Global Photoplethysmography (PPG) Biosensor’s Market

Report ID : 1256 | Published : 2022-06-13 | Pages: | Format: PDF/EXCEL

The Global Photoplethysmography (PPG) Biosensor’s Market is estimated to reach over USD 1094.85 million by 2031, exhibiting a CAGR of 13.8% during the forecast period. 

PPG is a simple and practical optical measurement process used to track a person's heart rate. It's a non-invasive technique using a light source and a photodetector on the skin's surface to quantify volumetric fluctuations of blood circulation. The growing prevalence of cardiovascular disorders worldwide is boosting the market for PPG Biosensors. Many people worldwide suffer from some form of cardiovascular disease, which necessitates continuous monitoring of the patient's health. Furthermore, the expanding diabetes population and demand for smaller diagnostic devices will provide further chances for the PPG (photoplethysmography) biosensors market to expand in the future years. The strict laws and regulations enforced for biosensor testing in research facilities, on the other hand, may represent a further challenge to the PPG (photoplethysmography) biosensors market's growth soon. Additionally, various industry manufacturers are investing in developing PPG biosensors that can monitor a variety of other abnormalities in real-time and spare a client from multiple audits and checkups, which is expected to fuel the PPG's growth.

On the other hand, high research and development costs and extensive certification and approval processes are likely to hinder the market expansion. However, the high cost of Photoplethysmography (PPG) Biosensors, may limit the growth of the target market during the forecast period.

Market Segmentation:

The Photoplethysmography (PPG) Biosensors market is segmented based on product, distributional channel, and application. Based on product, the market is segmented as pulse oximeters, smartwatches, smart wrist bands, and other products. By application, the market is segmented into heart rate monitoring, blood-oxygen saturation, blood pressure, and other applications. Based on distributional channel, the market is segmented as Pharmacies, Electronic Stores, E-commerce, and Others.

Based on product, the smartwatches segment is accounted as a significant contributor in the Photoplethysmography (PPG) Biosensors market.  The smartwatches category is expected to hold a significant share in the global Photoplethysmography (PPG) Biosensors market in 2021. Consumers' wide adoption of smartwatches to monitor health issues based on daily activities has fueled the biosensors industry's sector expansion. Biosensors market companies' continuous technological advancements are accelerating the launch of new smartwatches, which is driving the biosensors segment's growth.

Blood oxygen-saturation segment witnessed growth at a rapid rate

The Blood oxygen-saturation segment is projected to grow at a rapid rate in the global Photoplethysmography (PPG) Biosensors market. PPG stands for photoplethysmography, an eye technique detecting blood flow fluctuations. The most common use of dual-wavelength PPG is a pulse monitor, which detects arterial oxygen saturation (SpO2). Measuring relative changes in hemoglobin levels using the same PPG wavelengths that are used to detect SpO2 and heart rates could be a highly helpful addition to PPG's market applications., especially in countries such as the US, Germany, UK, China, and India.

The North America Photoplethysmography (PPG) Biosensors market holds significant revenue share in the region.

The North America Photoplethysmography (PPG) Biosensors market is expected to register the highest market share in terms of revenue soon due to product launches and approvals and the rising incidence of cardiovascular diseases. Furthermore, the Asia Pacific region is likely to significantly expand the worldwide photoplethysmography (PPG) biosensors market throughout the forecast period because of product launches or approvals. Also, developing nations are adopting new technologies because of increased awareness and economic stability. The growing use of smartwatches in emerging countries and a few vendors' implementations of PPG technology in their wearable technologies will fuel market expansion for PPG biosensors.

Competitive Landscape

The key players in the Photoplethysmography (PPG) Biosensors market have shifted their focus towards initiating effective strategies such as mergers, acquisitions, and joint ventures of major and domestic players to enhance product portfolio and strengthen their market footprint across the globe. Some of the major key players in the Photoplethysmography (PPG) Biosensors market are Med Net GmbH, Valence Inc., Maxim Integrated, MediaTek Inc., Laboratories Inc., Ardo, Bedlike, BISTOS, Breed, CA-MI, Free mi, Hunker Essa vet Medical, Kawecki, La Diffusion Technique Françoise, Murata Manufacturing Co. Ltd., Life Inc., Texas Instruments Inc., Fitbit, Inc., and Apple Inc.

