Syntec Optics Secures Order To Develop New Disposable Optics For Digital Health Treatment
Portfolio Pulse from Benzinga Newsdesk
Syntec Optics has announced the launch of process development for a high-volume production line to manufacture disposable medical optics, marking a significant advancement in biomedical camera technology. This development, following nearly three years of concept proposals, positions Syntec Optics at the forefront of automated high-volume production in the US, leveraging their extensive expertise and advanced manufacturing capabilities. The addressable market for photonics-enabled biomedical segments was estimated at $201.1B in 2021, indicating a substantial market opportunity for Syntec Optics.
April 12, 2024 | 12:05 pm
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Syntec Optics, associated with OPTX, is set to develop a new production line for disposable medical optics, potentially impacting OPTX's market position and revenue in the digital health sector.
The development of a new high-volume production line for disposable medical optics by Syntec Optics, potentially linked to OPTX, signifies a strategic move into a high-value market. Given the estimated $201.1B market size for photonics-enabled biomedical segments, this initiative could significantly enhance OPTX's market share and revenue in the short term. The emphasis on advanced manufacturing capabilities and the potential to set new standards in the industry further bolster the positive outlook for OPTX.
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