According to the recently published PPG biosensors market size study report from Future Market Insights, the size of the PPG biosensors market worldwide is expected to reach US$ 473 million by 2022. It is anticipated that the market would reach a worth of US$ 1.9 billion by 2033, with a compound annual growth rate (CAGR) of 15.2% between 2023 and 2033. With a CAGR of more than 17.1% from 2023 to 2033, heart rate monitoring is expected to be the most profitable industry.
Factors such as the increasing number of CVD cases worldwide, as well as people’s increased focus on fitness, are driving the global market for PPG biosensors. Technological advancements and the non-invasive nature of PPG biosensors are expected to drive the market during the forecast period.
PPG biosensor technology is constantly evolving, resulting in the creation of several new devices that will improve the efficiency and accuracy of biosensors. Biosensors integrating artificial intelligence have been developed in recent years. For example, in 2019, researchers developed an AI classifier that can use a wearable wrist biosensor to diagnose a particular CVD called hypertrophic cardiomyopathy.
Get a Sample Copy of the Report:
https://www.futuremarketinsights.com/reports/sample/rep-gb-16465
Because of the rising use of sophisticated technologies in healthcare, North America led the market for PPG biosensors in 2022. Nearly half of the population in the United States has a type of CVD that need continual monitoring. The FDA has authorized numerous PPGs in recent years, boosting the PPG biosensors market in the region.
Competitive Analysis
The leading PPG biosensors market companies are extensively spending on research and development to develop biosensor technologies for improved disease management and surveillance. Besides, the companies are also engaged in forming partnerships to expand their global footprint.
Some of the recent developments of key PPG biosensors providers are as follows:
- In July 2022, Mitocon Biomed launched Oxysat, a pulse oximeter with an 18-month replacement warranty. The company owns the procurement, manufacturing, and distribution rights.
- InApril 2022, Amazfit Bip U Pro and BOAT Xplorer were released in India. PPG bio-tracking optical sensors in smartwatches continually measure heart rate.
- InJune 2020, Xiaomi Mi Band 5 was launched which had numerous new features, including a bigger OLED display, improved HR tracking, and magnetic charging. It had a PPG Biosensor installed in it which facilitated enhanced heart rate monitoring.
Elevate Strategy: Tap into Analyst Expertise Now:
https://www.futuremarketinsights.com/ask-question/rep-gb-16465
Key Companies Profiled:
- Valencell, Inc.
- Maxim Integrated
- Murata Manufacturing Co., Ltd.
- Silicon Laboratories
- Mediatek
- AMS AG
Market Segments Covered in PPG biosensors Market Analysis
By Product Type:
- Pulse Oximeters
- Smart Watches
- Smart Wrist Bands
- Other Product types
Unleash Potential: Craft Your Customized Report Now:
https://www.futuremarketinsights.com/customization-available/rep-gb-16465
By Application:
- Heart Rate Monitoring
- Blood-Oxygen Saturation
- Blood Pressure
- Other Applications
Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
