PHG

Koninklijke Philips N.V., commonly known as Philips, is a Dutch multinational health technology company headquartered in Amsterdam, Netherlands. The company operates through three primary segments: Diagnosis & Treatment, Connected Care, and Personal Health. Philips manufactures and sells medical imaging systems, patient monitoring equipment, ultrasound devices, sleep and respiratory care solutions, and personal health products including electric toothbrushes and grooming devices. With approximately 77,000 employees worldwide, the company generates annual revenue of around €17.8 billion and maintains operations in more than 100 countries. Philips has strategically transformed from a diversified electronics conglomerate into a focused health technology leader, having divested its lighting business in 2016 and its domestic appliances division in 2021. The company holds strong market positions in diagnostic imaging, patient monitoring, and sleep therapy equipment. Recent years have presented significant challenges, particularly regarding a major recall of sleep apnea devices initiated in 2021 due to foam degradation concerns, which has resulted in substantial financial liabilities and operational impacts. The company invests heavily in research and development, directing approximately 7% of sales toward innovation in areas including artificial intelligence, precision diagnosis, and connected care solutions. Philips maintains strategic partnerships with healthcare providers and continues expanding its digital health capabilities to support its transformation into an integrated health technology solutions provider.