Over the past decade we have transformed into a focused leader in health technology

Over the past decade we have transformed into a focused leader in health technology

Our purpose

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.

Our strategy

We consider people’s entire health journey

Our strategy
At Philips, we see healthcare as a connected whole. Helping people to live healthily and prevent disease. Giving clinicians the tools they need to make a precision diagnosis and deliver personalized treatment. Aiding the patient's recovery at home in the community. All supported by a seamless flow of data.

Innovating to address global health challenges


We have a proud heritage of ground-breaking innovation that stretches back almost 130 years.
Meaningful innovation – focused on our customers’ needs – remains at the heart of everything we do.
€ 1.9billion

invested in R&D
in 2019
50%

software/data science focus in R&D
64,500

patent rights
#1  medtech company

in Boston Consulting Group’s 2020
‘Top 50 most innovative companies’
Derwent Top
100 Global Innovator ™


7th year in a row
€ 1.9billion

invested in R&D
in 2019
50%

software/data science focus in R&D
#1  medtech company

in Boston Consulting Group’s 2020
‘Top 50 most innovative companies’
64,500

patent rights
Derwent Top 100 Global Innovator ™

7th year in a row
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.
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Doing business responsibly and sustainably

As a responsible company, we operate sustainably, to high Environmental, Social and Governance (ESG) standards. We continue to embed sustainability ever deeper in the way we do business – in our own operations and beyond, together with our partners.

Our people

A diverse and inclusive workplace  

The continued success of our company depends on every employee feeling valued, respected, and empowered to contribute fully.

Our history

130 years of people-focused innovation


Products come and go... Technologies change... But Philips is still about one thing:
Creating meaningful innovation that improves people’s health and well-being