PPG Biosensors Market Growth & Trends
The global PPG biosensors market size is expected to reach USD 966.18 million by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 11.6% from 2023 to 2030. An increasing number of cardiovascular disorders, the impact of COVID-19, the surge in adoption of smart wearables, and technological advancements are the key driving factors for the market.
The increasing incidence of cardiovascular diseases across the globe is anticipated to drive the market. For instance, according to the American Heart Association, almost 17.0 million people die each year as a result of cardiac abnormalities, and this figure is expected to rise to 23 million by 2030. PPG typically measures blood pressure, oxygen saturation, and cardiac output through a series of waves and peak detection. Thus, the rising number of CVDs is expected to boost the demand for PPG biosensors, which is expected to lead to considerable market growth over the forecast period.
The increasing adoption of wearable healthcare devices in developing economies is expected to drive the market. Fit bits, pulse oximeters, smartwatches, and other wearable healthcare systems are incorporated with optical sensors to provide real-time patient health tracking solutions. For instance, the Realme watch comes with wide-ranging health functions comprising of blood-oxygen-level (SpO2) and top-level PPG heart rate sensors. Several smartwatches with inbuilt PPG sensors from Apple, Moto G, Realme will be launching in later 2021. In Oct 2020, Mobvoi launched its new TicWatch Pro 3 smartwatch in India that consists of a PPG sensor. Moreover, smart rings are relatively new, however, Oura Ring facilitated with Infrared Photoplethysmography Sensors (PPG) for heart rate and respiration, is booming in the market. These sensors have many advantages, including high precision, small scale, and no sensitivity to electromagnetic radiation, which makes them suitable for use in medical-grade wearable devices.
PPG Biosensors Market Report Highlights
- In terms of revenue, the smartwatches segment held the largest revenue share in 2022. The rising adoption of smartwatches across the globe is the major factor propelling the segment growth
- The heart rate monitoring segment held the largest revenue share in 2022 and is expected to witness the fastest growth over the forecast period due to the increasing number of cardiovascular disorders
- In Asia Pacific, the market is expected to witness the fastest growth rate over the forecast period owing to the rising prevalence of cardiovascular disorders
Table of Contents
Chapter 1 Research Methodology
- 1.1 Research Methodology
- 1.1.1 Information procurement
- 1.2 Information or Data Analysis
- 1.3 Market Formulation & Validation
- 1.4 Region Wise Market Calculation
- 1.4.1 Region Wise Market: Base Estimates
- 1.4.2 Global Market: CAGR Calculation
- 1.5 Region Based Segment Share Calculation
- 1.6 Model Details
- 1.6.1 Commodity Flow Analysis (Model 1)
- 1.6.2 Volume price analysis (Model 2)
- 1.7 List of Secondary Sources
