The worldwide consumption value of LEDs in biophotonic and medical devices reached US$77.3 million, an increase of 19.8% versus 2012, according to ElectroniCast Consultants.
The consumption of LEDs in sensing/detection and analytical/monitoring devices in 2013 represented 62% of the worldwide consumption value of packaged LEDs in the selected and medical science and biophotonic devices. In 2020, the relative market share of LEDs used in the sensing/detection and analytical/ monitoring applications is forecast to decrease in market share, but will increase by a multiple of over three times in consumption value, the firm said.
The consumption of LEDs in phototherapy/sanitation/cell regeneration/curing application category, which includes water treatment, medical, health & beauty photodynamic therapy (PDT), as well as curing methods, is forecast with growth of over 30% increasing from US$25.78 million. LEDs used in instrumentation light sources and imaging devices increased in value to US$4.09 million in 2013 (up from US$3.18 million in 2012).
The US region currently commands well over 40% share of the worldwide market in 2013; however both the EMEA region and the APAC region are forecast for faster growth, the firm added.
