Koninklijke Philips (NYSE:PHG) (NYSE: PHG) is a diversified technology company headquartered in Amsterdam, the Netherlands, with a primary focus on health technology. Established in 1891 by Gerard and Anton Philips in Eindhoven, the firm originally gained recognition for its lighting solutions before evolving into a global leader in medical systems, patient monitoring, and personal health devices. Over its history, Philips has shifted its strategy toward diagnostic imaging, image-guided therapy, and connected care solutions, reflecting a commitment to improving patient outcomes and healthcare delivery.
Philips’ HealthTech division encompasses a broad portfolio of products and services, including magnetic resonance imaging (MRI) and computed tomography (CT) systems, ultrasound devices, and advanced monitoring platforms for critical and acute care settings. The company also provides healthcare informatics and clinical workflow solutions designed to optimize hospital operations and enhance clinical decision-making. In the personal health arena, Philips markets oral healthcare products such as electric toothbrushes, sleep and respiratory care solutions, and domestic air and surface purification systems.
Operating in more than 100 countries, Philips serves hospitals, healthcare providers, and consumers across Europe, the Americas, Asia, and Africa. The company maintains research and development centers and manufacturing facilities around the world, fostering close collaboration with regional healthcare institutions and academic partners. Philips’ global reach is supported by a network of service technicians, clinical specialists, and local sales teams that tailor solutions to meet the unique regulatory and medical requirements of each market.
Under the leadership of Chief Executive Officer Roy Jakobs, who assumed the role in October 2022, Philips continues to strengthen its focus on innovation and sustainable growth in health technology. The company’s governance structure comprises a Board of Management and Supervisory Board, both tasked with guiding strategic initiatives in digital transformation and operational excellence. As Philips pursues new frontiers in artificial intelligence and telehealth, it remains dedicated to its founding mission of making life better through meaningful innovation.
