Should I be concerned? Does it mean the oil pump is going to fail? It looks like oil is coming out the sensor itself...
1. yes, of course. Sometimes small leaks turn into large ones. If the sensor turns into a large leak, all the oil gets dumped overboard before it lubes the engine. Most engines fail without lubrication. However, your chain might enjoy the bath.
2. Not really. But, all machines will fail at some point. When is the issue. A failed pump likely won't move oil. An oil leak, particularly at the oil sensor, indicates the oil is still moving and the pump is making pressure. This is good.
3. Then replace the sensor.