Written by
Phil Grainger
Steve Holloway
Bhvita Jani
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With 2024 firmly into its second half, the SPI Medical Imaging team sifted through medical imaging vendors’ latest financial reports to understand how the year is shaping up, and what themes will emerge as 2025 appears on the horizon.
Why we are covering this topic
- Many vendors highlight their strong book-to-bill ratios, suggesting that there is still substantial demand in the market. However, this is likely the tail-end of pent-up demand resulting from previous supply chain issues.
- It is becoming increasingly clear that the remarkable growth experienced by many medical imaging vendors in 2023 will not be repeated in 2024.
Why it matters
- The ongoing fallout of the anti-corruption measures in China continue to be a millstone around the neck of most vendors, highlighting the risks associated with reliance on such markets.
- This, and other risk factors, suggest that it may be time for vendors to refocus on familiar markets and core activities.
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