Japan Ppg Biosensors Market Size & Outlook, 2023-2030
Japan ppg biosensors market, 2018-2030 (US$M)
Related Markets
Japan ppg biosensors market highlights
- The Japan ppg biosensors market generated a revenue of USD 17.7 million in 2023 and is expected to reach USD 40.2 million by 2030.
- The Japan market is expected to grow at a CAGR of 12.4% 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 17.7 million |
| Market revenue in 2030 | USD 40.2 million |
| Growth rate | 12.4% (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, Japan accounted for 4.0% 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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Japan 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 42.94% in 2023. Horizon Databook has segmented the Japan ppg biosensors market based on pulse oximeters, smart watches, wrist bands covering the revenue growth of each sub-segment from 2018 to 2030.
In Japan, nearly 43 million individuals were estimated to suffer from hypertension in 2020, while around 14 million were unaware that they had hypertension. These factors are anticipated to increase the emphasis on hypertension awareness and favor market growth.
In Japan, all residents are covered under the country’s universal health insurance policy. The plan covers ambulatory, extended care, and hospital care. For medical devices, the reimbursement plan is based on categories of medical devices.
Vital signs monitors can be classified as thermometers, which fall under Class F devices and are not reimbursed, and pulse oximeters may be classified as Class A or B devices, which are needed immediately and are reimbursable.
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Horizon Databook provides a detailed overview of country-level data and insights on the Japan ppg biosensors market , including forecasts for subscribers. This country databook contains high-level insights into Japan ppg biosensors market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Japan ppg biosensors market size, by product, 2018-2030 (US$M)
Japan PPG Biosensors Market Outlook Share, 2023 & 2030 (US$M)
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