Written by
Phil Grainger
Bhvita Jani
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Signify Research recently published its latest MRI Equipment report, detailing the market’s performance and the most impactful trends. Bhvita Jani, Principal Analyst and author of the report, provides some of the main takeaways, outlining the key considerations vendors need to be aware of in the coming years.
Why we are covering this topic
- Many OEMs are increasingly focusing on the big iron modalities due to the attractive margins and growth opportunities associated with these systems, and MRI is very much in the spotlight.
- The market has seen substantial growth in recent years as challenges abated and provider priorities adjusted to the post-pandemic era. However, growth is now easing, and the market is set for a slower period ahead.
Why it matters
- There are still considerable opportunities for growth as the use cases and settings for MRI expand, driven by new technological developments and mounting evidence for the modality’s efficacy in wider clinical applications.
- Vendors’ strategies will need to account for differing regional and competitive dynamics, with increasing competition from challenger vendors vying with incumbents for market share in both developed and emerging markets.
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