Philips

Royal Philips

Royal Philips is a leading health technology company focused on improving people's health and well-being, and enabling better outcomes across the health continuum – from healthy living and prevention to diagnosis, treatment and home care.

Philips leverages advanced technology and deep clinical and consumer insights to deliver integrated solutions. Headquartered in the Netherlands, the company is a leader in diagnostic imaging, image-guided therapy, patient monitoring and health informatics, as well as in consumer health and home care.

Philips generated 2021 sales of EUR 17.3 billion and employs approximately 77,000 employees with sales and services in more than 100 countries.

Innovation

Philips actively participates in ‘Open Innovation’ through relationships with academic and industrial partners, as well as via European and regional projects, in order to improve innovation efficiency and share the related financial exposure. In 2020, Philips invested EUR 1.9 billion in Research and Development, or 10% of sales. Over 11,000 employees are working in Research & Development, which is over 13% of the total work force.