Building Brand Awareness in 2025
Increasing brand awareness is a top goal for B2B companies in 2025. But what is a brand? And how can you evolve it to meet your changing company...
2 min read
Michele Nichols Tue, Aug 01, 2017
The medical device market continues its slow and steady growth—projected at 2.8% annually for the next five years—making it an attractive and sustainable space for optics companies positioned to fill emerging needs. But where exactly does your company fit?
Some of the biggest trends in medical device this year are promising for optical component manufacturers:
Ongoing trends such as innovation in telemedicine and disposables will continue to create significant opportunity as optics companies help tackle imaging and miniaturization challenges in these spaces. One startup partnered with an optics company to rethink the otoscope in a smartphone for examination of the ear and throat. Another molded optics company designed a smartphone-based spectrometer for life science applications, allowing for in-line food quality inspection. While time to production is particularly lengthy in medical device and life sciences, early-stage involvement can build a long-term relationship and a steady growth market opportunity.
Anecdotal evidence suggests that many medical device companies are still unaware that optics are a key driver in meeting their performance and design goals. Optics companies have the opportunity to educate on the principles, not just the product.
Finding your business’s “sweet spot” within the changing medtech landscape requires an investment in customer-focused research. By first understanding the needs of your customer base, you can optimize your product development as well as your marketing strategy.
Read our previous post on positioning in emerging markets to learn more.
Our Positioning Guide can help you find your company's sweet spot in a new market. Download it here:
Increasing brand awareness is a top goal for B2B companies in 2025. But what is a brand? And how can you evolve it to meet your changing company...
Why Even Innovation Powerhouses Struggle to Launch Breakthrough Products (and How to Fix It) In recent years, product launches have slowed. Even...
We work with B2B leaders every day who have extensive marketing data, but don't know what to make of it. It's hard to know you're on track to meet...