LEDs Used in Test/Measurement, Medical & Other Science Devices Market Forecast and Analysis 2021-2031

Abstract
10-Year Market Forecast
This market forecast report, which is available immediately, is part of a consultant service from ElectroniCast Consultants to our clients. This 2021-2031 market estimate and forecast is presented for our extensive study of the worldwide use of packaged Light Emitting Diodes (LEDs) in Test/Measurement, Medical and other Science devices.

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 LED market is segmented into the following sub-application categories:
Sensing/Detection and Analytical/Monitoring
Photo-therapy/Sanitation/Cell Regeneration/Curing
Instrumentation Light Source and Imaging

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

LED Level Quantified in the ElectroniCast Study
Below, are four levels (or “food chain”) of LEDs. For the purposes of this ElectroniCast study, we quantify and provide a market forecast for “Level 2”
Level 1 - The chip or die
Level 2 - The Packaged LED Chip(s)
Level 3 – LED module / LED Lamp
Level 4 - LED luminaire (light fixture/light fitting with LED module/lamp)

This report provides the market data by the following functions:
Consumption Value (US$, million)
Quantity (number/units)
Average Selling Prices (ASP $, each)

The value is determined by multiplying the number of units by the average selling price (ASP). The ASPs are based on the price of the packaged LED at the initial factory level. The value is then based on the end-use application and the end-use region.

Microsoft Excel- Data Base Structure At each database level, the ElectroniCast estimates and forecast for packaged LEDs is built from the bottom up, segmented by color–type, arranged in a hierarchy, of the end-user types (applications) that use devices that the LEDs are used in, and arranged in a hierarchy and summed upward. The estimates and forecast for each LED color-type in each region is in terms of quantity (unit/each), value (US$ Million) and average selling price.

Market analysis and technology forecasting are complex tasks. Any predictions of the shape and trends of technology and economic movement start from the notion that the germ of what will be important tomorrow is present, although smaller or larger or in a different form, in our environment today. However, taking as a basis for a prediction the assumptions of current, conventional belief create a set of preconceived notions that can lead to serious mistakes. ElectroniCast, instead, looks to the basic driving forces.
The future market for a particular type of LED consumed in selected medical and biophotonic devices depends on a number of factors, including: User equipment demand, for example – applications: Cosmetic surgery, Dermatology, Research & Development (lab); military/aeronautics, medical/dental, science disciplines and others.

Research Methodology – Information Base

This study is based on analysis of information obtained continually over the past several years, but updated through the beginning of May 2022. During this period, ElectroniCast analysts continued our interviews with authoritative and representative individuals in the following sectors relative to the use of LEDs: medical, science, bio-photonic, fiber optic sensors, display industry, instrumentation, R&D, university, military defense and government. The interviews were conducted principally with:
Engineers, marketing personnel and management at manufacturers of LED test/measurement & medical science equipment/devices and related equipment, as well as other technologies
Design group leaders, engineers, marketing personnel and market planners at major users and potential users of LEDs and biophotonic & medical science equipment/devices
Other industry experts, including those focused on standards activities, trade associations, and investments.
The interviews covered issues of technology, R&D support, pricing, contract size, reliability, documentation, installation/maintenance crafts, standards, supplier competition and other topics.
Customers and distributors also were interviewed, to obtain their estimates of quantities received and average prices paid. Customer estimates of historical and expected near term future growth of their application are obtained. Their views of use of new technology products were obtained.
The analyst then considered customer expectations of near-term growth in their application, plus forecasted economic payback of investment, technology trends and changes in government regulations in each geographical region, to derive estimated growth rates of quantity and price of each product subset in each application. These forecasted growth rates are combined with the estimated baseline data to obtain the long-range forecasts at the lowest detailed level of each product and application.

A full review of published information was also performed to supplement information obtained through interviews. The following sources were reviewed:
Professional technical journals and papers
Trade press articles
Technical conference proceedings
Product literature
Company profile and financial information
Additional information based on previous ElectroniCast market studies
Personal knowledge of the research team.
In analyzing and forecasting the complexities of the American and other geographical regional markets for light emitting diode products, it is essential that the market research team have a good and a deep understanding of the technology and of the industry. ElectroniCast members who participated in this report were qualified.
Coronavirus Adjustment

The coronavirus pandemic remains a major concern throughout the world. In some countries, many “non-essential” businesses are limited, employment is affected by “on and off again” quarantine or limited quarantine of the public. However, recently many governments have eased the quarantine status. Depending on political, economic, health and several other consideration factors, some restrictions could be extended several more months. Because of the impact on production, sales, shipment and implementation (and other) caused by the negative effects of the coronavirus (COVID-19) and the waves of multiple variants of the virus, ElectroniCast is forecasting a continued challenge to the consumption of new selected LED-based medical and biophotonic devices consumption in 2022.

