Press release
Photoplethysmography (PPG) Biosensor Market Expected to Grow at 11.2 Percent CAGR Backed by Rising Demand for Mobile Health Monitoring Devices
Photoplethysmography (PPG) Biosensor Market
According to the latest research by InsightAce Analytic, the global photoplethysmography (PPG) biosensor market is valued at 400.0 Million in 2022 and is expected to reach 1032.3 Million by the year 2031, with a CAGR of 11.2 % during a forecast period of 2023-2031.
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Biosensors are analytical devices that translate biological responses into electrical signals, facilitating the detection and measurement of specific chemical substances. These instruments, often referred to as "biological sensors," are integral to numerous healthcare applications. Among the various types, photoplethysmography (PPG) biosensors have gained prominence for their versatility and ability to be seamlessly integrated into consumer and medical devices such as smart rings, wristwatches, patches, and earphones.
PPG biosensors function by emitting light through motion-tolerant technology to detect changes in skin characteristics related to blood flow. This enables the continuous monitoring of various physiological parameters, enhancing their utility in both clinical and wearable health monitoring systems.
The global PPG biosensor market is poised for substantial growth over the forecast period, primarily driven by increasing adoption across diverse end-use sectors. Factors such as rising investments in research and development, along with higher healthcare expenditures, are propelling market demand. Furthermore, the expanding need for glucose monitoring systems is further contributing to the market's upward trajectory. However, the high initial costs associated with biosensor development may present short-term limitations to market expansion.
Looking ahead, market growth is expected to be supported by the escalating global prevalence of diabetes and the rising demand for compact, real-time diagnostic technologies. Despite these opportunities, the market may encounter obstacles stemming from rigorous regulatory standards required for biosensor validation and approval, particularly in research and clinical settings.
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Regionally, North America is projected to dominate the PPG biosensor market throughout the forecast period, primarily due to the rising incidence of cardiovascular diseases and the widespread availability of affordable wearable biosensors. The Asia-Pacific region is also expected to register substantial growth, fueled by increased adoption of wearable technologies such as smartwatches in developed economies. Additionally, investments from industry participants focused on advancing PPG biosensors to detect a broader range of health anomalies in real time are expected to further drive regional market expansion.
Major market players operating in the Photoplethysmography (PPG) Biosensor market include
Ardo, Bedlike, BISTOS, Breed, CA-MI, Free mi, Hunker Essa vet Medical, Kawecki, Med Net GmbH, Valence Inc., Maxim Integrated, MediaTek Inc., Laboratories Inc., La Diffusion Technique Françoise, Murata Manufacturing Co. Ltd., Life Inc., Texas Instruments Inc., Fitbit, Inc., and Apple Inc.
Recent collaborations and agreements in the market:
• In February 2021, The Bedside SpO2 Patient Monitoring System and the Masimo Radical-7 Pulse CO-Oximeter, both set to the highest sensitivity, were compared with electrocardiography (ECG) monitoring after Caesarean section delivery of 60 newborns in an independent, prospective observational study. Medtronic plc published the results.
• In July 2020, Mattoon Biomed, founded by Jining Dham, a Biomedical Research Engineer, released Oxysalt, a 100% Indian-made pulse oximeter with an 18-month replacement warranty, at a low price. Unlike others, the corporation provides quality assurance because it owns the sourcing, manufacturing, and distribution.
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Market Segments
Global Photoplethysmography (PPG) Biosensor's Market, by Products, 2022-2030 (Value US$ Mn)
• Smart Watches
• Pulse Oximeters
• Smart Wrist Bands
• Other Product Types
Global Photoplethysmography (PPG) Biosensor's Market, by Distribution Channels, 2022-2030 (Value US$ Mn)
• Pharmacies
• Electronic Stores
• E-commerce
• Other Distribution Channels
Global Photoplethysmography (PPG) Biosensor's Market, by Application, 2022-2030 (Value US$ Mn)
• Heart Rate Monitoring
• Blood-oxygen Saturation
• Blood Pressure
• Other Applications
Global Photoplethysmography (PPG) Biosensor's Market, by Region, 2022-2030 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
North America Photoplethysmography (PPG) Biosensor's Market, by Country, 2022-2030 (Value US$ Mn)
• U.S.
• Canada
Europe Photoplethysmography (PPG) Biosensor's Market, by Country, 2022-2030 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe
Asia Pacific Photoplethysmography (PPG) Biosensor's Market, by Country, 2022-2030 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand
Latin America Photoplethysmography (PPG) Biosensor's Market, by Country, 2022-2030 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America
Middle East & Africa Photoplethysmography (PPG) Biosensor's Market, by Country, 2022-2030 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa
Why should buy this report:
• To receive a comprehensive analysis of the prospects for the global photoplethysmography (PPG) biosensor market
• To receive an industry overview and future trends of the photoplethysmography (PPG) biosensor market
• To analyze the photoplethysmography (PPG) biosensor's market drivers and challenges
• To get information on the photoplethysmography (PPG) biosensor's market value (US$Mn) forecast to 2030
• Significant investments, mergers & acquisitions in the photoplethysmography (PPG) biosensor market industry
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About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
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InsightAce Analytic Pvt. Ltd.
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