Koninklijke Philips N.V. PHG

Company Overview

Koninklijke Philips N.V. is a global health technology company focused on improving people’s health and well-being through innovation across the health continuum, from healthy living and prevention to diagnosis, treatment, and home care. The company operates primarily in the healthcare technology and medical devices industries, serving hospitals, healthcare providers, and consumers. Philips’ core revenue drivers are professional medical systems, healthcare informatics, monitoring solutions, and connected care technologies, with a reduced but still relevant consumer health presence.

Founded in 1891 in Eindhoven, the Netherlands, Philips originally manufactured carbon-filament lamps and expanded throughout the 20th century into consumer electronics, lighting, and semiconductors. Over the past two decades, the company has strategically transformed into a focused health technology firm, divesting non-core activities such as Philips Lighting (now Signify) and NXP Semiconductors, and concentrating investment on medical systems, diagnostics, and digital health solutions. Philips positions itself through integrated platforms, strong clinical validation, and long-standing relationships with healthcare institutions globally.