India Ppg Biosensors Market Size & Outlook, 2023-2030
India ppg biosensors market, 2018-2030 (US$M)
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India ppg biosensors market highlights
- The India ppg biosensors market generated a revenue of USD 9.5 million in 2023 and is expected to reach USD 22.3 million by 2030.
- The India market is expected to grow at a CAGR of 12.9% 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 9.5 million |
| Market revenue in 2030 | USD 22.3 million |
| Growth rate | 12.9% (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, India accounted for 2.1% 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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India 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 44.21% in 2023. Horizon Databook has segmented the India ppg biosensors market based on pulse oximeters, smart watches, wrist bands covering the revenue growth of each sub-segment from 2018 to 2030.
Presence of high untapped market opportunities, increase in disposable income, and rise in healthcare awareness among patients in India are anticipated to fuel market growth over the forecast period. As per an article published by PwC titled “Indian Healthcare on the Cusp of Digital Transformation,” digital connectivity in India is anticipated to increase from 47% in 2022 to 80% in 2034, and rural internet users are anticipated to increase by 58% annually.
India’s focus on improving health outcomes by digitizing healthcare and strong support to startups and entrepreneurs is further expected to boost innovations in India. Moreover, growing use of smartphones and high usage of healthcare apps, especially among the younger Indian population, are expected to facilitate the growth of PPG Biosensors Market.
Furthermore, the Indian government launched several eHealth & telehealth initiatives to curb rising healthcare costs and improve accessibility & affordability of healthcare in the country. According to NCBI, COVID-19 may lead to increase in diastolic and systolic BP, which can lead to new onset of hypertension.
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Horizon Databook provides a detailed overview of country-level data and insights on the India ppg biosensors market , including forecasts for subscribers. This country databook contains high-level insights into India ppg biosensors market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India ppg biosensors market size, by product, 2018-2030 (US$M)
India PPG Biosensors Market Outlook Share, 2023 & 2030 (US$M)
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