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US PPG Biosensors Market Analysis Report 2024-2030:

Posted on by darion

Dublin, June 26, 2024 (GLOBE NEWSWIRE) — “US PPG Biosensors Market Size Analysis Report, Share and Trends by Product (Pulse Oximeters, Smart Watches), Application (Heart Rate Monitoring, Blood Oxygen Saturation, Blood Pressure), and Segment Forecasts, 2024-2030” report added ResearchAndMarkets.com offering.

The U.S. PPG biosensors market size is projected to reach USD 340.1 million by 2030, representing a CAGR of 12.7% during 2024-2030

The use of photoplethysmography (PPG) technology as an alternative heart rate monitoring strategy has increased rapidly due to its ease of use and cost-effectiveness, the increasing incidence of cardiovascular disease (CVD), and the widespread use of wearable devices and smart watches.

Photoplethysmography technology offers flexibility, allowing it to be integrated into a variety of devices such as watches, rings, badges, and earphones. Several heart rate indices, including heart rate (HR), heart rate variability (HRV), blood volume saturation, and respiratory rate (RR), have emerged as potential markers of Covid-19 infection.

Smart wearable devices powered by PPG technology already measure these vital signs. In May 2019, Masimo received FDA clearance for Tetherless Radius PPG sensors. These sensors allow bedside monitors to be placed outside the patient’s room, ensuring continuous monitoring from a safe distance. The rising prevalence of cardiovascular diseases is expected to be the major factor driving the growth of this market during the forecast period. According to the CDC, approximately 695,000 U.S. residents die from cardiovascular disease.

Highlights from the report on the PPG biosensors market in the USA

  • The smartwatch segment accounted for the highest share of over 40% in 2023 and is expected to witness the fastest CAGR from 2024 to 2030 due to increased adoption rate
  • The heart rate monitoring segment accounted for the largest share in 2023 and is expected to witness significant growth during the forecast period
  • The blood oxygen saturation segment is expected to grow the fastest between 2024 and 2030
  • In November 2023, GE HealthCare and Masimo partnered to integrate Masimo SET pulse oximetry technology into the GE HealthCare mobile portrait platform. It aims to incorporate Masimo’s advanced pulse oximetry capabilities into GE HealthCare wireless and portable devices, enabling users to monitor vital signs such as heart rate and blood oxygen levels with high precision

Company profiles

  • Masimo company
  • Valencell. Inc.
  • Maxim integrated
  • Nonin Medical, Inc.
  • Rockley Photonics
  • Omron Healthcare
  • BioTech Instruments, Inc.;
  • CureX, Inc.
  • Preventive solutions

Key Features:

Report attribute Details
number of pages 85
Forecast period 2023 – 2030
Estimated market value (USD) in 2023 $152.1 million
Projected market value (USD) until 2030 $340.1 million
Compound Annual Growth Rate 12.7%
Regions covered United States

Key topics covered:

Chapter 1. Methodology and scope

Chapter 2. Summary
2.1. Market prospects
2.2. Segment prospects
2.3. Competitive insights

Chapter 3. Market Variables, Trends and Scope of US PPG Biosensors
3.1. Market Line Outlook
3.1.1. Home market prospects
3.1.2. Related/Supporting Market Forecasts
3.2. Market dynamics
3.2.1. Analysis of market factors
3.2.1.1. Increasing incidence of cardiovascular diseases
3.2.1.2. Ease of use and cost-effectiveness
3.2.1.3. Growing use of mobile devices and smart watches
3.2.2. Market constraints analysis
3.2.2.1. Data security and privacy concerns
3.2.2.2. Limited data verification
3.3. Tools for analyzing the PPG biosensors market from the USA
3.3.1. Industry Analysis – Porter’s
3.3.2. PESTEL analysis

Chapter 4. US PPG Biosensors Market: Product Estimates and Trend Analysis
4.1. Product market share, 2023 and 2030
4.2. Segment panel
4.3. US PPG Biosensor Market by Product Forecast
4.4. Market size and forecasts and trend analyses, 2018–2030
4.4.1. Pulse oximeters
4.4.2. Smart watches
4.4.3. Wristbands

Chapter 5. US PPG Biosensors Market: Application Estimates and Trend Analysis
5.1. App market share, 2023 and 2030
5.2. Segment panel
5.3. US PPG Biosensors Market by Application Outlook
5.4. Market size and forecasts and trend analyses, 2018–2030
5.4.1. Heart rate monitoring
5.4.2. Blood oxygen saturation
5.4.3. Blood pressure

Chapter 6. The competitive landscape
6.1. Latest developments and impact analysis by key market participants
6.2. Categorization of the company/competition
6.3. Supplier landscape
6.3.1. List of key distributors and trading partners
6.3.2. Key customers

More information about this report can be found at https://www.researchandmarkets.com/r/yudxew

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  • US PPG biosensor market