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Symbol OSIS
Name OSI Systems, Inc.
Currency USD
Sector Information Technology
IndustryGroup Technology Hardware & Equipment
Industry Electronic Equipment, Instruments & Components
Market NASDAQ Global Select
Country United States
State CA
City Hawthorne
Zipcode 90250
Website http://www.osi-systems.com
The healthcare IT integration market is projected to grow from $4.38 billion in 2023 to $8.18 billion by 2028, driven by the rapid adoption of electronic health records and advancements in interoperability. Key trends include a focus on patient-centric integration, precision medicine, and AI-driven analytics. Major players in the market include Infor Inc., Cerner Corporation, and Oracle Corporation, among others.
OSI Systems has secured a $6 million order for optical sensors from a leading healthcare equipment manufacturer, reinforcing its commitment to the healthcare sector. The company reported a 23% revenue growth in Q1 FY2025, reaching $344 million, and raised its revenue forecast for the fiscal year. With a strong order backlog of $1.8 billion and positive analyst sentiment, OSI Systems is positioned for continued growth despite market challenges.

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