UK Ppg Biosensors Market Size & Outlook, 2023-2030
UK ppg biosensors market, 2018-2030 (US$M)
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UK ppg biosensors market highlights
- The UK ppg biosensors market generated a revenue of USD 20.7 million in 2023 and is expected to reach USD 45.0 million by 2030.
- The UK market is expected to grow at a CAGR of 11.8% 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 20.7 million |
| Market revenue in 2030 | USD 45.0 million |
| Growth rate | 11.8% (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, UK accounted for 4.6% 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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UK 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% in 2023. Horizon Databook has segmented the UK ppg biosensors market based on pulse oximeters, smart watches, wrist bands covering the revenue growth of each sub-segment from 2018 to 2030.
The UK has a large healthcare system, which creates continuous demand for products and is very receptive to innovative technologies. The NHS is the largest purchaser of medical products and serves around 85% of the population.
The NHS has undergone major changes over the recent past to help improve healthcare services in the country, such as introduction of electronic transactions, online booking, and improved healthcare infrastructure.
According to Office for National Statistics (ONS), there are around 11 million people aged 65 and above in the UK in 2021. This is expected to lead to an increase in incidence of age-related health conditions and boost the demand for adequate social care. Hence, NHS is seeking to address concerns through assistive & e-health technologies aimed at promoting selfmonitoring & independence.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK ppg biosensors market , including forecasts for subscribers. This country databook contains high-level insights into UK ppg biosensors market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK ppg biosensors market size, by product, 2018-2030 (US$M)
UK PPG Biosensors Market Outlook Share, 2023 & 2030 (US$M)
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