Varex Imaging Corporation VREX

Company Overview

Varex Imaging Corporation is a U.S.-based medical technology and industrial imaging company that designs and manufactures X-ray imaging components, systems, and software used in medical, dental, veterinary, security, and industrial inspection applications. The company operates primarily in the diagnostic imaging industry and supplies critical components for X-ray imaging systems, including X-ray tubes, digital detectors, image-processing software, and high-voltage connectors. Varex serves original equipment manufacturers (OEMs), healthcare providers, industrial inspection firms, and security screening markets worldwide.

The company’s principal revenue drivers are its Medical Segment and Industrial Segment, with medical imaging products representing the majority of revenue according to publicly reported filings. Varex was formed in 2017 following the spin-off of Varian Medical Systems’ imaging components business into an independent publicly traded company. Its strategic positioning is supported by a broad installed customer base, long-term OEM relationships, vertically integrated imaging technologies, and participation across both healthcare and non-medical imaging markets.