ElectroniCast methodology in determining the downturn of the consumption (use) of LED-based professional production lighting in television/broadcast, motion pictures (film) and videography, begins with the volume (quantity) forecast, before any considerations of the coronavirus impact. Then, we evaluated current manufacturing (not only the complete lighting product, but selected relative components, products and services), inventory, distribution channels, shipping, logistics, sales/marketing channels, user restrictions, with the emphasis on actual possibility of installations for both essential and non-essential or selective implementation of the subjected applications or other. Other considerations include: financial/economy in general, employment (staffing) of all levels, such as technology research, design, implementation, production, marketing/sales, management, OEM capability and product/service demand, distributors, sales agents, customers (at all levels), and other concerns considered.

Russian invasion of Ukraine – Additionally, the Russian invasion of Ukraine has injected new uncertainty. This comes atop continued uncertainty about the evolution of COVID-19, even as the world makes its way out of the most recent variant. Supply chain disruptions also continue, distorting the price and availability of products.

Bottom-up Methodology ElectroniCast forecasts, as illustrated in the forecast data structure, are developed initially at the lowest detail level, then summed to successively higher levels. The background market research focuses on the amount of each type of product used in each application in the base year last year, and the prices paid at the first transaction from the manufacturer. This forms the base year data. ElectroniCast analysts then forecast the growth rates in component quantity use in each application, along with price trends, based on competitive, economic and technology forecast trends, and apply these to derive long term forecasts at the lowest application levels. The usage growth rate forecasts depend heavily on analysis of overall end user trends applicable products/applications and equipment usage and economic payback.

ElectroniCast, each year since 2002, has conducted extensive research and updated their forecasts of several LED lighting categories. As technology and applications have advanced, the number of component subsets covered by the forecasts has expanded impressively.

The calculation and analysis data spreadsheet technique is based upon input/output analysis, leveraging the quantitative consumption quantity, price and value of each item in each application at all levels to achieve reasonable quantitative conclusions; this interactive analysis concept, first applied on a major scale by Leonteff, of the US Department of Commerce, in the mid 1950s, was then adopted successfully by analyst/forecasting firms Quantum Science, Gnostic Concepts and (in 1981) by ElectroniCast

About ElectroniCast
ElectroniCast, founded in 1981, specializes in forecasting technology and global market trends in fiber optics communication components and devices, as well providing market data on light emitting diodes (LEDs) in various applcations.

As an independent consultancy we offer multi-client and custom market research studies to the world's leading companies based on comprehensive, in- depth analysis of quantitative and qualitative factors. This includes technology forecasting, markets and applications forecasting, strategic planning, competitive analysis, customer-satisfaction surveys and marketing/sales consultation. ElectroniCast, founded as a technology-based independent consulting firm, meets the information needs of the investment community, industry planners and related suppliers.

Proprietary Statement
All data and other information contained in this data base are proprietary to ElectroniCast and may not be distributed or provided in either original or reproduced form to anyone outside the client's internal employee organization, without prior written permission of ElectroniCast. ElectroniCast, in addition to multiple-client programs, conducts proprietary custom studies for single clients in all areas of management planning and interest. Other independent consultants, therefore, are considered directly competitive. ElectroniCast proprietary information may not be provided to such consultants without written permission from ElectroniCast.

