A newly-released PPG Biosensors Market analysis report by Future Market Insights reveals that the global market size for PPG (Photoplethysmography) biosensors was valued at USD 417.3 Million in 2022. The market is expected to grow at an impressive CAGR of 15.2% from 2023 to 2033, reaching a projected valuation of USD 1.9 Billion by 2033.
The report highlights heart rate monitoring as the most significant revenue-generating segment, with a projected CAGR of over 17% from 2023 to 2033. This surge is driven by increasing demand for wearable health monitoring devices, particularly those that leverage PPG biosensors to track vital signs such as heart rate, oxygen saturation, and blood pressure in real-time.
As healthcare technology advances and consumers seek more personalized, on-demand health insights, the PPG biosensors market is poised for substantial growth. Expanding applications across healthcare, fitness, and wellness sectors, combined with innovation in sensor technology, are key factors contributing to this rapid market expansion.
Competitive Analysis
The leading PPG biosensors market companies are extensively spending on research and development to develop biosensor technologies for improved disease management and surveillance. Besides, the companies are also engaged in forming partnerships to expand their global footprint.
Some of the recent developments of key PPG biosensors providers are as follows:
- In July 2022, Mitocon Biomed launched Oxysat, a pulse oximeter with an 18-month replacement warranty. The company owns the procurement, manufacturing, and distribution rights.
- In April 2022, Amazfit Bip U Pro and BOAT Xplorer were released in India. PPG bio-tracking optical sensors in smartwatches continually measure heart rate.
- In June 2020, Xiaomi Mi Band 5 was launched which had numerous new features, including a bigger OLED display, improved HR tracking, and magnetic charging. It had a PPG Biosensor installed in it which facilitated enhanced heart rate monitoring.
Similarly, recent developments related to companies in PPG biosensors Market have been tracked by the team at Future Market Insights, which is available in the full report.
Key Companies Profiled
- Valencell, Inc.
- Maxim Integrated
- Murata Manufacturing Co., Ltd.
- Silicon Laboratories
- Mediatek
- AMS AG
Market Segments Covered in PPG biosensors Market Analysis
By Product Type:
- Pulse Oximeters
- Smart Watches
- Smart Wrist Bands
- Other Product types
By Application:
- Heart Rate Monitoring
- Blood-Oxygen Saturation
- Blood Pressure
- Other Applications
By Region:
- North America
- Latin America
- Europe
- Asia-Pacific
- Middle East & Africa (MEA)
Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube