China Ppg Biosensors Market Size & Outlook, 2023-2030
China ppg biosensors market, 2018-2030 (US$M)
Related Markets
China ppg biosensors market highlights
- The China ppg biosensors market generated a revenue of USD 19.7 million in 2023 and is expected to reach USD 45.3 million by 2030.
- The China market is expected to grow at a CAGR of 12.7% 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 19.7 million |
| Market revenue in 2030 | USD 45.3 million |
| Growth rate | 12.7% (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, China accounted for 4.4% 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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China 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 43.65% in 2023. Horizon Databook has segmented the China ppg biosensors market based on pulse oximeters, smart watches, wrist bands covering the revenue growth of each sub-segment from 2018 to 2030.
Chronic illnesses, such as cardiovascular disease, are on the rise in China. In addition, China's geriatric population is growing rapidly. The need for patient monitoring devices has increased in China as a result of these factors over time.
As a result of the high demand, technological improvements in this field have improved the use and portability of these gadgets. Furthermore, these technologies reduce the number of unnecessary doctor visits and travel-related expenses.
As a result, these gadgets are increasingly being employed for personal use at home, boosting market growth. In terms of regulations, the Chinese market is still undergoing rapid & significant changes, influenced by efforts to limit the country's increasing healthcare spending and enhance market transparency.
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Horizon Databook provides a detailed overview of country-level data and insights on the China ppg biosensors market , including forecasts for subscribers. This country databook contains high-level insights into China ppg biosensors market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China ppg biosensors market size, by product, 2018-2030 (US$M)
China PPG Biosensors Market Outlook Share, 2023 & 2030 (US$M)
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