Thailand Ppg Biosensors Market Size & Outlook, 2023-2030
Thailand ppg biosensors market, 2018-2030 (US$M)
Related Markets
Thailand ppg biosensors market highlights
- The Thailand ppg biosensors market generated a revenue of USD 3.0 million in 2023 and is expected to reach USD 6.6 million by 2030.
- The Thailand market is expected to grow at a CAGR of 11.9% 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 3.0 million |
| Market revenue in 2030 | USD 6.6 million |
| Growth rate | 11.9% (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, Thailand accounted for 0.7% 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 Asia Pacific, China ppg biosensors market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 22.3 million by 2030.
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PPG Biosensors Market Scope
PPG Biosensors Market Companies
| Name | Profile | # Employees | HQ | Website |
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Thailand 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 43.33% in 2023. Horizon Databook has segmented the Thailand ppg biosensors market based on pulse oximeters, smart watches, wrist bands covering the revenue growth of each sub-segment from 2018 to 2030.
Thailand witnessed a significant increase in the geriatric population. According to the World Bank Group, in 2000, the geriatric population contributed 6% of the total population and increased to 15% in 2022.
This surge in the aging population emphasizes a growing need for healthcare solutions and monitoring tools for heart rate & blood pressure. PPG biosensors play a crucial role in these monitoring devices. Hence, the increasing geriatric population in Thailand is expected to contribute to the PPG biosensors market in the country.
Furthermore, the country has a substantial population suffering from hypertension. According to the National Health Examination Survey, in 2021, 14 million individuals had hypertension issues, and only around 50% of them were seeking treatment.
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Horizon Databook provides a detailed overview of country-level data and insights on the Thailand ppg biosensors market , including forecasts for subscribers. This country databook contains high-level insights into Thailand ppg biosensors market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Thailand ppg biosensors market size, by product, 2018-2030 (US$M)
Thailand PPG Biosensors Market Outlook Share, 2023 & 2030 (US$M)
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