# PHILIPS

Summary updated: 2026-03-19T19:39:48.435588Z
Canonical: https://finbar.com/research/companies/philips

## Overview

Koninklijke Philips N.V. is a Netherlands-based health technology company headquartered in Amsterdam. It is primarily involved in diagnostic imaging, image-guided therapy, patient monitoring and health informatics, as well as consumer health and home care. Philips states that its purpose is to improve people’s health and well-being through meaningful innovation, and its portfolio spans hardware, software, AI and services that support care in hospitals and in the home.[1](https://app.finbar.com/go?id=P-2504c19802344961bbf47160f72f754a)[2](https://app.finbar.com/go?id=P-7a7bb2f703ee4de9b92ea9cd3b419b3a)[3](https://app.finbar.com/go?id=P-51181544a83643409d31390b6e4b5855)

The company’s operations are centered on three main segments: Diagnosis & Treatment, Connected Care, and Personal Health.[4](https://app.finbar.com/go?id=P-aab2627381654227b139f2f41d7e17e6)[5](https://app.finbar.com/go?id=P-efe1574e0eea418a853d3f45696b9db6)[6](https://app.finbar.com/go?id=P-f3d4ae3b621a4e4abc4b5df110c9d1de) These activities include diagnostic imaging and image-guided therapy systems, hospital, ambulatory and home-based monitoring, enterprise informatics, sleep and respiratory care, and consumer-facing products such as oral healthcare, mother and child care, and personal care.[7](https://app.finbar.com/go?id=P-2706a65ddd8a47d0a7fb5938bb6cb168)[8](https://app.finbar.com/go?id=P-6e6b3bfb095042be8a68e3b51620b9ba)[9](https://app.finbar.com/go?id=P-912b93c7f4e74bce989a5d50f81aff35)[10](https://app.finbar.com/go?id=P-dd1001b1a03549008a186de3ed9bef7f)[11](https://app.finbar.com/go?id=P-683960e3a8c54300b9a6a1d72a56327c)[12](https://app.finbar.com/go?id=P-77387e42862b428fa1c3bb7715128052)[13](https://app.finbar.com/go?id=P-4d361d9d6e904fc9abb7ef5d28093fb5)[14](https://app.finbar.com/go?id=P-428c6d6caa1f43f7afd61a269f03180b) In 2024, Philips reported sales of about EUR 18.0 billion and 66,116 employees on a full-time-equivalent basis.[15](https://app.finbar.com/go?id=P-19d2d15b0737470bb9ab7f1f6de1a28d)[16](https://app.finbar.com/go?id=P-74816f55db2843cdb3d6cd4d61674ada)[17](https://app.finbar.com/go?id=T-c9d7ce59b1d9481f9a52a48b5cc4645d) Philips was present in 71 countries globally, with key manufacturing and R&D sites across Europe, the Americas and Asia, and it organizes its commercial activities across North America, Greater China, and an International Region that includes Europe and growth areas.[18](https://app.finbar.com/go?id=P-8ac9cfd37cec462fb55ebab426bf4e76)[19](https://app.finbar.com/go?id=P-7f4cb6bd802b40f8be80c3dd12fde019)
[1](https://app.finbar.com/go?id=P-2504c19802344961bbf47160f72f754a)[2](https://app.finbar.com/go?id=P-7a7bb2f703ee4de9b92ea9cd3b419b3a)[3](https://app.finbar.com/go?id=P-51181544a83643409d31390b6e4b5855)[4](https://app.finbar.com/go?id=P-aab2627381654227b139f2f41d7e17e6)[5](https://app.finbar.com/go?id=P-efe1574e0eea418a853d3f45696b9db6)[6](https://app.finbar.com/go?id=P-f3d4ae3b621a4e4abc4b5df110c9d1de)[7](https://app.finbar.com/go?id=P-2706a65ddd8a47d0a7fb5938bb6cb168)[8](https://app.finbar.com/go?id=P-6e6b3bfb095042be8a68e3b51620b9ba)[9](https://app.finbar.com/go?id=P-912b93c7f4e74bce989a5d50f81aff35)[10](https://app.finbar.com/go?id=P-dd1001b1a03549008a186de3ed9bef7f)[11](https://app.finbar.com/go?id=P-683960e3a8c54300b9a6a1d72a56327c)[12](https://app.finbar.com/go?id=P-77387e42862b428fa1c3bb7715128052)[13](https://app.finbar.com/go?id=P-4d361d9d6e904fc9abb7ef5d28093fb5)[14](https://app.finbar.com/go?id=P-428c6d6caa1f43f7afd61a269f03180b)[15](https://app.finbar.com/go?id=P-19d2d15b0737470bb9ab7f1f6de1a28d)[16](https://app.finbar.com/go?id=P-74816f55db2843cdb3d6cd4d61674ada)[17](https://app.finbar.com/go?id=T-c9d7ce59b1d9481f9a52a48b5cc4645d)[18](https://app.finbar.com/go?id=P-8ac9cfd37cec462fb55ebab426bf4e76)[19](https://app.finbar.com/go?id=P-7f4cb6bd802b40f8be80c3dd12fde019)

