Conor Stewart
Research expert covering health & pharmaceuticals in the UK & Europe
Get in touch with us nowIn 2023, Philips spent around 1.9 billion euros on research and development. Although the spending on R&D dropped slightly from the year before, since 2010 it has generally climbed. After spin-offs of other product segments, Koninklijke Philips N.V. today is a company focused on healthcare/medical technology.
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