Saudi Arabia Ppg Biosensors Market Size & Outlook
Saudi Arabia ppg biosensors market, 2018-2030 (US$M)
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Saudi Arabia ppg biosensors market highlights
- The Saudi Arabia ppg biosensors market generated a revenue of USD 6.3 million in 2023 and is expected to reach USD 12.3 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 10% 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 6.3 million |
| Market revenue in 2030 | USD 12.3 million |
| Growth rate | 10% (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, Saudi Arabia accounted for 1.4% 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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Saudi Arabia 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 42.86% in 2023. Horizon Databook has segmented the Saudi Arabia ppg biosensors market based on pulse oximeters, smart watches, wrist bands covering the revenue growth of each sub-segment from 2018 to 2030.
Saudi Arabia’s geriatric population accounted for 2.4% of the total population in 2019, and the percentage is expected to reach 25.0% by 2050. Saudi Arabia PPG Biosensors Market is expected to exhibit lucrative growth in the MEA region, as government is promoting public-private partnerships, which is expected to make advanced medical technologies accessible to the population.
Non-communicable diseases account for 73% of all deaths in Saudi Arabia. The major source of noncommunicable disease deaths, accounting for 37% of total deaths, is cardiovascular disease, followed by other non-communicable diseases at 20%, cancer at 10%, diabetes at 3%, and respiratory diseases at 3%.
The increased prevalence of chronic diseases is expected to drive the demand for monitoring devices and propel market growth.
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia ppg biosensors market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia ppg biosensors market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia ppg biosensors market size, by product, 2018-2030 (US$M)
Saudi Arabia PPG Biosensors Market Outlook Share, 2023 & 2030 (US$M)
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