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PPG Biosensors Market Size, Share & Trends Analysis Report By Application (Heart Rate Monitoring, Blood-oxygen Saturation), By Product (Pulse Oximeters, Smart Watches), By Region, And Segment Forecasts, 2023-2030

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  • 60 Pages
  • June 2023
  • Region: Global
  • Grand View Research
  • ID: 5415520
Description Jump to:
The global PPG biosensors market size is expected to reach USD 966.18 million by 2030, according to this report. The market is expected to expand at a CAGR of 11.6% from 2023 to 2030. An increasing number of cardiovascular disorders, the impact of COVID-19, the surge in adoption of smart wearables, and technological advancements are the key driving factors for the market.

The increasing incidence of cardiovascular diseases across the globe is anticipated to drive the market. For instance, according to the American Heart Association, almost 17.0 million people die each year as a result of cardiac abnormalities, and this figure is expected to rise to 23 million by 2030. PPG typically measures blood pressure, oxygen saturation, and cardiac output through a series of waves and peak detection. Thus, the rising number of CVDs is expected to boost the demand for PPG biosensors, which is expected to lead to considerable market growth over the forecast period.

The increasing adoption of wearable healthcare devices in developing economies is expected to drive the market. Fit bits, pulse oximeters, smartwatches, and other wearable healthcare systems are incorporated with optical sensors to provide real-time patient health tracking solutions. For instance, the Realme watch comes with wide-ranging health functions comprising of blood-oxygen-level (SpO2) and top-level PPG heart rate sensors. Several smartwatches with inbuilt PPG sensors from Apple, Moto G, Realme will be launching in later 2021. In Oct 2020, Mobvoi launched its new TicWatch Pro 3 smartwatch in India that consists of a PPG sensor. Moreover, smart rings are relatively new, however, Oura Ring facilitated with Infrared Photoplethysmography Sensors (PPG) for heart rate and respiration, is booming in the market. These sensors have many advantages, including high precision, small scale, and no sensitivity to electromagnetic radiation, which makes them suitable for use in medical-grade wearable devices.

PPG Biosensors Market Report Highlights

  • In terms of revenue, the smartwatches segment held the largest revenue share in 2022. The rising adoption of smartwatches across the globe is the major factor propelling the segment growth
  • The heart rate monitoring segment held the largest revenue share in 2022 and is expected to witness the fastest growth over the forecast period due to the increasing number of cardiovascular disorders
  • In Asia Pacific, the market is expected to witness the fastest growth rate over the forecast period owing to the rising prevalence of cardiovascular disorders


