North America Ppg Biosensors Market Size & Outlook
North America ppg biosensors market, 2018-2030 (US$M)
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North America ppg biosensors market highlights
- The North America ppg biosensors market generated a revenue of USD 179.7 million in 2023.
- The market is expected to grow at a CAGR of 11.8% 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, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 179.7 million |
| Market revenue in 2030 | USD 393.1 million |
| Growth rate | 11.8% (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, North America region accounted for 40.0% 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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North America 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 42.9% in 2023. Horizon Databook has segmented the North America ppg biosensors market based on pulse oximeters, smart watches, wrist bands covering the revenue growth of each sub-segment from 2018 to 2030.
North America held the largest share in 2023 and is anticipated to witness considerable growth of 12.4% over the forecast period. Growing prevalence of chronic diseases and rapid technological advancements are among the key factors contributing to the large market share.
Technological advancements in providing minimally invasive devices, high demand for cost-effective medical devices, and increase in need for home diagnosis are factors further boosting the market growth.
In addition, well-established healthcare infrastructure, high healthcare expenditure, presence of dominant market players, and rapid adoption of advanced technologies are other factors expected to drive the market over the forecast period.
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Horizon Databook provides a detailed overview of continent-level data and insights on the North America ppg biosensors market , including forecasts for subscribers. This continent databook contains high-level insights into North America ppg biosensors market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America ppg biosensors market size, by country, 2018-2030 (US$M)
North America PPG Biosensors Market Outlook Share, 2023 & 2030 (US$M)
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