Photoplethysmography (PPG) Biosensors Market, By Product Type (Smart Watches, Pulse Oximeters, Smart Wrist Bands, and Others), By Application (Heart Rate Monitoring, Blood-oxygen Saturation, Blood Pressure, and Others), By Distribution Channel (Pharmacies

Photoplethysmography (PPG) Biosensors Market, By Product Type (Smart Watches, Pulse Oximeters, Smart Wrist Bands, and Others), By Application (Heart Rate Monitoring, Blood-oxygen Saturation, Blood Pressure, and Others), By Distribution Channel (Pharmacies, Electronic Stores, E-commerce, and Others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Photoplethysmography (PPG) is an optical technique used for detecting volumetric changes in blood in peripheral circulation. It is a low-cost, non-invasive method used on the skin's surface for taking measurements.
PPG technology is used in a variety of commercially available medical devices to measure oxygen saturation, blood pressure, and cardiac output, as well as to assess autonomic function and detect peripheral vascular disease.
Wearable pulse rate monitors have been developed using PPG technology. These low-cost, small devices use high-intensity green light-emitting diodes (LEDs) and photo detectors to provide non-invasive pulse rate monitoring. Miniaturization, robustness, and user-friendliness are critical design requirements for these systems.

Market Dynamics

Market players are focused on new product launches and approvals, which could contribute to the growth of the global photoplethysmography (PPG) biosensors market over the forecast period. For instance, on September 28, 2021, Masimo, a global medical technology company, announced that the Rad-G Pulse Oximeter has received U.S. Food and Drugs Administration (FDA) clearance. This rugged handheld device provides clinically proven SET pulse oximetry, respiration rate, and other vital parameters for both spot-checking and continuous monitoring. Rad-G offers the ultimate handheld versatility, and can be used in a variety of settings including but not limited to physicians' offices, outpatient services, long-term care facilities, wellness clinics, first-response scenarios, and limited-resource environments.

Market players are focusing on product launches, which is expected to strengthen their position in the global photoplethysmography (PPG) biosensors market. For instance, on April 07, 2021, MFine, a Bengaluru-based health-tech startup, unveiled 'MFine Pulse,' an app-based SPO2 monitoring tool that can help people to keep track of their oxygen saturation levels using their smartphones. MFine has developed a proprietary algorithm that uses a smartphone camera to measure oxygen saturation. The smartphone camera is used to obtain a photoplethysmogram (PPG) signal from the user's fingertip. The PPG is an optically obtained plethysmogram that can be used to detect changes in blood volume in the tissue's microvascular bed. The LED illuminates the skin, while the smartphone camera detects changes in light absorption.

Market players are involved in expanding their global presence by adopting strategies such as acquisitions and partnerships, this is expected to drive the growth of the global photoplethysmography (PPG) biosensors market. For instance, on November 29, 2018, Huami Corporation, a biometric and activity data-driven company with significant expertise in smart wearable technology, partnered with Timex Group, a global leader in watchmaking. According to the agreement, the companies will investigate opportunities to develop new products and expand their global presence in the smart wearables market, combining Timex's longstanding expertise as watchmakers with Huami's cutting-edge artificial intelligence technology, app design, and manufacturing capabilities, to create a new generation of smart watches that deliver on performance, style, and functionality.

Key features of the study:
This report provides an in-depth analysis of global photoplethysmography (PPG) biosensors market, provides market size (US$ Million), and compound annual growth rate (CAGR %) for the forecast period (2022-2028), considering 2021 as the base year.
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by the leading players
It profiles leading players in the global photoplethysmography (PPG) biosensors market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
Key companies covered as a part of this study include MedNet GmbH, Valencell Inc., Maxim Integrated, MediaTek Inc., Silicon Laboratories Inc., Murata Manufacturing Co. Ltd., LifeQ Inc., Texas Instruments Inc., Fitbit, Inc. and Apple Inc.
Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launch, technology up-gradation, market expansion, and marketing tactics
The global photoplethysmography (PPG) biosensors market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision making through various strategy matrices used in analyzing the global photoplethysmography (PPG) biosensors market.
Detailed Segmentation:
Global photoplethysmography (PPG) biosensors market, By Product Type:
Smart Watches
Pulse Oximeters
Smart Wrist Bands
Others
Global photoplethysmography (PPG) biosensors market, By Application:
Heart Rate Monitoring
Blood-oxygen Saturation
Blood Pressure
Others
Global photoplethysmography (PPG) biosensors market, By Distribution Channel:
Pharmacies
Electronic Stores
E-commerce
Others
Global photoplethysmography (PPG) biosensors market, By Region:
North America
By Product Type:
Smart Watches
Pulse Oximeters
Smart Wrist Bands
Others
By Application:
Heart Rate Monitoring
Blood-oxygen Saturation
Blood Pressure
Others
By Distribution Channel:
Pharmacies
Electronic Stores
E-commerce
Others
By Country:
U.S.
Canada
Latin America
By Product Type:
Smart Watches
Pulse Oximeters
Smart Wrist Bands
Others
By Application:
Heart Rate Monitoring
Blood-oxygen Saturation
Blood Pressure
Others
By Distribution Channel:
Pharmacies
Electronic Stores
E-commerce
Others
By Country:
Brazil
Mexico
Argentina
Rest of Latin America
Europe
By Product Type:
Smart Watches
Pulse Oximeters
Smart Wrist Bands
Others
By Application:
Heart Rate Monitoring
Blood-oxygen Saturation
Blood Pressure
Others
By Distribution Channel:
Pharmacies
Electronic Stores
E-commerce
Others
By Country:
U.K.
Germany
Italy
Spain
France
Russia
Rest of Europe
Asia Pacific
By Product Type:
Smart Watches
Pulse Oximeters
Smart Wrist Bands
Others
By Application:
Heart Rate Monitoring
Blood-oxygen Saturation
Blood Pressure
Others
By Distribution Channel:
Pharmacies
Electronic Stores
E-commerce
Others
By Country
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific

Middle East
By Product Type:
Smart Watches
Pulse Oximeters
Smart Wrist Bands
Others
By Application:
Heart Rate Monitoring
Blood-oxygen Saturation
Blood Pressure
Others
By Distribution Channel:
Pharmacies
Electronic Stores
E-commerce
Others
By Country:
GCC
Israel
Rest of Middle East
Africa
By Product Type:
Smart Watches
Pulse Oximeters
Smart Wrist Bands
Others
By Application:
Heart Rate Monitoring
Blood-oxygen Saturation
Blood Pressure
Others
By Distribution Channel:
Pharmacies
Electronic Stores
E-commerce
Others
By Country/Region:
South Africa
Central Africa
North Africa
Company Profiles
MedNet GmbH*
Company Overview
Product Portfolio
Financial Performance
Recent Developments/Updates
Strategies
Valencell Inc.
Maxim Integrated
MediaTek Inc.
Silicon Laboratories Inc.
Murata Manufacturing Co. Ltd.
LifeQ Inc.
Texas Instruments Inc.
Fitbit, Inc.
Apple Inc.
“*” marked represents similar segmentation in other categories in the respective section.