Market Overview:
The global spO2 sensors market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of respiratory diseases, growing geriatric population, and technological advancements in spO2 sensors. Based on type, the global spO2 sensors market is segmented into fingertip, toe, auricular, tongue, and foot sensors. The fingertip sensor segment is expected to account for the largest share of the global spO2 sensors market in 2018. This segment is also projected to grow at a higher CAGR than other segments during the forecast period owing to its low cost and easy installation. Based on application, hospitals are expected to account for the largest share of the global spO2 sensors market in 2018 followed by medical clinics and operating rooms.
Product Definition:
A spO2 sensor is a device used to measure the oxygen saturation of arterial blood. The importance of spO2 sensors is that they allow clinicians to monitor a patient's oxygen levels and make sure they are within an acceptable range.
Fingertip:
Fingertip is a wearable SpO2 sensor that uses Capacitive Touch technology to measure the oxygen saturation level of patients. It's main applications are in point of care devices and non-invasive home healthcare monitoring market. The product was launched in 2015, and it has been gaining significant traction since then owing to its features such as portability, low power consumption, ease of use & comfort for long term usage along with high accuracy levels.
Toe:
Toe is a small sensor that is used in SpO2 sensors market. It helps to measure oxygen saturation level of blood in human body. The measurement of oxygen level in patient’s blood through toe is called as Toe-hold or noninvasive pulse oximetry (NIPT). NIPT measures the percentage of hemoglobin in arterial fluid, which contains oxygen and other nutrients.
Application Insights:
Based on application, the global market is segmented into hospitals, medical clinics, operating rooms, and homes. The home healthcare segment is anticipated to witness significant growth over the forecast period owing to increasing awareness about health monitoring devices among geriatric population as well as patients suffering from respiratory diseases. Furthermore, rising demand for non-invasive SpO2 sensors by medical professionals for patient monitoring in their offices or clinics will boost product demand over the next few years.
The operating room segment held a substantial share of revenue in 2017 and this trend is expected to continue over the forecast period due to an increase in number of surgical procedures globally coupled with high usage rates of anesthesia machines during these procedures. In addition, an increase in prevalence rate of chronic respiratory diseases such as asthma will further drive product demand from 2018 to 2030.
Regional Analysis:
North America dominated the global market in 2017 owing to the presence of well-established healthcare infrastructure, high patient awareness levels coupled with relatively higher healthcare expenditure levels in this region. The U.S.
Asia Pacific is expected to witness lucrative growth over the coming years due to improving healthcare infrastructure, rising disposable income along with increasing patient awareness regarding various treatment options available for respiratory disorders such as asthma and COPD.
The Middle East & Africa region is projecteded exhibit a CAGR exceeding 6% from 2018to 2030 due its rapidly developing economy along with growing medical tourism industry which has been attracting international patients towards hospitals & clinics offering better treatments at lower costs than those prevailing locally in their home countries or regions spending on travel.
Growth Factors:
- Increasing prevalence of respiratory diseases: The increasing prevalence of respiratory diseases is one of the major growth drivers for the spO2 sensors market. Respiratory diseases are caused due to various factors such as air pollution, smoking, and occupational exposure to dust and fumes. According to the World Health Organization (WHO), around 3 billion people are exposed to outdoor air pollution annually, which leads to about 7 million deaths worldwide. This is expected to increase in the coming years owing to the rising population and rapid industrialization in developing countries. This will create a high demand for spO2 sensors, thereby driving its growth during the forecast period.
- Growing geriatric population: The global geriatric population is growing at a rapid pace and is expected to reach 2 billion by 2050. This will lead to an increase in age-related disorders such as respiratory problems, which will require diagnosis and treatment using spO2 sensors. Thus, this segment is projected grow at a higher rate than other end-user segments during the forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
SpO2 Sensors Market Research Report
By Type
Fingertip, Toe, Auricular, Tongue, Foot
By Application
Hospitals, Medical Clinics, Operating Rooms, Homes
By Companies
Honeywell, Medlab, Masimo, Nonin, Smiths Medical, Spengler, Solaris Medical Technology,Inc., Heal Force, Envitec, MIPM, Comepa Industries, E & M Electromedicina, Bio Medical Technologies, KTMED Inc., Digicare Biomedical Technology, Thor, Devon Medical Products, Mediaid Inc., Bionics Corporation, Acare
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
244
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global SpO2 Sensors Market Report Segments:
The global SpO2 Sensors market is segmented on the basis of:
Types
Fingertip, Toe, Auricular, Tongue, Foot
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
Hospitals, Medical Clinics, Operating Rooms, Homes
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:
- Honeywell
- Medlab
- Masimo
- Nonin
- Smiths Medical
- Spengler
- Solaris Medical Technology,Inc.
- Heal Force
- Envitec
- MIPM
- Comepa Industries
- E & M Electromedicina
- Bio Medical Technologies
- KTMED Inc.
- Digicare Biomedical Technology
- Thor
- Devon Medical Products
- Mediaid Inc.