Chapter 1. Methodology and Scope

1.1. Research Methodology

1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Photoplethysmography (PPG) Biosensors Market Snapshot

Chapter 4. Global Photoplethysmography (PPG) Biosensors Market Variables, Trends & Scope

4.1. Market Segmentation & Scope

4.2. Drivers

4.3. Challenges

4.4. Trends

4.5. Investment and Funding Analysis

4.6. Industry Analysis – Porter’s Five Forces Analysis

4.7. Competitive Landscape & Market Share Analysis

4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: By Products Estimates & Trend Analysis

5.1. By Products & Market Share, 2020 & 2030

5.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2020 to 2030 for the following By Products:

5.2.1. Smart Watches

5.2.2. Pulse Oximeters

5.2.3. Smart Wrist Bands

5.2.4. Other Product Types

Chapter 6. Market Segmentation 2: By Distribution Channels Estimates & Trend Analysis

6.1. By Distribution Channels & Market Share, 2020& 2030

6.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2020 to 2030 for the following By Distribution Channels:

6.2.1. Pharmacies

6.2.2. Electronic Stores

6.2.3. E-commerce

6.2.4. Other Distribution Channels

Chapter 7. Market Segmentation 3: By Applications Estimates & Trend Analysis

7.1. By Applications & Market Share, 2020& 2030

7.2. Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2020 to 2030 for the following By Applications:

7.2.1. Heart Rate Monitoring

7.2.2. Blood-oxygen Saturation

7.2.3. Blood Pressure

7.2.4. Other Applications

Chapter 8. Photoplethysmography (PPG) Biosensors Market Segmentation 4: Regional Estimates & Trend Analysis

8.1. North America

8.1.1. North America Photoplethysmography (PPG) Biosensors Market revenue (US$ Million) estimates and forecasts By Products, 2020-2030

8.1.2. North America Photoplethysmography (PPG) Biosensors Market revenue (US$ Million) estimates and forecasts By Distribution Channels, 2020-2030

8.1.3. North America Photoplethysmography (PPG) Biosensors Market revenue (US$ Million) estimates and forecasts by Applications, 2020-2030

8.1.4. North America Photoplethysmography (PPG) Biosensors Market revenue (US$ Million) estimates and forecasts by country, 2020-2030

8.2. Europe

8.2.1. Europe Photoplethysmography (PPG) Biosensors Market revenue (US$ Million) By Products, 2020-2030

8.2.2. Europe Photoplethysmography (PPG) Biosensors Market revenue (US$ Million) By Distribution Channels, 2020-2030

8.2.3. Europe Photoplethysmography (PPG) Biosensors Market revenue (US$ Million) estimates and forecasts by Applications, 2020-2030

8.2.4. Europe Photoplethysmography (PPG) Biosensors Market revenue (US$ Million) by country, 2020-2030

8.3. Asia Pacific

8.3.1. Asia Pacific Photoplethysmography (PPG) Biosensors Market revenue (US$ Million) By Products, 2020-2030

8.3.2. Asia Pacific Photoplethysmography (PPG) Biosensors Market revenue (US$ Million) By Distribution Channels, 2020-2030

8.3.3. Asia Pacific Photoplethysmography (PPG) Biosensors Market revenue (US$ Million) estimates and forecasts by Applications, 2020-2030

8.3.4. Asia Pacific Photoplethysmography (PPG) Biosensors Market revenue (US$ Million) by country, 2020-2030

8.4. Latin America

8.4.1. Latin America Photoplethysmography (PPG) Biosensors Market revenue (US$ Million) By Products, 2020-2030

8.4.2. Latin America Photoplethysmography (PPG) Biosensors Market revenue (US$ Million) By Distribution Channels, 2020-2030

8.4.3. Latin America Photoplethysmography (PPG) Biosensors Market revenue (US$ Million) estimates and forecasts by Applications, 2020-2030

8.4.4. Latin America Photoplethysmography (PPG) Biosensors Market revenue (US$ Million) by country, 2020-2030

8.5. Middle East & Africa

8.5.1. Middle East & Africa Photoplethysmography (PPG) Biosensors Market revenue (US$ Million) By Products, 2020-2030

8.5.2. Middle East & Africa Photoplethysmography (PPG) Biosensors Market revenue (US$ Million) By Distribution Channels, 2020-2030

8.5.3. Middle East & Africa Photoplethysmography (PPG) Biosensors Market revenue (US$ Million) estimates and forecasts by Applications, 2020-2030

8.5.4. Middle East & Africa Photoplethysmography (PPG) Biosensors Market revenue (US$ Million) by country, 2020-2030

Chapter 9. Competitive Landscape

9.1. Major Mergers and Acquisitions/Strategic Alliances

9.2. Company Profiles

9.2.1. MedNet GmbH

9.2.2. Valencell Inc.

9.2.3. Maxim Integrated

9.2.4. MediaTek Inc.

9.2.5. Silicon Laboratories Inc.

9.2.6. Murata Manufacturing Co. Ltd.

9.2.7. LifeQ Inc.

9.2.8. Texas Instruments Inc.

9.2.9. Fitbit, Inc.

9.2.10. Apple Inc.

9.2.11. Other Prominent Players

Segmentation of Photoplethysmography (PPG) Biosensors Market-

By Products

  • Smart Watches
  • Pulse Oximeters
  • Smart Wrist Bands
  • Other Product Types

By Distribution Channels

  • Pharmacies
  • Electronic Stores
  • E-commerce
  • Other Distribution Channels

By Applications

  • Heart Rate Monitoring
  • Blood-oxygen Saturation
  • Blood Pressure
  • Other Applications"

By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa

Rest of Middle East and Africa

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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