GE Healthcare

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GE Healthcare Technologies Inc. (NASDAQ: GEHC) provides digital infrastructure, data analytics, and decision support tools to help in the diagnosis, treatment, and monitoring of patients. It is one of the largest medical technology companies in the world, operating in more than 160 countries . GE Healthcare was originally a subsidiary of General Electric Company (GE), before being spun off and listed on the Nasdaq in January 2023. GE Healthcare generated revenue of USD 19.5 billion in 2023.

GE Healthcare operates revenue under four segments: Imaging, Ultrasound, Patient Care Solutions (PCS), and Pharmaceutical Diagnostics (PDx). The Imaging segment is the largest (~54% of total revenue in 2023) and offers X-ray units, CT and MR scanners, molecular imaging, and other image-guided therapies. The Ultrasound segment offers both general and special-purpose ultrasound devices. The PCS and PDx segments provide a range of diagnostic medical devices and pharmaceuticals, respectively.

The US is GE Healthcare's largest market, contributing to ~42% of total revenue in 2023, followed by China (~13%). The company’s medium-term strategic focus is on margin improvement; specifically to increase the adjusted EBIT margin to between the high teens and 20% (from 18%–15.1% in 2021–2023). GE Healthcare also expects to reach net-zero status by 2050.

HQ Location:
500 W Monroe St Chicago IL USA
Founded year:
1892
Employees:
10,000+
Next-gen Medical Devices
Next-gen Medical Devices
Biosimilars
Biosimilars
Radiopharmaceuticals
Radiopharmaceuticals
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