ElectroniCast Consultants, a market & technology forecast consultancy, announced the results of their study of the global market consumption of packaged LEDs used in selected Test/Measurement & Medical Science Devices.

The number of LEDs used in 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.

Figure 1
LEDs Used in Test/Measurement & Medical Science Application/Devices
Global Market Forecast (Number of LEDs, Million)