## Products & services

Philips’ product portfolio is weighted toward medical technology. In 2024, Diagnosis & Treatment represented 48.8% of group sales, Connected Care 28.5%, Personal Health 19.3%, and Other 3.4%. Within Diagnosis & Treatment, Precision Diagnosis accounted for 59% of segment sales and Image Guided Therapy 41%; within Connected Care, Monitoring was 58%, Enterprise Informatics 23%, and Sleep & Respiratory Care 19%. [20](https://app.finbar.com/go?id=T-a056c030efe14a78a46fd87ef720b1db)[21](https://app.finbar.com/go?id=P-cbaac9e342f345bbbda279b6954f5061)[22](https://app.finbar.com/go?id=P-468f83a1d1b341eaa0fbb445012323c0)

In diagnostic imaging, Philips sells MRI, CT and ultrasound systems with branded platforms and software. Its BlueSeal MRI portfolio is described as helium-free-for-life and bundled with AI-enabled software; Philips also states that more than 1,500 BlueSeal systems had been installed globally since launch, and that the latest 1.5T BlueSeal integrates AI across the MRI workflow and uses lighter magnets to support more flexible installation, including mobile units. MR SmartSpeed is an AI-based imaging technology that Philips says can increase imaging speed by up to 3x and improve resolution by up to 65%, while being compatible with 97% of clinical protocols. In CT, the CT 5300 with Precise Image is described as a fully AI-enabled CT system that reduces reading time, lowers radiation dose by 80%, and improves image quality. In ultrasound, Philips markets the EPIQ Elite Elevate and Affiniti Elevate platforms, with more than 100 optimized presets, automated brightness and uniformity, and up to 54% fewer button pushes through Next Gen Auto Scan; its cardiovascular ultrasound line includes EPIQ CVx and Affiniti CVx, plus the X11-4t Mini 3D TEE transducer for patients ranging from small children to fragile adults. [23](https://app.finbar.com/go?id=P-46f41e75737e4b79be6fdbe6753b669c)[24](https://app.finbar.com/go?id=P-42edee9460284c0893ab3f936176c880)[25](https://app.finbar.com/go?id=P-063e283805734c2a9b12fdec705f695a)[26](https://app.finbar.com/go?id=P-8cecd8fd7ef6451db73b148cb31116d0)[27](https://app.finbar.com/go?id=P-06e89f20180d4f43b90cc62972116471)[28](https://app.finbar.com/go?id=P-7a517f3ff9a14a68ab297c9a1fd4ab21)[29](https://app.finbar.com/go?id=P-bd60cafe1eaf422b98638c0c156052b5)[30](https://app.finbar.com/go?id=P-04dc2873fe6a41d6b50cfc005c6a70e0)

