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U.S. PPG Biosensors Market Size, Share & Trends Analysis Report by Product (Pulse Oximeters, Smart Watches), Application (Heart Rate Monitoring, Blood-Oxygen Saturation, Blood Pressure), and Segment Forecasts, 2024-2030

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    Report

  • 85 Pages
  • May 2024
  • Region: United States
  • Grand View Research
  • ID: 5976522
The U.S. PPG biosensors market size is anticipated to reach USD 340.1 million by 2030, registering a CAGR of 12.7% from 2024 to 2030. The use of photoplethysmography (PPG) technology as an alternative heart rate monitoring strategy has increased rapidly due to the ease of use and cost-effectiveness, rising prevalence of cardiovascular disorders (CVDs), and high adoption of wearable devices & smart watches. Photoplethysmography technology offers flexibility, enabling its integration into various devices, such as watches, rings, patches, and earbuds. Several cardiac rhythm indicators, including heart rate (HR), heart rate variability (HRV), blood-volume saturation, and respiration rate (RR), had emerged as potential markers for COVID-19 infection.

Smart wearables equipped with PPG technology already measure these vital signs. In May 2019, Masimo received FDA clearance for its Tetherless Radius PPG sensors. These sensors enable the placement of point-of-care monitors outside a patient's room, ensuring constant monitoring from a safe distance. The increasing prevalence of CVDs is expected to be a major factor propelling the growth of this market over the forecast period. According to the CDC, approximately 695,000 of the U.S. inhabitants die from CVDs.

U.S. PPG Biosensors Market Report Highlights

  • The smart watches segment held the largest share of more than 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 held the largest share in 2023 and is anticipated to witness considerable growth over the forecast period
  • The blood-oxygen saturation segment is anticipated to witness the fastest growth rate from 2024 to 2030
  • In November 2023, GE HealthCare and Masimo collaborated to integrate Masimo SET Pulse Oximetry technology into the GE HealthCare Portrait Mobile Platform. It is aimed to incorporate Masimo's advanced pulse oximetry capabilities into GE HealthCare's wireless and wearable devices, enabling users to monitor vital signs, such as heart rate and blood oxygen levels, with high precision

