Koninklijke Philips NV - Company Profile
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Business Description
Koninklijke Philips NV (Philips) is a diversified medical and healthcare technology company. The company offers products in precision diagnosis, image-guided therapy, monitoring, enterprise informatics, sleep and respiratory care, and personal health. The company operates in the healthcare technology industry, providing solutions including cardiovascular ultrasound, hospital monitoring, and sleep therapy devices. The company's portfolio includes a wide range of businesses and products including precision diagnosis, ultrasound, MRI, CT, and diagnostic X-ray systems, as well as image-guided therapy solutions. Philips also engages in brand licensing for fields such as lighting, television, audio, and domestic appliances. The company collaborates with healthcare providers, start-ups, universities, and other companies to focus on innovation.
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R&D Overview
Philips's R&D arm focuses on centered around advancing care through AI-enabled precision diagnostics, modernizing patient monitoring, and expanding manufacturing and R&D capabilities, particularly in North America. The company operates four major sites: Eindhoven (the Netherlands), Cambridge (US), Bengaluru (India), and Beijing (China). These sites, along with smaller innovation and research sites in various regions, enable the company to stay close to customers, understand diverse healthcare needs, and anticipate emerging trends. These units are responsible for managing the company's R&D activities, focusing on innovation in hardware, software, AI, and services to support care in hospitals and homes. The units aim to drive progressive value creation through focused growth, scalable patient- and people-centric innovation, and reliable execution. It works collaboratively with clinicians, patients, and consumers to focus on issues and define opportunities. The company's major technology alliances include collaborations with health systems and institutions such as Bon Secours Mercy Health, Vanderbilt University Medical Center, Nicklaus Children’s Hospital, and Mass General Brigham. As of December 2025, the company had 10,248 employees in its R&D department. In FY2025, the company spent EUR1,700 million on R&D, which as a percentage of revenue, stood at 10%. As of December 2024, the company had approximately 50,500 patent rights, 31,500 trademarks, 159,000 design rights, and 3,100 domain names. In FY2025, the company has also filed 700 new patents.
Business Segments
Overview
Operates through three business sub-segments: Monitoring, Enterprise Informatics, and Sleep & Respiratory Care. Monitoring offers in-hospital, ambulatory, and home-based monitoring and diagnosis solutions such as hospital patient monitoring systems, ambulatory monitoring and diagnostics systems, and emergency care systems. Enterprise Informatics offers integrated workflow solutions that convert data from the company's imaging and monitoring systems, which include radiology informatics, clinical integration and insights, clinical informatics business solutions, and patient care informatics. Sleep and Respiratory Care offers ambulatory patient care solutions for obstructive sleep apnea, including solutions encompassing diagnostics, people-centric therapy, cloud-based connected propositions, and care management services for patients with chronic obstructive pulmonary disease and respiratory conditions. The hospital respiratory care provides invasive and non-invasive ventilators for acute and sub-acute hospital systems.
Performance
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Overview
Offers innovative AI-enabled solutions that support precision diagnosis and minimally invasive treatment in therapeutic areas such as cardiology, peripheral vascular, neurology, surgery, and oncology. It also offers integrated solutions that combine imaging systems and advanced clinical software, as well as diagnostic and therapeutic devices and services to optimize minimally invasive interventional procedures. Operates through two sub-segments: Precision Diagnosis and Image Guided Therapy. Precision Diagnosis offers a range of diagnostic imaging products and solutions, including X-ray and fluoroscopy systems, Magnetic Resonance Imaging (MRI) systems, Computed Tomography (CT) systems, and imaging solutions focused on supporting diagnosis, treatment planning, and guidance for cardiac, general imaging, obstetrics/gynecology, and point-of-care applications. Image Guided Therapy offers a portfolio of integrated interventional imaging systems, smart devices, and disease-specific software. It also offers services and consulting. Products include integrated interventional X-ray systems (fixed and mobile surgery) and software solutions, and interventional specialty devices and software in minimally invasive interventional coronary, peripheral vascular, and heart rhythm management procedures.
Performance
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Overview
Includes innovation and strategy, IP royalties, central costs, and other small items.
Performance
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Overview
Offer a broad range of solutions in various consumer price ranges. Operates through three business sub-segments: Oral Healthcare, Mother and Child Care, and Personal Care. Oral Healthcare offers power toothbrushes and brush heads. Mother and Child Care offers breast pumps, baby bottles and sterilizers, connected baby monitors, and digital parental and women’s health solutions such as Pregnancy+ and Baby+ apps. Personal Care offers groomers, trimmers, hair clippers, premium solutions with SkinIQ technology, in-app coaching for a personalized shave, and blade subscriptions. It also offers devices to support skin care, hair care, and hair removal under the beauty portfolio.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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Performance
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