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Table of Contents

Chapter 1 Research Methodology
1.1 Research Methodology
1.1.1 Information procurement
1.2 Information or Data Analysis
1.3 Market Formulation & Validation
1.4 Region Wise Market Calculation
1.4.1 Region Wise Market: Base Estimates
1.4.2 Global Market: CAGR Calculation
1.5 Region Based Segment Share Calculation
1.6 Model Details
1.6.1 Commodity Flow Analysis (Model 1)
1.6.2 Volume price analysis (Model 2)
1.7 List of Secondary Sources
Chapter 2 Objectives
2.1 Objective - 1
2.2 Objective - 2
2.3 Objective - 3
2.4 Objective - 4
Chapter 3 Executive Summary
3.1 Market Outlook
3.2 Segment Outlook
3.3 Competitive Insights
3.3.1 Market Segmentation
3.4 Market Snapshot
Chapter 4 PPG Biosensors Market Variables, Trends & Scope
4.1 Market Lineage Outlook
4.1.1 Parent market outlook
4.1.2 Ancillary Market
4.2 Penetration & Growth Prospect Mapping
4.3 Regulatory Framework
4.4 Market Dynamics
4.4.1 Market driver analysis
4.4.1.1 Global increase in prevalence of cardiovascular diseases
4.4.1.2 Increasing demand for smart wearables incorporated wih PPG biosensors
4.4.1.3 Rising awareness regarding health monitoring
4.4.2 Market restraint analysis
4.4.2.1 High cost
4.4.2.2 Several disadvanategs ovre ECG sensors
4.5 PPG Biosensors Market Analysis Tools
4.5.1 SWOT Analysis, by PEST
4.5.2 Porter’s five forces analysis
4.6 Major Deals & Strategic Alliances Analysis
4.6.1 Geographical expansion
4.6.2 Product launches
4.7 COVID-19 Market Impact
4.7.1 Supply chain
4.7.2 Changing market trends
4.8 Market Entry Strategies
4.8.1 Tapping unmet needs
Chapter 5 PPG Biosensors Market: Segment Analysis, By Product, 2018 - 2030 (USD Million)
5.1 Definitions & Scope
5.2 Product Market Share Analysis, 2022 & 2030
5.3 PPG Biosensors Market, by Product, 2018 to 2030
5.4 Market Size Forecasts and Trend Analysis
5.4.1 Pulse Oximeters
5.4.1.1 Pulse oximeters market, 2018 - 2030 (USD Million)
5.4.2 Smart Watches
5.4.2.1 Smart watches market, 2018 - 2030 (USD Million)
5.4.3 Smart Wrist Bands
5.4.3.1 Smart wrist bands market, 2018 - 2030 (USD Million)
5.4.4 Other Products
5.4.4.1 Other products market, 2018 - 2030 (USD Million)
Chapter 6 PPG Biosensors Market: Segment Analysis, By Application, 2018 - 2030 (USD Million)
6.1 Definitions & Scope
6.2 Application Market Share Analysis, 2022 & 2030
6.3 PPG Biosensors Market, by Application, 2018 to 2030
6.4 Market Size Forecasts and Trend Analysis
6.4.1 Heart Rate Monitoring
6.4.1.1 Heart rate monitoring market, 2018 - 2030 (USD Million)
6.4.2 Blood-oxygen Saturation
6.4.2.1 Blood-oxygen saturation market, 2018 - 2030 (USD Million)
6.4.3 Blood Pressure
6.4.3.1 Blood pressure market, 2018 - 2030 (USD Million)
6.4.4 Other Applications
6.4.4.1 Other applications market, 2018 - 2030 (USD Million)
Chapter 7 PPG Biosensors Market: Regional Market Analysis, By Product, and Application, 2018 - 2030 (USD Million)
7.1 Definitions & Scope
7.2 Regional Market Share Analysis, 2022 & 2030
7.3 Regional Market Snapshot
7.4 Market Size Forecasts & Trend Analysis
7.4.1 North America
7.4.1.1 North America PPG biosensors market, 2018 - 2030 (USD Million)
7.4.1.2 U.S.
7.4.1.2.1 U.S. PPG biosensors market, 2018 - 2030 (USD Million)
7.4.1.3 Canada
7.4.1.3.1 Canada PPG biosensors market, 2018 - 2030 (USD Million)
7.4.2 Europe
7.4.2.1 Europe PPG biosensors market, 2018 - 2030 (USD Million)
7.4.2.2 UK
7.4.2.2.1 UK PPG biosensors market, 2018 - 2030 (USD Million)
7.4.2.3 Germany
7.4.2.3.1 Germany PPG biosensors market, 2018 - 2030 (USD Million)