In interventional care, Philips’ Image Guided Therapy portfolio includes integrated imaging systems, specialty devices, disease-specific software, and related services and consulting. Its Azurion platform is the flagship image-guided therapy system, and the Azurion neuro biplane version is described as offering enhanced 2D/3D imaging and flexible X-ray detector positioning for neurovascular procedures; Philips also references the Azurion 7 B20/12 and the Zenition 90 Motorized mobile C-arm. In Connected Care, Philips sells hospital monitoring products such as the IntelliVue MX750 patient monitor, enterprise informatics products including radiology PACS, digital pathology and cardiology informatics delivered increasingly in SaaS/cloud form, and sleep and respiratory products including the DreamWear mask system and Trilogy EVO/EV300 ventilators. Service offerings across these businesses include customer service fees, software licenses, leasing, recurring per-procedure fees for disposable devices, clinical services, rental models, and financing arrangements. [31](https://app.finbar.com/go?id=P-c44c00697e1d4878b0eae27d31b7db92)[8](https://app.finbar.com/go?id=P-6e6b3bfb095042be8a68e3b51620b9ba)[32](https://app.finbar.com/go?id=P-43154d1ac975454993dc306af4e76040)[33](https://app.finbar.com/go?id=P-5531a06e1fcc4a148991352ff8ab5612)[34](https://app.finbar.com/go?id=P-31b7e8682659451c97b351d18f56b443)[35](https://app.finbar.com/go?id=P-838a4edc959343679b2a53f1de62bab9)[9](https://app.finbar.com/go?id=P-912b93c7f4e74bce989a5d50f81aff35)[36](https://app.finbar.com/go?id=P-9f997775ad8a4b6fa08f1e46e3c53d77)[37](https://app.finbar.com/go?id=P-b1625e66fbbe40e1a9e782df3473f4b5)[38](https://app.finbar.com/go?id=P-c59c02af170742a9b60d986e27039157)[39](https://app.finbar.com/go?id=P-0fab0e3f57d247e6966ba793a943c23a)[40](https://app.finbar.com/go?id=P-c7bae7ede654469aa80817296dbf237c)[41](https://app.finbar.com/go?id=P-80b68a69f4e74aefbf5e9bb165a09591)[42](https://app.finbar.com/go?id=P-b41be90b568a4066a5864e8a27ac64cc)[43](https://app.finbar.com/go?id=P-1adb07d3a818415b9db571933763667f)[44](https://app.finbar.com/go?id=P-b40e868ca23d4f35b6bad564664fec87)[45](https://app.finbar.com/go?id=P-209a2c173fb24c49972a3920b4d7cd3f)

In Personal Health, Philips’ products include Sonicare power toothbrushes across price points, app-connected premium brushes with in-app coaching, brush heads sold on a subscription basis, interdental cleaning products, and in-office and take-home teeth-whitening products. The segment also includes personal care devices such as OneBlade grooming products and mother-and-child products sold under Avent. Personal Health revenue mix was 54% Personal Care, 34% Oral Healthcare, and 12% Mother and Child Care. [46](https://app.finbar.com/go?id=P-00becd2fcd774bd888778fb98c5006b2)[47](https://app.finbar.com/go?id=P-80e4dde37c484590a6a8edbe3d5ec60f)[13](https://app.finbar.com/go?id=P-4d361d9d6e904fc9abb7ef5d28093fb5)[48](https://app.finbar.com/go?id=P-9705f89476ee44f0a1868a50469d1c1d)[49](https://app.finbar.com/go?id=P-85bca8c8395b4d09bb594e9d890638d9)
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## Geographic presence

Philips organizes its customer-facing operations into three regions: North America, Greater China, and an International Region that covers Europe and growth areas. In its geographic reporting, it groups markets into mature geographies—Western Europe, North America, and other mature markets including Japan, South Korea, Israel, Australia and New Zealand—and growth geographies comprising Asia Pacific outside those mature markets, Latin America, Central and Eastern Europe, the Middle East and Turkey outside Israel, and Africa. The company’s corporate headquarters are in Amsterdam, the Netherlands. [19](https://app.finbar.com/go?id=P-7f4cb6bd802b40f8be80c3dd12fde019)[50](https://app.finbar.com/go?id=P-9d7e0274ae6241a9808d92a1e8d0d079)[51](https://app.finbar.com/go?id=P-bbd3d95831d04885a2d5dbf27e439460)[52](https://app.finbar.com/go?id=P-7d7f29f208b44ea0860aaab1fa84094d)

In 2024, Philips reported sales of EUR 7.655 billion in North America, EUR 3.978 billion in Western Europe, EUR 1.526 billion in other mature geographies, and EUR 4.863 billion in growth geographies, against total group sales of EUR 18.021 billion. That implies an approximate sales mix of 42% North America, 22% Western Europe, 8% other mature geographies, and 27% growth geographies, with mature markets accounting for about three-quarters of sales overall. [53](https://app.finbar.com/go?id=T-7b232d1f2c66463792dca7f62fcb6219)

