ElectroniCast projects USD 325M 2019 market for LEDs in life-science applications

The market for LEDs in biophotonic and medical devices will grow by more than a factor of five between 2012 and 2019 although lower component costs will hide what is an even larger increase in the number of LEDs consumed in life-science applications. ElectroniCast Consultants has published research entitled "LEDs used in biophotonic and medical devices" that projects a $324.7 million dollar market for LEDs in 2019 growing from $64.5 million in 2012. The Americas region currently accounts for 40% of the market, although the EMEA (Europe, the Middle East, and Africa) and APAC (Asia Pacifica) regions will be key to the projected growth.