Content
List of Tables
1.1.1 LEDs in Test/Measurement & Medical Science Devices Global Forecast, By Application ($, Million)
1.3.1 LED Color Variety – Selected Examples
1.3.2 LED Color Chart
2.1.1 LEDs in Test/Measurement & Medical Science Devices Global Forecast, By Application ($, Million)
2.1.2 LEDs in Test/Measurement & Medical Science Devices Global Forecast, By Application (Quantity)
2.1.3 LEDs in Test/Measurement & Medical Science Devices America Forecast, By Application ($, M)
2.1.4 LEDs in Test/Measurement & Medical Science Devices America Forecast, By Application (Qty)
2.1.5 LEDs in Test/Measurement & Medical Science Devices EMEA Forecast, By Application ($, Million)
2.1.6 LEDs in Test/Measurement & Medical Science Devices EMEA Forecast, By Application (Quantity)
2.1.7 LEDs in Test/Measurement & Medical Science Devices APAC Forecast, By Application ($, Million)
2.1.8 LEDs in Test/Measurement & Medical Science Devices APAC Forecast, By Application (Quantity)
2.2.1 LEDs in Sensing/Detection and Analytical/Monitoring Global Forecast, By Application ($, Million)
2.2.2 LEDs in Sensing/Detection and Analytical/Monitoring Global Forecast, By Application (Quantity)
2.2.3 LEDs in Sensing/Detection and Analytical/Monitoring America Forecast, By Application ($, Million)
2.2.4 LEDs in Sensing/Detection and Analytical/Monitoring America Forecast, By Application (Quantity)
2.2.5 LEDs in Sensing/Detection and Analytical/Monitoring EMEA Forecast, By Application ($, Million)
2.2.6 LEDs in Sensing/Detection and Analytical/Monitoring EMEA Forecast, By Application (Quantity)
2.2.7 LEDs in Sensing/Detection and Analytical/Monitoring APAC Forecast, By Application ($, Million)
2.2.8 LEDs in Sensing/Detection and Analytical/Monitoring APAC Forecast, By Application (Quantity)
2.2.9 Available LED Color and Wavelengths
2.2.10 Strain Sensing Technology Attributes Summary
2.3.1 LEDs in PDT/Sanitation/Cell Regeneration/Curing Global Forecast, By Application ($, Million)
2.3.2 LEDs in PDT/Sanitation/Cell Regeneration/Curing Global Forecast, By Application (Quantity)
2.3.3 LEDs in PDT/Sanitation/Cell Regeneration/Curing America Forecast, By Application ($, Million)
2.3.4 LEDs in PDT/Sanitation/Cell Regeneration/Curing America Forecast, By Application (Quantity)
2.3.5 LEDs in PDT/Sanitation/Cell Regeneration/Curing EMEA Forecast, By Application ($, Million)
2.3.6 LEDs in PDT/Sanitation/Cell Regeneration/Curing EMEA Forecast, By Application (Quantity)
2.3.7 LEDs in PDT/Sanitation/Cell Regeneration/Curing APAC Forecast, By Application ($, Million)
2.3.8 LEDs in PDT/Sanitation/Cell Regeneration/Curing APAC Forecast, By Application (Quantity)
2.3.9 Therapeutic Visible Light Spectrum
2.3.10 Eye Safety - Risk Classification
2.4.1 LEDs in Instrumentation Light Source and Imaging Global Forecast, By Application ($, Million)
2.4.2 LEDs in Instrumentation Light Source and Imaging Global Forecast, By Application (Quantity)
2.4.3 LEDs in Instrumentation Light Source and Imaging America Forecast, By Application ($, Million)
2.4.4 LEDs in Instrumentation Light Source and Imaging America Forecast, By Application (Quantity)
2.4.5 LEDs in Instrumentation Light Source and Imaging EMEA Forecast, By Application ($, Million)
2.4.6 LEDs in Instrumentation Light Source and Imaging EMEA Forecast, By Application (Quantity)
2.4.7 LEDs in Instrumentation Light Source and Imaging APAC Forecast, By Application ($, Million)
2.4.8 LEDs in Instrumentation Light Source and Imaging APAC Forecast, By Application (Quantity)
1.1.1 LEDs in Test/Measurement, Medical/Science Devices Global Forecast ($, Million)
1.1.2 LEDs in Test/Measurement, Medical/Science Devices Global Forecast, By Application ($, Million)
1.1.3 LEDs in Test/Measurement, Medical/Science Devices Global Forecast, By Region ($, Million)
1.1.4 LEDs in Test/Measurement, Medical/Science Devices Global Forecast, By Color ($, Million)
1.1.5 LEDs in Test/Measurement, Medical/Science Devices America Forecast, By Color ($, Million)
1.1.6 LEDs in Test/Measurement, Medical/Science Devices EMEA Forecast, By Color ($, Million)
1.1.7 LEDs in Test/Measurement, Medical/Science Devices APAC Forecast, By Color ($, Million)
1.2.1 Diagram of a typical LED chip
