Dublin, Sept. 22, 2023 (GLOBE NEWSWIRE) -- The "Global PPG Biosensors Market by Product, Application, Distribution, End Use - Cumulative Impact of COVID-19, Russia Ukraine Conflict, and High Inflation - Forecast 2023-2030" report has been added to ResearchAndMarkets.com's offering.
The Global PPG Biosensors Market size was estimated at USD 567.40 million in 2022, USD 641.71 million in 2023, and is projected to grow at a Compound Annual Growth Rate (CAGR) of 13.23% to reach USD 1,533.36 million by 2030.
In this report, 2018 to 2021 are considered as historical years, 2022 is the base year, 2023 is the estimated year, and years from 2024 to 2030 are considered as forecast period.
The report considers the ongoing political and economic uncertainty in Eastern Europe caused by the Russia-Ukraine Conflict and its potential implications for demand-supply balances, pressure on pricing variants, and import/export and trading. Additionally, the report addresses the impact of High Inflation on the global economy and details fiscal policies measuring and reducing its effects on demand, supply, cash flow, and currency exchange.
The Market Share Analysis offers an insightful look at the current state of vendors in a particular market space. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share.
The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Market Segmentation & Coverage:
This research report categorizes the Global PPG Biosensors Market in order to forecast the revenues and analyze trends in each of the following sub-markets:
- Based on Product, the market is studied across Pulse Oximeters, Smart Watches, and Smart Wristbands. The Smart Watches commanded the largest market share of 42.60% in 2022, followed by Pulse Oximeters.
- Based on Application, the market is studied across Blood Pressure, Blood-oxygen Saturation, and Heart Rate Monitoring. Heart Rate Monitoring commanded the largest market share of 42.11% in 2022, followed by Blood-oxygen Saturation.
- Based on Distribution, the market is studied across Consumer Electronic Stores, E-commerce, and Retail Pharmacies. The Consumer Electronic Stores commanded the largest market share of 58.01% in 2022, followed by E-commerce.
- Based on End Use, the market is studied across Clinical and Individual. The Individual commanded the largest market share of 59.92% in 2022, followed by Clinical.
- The Americas commanded the largest market share of 34.64% in 2022, followed by Europe, Middle East & Africa.
The report answers questions such as:
- What is the market size and forecast of the Global PPG Biosensors Market?
- What are the inhibiting factors and impact of COVID-19 shaping the Global PPG Biosensors Market during the forecast period?
- Which are the products/segments/applications/areas to invest in over the forecast period in the Global PPG Biosensors Market?
- What is the competitive strategic window for opportunities in the Global PPG Biosensors Market?
- What are the technology trends and regulatory frameworks in the Global PPG Biosensors Market?
- What is the market share of the leading vendors in the Global PPG Biosensors Market?
- What modes and strategic moves are considered suitable for entering the Global PPG Biosensors Market?
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 190 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $641.71 Million |
| Forecasted Market Value (USD) by 2030 | $1533.36 Million |
| Compound Annual Growth Rate | 13.2% |
| Regions Covered | Global |
Market Dynamics
Drivers
- Rising Aging Population and Increasing Prevalence of Cardiovascular Disorders
- Growing Demand for Point-of-Care Devices Among Patients
- Increased Demand for Smart Wearables Integrated with PPG Biosensors Used to Measure Heart Rate, Blood Oxygen Saturation, and Blood Pressure
Restraints
- Technical Limitation and Inaccuracy Issues Related to PPG Biosensors
Opportunities
- Innovative Development in PPG biosensors
- Increasing Potential of PPG Biometric Sensors in Hearing Aids
Challenges
- Alternative ECG Biosensor Technology
Competitive Portfolio
- Ams-OSRAM AG
- Analog Devices, Inc.
- Apple Inc.
- Contec Medical Systems Co., Ltd.
- Dragerwerk AG & Co. KGaA
- Edwards Lifesciences Corporation
- Empatica Inc.
- Fitbit, Inc.
- GE Healthcare
- Hill-Rom Holdings, Inc.
- Johnson & Johnson
- Koninklijke Philips N.V.
- MediaTek Inc.
- MedNet GmbH
- Medtronic PLC
- Murata Manufacturing Co., Ltd.
- OSI Systems, Inc.
- Renesas Electronics Corporation
- Reveal Biosensors, Inc.
- SEIKO EPSON CORPORATION
- Siemens Healthcare AG
- Silicon Laboratories Inc.
- Texas Instruments Incorporated
- Valencell, Inc.
- Vishay Intertechnology, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/fp8ujy
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