Brazil Ppg Biosensors Market Size & Outlook, 2023-2030
Brazil ppg biosensors market, 2018-2030 (US$M)
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Brazil ppg biosensors market highlights
- The Brazil ppg biosensors market generated a revenue of USD 10.0 million in 2023 and is expected to reach USD 20.3 million by 2030.
- The Brazil market is expected to grow at a CAGR of 10.7% 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 10.0 million |
| Market revenue in 2030 | USD 20.3 million |
| Growth rate | 10.7% (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, Brazil accounted for 2.2% 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 Latin America, Brazil ppg biosensors market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 20.3 million by 2030.
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PPG Biosensors Market Scope
PPG Biosensors Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil 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 43% in 2023. Horizon Databook has segmented the Brazil ppg biosensors market based on pulse oximeters, smart watches, wrist bands covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil is one of the most lucrative markets for PPG biosensors in Latin America, as the country has highest healthcare expenditure in the region. Market players are optimistic about the Brazilian market and are willing to invest in this region.
Rise in demand for home care by elderly patients is expected to be a crucial driver of the market. Due to growing presence of manufacturers within the country, cost for components has reduced, leading to in-house manufacturing of affordable and technologically updated devices.
Wrist-worn products are predicted to hold majority shares due to introduction of smart watches capable of monitoring multiple parameters. These factors are anticipated to fuel market growth. Rise in geriatric population and high incidence of falls among this demographic have led to increased demand for home care devices, thereby driving demand for wearable devices.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil ppg biosensors market , including forecasts for subscribers. This country databook contains high-level insights into Brazil ppg biosensors market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil ppg biosensors market size, by product, 2018-2030 (US$M)
Brazil PPG Biosensors Market Outlook Share, 2023 & 2030 (US$M)
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