Table of Contents

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Segment Definitions
1.2.1. Product
1.2.2. Application
1.2.3. Estimates and Forecasts Timeline
1.3. Research Methodology
1.4. Information Procurement
1.4.1. Purchased Database
1.4.2. Internal Database
1.4.3. Secondary Sources
1.4.4. Primary Research
1.4.5. Details of Primary Research
1.5. Information or Data Analysis
1.5.1. Data Analysis Models
1.6. Market Formulation & Validation
1.7. Model Details
1.7.1. Commodity Flow Analysis (Model 1)
1.7.2. Volume Price Analysis (Model 2)
1.8. List of Secondary Sources
1.9. List of Primary Sources
1.10. Objectives
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segment Outlook
2.2.1. Product Outlook
2.2.2. Application Outlook
2.3. Competitive Insights
Chapter 3. U.S. PPG Biosensors Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Parent Market Outlook
3.1.2. Related/ancillary Market Outlook
3.2. Market Dynamics
3.2.1. Market Driver Analysis
3.2.1.1. Increasing Prevalence of Cardiovascular Diseases
3.2.1.2. Ease of Use and Cost-effectiveness
3.2.1.3. Rising Adoption of Wearable Devices and Smart Watches
3.2.2. Market Restraint Analysis
3.2.2.1. Data Security and Privacy Concerns
3.2.2.2. Limited Data Validation
3.3. U.S. PPG Biosensors Market Analysis Tools
3.3.1. Industry Analysis - Porter's
3.3.1.1. Supplier Power
3.3.1.2. Buyer Power
3.3.1.3. Substitution Threat
3.3.1.4. Threat of New Entrant
3.3.1.5. Competitive Rivalry
3.3.2. PESTEL Analysis
3.3.2.1. Political Landscape
3.3.2.2. Technological Landscape
3.3.2.3. Economic Landscape
Chapter 4. U.S. PPG Biosensors Market: Product Estimates & Trend Analysis
4.1. Product Market Share, 2023 & 2030
4.2. Segment Dashboard
4.3. U.S. PPG Biosensors Market by Product Outlook
4.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the Following
4.4.1. Pulse Oximeters
4.4.1.1. Market Estimates and Forecasts 2018 to 2030 (USD Million)
4.4.2. Smart Watches
4.4.2.1. Market Estimates and Forecasts 2018 to 2030 (USD Million)
4.4.3. Wrist Bands
4.4.3.1. Market Estimates and Forecasts 2018 to 2030 (USD Million)
4.4.4. Others
4.4.4.1. Market Estimates and Forecasts 2018 to 2030 (USD Million)
Chapter 5. U.S. PPG Biosensors Market: Application Estimates & Trend Analysis
5.1. Application Market Share, 2023 & 2030
5.2. Segment Dashboard
5.3. U.S. PPG Biosensors Market by Application Outlook
5.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the Following
5.4.1. Heart Rate Monitoring
5.4.1.1. Market Estimates and Forecasts 2018 to 2030 (USD Million)
5.4.2. Blood-Oxygen Saturation
5.4.2.1. Market Estimates and Forecasts 2018 to 2030 (USD Million)
5.4.3. Blood Pressure
5.4.3.1. Market Estimates and Forecasts 2018 to 2030 (USD Million)
5.4.4. Others
5.4.4.1. Market Estimates and Forecasts 2018 to 2030 (USD Million)
Chapter 6. Competitive Landscape
6.1. Recent Developments & Impact Analysis, by Key Market Participants
6.2. Company/Competition Categorization
6.3. Vendor Landscape
6.3.1. List of Key Distributors and Channel Partners
6.3.2. Key Customers
6.4. Company Profiles
6.4.1. Masimo Corporation
6.4.1.1. Company Overview
6.4.1.2. Financial Performance
6.4.1.3. Product Benchmarking
6.4.1.4. Strategic Initiatives
6.4.2. Valencell. Inc.
6.4.2.1. Company Overview
6.4.2.2. Financial Performance
6.4.2.3. Product Benchmarking
6.4.2.4. Strategic Initiatives
6.4.3. Maxim Integrated
6.4.3.1. Company Overview
6.4.3.2. Financial Performance
6.4.3.3. Product Benchmarking
6.4.3.4. Strategic Initiatives
6.4.4. Nonin Medical, Inc.
6.4.4.1. Company Overview
6.4.4.2. Financial Performance
6.4.4.3. Product Benchmarking
6.4.4.4. Strategic Initiatives
6.4.5. Rockley Photonics
6.4.5.1. Company Overview
6.4.5.2. Financial Performance
6.4.5.3. Product Benchmarking
6.4.5.4. Strategic Initiatives
6.4.6. Omron Healthcare
6.4.6.1. Company Overview
6.4.6.2. Financial Performance
6.4.6.3. Product Benchmarking
6.4.6.4. Strategic Initiatives
6.4.7. BioTech Instruments, Inc.;
6.4.7.1. Company Overview
6.4.7.2. Financial Performance
6.4.7.3. Product Benchmarking
6.4.7.4. Strategic Initiatives
6.4.8. CureX, Inc.
6.4.8.1. Company Overview
6.4.8.2. Financial Performance
6.4.8.3. Product Benchmarking
6.4.8.4. Strategic Initiatives
6.4.9. Preventice Solutions
6.4.9.1. Company Overview
6.4.9.2. Financial Performance
6.4.9.3. Product Benchmarking
6.4.9.4. Strategic Initiatives
List of Tables
Table 1 List of Abbreviations
Table 2 U.S. PPG Biosensors Market, by Product, 2018-2030 (USD Million)
Table 3 U.S. PPG Biosensors Market, by Application, 2018-2030 (USD Million)
List of Figures
Figure 1 Market Research Process
Figure 2 Data Triangulation Techniques
Figure 3 Primary Research Pattern
Figure 4 Market Research Approaches
Figure 5 Value-chain-based Sizing & Forecasting
Figure 6 QFD Modeling for Market Share Assessment
Figure 7 Market Formulation & Validation
Figure 8 U.S. PPG Biosensors Market: Market Outlook
Figure 9 U.S. PPG Biosensors Competitive Insights
Figure 10 Parent Market Outlook
Figure 11 Related/ancillary Market Outlook
Figure 12 Penetration and Growth Prospect Mapping
Figure 13 U.S. PPG Biosensors Market Driver Impact
Figure 14 U.S. PPG Biosensors Market Restraint Impact
Figure 15 U.S. PPG Biosensors Market: Product Movement Analysis
Figure 16 U.S. PPG Biosensors Market: Product Outlook and Key Takeaways
Figure 17 Pulse Oximeters PPG Biosensors Market Estimates and Forecast, 2018-2030
Figure 18 Smart Watches PPG Biosensors Estimates and Forecast, 2018-2030
Figure 19 Wrist Bands PPG Biosensors Market Estimates and Forecast, 2018-2030
Figure 20 Others PPG Biosensors Estimates and Forecast, 2018-2030
Figure 21 U.S. PPG Biosensors Market: Application Movement Analysis
Figure 22 U.S. PPG Biosensors Market: Application Outlook and Key Takeaways
Figure 23 Heart Rate Monitoring Market Estimates and Forecasts, 2018-2030
Figure 24 Blood-oxygen Saturation Market Estimates and Forecasts 2018-2030
Figure 25 Blood Pressure Market Estimates and Forecasts 2018-2030
Figure 26 Others Market Estimates and Forecasts 2018-2030
Figure 27 Market Share of Key Market Players- U.S. PPG Biosensors Market

Companies Mentioned

  • Masimo Corporation
  • Valencell. Inc.
  • Maxim Integrated
  • Nonin Medical, Inc.
  • Rockley Photonics
  • Omron Healthcare
  • BioTech Instruments, Inc.;
  • CureX, Inc.
  • Preventice Solutions

Methodology

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Table Information