Click image to view it in full size

The global medical imaging and informatics market is experiencing significant changes with the emergence of advanced technologies, the changing consumer landscape and priorities, consolidation among radiology practices, mergers and acquisitions, portability, regulatory and reimbursement changes, smart manufacturing, local and global manufacturing, evolving clinical and administrative needs, and effective supply chain strategies, which are pushing market participants to explore options to maintain their competitive edge. Technologies such as artificial intelligence (AI) and cloud-based platforms are creating opportunities that did not exist a few years ago. Institutions across the world are recovering from the COVID-19 pandemic, which has exacerbated the already overstretched financial resources and, consequently, prompted a drastic change in enterprises' mode of engagement with vendors. With the entry of many start-ups in both imaging and informatics, the competition is expected to intensify to such an extent that many market leaders will compete to establish strategic partnerships or acquisitions with small start-ups to expand their product/solution portfolios.