PPG Biosensors Market To Hit Value 6.18 Million By 2030 |Grand View Research, Inc.Posted by Mrudula Anil Karmarkar on July 14th, 2023 San Francisco, 14 July 2023: The ReportPPG Biosensors Market Size, Share & Trends Analysis Report By Application (Heart Rate Monitoring, Blood-oxygen Saturation), By Product (Pulse Oximeters, Smart Watches), By Region, And Segment Forecasts, 2023 - 2030 The global PPG biosensors market size is expected to reach USD 966.18 million by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 11.6% from 2023 to 2030. An increasing number of cardiovascular disorders, the impact of COVID-19, the surge in adoption of smart wearables, and technological advancements are the key driving factors for the market. The increasing incidence of cardiovascular diseases across the globe is anticipated to drive the market. For instance, according to the American Heart Association, almost 17.0 million people die each year as a result of cardiac abnormalities, and this figure is expected to rise to 23 million by 2030. PPG typically measures blood pressure, oxygen saturation, and cardiac output through a series of waves and peak detection. Thus, the rising number of CVDs is expected to boost the demand for PPG biosensors, which is expected to lead to considerable market growth over the forecast period. The increasing adoption of wearable healthcare devices in developing economies is expected to drive the market. Fit bits, pulse oximeters, smartwatches, and other wearable healthcare systems are incorporated with optical sensors to provide real-time patient health tracking solutions. For instance, the Realme watch comes with wide-ranging health functions comprising of blood-oxygen-level (SpO2) and top-level PPG heart rate sensors. Several smartwatches with inbuilt PPG sensors from Apple, Moto G, Realme will be launching in later 2021. In Oct 2020, Mobvoi launched its new TicWatch Pro 3 smartwatch in India that consists of a PPG sensor. Moreover, smart rings are relatively new, however, Oura Ring facilitated with Infrared Photoplethysmography Sensors (PPG) for heart rate and respiration, is booming in the market. These sensors have many advantages, including high precision, small scale, and no sensitivity to electromagnetic radiation, which makes them suitable for use in medical-grade wearable devices. The use of photoplethysmography (PPG) technology as an alternative heart rate monitoring strategy has increased rapidly, primarily owing to its ease of use, wearing comfort for its consumers, and cost-effectiveness. PPG is more flexible that can be used in a wider range of applications, such as watches, rings, patches, and earbuds. Wearable wellness tracking technologies, such as smartwatches and fitness trackers, have intrigued the attention of consumers in recent years. Smart wearables are integrated with PPG sensors that are used to measure heart rate, blood oxygen saturation, and blood pressure. Request sample report of PPG Biosensors Market@https://www.grandviewresearch.com/industry-analysis/ppg-biosensors-market/request/rs1 PPG Biosensors Market Report Highlights
For instance, Valencell’s PerformTek PPG sensor technology is the only continuous heart rate sensor technology proven accurate during virtually any exercise and in virtually any environment. The COVID-19 pandemic has highlighted the importance of harnessing and leveraging digital technology for remote patient tracking. We see a need for more robust disease identification and control of patient and public well-being, which might be assisted by wearable devices, as existing viral testing and vaccines are slow to develop. COVID-19, like other viral illnesses, is associated with a number of physiological changes that can be tracked with wearable sensors. Photoplethysmography (PPG) Biosensors Market Report Scope
List of Key Players of PPG Biosensors Market
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