Boston, MA -- (SBWire) -- 10/25/2016 --This report provides the research findings of the study of the worldwide consumption of packaged Light Emitting Diodes (LEDs) in Test/ Measurement and Medical Science Devices. It provides global market data covering the years 2015-2022.
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The global consumption value of LEDs in selected test/measurement and medical science devices in 2015 was $131 million. The consumption value is forecast to increase at an average annual growth rate of 19.3 percent to $451 million in 2022, with strong quantity growth partially offset, by a decline of average prices. Market forecast data refers to consumption (use) for a particular calendar year; therefore, this data is not cumulative data.
The LED market forecast data are segmented into the following sub-application categories:
- Sensing/Detection and Analytical/Monitoring
- Photo-therapy/Sanitation/Cell Regeneration/Curing
- Instrumentation Light Source and Imaging
According to the report, Sensing/Detection and Analytical/Monitoring applications, in 2015, represented 50 percent of the worldwide consumption value of packaged LEDs in the selected test/measurement and medical science devices. In 2022, the relative market share of LEDs used in the Sensing/Detection and Analytical/ Monitoring applications is forecast to decrease; however, will increase substantially in consumption value.
The consumption of LEDs in Phototherapy/Sanitation/Cell Regeneration/Curing application category, which includes water treatment, medical, health & beauty Photodynamic Therapy (PDT), as well as curing methods, is forecast with strong annual growth of nearly 20 percent during 2015-2022.
LEDs used in Instrumentation Light Sources and Imaging devices reached $6.6 million in 2015 (up from $5.2 million in 2014).
In addition to the pdf report, it also contains:
- Excel Data Base Spreadsheets (Global Market Forecast)
- Detailed Data: ASP ($, each); Quantity (Million); Value ($, Million) for all Regions
- Power Point Market Data Figures (Global Market Forecast)
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LEDs in Test/Measurement & Medical Science Devices Market to Reach $451 Million in 2022
ReportsWorldwide has announced the addition of a new report title LEDs Used in Test/Measurement & Medical Science Devices Market Forecast and Analysis 2015-2022 to its growing collection of premium market research reports.