Introduction There are many things that we use but have never stopped to question their origin or how they work. We quite often use CD and laser pointers but have never bothered to question about how they came to existence. Many health care institutions have embraced the use of laser technology in trying to give medical care to their students. This research paper will entail giving background or history of development of laser technology and why the developments cannot be dispensed with, the developments will try to explain the underlying optoelectronic and photonic principles and how the concepts of physics and materials were translated into a technology. The barriers that were encountered during the evolution of the technology and how these obstacles were overcome will also be brought into perspective. Nevertheless, the impacts of the technology with respect to new technology, its growth into other technologies and market will be illuminated by this research paper. The paper will endeavor to quantify the market size of this technology. The paper will finally list what has been learnt from the exercise and the future of the technology and the input of the students towards actualization of these aspirations. History and development in laser technology There have been major historical developments in laser technology. Einstein (1917) pioneered the research in laser technology when he came up with the idea of stimulated emission which had much to do with systems near equilibrium. This explains why laser was not basically invented in the 17 th century as laser is a none equilibrium system. Townes, Basov, and Prokhorov (1964) work contributed to the construction of lasers. The three came up with the theory of lasers and gave details of how laser could be built from maser. It is indeed Maiman (1960) who built the first functioning laser. This induced the building of clumsy lasers that were witnessed on the onset of 1960. Townes et al theory of the laser effect still stands to describe all lasers in day to day use. Gabor invented the basic ideas surrounding the holographic method, a very important application of laser technology. It started as a simple technique for creating 3-D pictures but has advanced to become an essential device for observing vibrating bodies. The modern day musical instruments make much use of the holograms. To help avert surging crime levels in the society, holograms have been used in making credit cards and identity documents to make them forgery proof. Bloembergen and Schawlow (1981) are credited for their efforts in development of laser spectroscopy which has extensively been used in non linear optics where laser beams have permanently been joined hence steering of light beam by another. This technology has proved helpful in optical fiber technology specifically in broadband application where myriad switches and amplifiers integrate aspects of nonlinear optical effects. Chu, Cohen-Tannoudji and Phillips (1997) came up with methods of cooling and trapping atoms with the help of laser light. By doing this, the atoms become induced hence relinquish their heat energy to laser light. The atoms ultimately reach lower temperatures and aggregate. This serves to reveal some innermost aspects of the atoms nature. Alferov and Kroemer (2000) invented semi conductor physics. Much of their work revolved around studying substances that were initially used in building semi conductor lasers. Their work has transformed the use of laser technology as many cheap and portable devices can now be made hence the beginning of optical information systems. From their