Chapter 2 Objectives
- 2.1 Objective - 1
- 2.2 Objective - 2
- 2.3 Objective - 3
- 2.4 Objective - 4
Chapter 3 Executive Summary
- 3.1 Market Outlook
- 3.2 Segment Outlook
- 3.3 Competitive Insights
- 3.3.1 Market Segmentation
- 3.4 Market Snapshot
Chapter 4 PPG Biosensors Market Variables, Trends & Scope
- 4.1 Market Lineage Outlook
- 4.1.1 Parent market outlook
- 4.1.2 Ancillary Market
- 4.2 Penetration & Growth Prospect Mapping
- 4.3 Regulatory Framework
- 4.4 Market Dynamics
- 4.4.1 Market driver analysis
- 4.4.1.1 Global increase in prevalence of cardiovascular diseases
- 4.4.1.2 Increasing demand for smart wearables incorporated wih PPG biosensors
- 4.4.1.3 Rising awareness regarding health monitoring
- 4.4.2 Market restraint analysis
- 4.4.2.1 High cost
- 4.4.2.2 Several disadvanategs ovre ECG sensors
- 4.5 PPG Biosensors Market Analysis Tools
- 4.5.1 SWOT Analysis, by PEST
- 4.5.2 Porter's five forces analysis
- 4.6 Major Deals & Strategic Alliances Analysis
- 4.6.1 Geographical expansion
- 4.6.2 Product launches
- 4.7 COVID-19 Market Impact
- 4.7.1 Supply chain
- 4.7.2 Changing market trends
- 4.8 Market Entry Strategies
- 4.8.1 Tapping unmet needs
Chapter 5 PPG Biosensors Market: Segment Analysis, By Product, 2018 - 2030 (USD Million)
- 5.1 Definitions & Scope
- 5.2 Product Market Share Analysis, 2022 & 2030
- 5.3 PPG Biosensors Market, by Product, 2018 to 2030
- 5.4 Market Size Forecasts and Trend Analysis
- 5.4.1 Pulse Oximeters
- 5.4.1.1 Pulse oximeters market, 2018 - 2030 (USD Million)
- 5.4.2 Smart Watches
- 5.4.2.1 Smart watches market, 2018 - 2030 (USD Million)
- 5.4.3 Smart Wrist Bands
- 5.4.3.1 Smart wrist bands market, 2018 - 2030 (USD Million)
- 5.4.4 Other Products
- 5.4.4.1 Other products market, 2018 - 2030 (USD Million)
Chapter 6 PPG Biosensors Market: Segment Analysis, By Application, 2018 - 2030 (USD Million)
- 6.1 Definitions & Scope
- 6.2 Application Market Share Analysis, 2022 & 2030
- 6.3 PPG Biosensors Market, by Application, 2018 to 2030
- 6.4 Market Size Forecasts and Trend Analysis
- 6.4.1 Heart Rate Monitoring
- 6.4.1.1 Heart rate monitoring market, 2018 - 2030 (USD Million)
- 6.4.2 Blood-oxygen Saturation
- 6.4.2.1 Blood-oxygen saturation market, 2018 - 2030 (USD Million)
- 6.4.3 Blood Pressure
- 6.4.3.1 Blood pressure market, 2018 - 2030 (USD Million)
- 6.4.4 Other Applications
- 6.4.4.1 Other applications market, 2018 - 2030 (USD Million)
Chapter 7 PPG Biosensors Market: Regional Market Analysis, By Product, and Application, 2018 - 2030 (USD Million)
- 7.1 Definitions & Scope
- 7.2 Regional Market Share Analysis, 2022 & 2030
- 7.3 Regional Market Snapshot
- 7.4 Market Size Forecasts & Trend Analysis
- 7.4.1 North America
- 7.4.1.1 North America PPG biosensors market, 2018 - 2030 (USD Million)
- 7.4.1.2 U.S.
- 7.4.1.2.1 U.S. PPG biosensors market, 2018 - 2030 (USD Million)
- 7.4.1.3 Canada
- 7.4.1.3.1 Canada PPG biosensors market, 2018 - 2030 (USD Million)
- 7.4.2 Europe
- 7.4.2.1 Europe PPG biosensors market, 2018 - 2030 (USD Million)
- 7.4.2.2 UK
