The use of laser technology is continually expanding in the Life and Health Sciences field. Newport provides photonics products for diagnostic and analytical applications, cosmetic and therapeutic processes and imaging at the cellular and subcellular levels. Most of Newport's lasers and photonics products are sold to original equipment manufacturers, which are rapidly developing new photonics-based diagnostic tools and therapeutic instruments to replace older technologies. Newport’s served available market in Life and Health Sciences is currently approximately $650 million per year, growing at an annual rate of approximately 12%. The company’s sales to this market grew approximately 22% in 2006 compared with 2005 and were approximately 17% of its 2006 net sales.
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