Number of employees at Philips worldwide by region 2020-2022

In 2021, Philips had around 21.8 thousand employees in North America, while 19.8 thousand Philips employees were based in Europe. The number of Philips employees in ‘growth geographies’ has increased by over five thousand since 2019 to reach almost 32 thousand in 2021. 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.

Philips’ revenue

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.

Breaking down the numbers

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.