Europe Ppg Biosensors Market Size & Outlook, 2023-2030
Europe ppg biosensors market, 2018-2030 (US$M)
Related Markets
Europe ppg biosensors market highlights
- The Europe ppg biosensors market generated a revenue of USD 107.4 million in 2023.
- The 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.
- Country-wise, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 107.4 million |
| Market revenue in 2030 | USD 229.2 million |
| Growth rate | 11.4% (CAGR from 2023 to 2030) |
| Largest segment | Smart watches |
| Fastest growing segment | Smart Watches |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Europe region accounted for 23.9% of the global ppg biosensors market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 205.8 million by 2030.
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PPG Biosensors Market Scope
PPG Biosensors Market Companies
| Name | Profile | # Employees | HQ | Website |
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Europe 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 43.3% in 2023. Horizon Databook has segmented the Europe ppg biosensors market based on pulse oximeters, smart watches, wrist bands covering the revenue growth of each sub-segment from 2018 to 2030.
Europe accounted for 23.9% market share in the PPG Biosensors Market in 2023. The European market includes Germany, the UK, France, Italy, Spain. Sweden, Denmark, and Norway. One of the major trends driving the PPG Biosensors Market in Europe is rise in demand for wearable devices and supportive central data management systems for providing accurate information and medical services to patients, which is likely to fuel market growth.
Other factors contributing to market growth are increase in geriatric population and rise in prevalence of chronic diseases. In 2020, more than one-fifth of European population was aged above 65 years. Chronic diseases are the leading cause of morbidity and mortality in Europe.
As compared to developing countries, these countries spend a disproportionately higher amount per capita on healthcare, which helps industry expansion. Furthermore, the emergence of new EU MDR, which came into effect in May 2017, makes it mandatory for manufacturers to monitor quality and performance of medical devices.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe ppg biosensors market , including forecasts for subscribers. This continent databook contains high-level insights into Europe ppg biosensors market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe ppg biosensors market size, by country, 2018-2030 (US$M)
Europe PPG Biosensors Market Outlook Share, 2023 & 2030 (US$M)
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