Norway Ppg Biosensors Market Size & Outlook, 2023-2030
Norway ppg biosensors market, 2018-2030 (US$M)
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Norway ppg biosensors market highlights
- The Norway ppg biosensors market generated a revenue of USD 2.5 million in 2023 and is expected to reach USD 4.7 million by 2030.
- The Norway market is expected to grow at a CAGR of 9.2% 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 2.5 million |
| Market revenue in 2030 | USD 4.7 million |
| Growth rate | 9.2% (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, Norway accounted for 0.6% 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 Europe, Germany ppg biosensors market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 51.1 million by 2030.
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PPG Biosensors Market Scope
PPG Biosensors Market Companies
| Name | Profile | # Employees | HQ | Website |
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Norway 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% in 2023. Horizon Databook has segmented the Norway ppg biosensors market based on pulse oximeters, smart watches, wrist bands covering the revenue growth of each sub-segment from 2018 to 2030.
The increasing geriatric population drives the PPG biosensors market in Norway. According to the World Bank Group, the geriatric population in Norway increased from 15% in 2020 to 18% in 2022. Hence, the prevalence of cardiac issues, including hypertension, is on the rise.
Therefore, the demand for monitoring devices is expected to increase to monitor heart rate and blood pressure, driving the Norway PPG biosensors market. Furthermore, the increasing healthcare expenditure in Norway has driven the demand for technological advancements in the healthcare sector.
According to the ITA, in 2021, the healthcare expenditure of Norway contributed to 10.1% of the GDP. It includes the adoption of PPG biosensors, which are used for various applications such as heart rate monitoring, blood-oxygen saturation, and blood pressure.
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Horizon Databook provides a detailed overview of country-level data and insights on the Norway ppg biosensors market , including forecasts for subscribers. This country databook contains high-level insights into Norway ppg biosensors market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Norway ppg biosensors market size, by product, 2018-2030 (US$M)
Norway PPG Biosensors Market Outlook Share, 2023 & 2030 (US$M)
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