General Electric revenue in the Healthcare segment 2008-2018

General Electric Healthcare (GE Healthcare) has had a general trend of increase in revenue during the given period, although with some ups and downs. In 2018, the revenue for GE Healthcare totalled 19.78 billion U.S. dollars. This is an increase compared to 2008 when GE Healthcare’s revenues totalled 17.4 billion U.S. dollars.

GE Healthcare in medical technology

GE Healthcare is a diversified healthcare and life sciences company that works in over 160 countries globally. GE Healthcare was incorporated in New York in 1994. Some of their popular medical technology innovations include a pocket-sized ultrasound device, mammography devices, and CT scanners. As of 2018, GE Healthcare was among the top 10 global diagnostic imaging companies by market share. Along with an increase in revenue, GE Healthcare has also experienced a 2.5-fold increase in profit since 1997.

The medical technology market

The medical technology market is a lucrative industry that has experienced significant growth in recent years and is forecast to continue growing significantly. By 2024 it is expected that the revenue generated by the medical technology industry will be around 600 billion U.S. dollars. As of 2017 the leading medical technology company based on revenue was Medtronic Inc., followed by Johnson & Johnson and GE Healthcare. It is predicted that Medtronic will continue to remain the top medical technology company in 2024, followed still by Johnson & Johnson.

Revenue of General Electric Healthcare from 2008 to 2018

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Source

Release date

February 2019

Region

Worldwide

Survey time period

2008 to 2018

Supplementary notes

Figures prior to 2013 were added from older annual reports.

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