According to the American Academy of Ophthalmology, the 66.4 percent increase in myopia in Americans since the 1970s, as reported in the recent National Eye Institute (NEI) study, is significant and will impact healthcare costs as well as vision quality.
Fiber optics work on the principle of total internal reflection, in which light is enclosed in an element encased by glass in air of low refractive index. Although, the basic technology remains the same, present day glass fibers are much more tensile, cost efficient and effective. The ongoing progress in the field of medical fiber optics has led to the development of inexpensive lasers for photodynamic therapy, fiber miniaturization, and complex data paths. The need for minimally invasive, small and efficient optical fibers is fast gaining importance with the growing need for minimally invasive surgery and diagnostics.
Endoscopy systems occupy a significant position in the medical device market with applications extending over several areas in medical surgery. The market is driven by an aging population, demand for preventive screening procedures such as colorectal screening, and growing awareness among people towards this medical discipline. Endoscopic procedures are less risky, less painful, and involve lesser patient recovery period, when compared to traditional methods.
It's important to finish what you start, say Jeong-Sun Ju and researchers from Washington University School of Medicine, St. Louis
Southridge LLC ("Southridge"), an investment firm that provides financing to small-cap and micro-cap companies, is pleased to announce that its affiliated fund has closed a private agreement which can provide up to $15 million in equity financing to Imaging Diagnostic Systems, Inc. (OTCBB: IMDS).
Sword Diagnostics, Inc. is pleased to announce that the United States Patent Office (USPTO) has issued patent number 7,599,057 titled "Method and Apparatus for Detection of Biological Organisms using Raman Scattering" to the company. The patent covers the core technology which focuses on improved sensitivity.
The Eye-POD Eye Care Kit has just been created by an entrepreneurial R&D company in Florida, Hot Ideas World, Inc.
Joint project between PTB and its US counterpart NIST might advance simple and cost effective diagnostical methods
In addition to ageing demographics and higher incidence of vision disorders, key factors underpinning demand for ophthalmic instrumentation include development of innovative technologies and procedures, especially in vision correction surgery, growing recognition of laser surgery, and the trend towards permanent visual correction. The surgical vision correction market is set to change with continuing acceptance of customized ablation, wavefront analysis technology, and intralase technology. Treatment of cataracts is one of the most important segments of the ophthalmic surgical devices market. Extraction of cataract and IOL implantation is one of the most widely performed procedures in the western world.
The US markets for ear, nose, and throat (ENT) and bronchoscopy devices will grow moderately through 2013. The ENT market will be far larger than the market for bronchoscopy devices and will also expand more rapidly, reaching a value of more than $360 million dollars by 2013.
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