Varex Imaging
Independent supplier of X-ray tubes, digital detectors, and image processing solutions for medical and industrial imaging, including non-destructive inspection of additively manufactured parts.
- CEO / Founder
- Sunny Sanyal
- Team Size
- 1001-5000
- Stage
- Public
- Latest Round
- IPO
Technology & Products
Key Products
X-ray tubes; Digital X-ray detectors; Linear accelerators; Image processing software; High-voltage connectors
Technological Advantage
Proprietary X-ray component designs and manufacturing processes, including patents referencing 3D printing/additive manufacturing for vacuum tube assemblies (e.g., US12322567B2). This IP is defensible and supports high-energy imaging performance required for dense metal AM parts.
Differentiation
Value Proposition
Enables OEMs to integrate high-performance X-ray sources and detectors into CT/NDT systems that detect defects in metal AM parts, reducing scrap and ensuring part certification.
How They Differentiate
Offers a broader portfolio of both X-ray tubes and digital detectors than Comet Group (primarily tubes) or Detection Technology (primarily detectors); independent and vertically integrated with strong R&D in high-energy imaging.
Market & Competition
Target Customers
OEMs and system integrators in medical imaging, security screening, and industrial non-destructive testing (NDT) including additive manufacturing quality control.
Industry Verticals
Medical Imaging; Security & Cargo Screening; Industrial Non-Destructive Testing; Additive Manufacturing Quality Control
Competitors
Canon Electron Tubes & Devices; Comet Group; Thales Group
Growth & Milestones
Growth Metrics
Revenue of approximately $845M in latest fiscal year; ~2,400 employees globally.
Major Milestones
Spin-off from Varian Medical Systems and listing on NASDAQ as VREX (2017); Secured $25 million order for security systems (2024)
Notable Customers
Aerospace and defense OEMs (e.g., Boeing, Lockheed Martin) for non-destructive testing of additively manufactured components; Medical device manufacturers for quality assurance of 3D-printed implants and surgical instruments; Automotive suppliers for inspection of 3D-printed prototypes and production parts