LEDs Used in Test/Measurement & Medical Science Devices Global Market Forecast

Nov. 16, 2009
Date Announced: 16 Nov 2009 LEDs Used in Test/Measurement & Medical Science Devices – Global Market Forecast Upper Lake, CA (USA) -- ElectroniCast Consultants, a leading market & technology forecast consultancy, today announced the results of their study of the global market consumption of packaged Light Emitting Diodes (LEDs) used in selected Test/Measurement & Medical Science Devices. The number of LEDs used test/measurement equipment & medical science (devices/equipment) in 2008 reached 468.5 million, as shown in Figure 1. The worldwide use is forecasted to increase at an annual growth rate of 30.7 percent, to reach 1.783 billion in 2012. “In terms of volume (quantity) the Sensing/Detection and Analytical/Monitoring applications, in 2008, represented nearly 60 percent share of worldwide consumption of LEDs used in the selected devices,” said Stephen Montgomery, president of ElectroniCast – International Business at the consultancy. “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, just to name a few.” “Another interesting market segment to watch is the use of LEDs in Photodynamic Therapy (PDT) devices, which are increasing at the fastest pace. 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 8-times in the American region over the next five-years,” Montgomery said. This market forecast report is available immediately, at a fee of $3,800, from ElectroniCast Consultants. ElectroniCast Consultants – www.electronicast.com specializes in forecasting trends in technology forecasting, markets and applications forecasting, strategic planning and consulting. ElectroniCast Consultants, as a technology-based independent forecasting firm, serves industrial companies, trade associations, government agencies, communication and data network companies and the financial community. Reduction of the risk of major investment decisions is the main benefit provided. ElectroniCast Consultants’ goal is to understand the challenges and opportunities facing clients and to provide timely, accurate information for strategic planning.

Theresa Hosking, Director Sales & Marketing ElectroniCast Consultants PH: 707/275-9397

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