Rise in Demand for Avalanche Photodiodes in Healthcare Devices to Increase Market Growth

·         There has been a growing demand for diagnostic devices in the healthcare sector in recent years. Photodiodes are used in medical instruments to measure oxygen concentration in blood. Avalanche photodiodes (APDs) are silicon-based solid-state detectors that convert photons into a charge current. They provide a compact, robust, magnetic field insensitive solution for light and x-ray detections with gains on the order of 100 and fast response times. Thus, APDs are extensively used in the healthcare sector. APDs offer numerous benefits in this sector, such as fast response time, high performance, and longer life.

·         Optics has affected people's lives by changing the practice of medicine and offering new approaches to major health problems, such as the treatment of heart disease, cardiovascular diseases, kidney stones, knee injuries, and eye diseases. The increasing use of optics and fiber optics has introduced less invasive ways of treating disease by replacing open surgery with minimally invasive therapies. Optics has enabled laser surgery, optical diagnostic techniques, and visualization of the body's interior. Avalanche photodiodes are integrated with the optical machines used during surgeries.

·         Various healthcare providers use APDs in healthcare devices to diagnose and monitor patients and employ immediate clinical management. Some leading companies have started developing various avalanche photodiodes for the healthcare sector. For instance, Hamamatsu Photonics K.K. developed a silicon-based avalanche photodiode (APD) for X‐ray timing measurements. The APD detector has a property for fast counting up to 108 counts per second using its output width, which is shorter than several nanoseconds.

Key Findings in the Global Avalanche Photodiodes Market Study

Germanium Segment Projected to Grow at Highest CAGR During Forecast Period

Based on material, the avalanche photodiodes market is segmented into silicon, InGaAs, germanium, and other materials. The germanium segment is expected to grow at the highest CAGR during the forecast period. Germanium photodiodes are commonly used to measure optical power in the NIR range, especially in cost-sensitive applications. The growth of this segment is attributed to various advantages offered by germanium photodiodes, such as lower shunt resistance, higher dark current, and higher noise levels.

Aftermarket Segment Projected to Grow at Highest CAGR During Forecast Period

Based on sales channel, the avalanche photodiodes market is segmented into OEMs and Aftermarket. The aftermarket segment is expected to grow at a higher CAGR during the forecast period. Aftermarket parts are usually less expensive than OEM parts. In addition, aftermarket parts provide higher quality. These factors drive the growth of this segment.

Healthcare Segment Projected to Grow at Highest CAGR During Forecast Period

Based on end user, the avalanche photodiodes market is segmented into aerospace & defense, commercial, healthcare, industrial, telecommunications, and other end users. The healthcare segment is expected to grow at the highest CAGR during the forecast period. The developments in organic APDs to develop compact, wearable sensors for medicine and sports applications drive the market demand. In addition, the need for highly integrated and efficient healthcare devices and the growing demand for connected devices and smart wearable technology solutions are expected to drive the demand for avalanche photodiodes from the healthcare sector.

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Asia-Pacific to Witness Fastest Market Growth Rate

Based on geography, Asia-Pacific is expected to grow at the highest CAGR during the forecast period. Mining, food processing, automotive, aerospace, electronics & semiconductors, and textile are some of the major industries in Asia-Pacific. These industries use various laser devices and optical scanners for inspection, scanning, mapping, and planning. These optical systems and devices use avalanche photodiodes, driving the growth of the avalanche photodiodes market in Asia-Pacific. Additionally, this regional market is expected to account for the largest share of the avalanche photodiodes market.

Key Players:

The key players operating in the avalanche photodiodes market are Lumentum Holdings Inc. (U.S.), Hamamatsu Photonics K.K. (Japan), Renesas Electronics Corporation (Japan), Excelitas Technologies Corp. (U.S.), First Sensor AG (Germany), Global Communication Semiconductors, LLC (U.S.), KYOTO SEMICONDUCTOR Co., Ltd. (Japan), Laser Components Germany GmbH (Germany), Luna Innovations Incorporated (U.S.), OSI Systems, Inc. (U.S.),  SiFotonics Technologies Co., Ltd. (U.S.), MACOM Technology Solutions Holdings, Inc. (U.S.), Infineon Technologies AG (Germany), Skyworks Solutions, Inc. (U.S.), ON SEMICONDUCTOR CORPORATION (U.S.), and Vishay Intertechnology, Inc. (U.S.).

Key Questions Answered in the Report-

·  Which are the high-growth market segments in terms of material, sales channel, end user, and geography?

·  What is the historical market size for the global avalanche photodiodes market?

·  What are the market forecasts and estimates for the period 2022–2029?

·  What are the major drivers, restraints, opportunities, and challenges in the global avalanche photodiodes market?

·  Who are the major players operating in the market, and what are their market shares?

·  Who are the major players in various countries?

·  How is the competitive landscape for the global avalanche photodiodes market?

·  What are the recent developments in the global avalanche photodiodes market?

·  What are the different strategies adopted by the major players operating in the market?

·  What are the key geographic trends, and which are the high-growth countries?

·  Who are the local emerging players in the global avalanche photodiodes market, and how do they compete with other players?

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