- Bionics Corporation
- Acare
Highlights of The SpO2 Sensors 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:
- Fingertip
- Toe
- Auricular
- Tongue
- Foot
- By Application:
- Hospitals
- Medical Clinics
- Operating Rooms
- Homes
- 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 SpO2 Sensors 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 SpO2 sensor is a type of oxygen sensor that measures the amount of oxygen in the air. This information is used to help monitor a patient's health and provide feedback to their caregivers.
Some of the major players in the spo2 sensors market are Honeywell, Medlab, Masimo, Nonin, Smiths Medical, Spengler, Solaris Medical Technology,Inc., Heal Force, Envitec, MIPM, Comepa Industries, E & M Electromedicina, Bio Medical Technologies, KTMED Inc., Digicare Biomedical Technology, Thor, Devon Medical Products, Mediaid Inc., Bionics Corporation, Acare.
The spo2 sensors market is expected to grow at a compound annual growth rate of 5.8%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. SpO2 Sensors Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. SpO2 Sensors Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. SpO2 Sensors Market - Supply Chain
4.5. Global SpO2 Sensors Market Forecast
4.5.1. SpO2 Sensors Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. SpO2 Sensors Market Size (000 Units) and Y-o-Y Growth
4.5.3. SpO2 Sensors Market Absolute $ Opportunity
5. Global SpO2 Sensors Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. SpO2 Sensors Market Size and Volume Forecast by Type
5.3.1. Fingertip
5.3.2. Toe
5.3.3. Auricular
5.3.4. Tongue
5.3.5. Foot
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global SpO2 Sensors Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. SpO2 Sensors Market Size and Volume Forecast by Application
6.3.1. Hospitals
6.3.2. Medical Clinics
6.3.3. Operating Rooms
6.3.4. Homes
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global SpO2 Sensors Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. SpO2 Sensors Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global SpO2 Sensors Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. SpO2 Sensors Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global SpO2 Sensors Demand Share Forecast, 2019-2026
9. North America SpO2 Sensors Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America SpO2 Sensors Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America SpO2 Sensors Market Size and Volume Forecast by Application
9.4.1. Hospitals
9.4.2. Medical Clinics
9.4.3. Operating Rooms
9.4.4. Homes
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America SpO2 Sensors Market Size and Volume Forecast by Type
9.7.1. Fingertip
9.7.2. Toe
9.7.3. Auricular
9.7.4. Tongue
9.7.5. Foot
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America SpO2 Sensors Demand Share Forecast, 2019-2026
10. Latin America SpO2 Sensors Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America SpO2 Sensors Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America SpO2 Sensors Market Size and Volume Forecast by Application
10.4.1. Hospitals
10.4.2. Medical Clinics
10.4.3. Operating Rooms
10.4.4. Homes
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America SpO2 Sensors Market Size and Volume Forecast by Type
10.7.1. Fingertip
10.7.2. Toe
10.7.3. Auricular
10.7.4. Tongue
10.7.5. Foot
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America SpO2 Sensors Demand Share Forecast, 2019-2026
11. Europe SpO2 Sensors Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe SpO2 Sensors Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe SpO2 Sensors Market Size and Volume Forecast by Application
11.4.1. Hospitals
11.4.2. Medical Clinics
11.4.3. Operating Rooms
11.4.4. Homes
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe SpO2 Sensors Market Size and Volume Forecast by Type
11.7.1. Fingertip
11.7.2. Toe
11.7.3. Auricular
11.7.4. Tongue
11.7.5. Foot
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe SpO2 Sensors Demand Share, 2019-2026
12. Asia Pacific SpO2 Sensors Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific SpO2 Sensors Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific SpO2 Sensors Market Size and Volume Forecast by Application
12.4.1. Hospitals
12.4.2. Medical Clinics
12.4.3. Operating Rooms
12.4.4. Homes
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific SpO2 Sensors Market Size and Volume Forecast by Type
12.7.1. Fingertip
12.7.2. Toe
12.7.3. Auricular
12.7.4. Tongue
12.7.5. Foot
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific SpO2 Sensors Demand Share, 2019-2026
13. Middle East & Africa SpO2 Sensors Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa SpO2 Sensors Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa SpO2 Sensors Market Size and Volume Forecast by Application
13.4.1. Hospitals
13.4.2. Medical Clinics
13.4.3. Operating Rooms
13.4.4. Homes
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa SpO2 Sensors Market Size and Volume Forecast by Type
13.7.1. Fingertip
13.7.2. Toe
13.7.3. Auricular
13.7.4. Tongue
13.7.5. Foot
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa SpO2 Sensors Demand Share, 2019-2026
14. Competition Landscape
14.1. Global SpO2 Sensors Market: Market Share Analysis
14.2. SpO2 Sensors Distributors and Customers
14.3. SpO2 Sensors Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Honeywell
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Medlab
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Masimo
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Nonin
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Smiths Medical
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Spengler
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Solaris Medical Technology,Inc.
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Heal Force
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Envitec
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. MIPM
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Comepa Industries
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. E & M Electromedicina
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Bio Medical Technologies
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. KTMED Inc.
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Digicare Biomedical Technology
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Thor
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Devon Medical Products
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Mediaid Inc.
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Bionics Corporation
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Acare
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