7.4.2.4 France
7.4.2.4.1 France PPG biosensors market, 2018 - 2030 (USD Million)
7.4.2.5 Spain
7.4.2.5.1 Spain PPG biosensors market, 2018 - 2030 (USD Million)
7.4.2.6 Italy
7.4.2.6.1 Italy PPG biosensors market, 2018 - 2030 (USD Million)
7.4.2.7 Sweden
7.4.2.7.1 Sweden PPG biosensors market, 2018 - 2030 (USD Million)
7.4.2.8 Denmark
7.4.2.8.1 Denmark PPG biosensors market, 2018 - 2030 (USD Million)
7.4.2.9 Norway
7.4.2.9.1 Norway PPG biosensors market, 2018 - 2030 (USD Million)
7.4.3 Asia Pacific
7.4.3.1 Asia Pacific PPG biosensors market, 2018 - 2030 (USD Million)
7.4.3.2 Japan
7.4.3.2.1 Japan PPG biosensors market, 2018 - 2030 (USD Million)
7.4.3.3 China
7.4.3.3.1 China PPG biosensors market, 2018 - 2030 (USD Million)
7.4.3.4 India
7.4.3.4.1 India PPG biosensors market, 2018 - 2030 (USD Million)
7.4.3.5 Thailand
7.4.3.5.1 Thailand PPG biosensors market, 2018 - 2030 (USD Million)
7.4.3.6 Australia
7.4.3.6.1 Australia PPG biosensors market, 2018 - 2030 (USD Million)
7.4.3.7 South Korea
7.4.3.7.1 South Korea PPG biosensors market, 2018 - 2030 (USD Million)
7.4.4 Latin America
7.4.4.1 Latin America PPG biosensors market, 2018 - 2030 (USD Million)
7.4.4.2 Brazil
7.4.4.2.1 Brazil PPG biosensors market, 2018 - 2030 (USD Million)
7.4.4.3 Mexico
7.4.4.3.1 Mexico PPG biosensors market, 2018 - 2030 (USD Million)
7.4.4.4 Argentina
7.4.4.4.1 Argentina PPG biosensors market, 2018 - 2030 (USD Million)
7.4.5 Middle East & Africa
7.4.5.1 Middle East & Africa PPG biosensors market, 2018 - 2030 (USD Million)
7.4.5.2 South Africa
7.4.5.2.1 South Africa PPG biosensors market, 2018 - 2030 (USD Million)
7.4.5.3 Saudi Arabia
7.4.5.3.1 Saudi Arabia PPG biosensors market, 2018 - 2030 (USD Million)
7.4.5.4 UAE
7.4.5.4.1 UAE PPG biosensors market, 2018 - 2030 (USD Million)
7.4.5.5 Kuwait
7.4.5.5.1 Kuwait PPG biosensors market, 2018 - 2030 (USD Million)
Chapter 8 PPG Biosensors Market: Competitive Analysis
8.1 Company Profiles
8.1.1 Valencell. Inc.
8.1.1.1 Company overview
8.1.1.2 Financial performance
8.1.1.3 Product benchmarking
8.1.1.4 Strategic initiatives
8.1.2 Maxim Integrated
8.1.2.1 Company overview
8.1.2.2 Financial performance
8.1.2.3 Product benchmarking
8.1.2.4 Strategic initiatives
8.1.3 Murata Manufacturing Co., Ltd.
8.1.3.1 Company overview
8.1.3.2 Financial performance
8.1.3.3 Product benchmarking
8.1.3.4 Strategic initiatives
8.1.4 Silicon Laboratories
8.1.4.1 Company overview
8.1.4.2 Financial performance
8.1.4.3 Product benchmarking
8.1.4.4 Strategic initiatives
8.1.5 Mediatek
8.1.5.1 Company overview
8.1.5.2 Financial performance
8.1.5.3 Product benchmarking
8.1.5.4 Strategic initiatives
8.1.6 ams AG
8.1.6.1 Company overview
8.1.6.2 Financial performance
8.1.6.3 Product benchmarking
8.1.6.4 Strategic initiatives
List of Tables
Table 1: List of secondary Products
Table 2: List of abbreviations
Table 3: Global PPG Biosensors market by Application, 2018-2030 (USD Million)
Table 4: Global PPG Biosensors market by Product, 2018-2030 (USD Million)
Table 5: North America PPG Biosensors market by Application, 2018-2030 (USD Million)
Table 6: North America PPG Biosensors market by Product, 2018-2030 (USD Million)
Table 7: North America PPG Biosensors market by Country, 2018-2030 (USD Million)
Table 8: U.S. PPG Biosensors market by Application, 2018-2030 (USD Million)
Table 9: U.S. PPG Biosensors market by Product, 2018-2030 (USD Million)
Table 10: Canada PPG Biosensors market by Application, 2018-2030 (USD Million)
Table 11: Canada PPG Biosensors market by Product, 2018-2030 (USD Million)
