A focused leader in health technology
At Philips, our purpose is to improve people’s health and well-being through meaningful innovation. We aim to improve 2.5 billion lives per year by 2030, including 400 million in underserved communities. As a technology company, we – and our brand licensees – innovate for people with one consistent belief: there’s always a way to make life better.
At Philips, we aim to deliver superior, long-term value to our customers and shareholders, while acting responsibly towards our planet and society, in partnership with our stakeholders.
Innovating to address global health challenges
We have a proud heritage of ground-breaking innovation that stretches back over 130 years. Meaningful innovation – focused on our customers’ needs – remains at the heart of everything we do.
~9%
of sales invested in R&D in 2024Philips' innovation strategy is highlighted with recognition in global rankings.Read more594
Medtech patent applications in 2024Philips was the leading applicant in the field of medical technology at the European Patent Office.Read more~50%
software/data science focus in R&D in 2024Philips aims to develop digital health technologies that healthcare professionals can rely on.Read more50,500
patent rightsWe focus on innovations in monitoring, interventional, imaging, enterprise informatics and personal health.Read more
Yet in an industry as fast-moving as ours, we can rarely innovate in isolation. Increasingly, this means partnering with healthcare providers, start-ups, universities (especially university hospitals) and other companies.
We continue to embed sustainability ever deeper in the way we do business – in our own operations and beyond, together with our partners.
The continued success of our company depends on every employee feeling valued, respected, and empowered to contribute fully.
Our management structure combines responsible leadership and independent supervision
Products come and go, and technologies change, but Philips is still about one thing: creating meaningful innovation that improves people’s health and well-being.
We want to give care providers more time to focus on the patient, while making it easier for more people to take care of their health and well-being. All through meaningful innovation. We will do this responsibly and sustainably. With patient safety and quality at the heart of everything we do.
Inspiring us to improve further
