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 Fingertip SpO2 Sensor Analysis and Forecast
12.1 Introduction
12.2 Latin America Fingertip SpO2 Sensor 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 Fingertip SpO2 Sensor Market Size Forecast by Type
12.6.1 Disposable
12.6.2 Reusable
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 Fingertip SpO2 Sensor Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Clinic
12.10.3 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) Fingertip SpO2 Sensor Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Fingertip SpO2 Sensor 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) Fingertip SpO2 Sensor Market Size Forecast by Type
13.6.1 Disposable
13.6.2 Reusable
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) Fingertip SpO2 Sensor Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Clinic
13.10.3 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 Fingertip SpO2 Sensor Market: Competitive Dashboard
14.2 Global Fingertip SpO2 Sensor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Acare
14.3.2 Beijing Choice Electronic Tech Co., Ltd.
14.3.3 Biomedical technology
14.3.4 Drager
14.3.5 EnviteC
14.3.6 Global Tec
14.3.7 Heal Force
14.3.8 Honeywell
14.3.9 KTMED
14.3.10 Med Accessories Technology
14.3.11 Acare
14.3.12 Medlab GmbH
14.3.13 Nonin Medical, Inc.
14.3.14 TE Connectivity
14.3.15 Smiths Medical
