LEDs in Test/Measurement & Medical and other Science devices reached $345 million in 2016

ReportsWorldwide has announced the addition of a new report title LEDs in Test/Measurement, Medical/Science Market Forecast to its growing collection of premium market research reports.

Last year, the global consumption value of packaged LED chips in the selected devices reached $345 million. The value will continue to increase in most product categories, with strong quantity growth as well, partially offset by a decline of average prices (especially during the 2016-2021 timeframe).

The market data for are also segmented by the following colors (type): Red, Green, Blue, White, Multiple Color/Multiple Chip, and UV and others.

According to the study, the worldwide value of UV-LED packaged chips used specifically for test/measurement, medical and other science applications is forecast to reach nearly $330 million in 2026. “Many devices, which have traditionally used mercury (Hg)-vapor Ultraviolet (UV) lamps are now utilizing LEDs, capable of producing UV radiation,” said Stephen Montgomery, president of the California-based consultancy ElectroniCast.

To view a detailed description and Table of Contents please visit: https://www.reportsworldwide.com/report/leds-used-in-testmeasurement-medical--other-science-devices-2016---2026

This LED market study is also segmented into the following major application categories:
• Sensing/Detection and Analytical/Monitoring
• Photo-therapy/Sanitation/Cell Regeneration/Curing
• Instrumentation Light Source and Imaging

Sensing/Detection and Analytical/Monitoring applications, in 2016, represented 29.5 percent of the worldwide consumption value of packaged LED chips in the selected test/measurement and medical/science devices. In 2021, the relative market share of LEDs used in the Sensing/Detection and Analytical/ Monitoring applications is forecast to increase to 35.3 percent, and increase further in value in 2026.

Also, covered in the study are the use of LEDs in horticulture, sterilization of surface areas, air and water, medical, health & beauty Photodynamic Therapy (PDT), as well as medical/science curing, and several other uses. LEDs used in Instrumentation Light Sources and Imaging devices are forecast to increase in value by a multiple factor of over 4x over the next 10-years.

This year (2017), the America region is projected to hold a 36% share of worldwide quantity of LEDs in selected test/measurement and medical/science devices. The Europe, Middle East and Africa (EMEA) region is forecast for aggressive growth. “The Asia Pacific region (APAC) is forecast to eventually take-over the lead in relative market share,” Montgomery added.

To enquire about this Report please visit @ https://www.reportsworldwide.com/enquiry?report_id=21077

The market data are segmented into the following geographic regions, plus a Global summary:

• North, Central and South America (America)
• Europe, plus Middle Eastern and African countries (EMEA)
• Asia Pacific (APAC)

The 274 page report also has the below addendum:

• 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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This release was published on openPR.