GE HealthCare Technologies Inc.
GE HealthCare Technologies Inc. designs and sells medical imaging systems, patient monitoring and care equipment, and pharmaceutical diagnostics used by hospitals, health systems, researchers, and public and private healthcare institutions. The company also layers AI-enabled cloud and software tools, plus service contracts and consumables, onto its installed base to support diagnosis, treatment, and workflow efficiency across more than 160 countries.
Fiscal year 2025 · change from previous year
Development 2021–2025
Business
Share of revenueCore diagnostic imaging systems and related product lines such as MI/CT and MR.
Ultrasound and advanced visualization tools used to improve diagnosis and clinical workflow.
Monitoring, life support, and care delivery equipment used in acute care settings.
Contrast media and diagnostic agents used in imaging procedures and related workflows.
Cloud software, SaaS, maintenance, upgrades, and other service capabilities.
Products
Reported · share of revenue- Products66.2 %
- Services33.8 %
Source: 10-K FY2025, revenue the company reports per product line (SEC XBRL). Shares are of the lines shown and add up to 100 %.
Customers
GE HealthCare sells primarily to hospitals, health systems, and research institutions that need capital equipment, diagnostics, and long-term service support. Its customer base also includes public, private, academic, and government buyers, with purchasing decisions driven by clinical performance, reliability, service coverage, and integration into existing IT and care workflows.
Buy imaging, monitoring, and care equipment plus service contracts to support daily clinical operations.
Purchase diagnostic systems and software for clinical care, teaching, and research use.
Buy through formal tenders and reimbursement-linked purchasing processes, especially for large systems.
Buy consumables, maintenance, upgrades, and SaaS to extend the life and utility of existing systems.
Adopt AI, cloud, and software tools to improve workflow, precision, and data connectivity.
Strategy
GE HealthCare is focused on pairing its installed base of hardware with recurring service, consumables, and software revenue, while investing in AI, cloud, and edge-enabled products. Management also emphasizes global commercial coverage, strategic account relationships, and product innovation to defend share against large competitors and to deepen customer relationships.
Software can increase differentiation, improve workflow value, and add recurring revenue on top of hardware sales.
Maintenance, upgrades, and consumables improve customer stickiness and smooth revenue through the cycle.
Broad sales and service coverage is essential for winning large accounts and supporting equipment uptime.
USCAN and EMEA are major revenue pools, while China requires careful management due to pressure.
Geography
2025GE HealthCare operates globally and serves customers in over 160 countries, with commercial reach supported by about 9,700 sales professionals and 8,900 field service engineers. Reported regional revenue is concentrated in USCAN and EMEA, while China remains a meaningful but pressured market and Rest of World provides additional growth and diversification.
Share of the revenue the company reports by geography.
Risks
The company faces intense competition, regulatory scrutiny, and cyclicality in healthcare capital spending, all of which can pressure pricing and order timing. Its business is also exposed to supply chain disruptions, cybersecurity threats, and execution risk around R&D-heavy bets in AI, cloud, and software, while China remains a notable geographic headwind.
- Healthcare cost containment and reimbursement pressureImpact: HighLikelihood: High
Public and private payers may limit spending, reducing demand for new equipment and services.
Exposure: Hospital and health-system purchasing
- Supply chain and manufacturing disruptionImpact: HighLikelihood: High
The company relies on components, raw materials, and production facilities to meet customer delivery schedules.
Exposure: Global manufacturing and third-party suppliers
- Intense competition across imaging, diagnostics, and monitoringImpact: HighLikelihood: Medium
Large global peers compete on technology, service, price, and brand, which can erode share or margins.
Exposure - Cybersecurity and product software vulnerabilityImpact: HighLikelihood: Medium
Connected devices and cloud software create exposure to cyberattacks, service disruption, and data loss.
Exposure - China market pressure and geopolitical instabilityImpact: MediumLikelihood: Medium
Regional weakness and broader geopolitical uncertainty can affect demand, pricing, and supply chains.
Exposure: China and cross-border operations
Accounting
Judgemental itemsSales incentives, discounts, returns, rebates, and credits reduce recognized revenue and require estimates.
Impact: Affects reported revenue timing and gross margin
Multiple performance obligations can shift revenue between upfront and over-time recognition.
Impact: Affects quarterly comparability and recurring revenue mix
Management says fourth-quarter revenue, operating profit, and cash flow have historically been higher.
Impact: Makes interim periods less comparable
The acquisition and remeasurement of the remaining interest affected other income and asset values.
Impact: Can create non-operating gains or valuation adjustments
These estimates can materially change earnings when assumptions or tax positions move.
Impact: Affects net income and balance sheet carrying values
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Last updated: 24/09/2026