“The FDA regulates electronic products that emit radiation (both non-medical and medical products) through the Electronic Product Radiation Control Provisions, which were originally enacted as the Radiation Control for Health and Safety Act. Certain electronic products may also be regulated as medical devices. The FDA is responsible for regulating firms who manufacture, repackage, relabel, and/or import medical devices sold in the United States.”
According to the report, Increasing Adoption of UV-C LED in Medical Industry for Sterilization and Disinfection Applications is one of the primary growth factors for the market. Growing Demand for Environmentally Friendly Methods of Producing UV Light
is also expected to contribute significantly to the UV LED market. Overall, Curing
applications of UV LED, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Sales Channel, such as Online, is boosting the UV LED market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMAs Analyst on the Global UV LED market identified that the demand is rising in many different parts of the world as "Rise In Popularity Of UV LED In Water Purification Systems
". Furthermore, some recent industry insights like "On September 21, 2021, ProPhotonix Limited announced COBRA Cure FX4, an addition to its range of UV LED curing systems. The COBRA Cure FX4 is a compact UV LED lamp solution that can be used for small to large format digital printers as well as high speed, single-pass industrial print or coatings applications. With COBRA Cure FX4, the entire UV LED lamp has been optimized to produce an ideal cure offering equipment manufacturers the opportunity to gain a competitive edge." which is constantly making the industry very dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global UV LED market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2020 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the UV LED market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall UV LED market size is calculated using market estimation process, the UV LED market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global UV LED market size has been validated using both top-down and bottom-up approaches.