Denmark Ppg Biosensors Market Size & Outlook, 2023-2030
Denmark ppg biosensors market, 2018-2030 (US$M)
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Denmark ppg biosensors market highlights
- The Denmark ppg biosensors market generated a revenue of USD 4.1 million in 2023 and is expected to reach USD 8.7 million by 2030.
- The Denmark market is expected to grow at a CAGR of 11.4% 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 4.1 million |
| Market revenue in 2030 | USD 8.7 million |
| Growth rate | 11.4% (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, Denmark accounted for 0.9% 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 Europe, Germany ppg biosensors market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 51.1 million by 2030.
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PPG Biosensors Market Scope
PPG Biosensors Market Companies
| Name | Profile | # Employees | HQ | Website |
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Denmark 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 43.9% in 2023. Horizon Databook has segmented the Denmark ppg biosensors market based on pulse oximeters, smart watches, wrist bands covering the revenue growth of each sub-segment from 2018 to 2030.
The government of Denmark has been undertaking several initiatives to enhance the country's healthcare system. The citizens pay huge taxes to enhance the welfare system. For instance, in May 2023, Denmark announced using USD 739 million annually to boost its healthcare system.
Moreover, according to the European Commission, in 2020, Denmark's healthcare expenditure was about 10.5% of its GDP. Furthermore, according to Statistics Denmark, in 2022, the government invested USD 3,867.38 million in medical goods. Hence, these initiatives are driving the country’s medical goods industry and the complete healthcare industry.
Furthermore, geriatric population in Denmark has been increasing exponentially. For instance, according to the World Bank Group, in 2000, the geriatric population (aged 65 and above) contributed to 15% of the total population, whereas, in 2022, Denmark had 1.2 million people over 65, which was 20% of the total population.
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Horizon Databook provides a detailed overview of country-level data and insights on the Denmark ppg biosensors market , including forecasts for subscribers. This country databook contains high-level insights into Denmark ppg biosensors market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Denmark ppg biosensors market size, by product, 2018-2030 (US$M)
Denmark PPG Biosensors Market Outlook Share, 2023 & 2030 (US$M)
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