Market Report
The Biomedical Research Market
Medical R&D is a market in its own right, and subject to cycles in funding.
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There are two biomedical optics markets: patient care, and research into new discoveries and tools (see “The Two Biomedical Markets, OPN, April 2024, p. 24). Research is not like most markets. Corporations and government agencies direct and fund the research, which is performed as a service. The outputs include discovery, intellectual property, and talent in the form of graduates.
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