South Africa Ppg Biosensors Market Size & Outlook
South Africa ppg biosensors market, 2018-2030 (US$M)
Related Markets
South Africa ppg biosensors market highlights
- The South Africa ppg biosensors market generated a revenue of USD 10.9 million in 2023 and is expected to reach USD 21.6 million by 2030.
- The South Africa market is expected to grow at a CAGR of 10.3% 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 10.9 million |
| Market revenue in 2030 | USD 21.6 million |
| Growth rate | 10.3% (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, South Africa accounted for 2.4% 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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South 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 South Africa ppg biosensors market based on pulse oximeters, smart watches, wrist bands covering the revenue growth of each sub-segment from 2018 to 2030.
Growing prevalence of chronic diseases due to lifestyle changes, rising geriatric population, and convenience of use & portability devices are all contributing to the market growth in South Africa. To ensure patient's well-being, wearable devices are used to measure various medical parameters by continuously measuring vital signs.
Chronic diseases, such as cardiovascular disorders, are on the rise in South Africa. Despite the fact that South Africa's population is young, the geriatric population is expanding. South Africa is a developing nation receiving assistance from countries such as the U.S. and Canada to provide primary care to patients belonging to all age groups.
According to the Southern African Hypertension Society, around 4 in 10 adults (aged 25 years & above) have hypertension, and around 50% of these individuals are unaware of their condition, which highlights the need for increasing awareness and improving diagnosis of hypertension in the country.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa ppg biosensors market , including forecasts for subscribers. This country databook contains high-level insights into South Africa ppg biosensors market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa ppg biosensors market size, by product, 2018-2030 (US$M)
South Africa PPG Biosensors Market Outlook Share, 2023 & 2030 (US$M)
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