Table 12: Europe PPG Biosensors market by Application, 2018-2030 (USD Million)
Table 13: Europe PPG Biosensors market by Product, 2018-2030 (USD Million)
Table 14: Europe PPG Biosensors market by Country, 2018-2030 (USD Million)
Table 15: UK PPG Biosensors market by Application, 2018-2030 (USD Million)
Table 16: UK PPG Biosensors market by Product, 2018-2030 (USD Million)
Table 17: Germany PPG Biosensors market by Application, 2018-2030 (USD Million)
Table 18: Germany PPG Biosensors market by Product, 2018-2030 (USD Million)
Table 19: France PPG Biosensors market by Application, 2018-2030 (USD Million)
Table 20: France PPG Biosensors market by Product, 2018-2030 (USD Million)
Table 21: Italy PPG Biosensors market by Application, 2018-2030 (USD Million)
Table 22: Italy PPG Biosensors market by Product, 2018-2030 (USD Million)
Table 23: Spain PPG Biosensors market by Application, 2018-2030 (USD Million)
Table 24: Spain PPG Biosensors market by Product, 2018-2030 (USD Million)
Table 25: Denmark PPG Biosensors market by Application, 2018-2030 (USD Million)
Table 26: Denmark PPG Biosensors market by Product, 2018-2030 (USD Million)
Table 27: Sweden PPG Biosensors market by Application, 2018-2030 (USD Million)
Table 28: Sweden PPG Biosensors market by Product, 2018-2030 (USD Million)
Table 29: Norway PPG Biosensors market by Application, 2018-2030 (USD Million)
Table 30: Norway PPG Biosensors market by Product, 2018-2030 (USD Million)
Table 31: Asia Pacific PPG Biosensors market by Application, 2018-2030 (USD Million)
Table 32: Asia Pacific PPG Biosensors market by Product, 2018-2030 (USD Million)
Table 33: Asia Pacific PPG Biosensors market by Country, 2018-2030 (USD Million)
Table 34: China PPG Biosensors market by Application, 2018-2030 (USD Million)
Table 35: China PPG Biosensors market by Product, 2018-2030 (USD Million)
Table 36: Japan PPG Biosensors market by Application, 2018-2030 (USD Million)
Table 37: Japan PPG Biosensors market by Product, 2018-2030 (USD Million)
Table 38: India PPG Biosensors market by Application, 2018-2030 (USD Million)
Table 39: India PPG Biosensors market by Product, 2018-2030 (USD Million)
Table 40: Australia PPG Biosensors market by Application, 2018-2030 (USD Million)
Table 41: Australia PPG Biosensors market by Product, 2018-2030 (USD Million)
Table 42: Thailand PPG Biosensors market by Application, 2018-2030 (USD Million)
Table 43: Thailand PPG Biosensors market by Product, 2018-2030 (USD Million)
Table 44: South Korea PPG Biosensors market by Application, 2018-2030 (USD Million)
Table 45: South Korea PPG Biosensors market by Product, 2018-2030 (USD Million)
Table 46: Latin America PPG Biosensors market by Application, 2018-2030 (USD Million)
Table 47: Latin America PPG Biosensors market by Product, 2018-2030 (USD Million)
Table 48: Latin America PPG Biosensors market by Country, 2018-2030 (USD Million)
Table 49: Brazil PPG Biosensors market by Application, 2018-2030 (USD Million)
Table 50: Brazil PPG Biosensors market by Product, 2018-2030 (USD Million)
Table 51: Mexico PPG Biosensors market by Application, 2018-2030 (USD Million)
Table 52: Mexico PPG Biosensors market by Product, 2018-2030 (USD Million)
Table 53: Argentina PPG Biosensors market by Application, 2018-2030 (USD Million)
Table 54: Argentina PPG Biosensors market by Product, 2018-2030 (USD Million)
Table 55: Middle East & Africa PPG Biosensors market by Application, 2018-2030 (USD Million)
Table 56: Middle East & Africa PPG Biosensors market by Product, 2018-2030 (USD Million)
