The North American market is expected to grow with a significant CAGR in the forecast period. This is mainly attributed to the increase in demand for portable oxygen sensors market in this region. Portable oxygen sensors are small and light in weight that can be used by patients requiring supplement oxygen owing to this, these devices are becoming increasingly popular due to convenience and popularity. Additionally, the increasing prevalence of respiratory disorders including asthma, emphysema, lung cancer and other medical conditions in this region is also increasing the demand for oxygen sensors.

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For instance, according to the Centers for disease control 2022 report, in 2019 around 221,097 new lung cancer cases were reported in the United States. Further, as per the above-mentioned source, people who consume cigarettes, pipes or cigars are more prone to develop lung cancer than those who don’t consume. Furthermore, other risk factors include air pollution, family history, genetic variation and other medical conditions. Furthermore, the increased healthcare expenditure is also contributing majorly to the market growth. For instance, the national health expenditure in the United States grew 2.7% to $4.3 trillion in 2021, or $12,914 per person, and accounted for 18.3% of the Gross Domestic Product (GDP). Furthermore, the presence of key market players in this region is also a major contributing factor to the growth of this region.

North America Oxygen Sensor Market Revenue (2020-2028) – USD Mn

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·        Based on the product, the market is segmented into types zirconia, electrochemical, galvanic, infrared, ultrasonic and optical. Amongst these, the infrared segment type is anticipated to grow with a significant CAGR in the forecasted period.

·        Based on the application the market is segmented into anaesthesia equipment, ventilators, oxygen monitors and analyzer. Amongst these, the ventilator segment is anticipated to grow with a significant CAGR in the forecasted period

·        Based on sensor placement the market is segmented into strip sensors, implantable sensors, and non-invasive sensors. Amongst these, the non-invasive segment is anticipated to grow with a significant CAGR.

Global Bilirubin Market Segmentation

Market Insight, by Type

·        Zirconia

·        Electrochemical

·        Galvanic

·        Infrared

·        Ultrasonic

·        Optical

Market Insights, by Application

·             Anaesthesia Equipment

·             Ventilators 

·             Oxygen Monitors

·             Analyzer

 Market Insight, by Sensor Placement

·          Strip Sensor

·          Implantable sensors

·          Non-Invasive Sensors

Market Insight, by End-Users

·             Hospitals

·             Clinics

·             Home healthcare

Market Insight, by Region

·        North America

o   U.S.

o   Canada

o   Rest of North America

·        Europe

o  UK

o  Germany

o  France

o  Italy

o  Spain

o  Rest of Europe

·        APAC

o  China

o  Japan

o  India

o  South Korea

o  Rest of APAC

·        Rest of the World

Top Company Profiles

·             STMicroelectronics

·              Honeywell International Inc

·             TE Connectivity.

·              First Sensor AG

·             ICU Medical, Inc. 

·             SST Sensing Ltd 

·             Orantech USA Inc.

·             PreSens Precision Sensing GmbH

·             Nuova GmbH 

·             Medtronic