Australia Ppg Biosensors Market Size & Outlook, 2023-2030
Australia ppg biosensors market, 2018-2030 (US$M)
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Australia ppg biosensors market highlights
- The Australia ppg biosensors market generated a revenue of USD 10.5 million in 2023 and is expected to reach USD 23.1 million by 2030.
- The Australia market is expected to grow at a CAGR of 11.9% from 2024 to 2030.
- In terms of segment, smart watches was the largest revenue generating product in 2023.
- Smart Watches is the most lucrative product segment registering the fastest growth during the forecast period.
Ppg biosensors market data book summary
| Market revenue in 2023 | USD 10.5 million |
| Market revenue in 2030 | USD 23.1 million |
| Growth rate | 11.9% (CAGR from 2023 to 2030) |
| Largest segment | Smart watches |
| Fastest growing segment | Smart Watches |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Pulse Oximeters, Smart Watches, Wrist Bands |
| Key market players worldwide | Analog Devices Inc, Murata Manufacturing Co Ltd, Silicon Laboratories Inc, MediaTek Inc, Ams-OSRAM AG |
Other key industry trends
- In terms of revenue, Australia accounted for 2.3% of the global ppg biosensors market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China ppg biosensors market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 22.3 million by 2030.
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PPG Biosensors Market Scope
PPG Biosensors Market Companies
| Name | Profile | # Employees | HQ | Website |
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Australia ppg biosensors market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ppg biosensors market will help companies and investors design strategic landscapes.
Smart watches was the largest segment with a revenue share of 42.86% in 2023. Horizon Databook has segmented the Australia ppg biosensors market based on pulse oximeters, smart watches, wrist bands covering the revenue growth of each sub-segment from 2018 to 2030.
Australia depends majorly on the import of medical devices from countries like Japan and the U.S. The Australian medical device market is governed by Australia TGA medical devices regulations. The Australian market is mature and receptive toward new technologies resulting in faster adoption of advanced products.
This encourages major players to enter the Australian market owing to which market growth is anticipated to grow over the forecast period. In addition, improvements in advanced technology, a larger patient base, and weak regulatory standards further drive the market.
The prevalence of chronic diseases and rapidly aging population are two additional important factors driving the market. The Department of Health of the Australian Government reported in September 2021 that 27% of all fatalities in Australia are caused by cardiovascular conditions. One or more heart or vascular illnesses affect about 1.2 million Australians.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia ppg biosensors market , including forecasts for subscribers. This country databook contains high-level insights into Australia ppg biosensors market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia ppg biosensors market size, by product, 2018-2030 (US$M)
Australia PPG Biosensors Market Outlook Share, 2023 & 2030 (US$M)
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