Signify Premium Insight: Vendor Financials Round-up – The Health of the Imaging Sector Q1 2023
Published: May 30, 2023
Whisper it, if you must, but it seems that for the first time in several years, medical imaging vendors have been able to enjoy a comparatively uneventful quarter. Since the Covid-19 pandemic first took hold in early 2020, it has seemed that every quarter has been rocked by some global macroeconomic drama. Whether the pandemic itself and its resultant restrictions on elective procedures and non-urgent imaging, the supply chain disruption and logistics nightmares, spiraling energy prices as Russia invaded Ukraine, or the dramatic inflation which has rocked much of the world, it has not been an easy period to steer a medical imaging vendor forward.
Now, however, in the first quarter of 2023 many of these disruptions seem to have abated somewhat, enabling medical imaging vendors to return their focus to business as usual, rather than fighting fires as they arise. Further, some vendors had to make difficult decisions, downsizing workforces and adjusting strategies following the beatings the previous years doled out, with these changes made, vendors are better equipped to face the year to come.