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Philips

Ownership: Public · PHG
Employees: ~70000
Development stage: Commercial

Overview

As of 2024–2025, Philips operates as a global leader in medical devices—especially diagnostic imaging—and patient monitoring. The company has divested its lighting and domestic appliances businesses to focus on healthcare innovation. Its products are widely used in hospitals worldwide for diagnosis and patient management.

Therapeutic areas: Other
Modalities: DeviceDiagnostic imaging equipmentPatient monitoring systemsMedical informatics platforms
Industry: Medical Imaging

Partnerships

Collaborations with major hospital networks globallypartnerships with academic medical centers for research into new diagnostic technologies

Financials

Market cap: $24B
Total revenue: $4.4B
Enterprise value: $29.7B

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