According to a new report Global PPG Biosensors Market, published by KBV research, The Global PPG Biosensors Market size is expected to reach $759.3 Million by 2027, rising at a market growth of 12.2% CAGR during the forecast period.
The pulse oximeters segment is projected to grow at the fastest CAGR in the PPG biosensors market during the forecast period. The main application of the dual-wavelength PPG is in the pulse oximeter that measures arterial Oxygen Saturation (SpO2) easily. There is increasing adoption of smart, medical-grade pulse oximeters, however new markets for reduced cost, commoditized products would surge in the coming years.
Based on Applications, the heart rate monitoring segment procured the largest revenue share in the PPG biosensors market in 2020 and is estimated to exhibit a substantial growth rate during the forecast period. Smart wearables that help in monitoring heart rate are using the PPG technology. Cardiovascular Disease (CVD) is one of the major causes of death across the globe and patients who are suffering from CVD need regular monitoring.
The North America market dominated the Global PPG Biosensors Market by Region in 2020. Asia Pacific region is projected to showcase the fastest growth rate in the market during the forecast period. Several developing nations like Japan, Australia, China, Singapore, and India are witnessing a surge in demand for the product due to the growing penetration of smartwatches in this region. The rising investment in R&D by key manufacturers in this region has resulted in several innovations in recent years that are very crucial in boosting the demand for the smartwatch sector to support public safety initiatives by the department of police & other public safety organizations.
Full Report: https://www.kbvresearch.com/ppg-biosensors-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Texas Instruments, Inc., Vishay Intertechnology, Inc.., Renesas Electronics Corporation, AMS AG, Murata Manufacturing Co., Ltd., MediaTek, Inc., Maxim Integrated Products, Inc., Silicon Laboratories, Inc., Valencell, Inc., and LifeQ.
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