Medical Oxygen Sensors Market is expected to reach USD 4.0 billion by 2029

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.

View Detailed Report@ https://www.databridgemarketresearch.com/reports/global-medical-oxygen-sensors-market

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.

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)

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