Philips
↗Amsterdam, Netherlands
Royal Philips is a global leader in health technology, specializing in diagnostic imaging, ultrasound, image-guided therapy, patient monitoring, and health informatics. The company aims to improve the lives of 2.5 billion people annually by 2030 by integrating advanced clinical and consumer insights into a unified ecosystem of care.
In recent years, Philips has transformed into a pure-play medical technology company, divesting its lighting and domestic appliances divisions to focus on 'Connected Care,' 'Diagnosis & Treatment,' and 'Personal Health.' The company is heavily investing in AI-driven diagnostics and cloud-based informatics to address healthcare staffing shortages and improve clinical efficiency.
CLASSIFICATION
Company Type:MedTech
Therapeutic Areas:
Industry:Medical Devices
Sub-Industry:Diagnostic Imaging & Patient Monitoring
SIZE & FINANCIALS
Employees:10000+
Revenue:$19B-$20B
Founded:1891
Ownership:public
Status:operating
FUNDING
Stage:Public
Investors:Exor N.V. (15% stake), BlackRock, Vanguard Group
STOCK
Exchange:NYSE, Euronext Amsterdam
Ticker:PHG
Market Cap:$25.7B
PIPELINE
Stage:Commercial
Lead Drug Stage:Commercial (Focus on AI software updates)
Modalities:MRI, CT, Ultrasound, AI-driven Software, Monitoring Systems
Active Trials:45
Trial Phases:-
FDA Approvals:1250
EMA Approvals:0
CORPORATE STRUCTURE
Subsidiaries:Philips Respironics, BioTelemetry, Inc., Capsule Technologies, Spectrawave, Inc.
Key Partnerships:AWS (Cloud-based imaging & Generative AI), Edwards Lifesciences (AI-based mitral valve repair), Nicklaus Children's Health System (Pediatric technology)
COMPETITION
Position:Leader
Competitors:GE Healthcare, Siemens Healthineers, Canon Medical Systems, Baxter, Medline
LEADERSHIP
Key Executives:
Roy Jakobs - CEO
Charlotte Hanneman - CFO
Scientific Founders:Gerard Philips, Frederik Philips
Board Members:Feike Sijbesma (Chairman), Sanjay Poonen
LINKS
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