Kuwait Ppg Biosensors Market Size & Outlook, 2023-2030
Kuwait ppg biosensors market, 2018-2030 (US$M)
Related Markets
Kuwait ppg biosensors market highlights
- The Kuwait ppg biosensors market generated a revenue of USD 1.5 million in 2023 and is expected to reach USD 3.0 million by 2030.
- The Kuwait market is expected to grow at a CAGR of 9.9% 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 1.5 million |
| Market revenue in 2030 | USD 3.0 million |
| Growth rate | 9.9% (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, Kuwait accounted for 0.3% 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 Middle East & Africa, South Africa ppg biosensors market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 21.6 million by 2030.
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PPG Biosensors Market Scope
PPG Biosensors Market Companies
| Name | Profile | # Employees | HQ | Website |
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Kuwait 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 46.67% in 2023. Horizon Databook has segmented the Kuwait ppg biosensors market based on pulse oximeters, smart watches, wrist bands covering the revenue growth of each sub-segment from 2018 to 2030.
The geriatric population in Kuwait witnessed a substantial rise. According to the World Bank Group, in 2000, the geriatric population contributed to 2% of the total population and increased to 5% in 2022, along with the increase in total population.
This population is vulnerable to heart issues, which drives the need for monitoring devices. Hence, the increasing geriatric population is anticipated to drive the PPG biosensors market in Kuwait. The country registered approximately 4,500 heart attack cases from May 2023 to December 2023.
With an increasing awareness of cardiovascular health and the rising prevalence of heart-related conditions, individuals are becoming more proactive in monitoring their heart health. Heart rate & blood pressure monitors offer convenient & accessible means for regular self-assessment, enabling early detection of abnormalities and contributing to preventive healthcare measures.
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Our clientele includes a mix of ppg biosensors market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Kuwait ppg biosensors market , including forecasts for subscribers. This country databook contains high-level insights into Kuwait ppg biosensors market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Kuwait ppg biosensors market size, by product, 2018-2030 (US$M)
Kuwait PPG Biosensors Market Outlook Share, 2023 & 2030 (US$M)
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