Canon’s Ultrasound Portfolio Originated from Toshiba Medical Acquisition

Canon entered the global ultrasound market through its 2016 acquisition of Toshiba Medical for ¥665B (~US$6B), gaining a business that already held >10% market share. Since then, Canon has continued to develop the Aplio platform and related systems, maintaining its foothold.

• Toshiba entered diagnostic ultrasound in the 1960s and built its portfolio internally, with key systems including Aplio, Nemio, and Xario, and by the late 1990s accounted for over 10% of the global market.
• Canon Medical Systems (renamed in 2018) acquired NXC Imaging in 2022 to strengthen its commercial channel and service network.

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