Table 57: Middle East & Africa PPG Biosensors market by Country, 2018-2030 (USD Million)
Table 58: South Africa PPG Biosensors market by Application, 2018-2030 (USD Million)
Table 59: South Africa PPG Biosensors market by Product, 2018-2030 (USD Million)
Table 60: Saudi Arabia PPG Biosensors market by Application, 2018-2030 (USD Million)
Table 61: Saudi Arabia PPG Biosensors market by Product, 2018-2030 (USD Million)
Table 62: UAE PPG Biosensors market by Application, 2018-2030 (USD Million)
Table 63: UAE PPG Biosensors market by Product, 2018-2030 (USD Million)
Table 64: Kuwait PPG Biosensors market by Application, 2018-2030 (USD Million)
Table 65: Kuwait PPG Biosensors market by Product, 2018-2030 (USD Million)
Table 66: Participant’s overview
Table 67: Financial performance
Table 68: Key companies undergoing expansions
Table 69: Key companies undergoing acquisitions
Table 70: Key companies undergoing collaborations
Table 71: Key companies launching new products/services
Table 72: Key companies undergoing partnerships
Table 73: Key companies undertaking other strategies
List of Figures
Figure 1. Market research process
Figure 2. Data triangulation techniques
Figure 3. Primary research pattern
Figure 4. Market research approaches
Figure 5. Value-chain-based sizing & forecasting
Figure 6. Market formulation & validation
Figure 7. Market summary, 2022 (USD Million)
Figure 8. Market segmentation & scope
Figure 9. Market driver impact
Figure 10. Market restraint impact
Figure 11. Porter’s analysis
Figure 12. SWOT analysis
Figure 13. PPG Biosensors market: Product outlook and key takeaways
Figure 14. PPG Biosensors market: Product movement analysis
Figure 15. Global Pulse Oximeters market, 2018-2030 (USD Million)
Figure 16. Global Smart Watches market, 2018-2030 (USD Million)
Figure 17. Global Wrist Bands market, 2018-2030 (USD Million)
Figure 18. Global Others market, 2018-2030 (USD Million)
Figure 19. PPG Biosensors market: Application outlook and key takeaways
Figure 20. PPG Biosensors market: Application movement analysis
Figure 21. Global Heart Rate Monitoring market, 2018-2030 (USD Million)
Figure 22. Global Blood-oxygen Saturation market, 2018-2030 (USD Million)
Figure 23. Global Blood Pressure market, 2018-2030 (USD Million)
Figure 24. Global others market, 2018-2030 (USD Million)
Figure 25. PPG Biosensors market: Regional outlook and key takeaways
Figure 26. North America PPG Biosensors market, 2018-2030 (USD Million)
Figure 27. U.S. key country dynamics
Figure 28. U.S. PPG Biosensors market, 2018-2030 (USD Million)
Figure 29. Canada key country dynamics
Figure 30. Canada PPG Biosensors market, 2018-2030 (USD Million)
Figure 31. Europe PPG Biosensors market estimates and forecast, 2018-2030 (USD Million)
Figure 32. Germany key country dynamics
Figure 33. Germany PPG Biosensors market estimates and forecast, 2018-2030 (USD Million)
Figure 34. France key country dynamics
Figure 35. France PPG Biosensors market estimates and forecast, 2018-2030 (USD Million)
Figure 36. UK key country dynamics
Figure 37. UK PPG Biosensors market estimates and forecast, 2018-2030 (USD Million)
Figure 38. Italy key country dynamics
Figure 39. Italy PPG Biosensors market estimates and forecast, 2018-2030 (USD Million)
Figure 40. Spain key country dynamics
Figure 41. Spain PPG Biosensors market estimates and forecast, 2018-2030 (USD Million)
Figure 42. Denmark key country dynamics
Figure 43. Denmark PPG Biosensors market estimates and forecast, 2018-2030 (USD Million)
