Upper Lake, CA (USA) -- ElectroniCast Consultants, a leading market/technology consultancy, today announced the release of a new market study of the global consumption of packaged light emitting diodes (LEDs) used in Biophotonic and Medical Science devices.

Last year in 2013, the worldwide consumption value of LEDs in biophotonic and medical devices reached $77.3 million, an increase of 19.8% versus 2012.

The LED market forecast data are segmented into the following sub-application categories:

- Sensing/Detection and Analytical/Monitoring
- Photo-therapy/Sanitation/Cell Regeneration/Curing
- Instrumentation Light Source and Imaging

According ElectroniCast, the consumption of LEDs in Sensing/Detection and Analytical/Monitoring devices in 2013, represented 62 percent 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; however, will increase by a multiple of over 3x in consumption value.

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 strong growth of over 30% increasing from $25.78 million. LEDs used in Instrumentation Light Sources and Imaging devices increased in value to $4.09 million in 2013 (up from $3.18 million in 2012).

The American region currently commands well-over 40 percent share of worldwide market in 2013; however the both the EMEA region and the APAC region are forecast for faster growth.