1.2.2 Diagram of schematic structure of AlGaN-based UV LED Chip
1.2.3 2D LED Structure - wavelength can be specifically influenced
1.2.4 LED Chip Cross-Sectional Structure
1.2.5 Electrostatic discharge (ESD) - Integrated Protection Devices for LEDs
1.2.6 Electrostatic Discharge Example
1.2.7 Chip-on-Board LED Technology
1.2.8 Chip-Scale Package (CSP) LEDs
1.2.9 High Performance LED
1.2.10 Surface Mounted Device (SMD) LED
1.2.11 Chip-On-Board and Multi-Chip on Board (COB/MCOB) LED
1.2.12 Tunable Chip-On-Board LEDs with Highly Efficient Color Mixing
1.2.13 COB Packaged LEDs Provide Natural Light Spectrum
1.2.14 Highest Efficacy 90 CRI Chip-on-Board LEDs
1.2.15 Quad Chip LED Arrays
1.2.16 Single Chip LED Arrays
1.2.17 LED Arrays
1.2.18 Resonant Cavity LED (RCLED) Technology
1.3.1 LED Chromatic Chart
1.3.2 Evolution of Research Emphasis During Technology Life Cycle
2.1.1 LEDs in Medical/Science Devices Global Forecast ($, Million)
2.1.2 LEDs in Medical/ Science Devices Global Forecast (Quantity/Units)
2.2.1 Chemiluminescence Imaging Systems
2.2.2 LED-induced chemiluminescence platform
2.2.3 LED-induced chemiluminescence Imaging
2.2.4 Laser Diode Based Chemiluminescent System
2.2.5 In vitro diagnostic (IVD) testing Tool
2.2.6 LED-based Monitoring Sensor
2.2.7 Light-Emitting Diode Detection and Ranging Board Modules
2.2.8 Light-Emitting Diode Detection and Ranging
2.2.9 Fluorescence detection of trace hydrazine vapor
2.2.10 Fabry-Perot Fiber-Optic Temperature-Sensor
2.2.11 Pre-clinical Transducer with Fiber Coating
2.2.12 Sealed-Gauge Fiber Optic Pressure Sensors
2.2.13 Seven (7) wavelengths acquire blood constituent data
2.2.14 Seven (7) wavelengths acquire blood constituent data
2.2.15 Oximeters - Upgradable Technology Platforms
2.2.16 LED-based Non-invasive Sensing
2.2.17 FLIPPER - light-emitting diode excites fluorescence in the sample flow cell
2.2.18 Blue and Green Excitation LEDs in Space
2.2.19 Nano-sized "carbon dots" glow brightly when exposed to light
2.2.20 Led-Based Direct Visualization of Tissue Fluorescence
2.2.21 LED-Based Cell Phone Sensor for Detection of E. coli
2.3.1 Comparison Graph - Mercury Lamps versus UV LEDs for Medical Curing
2.3.2 DEEP UV (DUV) LED (Surface mount devices / SMDs)
2.3.3 Application Examples for Deep UV (DUV) LEDs
2.3.4 Ultra Violet LED Array
2.3.5 Packaged UV-LED (4-chips)
2.3.6 UVA- LED Tube Lamp
2.3.7 UVC-LED Disinfection Module
2.3.8 70mW UV-C LED
2.3.9 UVC LED Reactor – Water Disinfection
2.3.10 UVC LED for effective disinfection solutions
2.3.11 Handheld LED Light Therapy Rejuvenation Device
2.3.12 Consumer-Level LED Face Mask
2.3.13 Neonatal Photo therapy Treatment (Blue LEDs)
2.3.14 Light doses range in LED Photo therapy
2.3.15 Skin treatment therapies Utilizing LED Photo-modulation: Typical LED array (Red)
2.3.16 Blue LED Arrays
2.3.17 Circadian PAR30 Gimbal Spot
2.3.18 Circadian Phototransduction
2.3.19 Circadian Phototransduction (Typical - versus HCL - LEDs)
2.3.20 Blue LED Teeth Whitening Device
2.3.21 Apparatuses (two) Containing Arrays of LEDs to Treat Mucositis
2.3.22 Light Therapy for traumatic brain injury (TBI)
2.3.23 Dentistry - Light Cure Unit (LCU) Explanation Illustration
2.3.24 Curing of 3D Printed Parts
2.3.25 Red, Green and Blue LED Light Sources – Biophotonics
2.4.1 Non-Coherent Illustration Options in Optical Microscopy
2.4.2 Fluorescence Microscopy – Lamphouse Anatomy with LEDs
2.4.3 LEDs – Different Colors for Fluorescence Microscopy Applications
2.4.4 LED Light Source for Fluorescence Microscopy
2.4.5 LED-Based Fiber Optic Illuminator
2.4.6 LED versus Tungsten used in Slit Lamps Retina Observation
2.4.7 Fiber Optic Light Module for medical illumination
2.4.8 LED-Based Fiber Optic Illuminator
2.4.9 Holographic Bioimaging – Concept Image
2.4.10 Example of Color Rendering in Medical Surgery
2.4.11 LED-Based Surgical Lighting
2.4.12 LED-Based Surgical Lighting
2.4.13 Reflector-Part of a LED-Based Surgical Light
2.4.14 Homogenous Beam of LED Light and Light Heads
2.4.15 LED- Surgery Lighting: Output rated at 100,000 LUX; 4,300° Kelvin pure white illumination
2.4.16 Medical Examination Lighting
2.4.17 LED-based Surgical Headlamp
3.1 Market Research & Forecasting Methodology