Photoplethysmography (PPG) Biosensor Market to Surpass US$823.4 Million by 2028 | MedNet GmbH, Valencell Inc., Maxim Integrated, MediaTek Inc., Silicon Laboratories Inc., Murata Manufacturing Co. Ltd
An increasing number of recommendations and product launches are expected to drive the development of the global photoplethysmography (PPG) biosensors market during the forecast period. For example, on February 04, 2021, Google Health announced a new wellness feature for its Google Fit mobile app that will use machine learning to provide users with heart rate and respiratory rate readings using only the device. photo from their smartphone. According to Google Health, both devices will be available for all Pixel devices and will be available for additional Android devices. The user focuses the camera on their fingertip for the heart rate function. The device detects heartbeats using photoplethysmography (PPG), a technique in which minor changes in the optical tint of blood correspond to changes in volume.
Market players and non-profits are focusing on heart disease related initiatives which would be considered par for the course to propel the development of the global market. Photoplethysmography (PPG) Biosensors Market during the forecast period. For example, on May 18, 2021, the American Heart Association, the world’s leading nonprofit dedicated to heart and brain health, and Abbott Laboratories, a global healthcare organization, announced a new long-term initiative. term to reduce hypertension and persistent illnesses in Austin’s underrepresented communities. The initiative was made possible through a generous monetary commitment from Abbott which will support three Federally Qualified Health Care (FQHC) clinical systems in central Texas and provide educational resources, support and medical devices. self-monitoring to try to save time with hypertensive and diabetic patients. to help them manage their blood pressure, blood sugar and health behaviors.
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Global Photoplethysmography (PPG) Biosensor Market-Impact of the Coronavirus (COVID-19) Pandemic
COVID-19 has impacted several markets across the globe and is also expected to hamper the global photoplethysmography (PPG) biosensors market. The pandemic has impacted the demand and supply of healthcare items in three main ways; by directly affecting production and demand; by creating disturbances in the distribution circuits; and because of its monetary effect on businesses and money markets.
However, the increasing use of pulse oximeters in the COVID-19 pandemic might help drive the development of the global photoplethysmography (PPG) biosensor market. For example, as noted in an article published in the journal Chest in February 2021, a review was conducted by professors at the University of California, San Diego who stated that pulse oximetry monitoring is fundamental in the management of respiratory diseases, in particular during pandemics or epidemics. viral respiratory infections, for example, COVID-19 and influenza. Smartphones equipped with photoplethysmography (PPG) with sensors and applications have the potential to essentially improve remote monitoring due to their universality and the fact that they do not require patients to have very expensive gadgets.
Key Points of the Global Photoplethysmography (PPG) Biosensor Market:
- The global market is expected to grow at a compound annual growth rate of 10.8%. North America is expected to account for a major market share during the forecast period (2021-2028), due to the increase in acquisitions and deals among market players. For example, on June 29, 2020, B-SECUR, a pioneer in ECG/EKG technology, announced a coordinated effort with LifeQ, a leading Georgia-based provider of biometric and wearable device-derived health information, to develop superior biometrics and heart rates. health monitoring capabilities for wearable devices. The agreement stipulates that B-Secur’s electrocardiogram (EKG/ECG) technology will be integrated with LifeQ’s optical PPG (photoplethysmography) technology to enable advanced identification, wellness and health monitoring capabilities into the next generation of everyday devices.
- Key players operating in the global photoplethysmography (PPG) biosensors market include Apple Inc., Fitbit, Inc., Texas Instruments Inc., LifeQ Inc., Murata Manufacturing Co. Ltd., Silicon Laboratories Inc., MediaTek Inc., Maxim Integrated, Valencell Inc. and MedNet GmbH.
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Chapter 1 Industry Overview
1.3 Scope of research
1.4 Market Analysis by Regions
1.5 Photoplethysmography (PPG) Biosensors Market Size Analysis from 2022 to 2028
11.6 COVID-19 Outbreak: Impact on Photoplethysmographic (PPG) Biosensors Industry
Chapter 2 Global Photoplethysmography (PPG) Biosensor Competition by Types, Applications, and Top Regions & Countries
2.1 Global Photoplethysmography (PPG) Biosensors (Volume and Value) by Type
2.3 Global Photoplethysmography (PPG) Biosensors (Volume and Value) by Regions
chapter 3 Generation market analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Photoplethysmography (PPG) Biosensor Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America Photoplethysmography (PPG) Biosensor Market Analysis
Chapter 6 Photoplethysmography (PPG) Biosensor Market Analysis in East Asia
Chapter 7 Europe Photoplethysmography (PPG) Biosensor Market Analysis
Chapter 8 South Asia Photoplethysmography (PPG) Biosensor Market Analysis
Chapter 9 Southeast Asia Photoplethysmography (PPG) Biosensor Market Analysis
Chapter 10 Middle East Photoplethysmography (PPG) Biosensor Market Analysis
Chapter 11 Africa Photoplethysmography (PPG) Biosensor Market Analysis
Chapter 12 Oceania Photoplethysmography (PPG) Biosensor Market Analysis
Chapter 13 South America Photoplethysmography (PPG) Biosensor Market Analysis
Chapter 14 Photoplethysmographic (PPG) Biosensor Industry Company Profiles and Key Figures
Chapter 15 Global Photoplethysmography (PPG) Biosensor Market Forecast (2022-2028)
Chapter 16 conclusion
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