At year-end 2024, Philips employed 67,823 FTEs globally, including 29,790 in growth geographies, 17,544 in North America, 16,537 in Western Europe, and 3,952 in other mature geographies. The largest disclosed country workforces were in the US (16,639), the Netherlands (8,566), India (8,166), and China (6,716). Philips also identifies Amsterdam as its headquarters and Eindhoven, Cambridge (US), Bangalore, and Shanghai as major innovation sites. [54](https://app.finbar.com/go?id=T-9ccd88835c9f4d18b2fefbfde3359f54)[55](https://app.finbar.com/go?id=T-36121e7175894ee09a61827c1566c026)[52](https://app.finbar.com/go?id=P-7d7f29f208b44ea0860aaab1fa84094d)[56](https://app.finbar.com/go?id=P-1361ea2d65b3432190513e0424e15ad7)
[19](https://app.finbar.com/go?id=P-7f4cb6bd802b40f8be80c3dd12fde019)[50](https://app.finbar.com/go?id=P-9d7e0274ae6241a9808d92a1e8d0d079)[51](https://app.finbar.com/go?id=P-bbd3d95831d04885a2d5dbf27e439460)[52](https://app.finbar.com/go?id=P-7d7f29f208b44ea0860aaab1fa84094d)[53](https://app.finbar.com/go?id=T-7b232d1f2c66463792dca7f62fcb6219)[54](https://app.finbar.com/go?id=T-9ccd88835c9f4d18b2fefbfde3359f54)[55](https://app.finbar.com/go?id=T-36121e7175894ee09a61827c1566c026)[56](https://app.finbar.com/go?id=P-1361ea2d65b3432190513e0424e15ad7)

## Business segments

Philips officially reports three operating segments: Diagnosis & Treatment, Connected Care, and Personal Health; it also reports an Other segment that includes Innovation & Strategy, IP Royalties, central costs, and other small items. In 2024, Diagnosis & Treatment contributed about 48.8% of sales, Connected Care 28.5%, Personal Health 19.3%, and Other 3.4%. [57](https://app.finbar.com/go?id=P-fba9258699db44a28b087757d1e3b7ba)[58](https://app.finbar.com/go?id=P-9bafc15b45eb4b95ace991b50845f471)[20](https://app.finbar.com/go?id=T-a056c030efe14a78a46fd87ef720b1db)

Diagnosis & Treatment consists of Precision Diagnosis and Image Guided Therapy. Precision Diagnosis focuses on diagnostic imaging products and solutions for providers, including Diagnostic X-ray, MRI, CT and Ultrasound, while Image Guided Therapy includes integrated interventional imaging systems, smart devices, disease-specific software, services and consulting. Within the segment, Precision Diagnosis accounted for about 59% of segment sales and Image Guided Therapy 41%. [59](https://app.finbar.com/go?id=P-c05fe7088be340ffb13ae6ac82d4eda4)[7](https://app.finbar.com/go?id=P-2706a65ddd8a47d0a7fb5938bb6cb168)[8](https://app.finbar.com/go?id=P-6e6b3bfb095042be8a68e3b51620b9ba)[60](https://app.finbar.com/go?id=T-7b910926be31405f8b6d5a6c929238a6)

Connected Care consists of Monitoring, Enterprise Informatics, and Sleep & Respiratory Care. Monitoring covers in-hospital, ambulatory and home-based monitoring and workflow solutions; Enterprise Informatics focuses on vendor-agnostic, integrated workflow and informatics software; and Sleep & Respiratory Care covers sleep apnea, respiratory diagnostics and therapy, cloud-connected offerings, and hospital and home respiratory care. The segment mix was about 58% Monitoring, 23% Enterprise Informatics, and 19% Sleep & Respiratory Care. [5](https://app.finbar.com/go?id=P-efe1574e0eea418a853d3f45696b9db6)[9](https://app.finbar.com/go?id=P-912b93c7f4e74bce989a5d50f81aff35)[10](https://app.finbar.com/go?id=P-dd1001b1a03549008a186de3ed9bef7f)[40](https://app.finbar.com/go?id=P-c7bae7ede654469aa80817296dbf237c)[61](https://app.finbar.com/go?id=T-20b5367f4c1e49c6a918196a9114efbf)

