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7 February 2014

LEDs usage in medical & biophotonic devices grows 19.8% to $77.3m in 2013

Global consumption of packaged light-emitting diodes (LEDs) used in biophotonic and medical devices grew 19.8% in 2013 to $77.3m, according to a new market study from ElectroniCast Consultants.

The forecast data are segmented into the following sub-application categories: Sensing/Detection and Analytical/Monitoring; Phototherapy/Sanitation/Cell Regeneration/Curing; and Instrumentation Light Source and Imaging.

Sensing/detection and analytical/monitoring comprised 62% of packaged LEDs value in biophotonic and medical science devices in 2013.

Picture: Sensing/detection and analytical/monitoring comprised 62% of packaged LEDs value in biophotonic and medical science devices in 2013.

According ElectroniCast, Sensing/Detection and Analytical/Monitoring devices comprised 62% of worldwide consumption (by value) of packaged LEDs in the selected and medical science and biophotonic devices in 2013. In 2020, LEDs used in Sensing/Detection and Analytical/Monitoring are forecast to decrease in market share, while still rising threefold in consumption value.

Consumption of LEDs in Phototherapy/Sanitation/Cell Regeneration/Curing applications, which include water treatment, medical, health & beauty photodynamic therapy (PDT) as well as curing methods, is forecast to growth at more than 30% from $25.78m (33% market share) in 2013. LEDs used in Instrumentation Light Sources and Imaging grew from $3.18m in 2012 to $4.09m in 2013 (5% market share).

By region, the Americas commands well over 40% global market share in 2013. However, both the EMEA (Europe, Middle East and Africa) and APAC (Asia-Pacific) regions market are forecast to grow at a faster rate.

Tags: LEDs market Medical LEDs

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