News | Press Releases

---

December 2, 2019

Canon Inc. Realigns Global Medical Business Strategy

Further cements Canon’s efforts to prepare for future growth of its medical business

TUSTIN, CA, December 2, 2019 – As part of Canon Inc.’s global medical business strategic realignment, the X-ray business operations within Canon U.S.A. Inc.’s wholly owned subsidiary Virtual Imaging, Inc. will transfer to Canon Medical Systems USA, Inc. (CMSU) effective January 1, 2020.

The global medical imaging market is anticipated to expand extensively year over year by 2025, fueled by the aging population coupled with the need for early stage detection of chronic disease.  As the leading medical imaging market globally, the U.S. represents the largest opportunity for future growth.

Canon U.S.A. Inc., introduced the flat panel detector into the US market in 1997 and Virtual Imaging, Inc. incorporated these detectors into their portfolio of X-ray systems.  Today’s announcement of business realignment will build on this strong legacy.   This transfer will help Canon Medical Systems USA, Inc., accelerate additional opportunities for growth while continuing to elevate the customer experience by providing a single entity from which to access significant technology advancements and purchase equipment, as well as obtain service and applications support.

As a result, Canon Medical Systems USA, Inc., will add vital digital radiographic and mobile offerings to its current X-ray portfolio of multi-purpose and fluoroscopic systems, significantly expanding its product line to be one of the broadest in the industry.

“This strategic move offers customers Canon Medical Systems USA, Inc.’s world-class and unified experience for equipment purchases, service and education solutions,” says Toshio

Takiguchi, senior managing executive officer, Canon Inc., and president and CEO, Canon Medical Systems Corporation. “At Canon Medical Systems USA, Inc, our priority is always focused on supporting our customers by providing them with consistent, industry-leading X-ray systems sales, service and applications support.”

Learn more about Canon Medical’s X-ray technology at this year’s RSNA annual meeting in Chicago, December 1 – 5, 2019 (Booth #1933, South Level).

About Canon Medical Systems USA, Inc.

Canon Medical Systems USA, Inc., headquartered in Tustin, Calif., markets, sells, distributes and services radiology and cardiovascular systems, including CT, MR, ultrasound, X-ray and interventional X-ray equipment. For more information, visit Canon Medical Systems’ website at https://us.medical.canon.

About Canon Medical Systems Corporation

Canon Medical offers a full range of diagnostic medical imaging solutions including CT, X-Ray, Ultrasound, Vascular and MR, as well as a full suite of Healthcare IT solutions, across the globe. In line with our continued Made for Life philosophy, patients are at the heart of everything we do. Our mission is to provide medical professionals with solutions that support their efforts in contributing to the health and wellbeing of patients worldwide. Our goal is to deliver optimum health opportunities for patients through uncompromised performance, comfort and safety features.

At Canon Medical, we work hand in hand with our partners – our medical, academic and research community. We build relationships based on transparency, trust and respect. Together as one, we strive to create industry-leading solutions that deliver an enriched quality of life. For more information, visit the Canon Medical website: https://global.medical.canon.

About Canon U.S.A., Inc.

Canon U.S.A., Inc., is a leading provider of consumer, business-to-business, and industrial digital imaging solutions to the United States and to Latin America and the Caribbean markets. With approximately $36 billion in global revenue, its parent company, Canon Inc. (NYSE:CAJ), ranks third overall in U.S. patents granted in 2018† and was named one of Fortune Magazine’s World’s Most Admired Companies in 2019. Canon U.S.A. is dedicated to its Kyosei philosophy of social and environmental responsibility. To keep apprised of the latest news from Canon U.S.A., sign up for the Company’s RSS news feed by visiting www.usa.canon.com/rss and follow us on Twitter @CanonUSA.

^†Based on weekly patent counts issued by United States Patent and Trademark Office