Figure 44. Sweden key country dynamics
Figure 45. Sweden PPG Biosensors market estimates and forecast, 2018-2030 (USD Million)
Figure 46. Norway key country dynamics
Figure 47. Norway PPG Biosensors market estimates and forecast, 2018-2030 (USD Million)
Figure 48. Rest of Europe key country dynamics
Figure 49. Rest of Europe PPG Biosensors market estimates and forecast, 2018-2030 (USD Million)
Figure 50. Asia-Pacific PPG Biosensors market estimates and forecast, 2018-2030 (USD Million)
Figure 51. China key country dynamics
Figure 52. China PPG Biosensors market estimates and forecast, 2018-2030 (USD Million)
Figure 53. India key country dynamics
Figure 54. India PPG Biosensors market estimates and forecast, 2018-2030 (USD Million)
Figure 55. South Korea key country dynamics
Figure 56. South Korea PPG Biosensors market estimates and forecast, 2018-2030 (USD Million)
Figure 57. Japan key country dynamics
Figure 58. Japan PPG Biosensors market estimates and forecast, 2018-2030 (USD Million)
Figure 59. Australia key country dynamics
Figure 60. Australia PPG Biosensors market estimates and forecast, 2018-2030 (USD Million)
Figure 61. Thailand key country dynamics
Figure 62. Thailand PPG Biosensors market estimates and forecast, 2018-2030 (USD Million)
Figure 63. Rest of APAC key country dynamics
Figure 64. Rest of APAC PPG Biosensors market estimates and forecast, 2018-2030 (USD Million)
Figure 65. Latin America PPG Biosensors market estimates and forecast, 2018-2030 (USD Million)
Figure 66. Brazil key country dynamics
Figure 67. Brazil PPG Biosensors market estimates and forecast, 2018-2030 (USD Million)
Figure 68. Mexico key country dynamics
Figure 69. Mexico PPG Biosensors market estimates and forecast, 2018-2030 (USD Million)
Figure 70. Argentina key country dynamics
Figure 71. Argentina PPG Biosensors market estimates and forecast, 2018-2030 (USD Million)
Figure 72. Rest of LATAM key country dynamics
Figure 73. Rest of LATAM PPG Biosensors market estimates and forecast, 2018-2030 (USD Million)
Figure 74. MEA PPG Biosensors market estimates and forecast, 2018-2030 (USD Million)
Figure 75. South Africa key country dynamics
Figure 76. South Africa PPG Biosensors market estimates and forecast, 2018-2030 (USD Million)
Figure 77. Saudi Arabia key country dynamics
Figure 78. Saudi Arabia PPG Biosensors market estimates and forecast, 2018-2030 (USD Million)
Figure 79. UAE key country dynamics
Figure 80. UAE PPG Biosensors market estimates and forecast, 2018-2030 (USD Million)
Figure 81. Kuwait key country dynamics
Figure 82. Kuwait PPG Biosensors market estimates and forecast, 2018-2030 (USD Million)
Figure 83. Rest of MEA key country dynamics
Figure 84. Rest of MEA PPG Biosensors market estimates and forecast, 2018-2030 (USD Million)
Figure 85. Heat map analysis
Figure 86. Market participant categorization
Figure 87. PPG Biosensors market share analysis, 2022
Figure 88. Strategy framework

Companies Mentioned

  • Valencell. Inc.
  • Maxim Integrated
  • Murata Manufacturing Co., Ltd.
  • Silicon Laboratories
  • Mediatek
  • ams AG

Methodology

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Table Information

Report AttributeDetails
No. of Pages60
PublishedJune 2023
Forecast Period2022 - 2030
Estimated Market Value ( USD ) in 2022 $ 416.8 Million
Forecasted Market Value ( USD ) by 2030 $ 966.18 Million
Compound Annual Growth Rate11.6%
Regions CoveredGlobal
No. of Companies Mentioned6

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