Personal Health consists of Oral Healthcare, Mother and Child Care, and Personal Care. Oral Healthcare centers on power toothbrushes, brush heads, interdental cleaning and whitening; Mother and Child Care includes infant-feeding products, connected baby monitors, and parenting and women’s health apps; and Personal Care spans grooming and beauty devices such as shavers, trimmers, skin care, hair care and hair-removal products. Within Personal Health, Personal Care represented about 54% of segment sales, Oral Healthcare 34%, and Mother and Child Care 12%. [62](https://app.finbar.com/go?id=P-88d56373a6214fd99c2f6d7e887624ba)[6](https://app.finbar.com/go?id=P-f3d4ae3b621a4e4abc4b5df110c9d1de)[12](https://app.finbar.com/go?id=P-77387e42862b428fa1c3bb7715128052)[13](https://app.finbar.com/go?id=P-4d361d9d6e904fc9abb7ef5d28093fb5)[14](https://app.finbar.com/go?id=P-428c6d6caa1f43f7afd61a269f03180b)[63](https://app.finbar.com/go?id=T-651c8035976949358028c34b48f183a3)
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## Company history

Philips was founded in 1891 in Eindhoven, the Netherlands, by Frederik Philips and his son Gerard Philips, initially producing electric incandescent lamps. A major early milestone came in 1914 with the opening of the Philips Physics Laboratory (NatLab), which helped establish the company’s long-running emphasis on in-house research and product development. Philips then broadened beyond lighting into medical and consumer technologies, beginning small-scale production of X-ray tubes in 1918, introducing its first radio in 1927, launching the Philishave electric shaver in 1939, and bringing out its first television set in 1950.[64](https://www.philips.com/a-w/about/company/our-heritage.html)[65](https://www.philips.com/a-w/research/100-years-research/history.cs)[66](https://www.philips.com/a-w/about/news/media-library/20190101-First-Philips-X-ray-tube-1918.html)[67](https://www.philips.com/a-w/about/news/media-library/20190101-First-Philips-radio-1927.html)[68](https://www.philips.com/a-w/about/news/media-library/20190101-First-Philishave-1939.html)[69](https://www.philips.com/a-w/about/news/media-library/20190101-First-Philips-TV-1950.html)

In the postwar decades, Philips remained an important electronics innovator, introducing the compact cassette recorder in 1963 and launching the Compact Disc in Europe in 1983 after developing the format with Sony. In later years, the company reshaped its portfolio through major separations, floating Philips Lighting in 2016; that business was renamed Signify in 2018. Philips also completed the sale of its Domestic Appliances business in 2021, marking another step in its longer-term shift away from its traditional diversified consumer and lighting activities.[70](https://www.philips.com/a-w/about/news/media-library/20190101-First-Philips-cassette-recorder-1963.html)[71](https://www.philips.com/a-w/about/news/media-library/20190101-Philips-Compact-Disc-player-1982-1983.html)[72](https://www.philips.com/a-w/about/news/archive/standard/news/press/2016/20160503-royal-philips-and-philips-lighting-announce-intention-to-launch-an-initial-public-offering-of-philips-lighting-and-listing-on-euronext-amsterdam.html)[73](https://www.philips.com/a-w/about/news/archive/standard/news/articles/2018/20180516-philips-lighting-is-now-signify.html)[74](https://www.philips.com/a-w/about/news/archive/standard/news/press/2021/20210902-philips-completes-sale-of-domestic-appliances-business-to-global-investment-firm-hillhouse-investment.html)
[64](https://www.philips.com/a-w/about/company/our-heritage.html)[65](https://www.philips.com/a-w/research/100-years-research/history.cs)[66](https://www.philips.com/a-w/about/news/media-library/20190101-First-Philips-X-ray-tube-1918.html)[67](https://www.philips.com/a-w/about/news/media-library/20190101-First-Philips-radio-1927.html)[68](https://www.philips.com/a-w/about/news/media-library/20190101-First-Philishave-1939.html)[69](https://www.philips.com/a-w/about/news/media-library/20190101-First-Philips-TV-1950.html)[70](https://www.philips.com/a-w/about/news/media-library/20190101-First-Philips-cassette-recorder-1963.html)[71](https://www.philips.com/a-w/about/news/media-library/20190101-Philips-Compact-Disc-player-1982-1983.html)[72](https://www.philips.com/a-w/about/news/archive/standard/news/press/2016/20160503-royal-philips-and-philips-lighting-announce-intention-to-launch-an-initial-public-offering-of-philips-lighting-and-listing-on-euronext-amsterdam.html)[73](https://www.philips.com/a-w/about/news/archive/standard/news/articles/2018/20180516-philips-lighting-is-now-signify.html)[74](https://www.philips.com/a-w/about/news/archive/standard/news/press/2021/20210902-philips-completes-sale-of-domestic-appliances-business-to-global-investment-firm-hillhouse-investment.html)

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