- 7.4.2.2.1 UK PPG biosensors market, 2018 - 2030 (USD Million)
- 7.4.2.3 Germany
- 7.4.2.3.1 Germany PPG biosensors market, 2018 - 2030 (USD Million)
- 7.4.2.4 France
- 7.4.2.4.1 France PPG biosensors market, 2018 - 2030 (USD Million)
- 7.4.2.5 Spain
- 7.4.2.5.1 Spain PPG biosensors market, 2018 - 2030 (USD Million)
- 7.4.2.6 Italy
- 7.4.2.6.1 Italy PPG biosensors market, 2018 - 2030 (USD Million)
- 7.4.2.7 Sweden
- 7.4.2.7.1 Sweden PPG biosensors market, 2018 - 2030 (USD Million)
- 7.4.2.8 Denmark
- 7.4.2.8.1 Denmark PPG biosensors market, 2018 - 2030 (USD Million)
- 7.4.2.9 Norway
- 7.4.2.9.1 Norway PPG biosensors market, 2018 - 2030 (USD Million)
- 7.4.3 Asia Pacific
- 7.4.3.1 Asia Pacific PPG biosensors market, 2018 - 2030 (USD Million)
- 7.4.3.2 Japan
- 7.4.3.2.1 Japan PPG biosensors market, 2018 - 2030 (USD Million)
- 7.4.3.3 China
- 7.4.3.3.1 China PPG biosensors market, 2018 - 2030 (USD Million)
- 7.4.3.4 India
- 7.4.3.4.1 India PPG biosensors market, 2018 - 2030 (USD Million)
- 7.4.3.5 Thailand
- 7.4.3.5.1 Thailand PPG biosensors market, 2018 - 2030 (USD Million)
- 7.4.3.6 Australia
- 7.4.3.6.1 Australia PPG biosensors market, 2018 - 2030 (USD Million)
- 7.4.3.7 South Korea
- 7.4.3.7.1 South Korea PPG biosensors market, 2018 - 2030 (USD Million)
- 7.4.4 Latin America
- 7.4.4.1 Latin America PPG biosensors market, 2018 - 2030 (USD Million)
- 7.4.4.2 Brazil
- 7.4.4.2.1 Brazil PPG biosensors market, 2018 - 2030 (USD Million)
- 7.4.4.3 Mexico
- 7.4.4.3.1 Mexico PPG biosensors market, 2018 - 2030 (USD Million)
- 7.4.4.4 Argentina
- 7.4.4.4.1 Argentina PPG biosensors market, 2018 - 2030 (USD Million)
- 7.4.5 Middle East & Africa
- 7.4.5.1 Middle East & Africa PPG biosensors market, 2018 - 2030 (USD Million)
- 7.4.5.2 South Africa
- 7.4.5.2.1 South Africa PPG biosensors market, 2018 - 2030 (USD Million)
- 7.4.5.3 Saudi Arabia
- 7.4.5.3.1 Saudi Arabia PPG biosensors market, 2018 - 2030 (USD Million)
- 7.4.5.4 UAE
- 7.4.5.4.1 UAE PPG biosensors market, 2018 - 2030 (USD Million)
- 7.4.5.5 Kuwait
- 7.4.5.5.1 Kuwait PPG biosensors market, 2018 - 2030 (USD Million)
Chapter 8 PPG Biosensors Market: Competitive Analysis
- 8.1 Company Profiles
- 8.1.1 Valencell. Inc.
- 8.1.1.1 Company overview
- 8.1.1.2 Financial performance
- 8.1.1.3 Product benchmarking
- 8.1.1.4 Strategic initiatives
- 8.1.2 Maxim Integrated
- 8.1.2.1 Company overview
- 8.1.2.2 Financial performance
- 8.1.2.3 Product benchmarking
- 8.1.2.4 Strategic initiatives
- 8.1.3 Murata Manufacturing Co., Ltd.
- 8.1.3.1 Company overview
- 8.1.3.2 Financial performance
- 8.1.3.3 Product benchmarking
- 8.1.3.4 Strategic initiatives
- 8.1.4 Silicon Laboratories
- 8.1.4.1 Company overview
- 8.1.4.2 Financial performance
- 8.1.4.3 Product benchmarking
- 8.1.4.4 Strategic initiatives
- 8.1.5 Mediatek
- 8.1.5.1 Company overview
- 8.1.5.2 Financial performance
- 8.1.5.3 Product benchmarking
- 8.1.5.4 Strategic initiatives
- 8.1.6 ams AG
- 8.1.6.1 Company overview
- 8.1.6.2 Financial performance
- 8.1.6.3 Product benchmarking
- 8.1.6.4 Strategic initiatives