Sweden Ppg Biosensors Market Size & Outlook, 2023-2030
Sweden ppg biosensors market, 2018-2030 (US$M)
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Sweden ppg biosensors market highlights
- The Sweden ppg biosensors market generated a revenue of USD 3.5 million in 2023 and is expected to reach USD 7.4 million by 2030.
- The Sweden market is expected to grow at a CAGR of 11.1% 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 3.5 million |
| Market revenue in 2030 | USD 7.4 million |
| Growth rate | 11.1% (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, Sweden accounted for 0.8% 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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Sweden 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 Sweden ppg biosensors market based on pulse oximeters, smart watches, wrist bands covering the revenue growth of each sub-segment from 2018 to 2030.
Sweden has a significant number of hypertension cases. According to the Karolinska Institutet, over 1.8 million people in Sweden suffer from hypertension. For the age group of 20 years and above, one in four individuals is affected because of hypertension.
As the age increases, that is, 60 years and above, the prevalence increases to around one in two people. Furthermore, according to the WHO, Sweden witnessed approximately 2.7 million COVID-19 cases from January 2020 to December 2023.
This population was highly vulnerable to heart issues and hypertension. Hence, the need to monitor blood pressure increases the demand for smartwatches that alert to any fluctuations in blood pressure. Therefore, the increasing prevalence of hypertension contributes to the growth of the PPG biosensors market in Sweden.
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Horizon Databook provides a detailed overview of country-level data and insights on the Sweden ppg biosensors market , including forecasts for subscribers. This country databook contains high-level insights into Sweden ppg biosensors market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Sweden ppg biosensors market size, by product, 2018-2030 (US$M)
Sweden PPG Biosensors Market Outlook Share, 2023 & 2030 (US$M)
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