Conor Stewart
Research expert covering health & pharmaceuticals in the UK & Europe
Get in touch with us nowIn 2022, Philips had around 18.1 thousand employees in North America, while 16.9 thousand Philips employees were based in Western Europe. The number of Philips employees in all regions fell in 2023 compared to 2022. Philips regards their ‘growth geographies’ as Africa, Asia-Pacific (not including Japan, South Korea, Australia, and New Zealand), Central and Eastern Europe, Latin America, and the Middle East and Turkey.
Officially listed as Koninklijke Philips N.V., Philips started out as a lighting company that then focused on electronics. Nowadays, the company is focused on healthcare and medical technology. Philips had a revenue of approximately 17.2 billion euros in 2021, which is enough to rank among the leading medical technology companies globally.
The diagnosis and treatment segment within Philips was the largest in terms of revenue generated. In 2022, diagnosis and treatment products had over 9.1 billion euros worth of sales, marking an increase in comparison to the sales value from the preceding two years. Sales of diagnostic imaging products accounted for 40 percent of all revenues within this segment. Furthermore, connected care accounted for 4.4 billion euros of sales in 2022. North America accounted for the largest sales in terms of geographic regions at over 7.5 billion euros in 2022. A combination of the remaining mature regions (excluding Western Europe) and growth geographies also generated around 6.7 billion euros in sales.
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* For commercial use only
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Starter Account
The statistic on this page is a Premium Statistic and is included in this account.
Professional Account
1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price.