- March 12, 2021
- Category: Electronics, Next Generation Electronics
Global PPG Biosensors Market Size study, By Product (Pulse Oximeters, Smart Watches and Smart Wrist Bands), by Application (Heart Rate Monitoring, Blood-oxygen Saturation and Blood Pressure) and Regional Forecasts 2021-2027
Chapter 1. Executive Summary 1.1. Market Snapshot 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion) 1.2.1. PPG Biosensors Market, by Product, 2019-2027 (USD Billion) 1.2.2. PPG Biosensors Market, by Application, 2019-2027 (USD Billion) 1.3. Key Trends 1.4. Estimation Methodology 1.5. Research Assumption Chapter 2. Global PPG Biosensors Market Definition and Scope 2.1. Objective of the Study 2.2. Market Definition & Scope 2.2.1. Scope of the Study 2.2.2. Industry Evolution 2.3. Years Considered for the Study 2.4. Currency Conversion Rates Chapter 3. Global PPG Biosensors Market Dynamics 3.1. PPG Biosensors Market Impact Analysis (2019-2027) 3.1.1. Market Drivers 126.96.36.199. Flexibility and ease of PPG biosensor-enabled device 188.8.131.52. Increasing awareness for early detection of diseases 3.1.2. Market Challenges 184.108.40.206. High cost as compared to ECG alternative 3.1.3. Market Opportunities 220.127.116.11. Increasing innovation in new PPG technologies Chapter 4. Global PPG Biosensors Market Industry Analysis 4.1. Porter’s 5 Force Model 4.1.1. Bargaining Power of Suppliers 4.1.2. Bargaining Power of Buyers 4.1.3. Threat of New Entrants 4.1.4. Threat of Substitutes 4.1.5. Competitive Rivalry 4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027) 4.2. PEST Analysis 4.2.1. Political 4.2.2. Economical 4.2.3. Social 4.2.4. Technological 4.3. Investment Adoption Model 4.4. Analyst Recommendation & Conclusion Chapter 5. Global PPG Biosensors Market, by Product 5.1. Market Snapshot 5.2. Global PPG Biosensors Market by Product, Performance - Potential Analysis 5.3. Global PPG Biosensors Market Estimates & Forecasts by Product 2018-2027 (USD Billion) 5.4. PPG Biosensors Market, Sub Segment Analysis 5.4.1. Pulse oximeters 5.4.2. Smart watches 5.4.3. Smart Wrist bands 5.4.4. Other Products Chapter 6. Global PPG Biosensors Market, by Application 6.1. Market Snapshot 6.2. Global PPG Biosensors Market by Application, Performance - Potential Analysis 6.3. Global PPG Biosensors Market Estimates & Forecasts by Application 2018-2027 (USD Billion) 6.4. PPG Biosensors Market, Sub Segment Analysis 6.4.1. Heart rate monitoring 6.4.2. Blood-oxygen saturation 6.4.3. Blood pressure 6.4.4. Other applications Chapter 7. Global PPG Biosensors Market, Regional Analysis 7.1. PPG Biosensors Market, Regional Market Snapshot 7.2. North America PPG Biosensors Market 7.2.1. U.S. PPG Biosensors Market 18.104.22.168. Product breakdown estimates & forecasts, 2018-2027 22.214.171.124. Application breakdown estimates & forecasts, 2018-2027 7.2.2. Canada PPG Biosensors Market 7.3. Europe PPG Biosensors Market Snapshot 7.3.1. U.K. PPG Biosensors Market 7.3.2. Germany PPG Biosensors Market 7.3.3. France PPG Biosensors Market 7.3.4. Spain PPG Biosensors Market 7.3.5. Italy PPG Biosensors Market 7.3.6. Rest of Europe PPG Biosensors Market 7.4. Asia-Pacific PPG Biosensors Market Snapshot 7.4.1. China PPG Biosensors Market 7.4.2. India PPG Biosensors Market 7.4.3. Japan PPG Biosensors Market 7.4.4. Australia PPG Biosensors Market 7.4.5. South Korea PPG Biosensors Market 7.4.6. Rest of Asia Pacific PPG Biosensors Market 7.5. Latin America PPG Biosensors Market Snapshot 7.5.1. Brazil PPG Biosensors Market 7.5.2. Mexico PPG Biosensors Market 7.6. Rest of The World PPG Biosensors Market Chapter 8. Competitive Intelligence 8.1. Top Market Strategies 8.2. Company Profiles 8.2.1. Valencell. Inc. 126.96.36.199. Key Information 188.8.131.52. Overview 184.108.40.206. Financial (Subject to Data Availability) 220.127.116.11. Product Summary 18.104.22.168. Recent Developments 8.2.2. Maxim Integrated 8.2.3. Murata Manufacturing Co., Ltd. 8.2.4. Silicon Laboratories 8.2.5. Mediatek 8.2.6. ams AG 8.2.7. LifeQ Inc. 8.2.8. Medtronic 8.2.9. Roche 8.2.10. Abbott Chapter 9. Research Process 9.1. Research Process 9.1.1. Data Mining 9.1.2. Analysis 9.1.3. Market Estimation 9.1.4. Validation 9.1.5. Publishing 9.2. Research Attributes 9.3. Research Assumption
Global PPG Biosensors Market is valued approximately USD 331 million in 2020 and is anticipated to grow with a healthy growth rate of more than 11.78% over the forecast period 2021-2027. Photoplethysmography (PPG) Biosensors refer to devices such as wearables watches and other fitness trackers that use an easy optical technique to detect volumetric changes in blood in peripheral circulation using sensor technology. These devices help in early recognition and analysis of illness including cardiovascular diseases. They became important in the COVID-19 pandemic for monitoring oxygen rate of people. These devices provide real-time data and analysis, and thus are gaining traction among millennials too. Above mentioned advantages, coupled with the ease and flexibility of use provided by these biosensors, are driving the PPG Biosensors market. The smart wearable market is growing rapidly and is bound to propel the growth of PPG biosensors market too. According to Statista, the number of connected wearable devices has doubled to 722 million in 2019, increasing from 325 million in 2016. Many companies are innovating in the wearable HealthTech sector. Nemaura Medical, a medical technology company, entered into multiple verbal non-binding agreements in 2021 for its PPG sensor using product sugarBEAT®, which continuously monitors sugar. Such collaborations in the field will help in the growth of PPG biosensors. The high cost associated with the PPG biosensors as compared to ECG sensors may act as a restraint for its growth. However, increasing innovation, research and development of PPG technologies acts as an opportunity for PPG Biosensors Market in subsequent decade.
Key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World are analysed to provide a holistic picture of PPG Biosensors Market. Due to higher investments in PPG biosensors technology as well as higher per capita income, North America emerged as a significant region across the world in terms of market share. Whereas, Asia-Pacific is expected to exhibit highest growth rate for the forecast period 2021-2027 owing to the growing smart wearable market. Rising disposable income and growing awareness for health and hygiene will also boost growth in this region.
Major market player included in this report are:
Murata Manufacturing Co., Ltd.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Smart Wrist bands
Heart rate monitoring
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027
Target Audience of the Global PPG Biosensors Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers