Is Philips a good brand?

Philips has launched pioneering products that have defined decades, including the CD and DVD, which were both created in partnership with Sony. Philips made its name in the lighting industry, making carbon-filament lamps, and the company established itself as one of the most trusted lighting brands in the world.

Who is Royal Philips NV?

Royal Philips NV is a technology company, which engages in the healthcare, lighting, and consumer well-being markets. It operates through the following segments: Personal Health, Diagnosis & Treatment, Connected Care & Health Informatics, and Other. The Personal Health segment focuses on healthy living and preventative care.

How much did Philips invest in Medtech in 2023?

Philips generated around 18.2 billion euros in revenues in 2023 and invested about ten percent of this in research and development. The company had a three percent share of the global medtech market in 2021, but this share is forecast to drop slightly by 2028.