News

18 November 2009

 

LEDs used in test/measurement & medical science to grow at 30.7% to 1.8bn in 2012

The number of packaged LEDs used worldwide in test/measurement equipment & medical science (devices/equipment) reached 468.5 million in 2008 and is forecasted rise at an annual growth rate of 30.7% to 1.783 billion in 2012 (see Figure), according to a new report from market research firm ElectroniCast Consultants.  

Graphic: LEDs (in millions) used in test/measurement & medical science application/devices.

“In terms of volume (quantity) the sensing/detection and analytical/monitoring applications, in 2008, represented nearly 60% share of worldwide consumption of LEDs used in the selected devices,” says Stephen Montgomery, president of ElectroniCast – International Business. “This exciting market segment provides LEDs in advanced medical devices such as blood sensors to quality control in manufacturing processes to innovative technology for detection of greenhouse gases,” he adds.

“Another interesting market segment to watch is the use of LEDs in photodynamic therapy (PDT) devices, which are increasing at the fastest pace,” he continues. “The end-user devices range from small hand-held consumer products to large floor models used by dermatologist, dentists, cosmetologists and other professional disciplines. We see this particular market segment increasing 6x globally and at a multiple of nearly 8x in the American region over the next five-years.”

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