The market size of the Global Photoplethysmography (PPG) Biosensors Market in the year 2019 is valued at 353.26 million and is predicted to reach 1094.85 million by the year 2030 at an 13.8% CAGR during the forecast period.
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The optical technique of photoplethysmography (PPG) is used to detect volumetric changes in blood in the peripheral circulation. It’s a low-cost, non-invasive technology for obtaining measurements on the skin’s surface. Over the forecast period, the global photoplethysmography (PPG) biosensors market is likely to benefit from an increase in the number of clinical studies of pulse oximeters. The global photoplethysmography (PPG) biosensors market is predicted to develop in response to the rising prevalence of cardiovascular illnesses. The availability of low-cost, tiny semiconductor components, as well as advancements in computer-based pulse wave analysis tools, have generated growing interest in the PPG technology.
List of Prominent Players in the Photoplethysmography (PPG) Biosensors Market:
Coinlike Philips N.V.
May born Group Ltd.
Linc Baby Merchandise Works Co., Ltd.
Hunker Essa vet Medical
La Diffusion Technique Françoise
Mudpack Swiss Group
Chiara Technology Ltd.
Wuxi Xinzhuang Baby Supplies
The availability of low-cost, small semiconductor components, as well as advances in computer-based pulse wave analysis tools, have stimulated increased interest in PPG technology. PPG measures blood pressure, oxygen saturation, and cardiac output using a succession of waves and peak detection. As a result of the increased number of cardiovascular diseases, demand for PPG biosensors is expected to rise, resulting in significant market growth over the forecast period.
The prime challenge is lack of awareness in developing countries, predicted to reduce growth of the Photoplethysmography (PPG) Biosensor’s market. On the other hand, market expansion is likely to be hampered by costly research and development costs, as well as long certification and approval procedures. In the forecast period of 2022-2029, the biosensors market is expected to be challenged by reluctance to adopt new treatment techniques as well as pricing pressure in POC.
The North America Photoplethysmography (PPG) Biosensor’s market holds major market share due to advanced healthcare infrastructure along with rising prevalence cardiovascular disease. Furthermore, the Asia Pacific region is likely to have significant expansion in the worldwide photoplethysmography (PPG) biosensors market throughout the forecast period because of product launches or approvals. In addition, the presence of important market players and the rising collaboration among significant companies for market penetration in the area present an opportunity for the worldwide Photoplethysmography (PPG) Biosensor market to expand.
- On February 9, 2021, Medtronic plc. released the results of an independent, prospective observational study comparing the efficacy and reliability of two pulse oximeters – the Bedside SpO2 Patient Monitoring System and the Masimo Radical-7 Pulse CO-Oximeter, both set to the highest sensitivity – with electrocardiography (ECG) monitoring after the Caesarean section delivery of 60 newborns.
- On July 13, 2020, Mattoon Biomed, founded by Jining Dham, a Biomedical Research Engineer, launched Oxysalt, a purely Indian-made pulse oximeter with an 18-month replacement warranty, at an affordable price. Unlike others, the company offered quality assurance because it owns the procurement, manufacturing, and distribution.
Segmentation of Photoplethysmography (PPG) Biosensors Market-
- Smart Watches
- Pulse Oximeters
- Smart Wrist Bands
- Other Product Types
By Distribution Channels
- Electronic Stores
- Other Distribution Channels
- Heart Rate Monitoring
- Blood-oxygen Saturation
- Blood Pressure
- Other Applications”
- The US
- The UK
- Rest of Europe
- South Korea
- South East Asia
- Rest of Asia Pacific
- Rest of Latin America
Middle East & Africa-
- GCC Countries
- South Africa
- Rest of Middle East and Africa
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