Middle East & Africa Ppg Biosensors Market Size & Outlook
Middle East & Africa ppg biosensors market, 2018-2030 (US$M)
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MEA ppg biosensors market highlights
- The MEA ppg biosensors market generated a revenue of USD 32.7 million in 2023.
- The market is expected to grow at a CAGR of 9.7% 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, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 32.7 million |
| Market revenue in 2030 | USD 62.7 million |
| Growth rate | 9.7% (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, MEA region accounted for 7.3% 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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Middle East & Africa 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 43.12% in 2023. Horizon Databook has segmented the Middle East & Africa ppg biosensors market based on pulse oximeters, smart watches, wrist bands covering the revenue growth of each sub-segment from 2018 to 2030.
The Middle East and African market is anticipated to witness steady growth over the forecast period. The key driving forces include presence of supportive government initiatives, increasing healthcare expenditure, and growing awareness.
In addition, increase in chronic disease population, as well as an aging population, and high demand for home-based monitoring equipment further boost the market growth. According to South African Council for Medical Schemes research, the cases of chronic diseases in Africa are increasing, with hypertension and hyperlipidemia being the most common disorders across the continent.
As a result, the need for patient monitoring and wearable devices is increasing. However, MEA faces challenges like lack of effective reimbursement policies and a strict regulatory framework, which restrains market growth.
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Our clientele includes a mix of ppg biosensors market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa ppg biosensors market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa ppg biosensors market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA ppg biosensors market size, by country, 2018-2030 (US$M)
Middle East & Africa PPG Biosensors Market Outlook Share, 2023 & 2030 (US$M)
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