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Delivering Optical Devices to the Medical Market

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Optics and photonics technologies are particularly well-suited for clinical use given their capacity for noninvasive diagnosis, therapy and treatment. Medical applications continue to expand from optical coherence tomography and imaging to optical fibers and lasers for surgery, and now the explosion in wearable devices.

MARIE FREEBODY, CONTRIBUTING EDITOR, [email protected]

Medical optics is big business. The global market for medical device technologies is expected to reach $538.7 billion in 2018, registering a compound annual growth rate (CAGR) of 5.5 percent over five years, according to market analysts at BCC Research. It’s not just patients and health-care professionals who are creating the demand — an emerging trend in wearable medical devices is set to flood the market in the coming years. Such devices are being created to track and analyze information about a person’s health, from respiration rates to glucose levels. This data can...Read full article

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