Healthcare will be the new growth opportunity this year for conglomerate General Electric, vice-chairman John Rice has told CNBC.
Rice, who is also the CEO of GE Global Growth & Operations said that the need for emerging markets to increase its care for its growing populations would bolster the company profits for the year.
"Our healthcare business has grown tremendously, particularly in the developing markets," he said at the World Economic Forum in Davos.
"There's been a lot of focus on providing affordable, accessible healthcare in these countries. And we've had some success as a result of that."
(Read More: GE profit rises, helped by oil and gas business)