A rising number of product endorsements and launches is expected to drive the development of the global photoplethysmography (PPG) biosensors market during the forecast period. For instance, on February 04, 2021, Google Health announced a new wellness feature for its Google Fit mobile application that will use machine learning to provide users with heart rate and respiratory rate readings utilizing just their smartphone’s camera. As per Google Health, the two devices will be available for all Pixel devices and will be available for extra Android devices. The user focuses the camera on their fingertip for the heart rate feature. The device detects heartbeats utilizing photoplethysmography (PPG), a technique where minor changes in the optical shade of the blood correspond to volume changes.
Market players and non-benefit associations are focused on initiatives related to heart diseases, as would be considered normal to propel the development of the global photoplethysmography (PPG) biosensors market during the forecast period. For instance, on May 18, 2021, the American Heart Association, the world’s leading not-for-profit association dedicated to heart and cerebrum health, and Abbott Laboratories, a global healthcare organization, announced a new long-term initiative to reduce hypertension and persistent diseases in underrepresented Austin communities. The initiative was made possible by a generous monetary commitment from Abbott will uphold three federally qualified healthcare clinical systems (FQHCs) in central Texas, and provide educational resources, backing, and self-monitoring devices to high-take a chance with hypertensive and diabetic patients to help them manage their blood pressure, glucose levels, and health behaviors.
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Global Photoplethysmography (PPG) Biosensors market-Impact of Coronavirus (COVID – 19) Pandemic
The COVID-19 has impacted several markets across the world and is likewise expected to hamper the global photoplethysmography (PPG) biosensors market. The pandemic has impacted the demand and supply of healthcare items in three principal ways; by directly affecting the production and demand; by creating disturbances in distribution channels; and due to its monetary effect on firms and monetary markets.
However, the increasing use of pulse oximeters in the COVID-19 pandemic might help to drive the development of the global photoplethysmography (PPG) biosensors market. For instance, as indicated by an article published in the Chest diary in February 2021, a review was conducted by professors of the University of California San Diego who stated that monitoring pulse oximetry is basic in the management of aspiratory diseases, especially during pandemics or epidemics of respiratory viral infections, for example, COVID-19 and influenza. Photoplethysmography (PPG) equipped smartphones with sensors and applications have the potential to essentially improve remote monitoring due to their universality and the way that they don’t require patients to have extra expensive gadgets.
Key Takeaways of the Global Photoplethysmography (PPG) Biosensors Market:
- The global market is assessed to increase at a compound annual growth rate of 10.8%. North America is expected to represent a significant market share over the forecast period (2021-2028), attributable to rising acquisitions and agreement agreements inside the market players. For instance, on June 29, 2020, B-SECUR, a trailblazer in EKG/ECG technology, announced a coordinated effort with LifeQ, a leading provider of biometrics and health information derived from wearable devices based in Georgia, to develop superior heartbeat biometric and health monitoring capabilities for wearables. The agreement states that B-Secur’s Electrocardiogram (EKG/ECG) technology will be integrated with LifeQ’s optical PPG (photoplethysmography) technology to enable advanced identification, wellness, and health monitoring features in the next generation of everyday devices.
- Central players operating in the global photoplethysmography (PPG) biosensors market include Apple Inc., Fitbit, Inc., Texas Instruments Inc., LifeQ Inc., Murata Manufacturing Co. Ltd., Silicon Laboratories Inc., MediaTek Inc., Maxim Integrated, Valencell Inc., and MedNet GmbH.
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Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Photoplethysmography (PPG) Biosensors Market Size Analysis from 2022 to 2028
11.6 COVID-19 Outbreak: Photoplethysmography (PPG) Biosensors Industry Impact
Chapter 2 Global Photoplethysmography (PPG) Biosensors Competition by Types, Applications, and Top Regions and Countries
2.1 Global Photoplethysmography (PPG) Biosensors (Volume and Value) by Type
2.3 Global Photoplethysmography (PPG) Biosensors (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Photoplethysmography (PPG) Biosensors Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America Photoplethysmography (PPG) Biosensors Market Analysis
Chapter 6 East Asia Photoplethysmography (PPG) Biosensors Market Analysis
Chapter 7 Europe Photoplethysmography (PPG) Biosensors Market Analysis
Chapter 8 South Asia Photoplethysmography (PPG) Biosensors Market Analysis
Chapter 9 Southeast Asia Photoplethysmography (PPG) Biosensors Market Analysis
Chapter 10 Middle East Photoplethysmography (PPG) Biosensors Market Analysis
Chapter 11 Africa Photoplethysmography (PPG) Biosensors Market Analysis
Chapter 12 Oceania Photoplethysmography (PPG) Biosensors Market Analysis
Chapter 13 South America Photoplethysmography (PPG) Biosensors Market Analysis
Chapter 14 Company Profiles and Key Figures in Photoplethysmography (PPG) Biosensors Business
Chapter 15 Global Photoplethysmography (PPG) Biosensors Market Forecast (2022-2028)
Chapter 16 Conclusions
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