• Philips sales by segment 2018-2020

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In 2020, Philips generated approximately 8.2 billion euros in sales from its diagnosis and treatment segment. This was an increase in comparison to its 2018 sales value. Within the diagnostic and treatment segment, sales of diagnostic imaging products accounted for 40 percent of all revenues. Furthermore, personal health accounted for 5.4 billion euros of sales in 2020.

History of Philips

While Philips, officially listed as Koninklijke Philips N.V, started out as a lighting company and then concentrated on electronics, today it is a company focused on healthcare and medical technology. Philips generated around 19.5 billion euros in revenues in 2020 and is ranked among the leading medical technology companies in the world.

Philips in numbers

Philips spent over 1.9 billion euros on research and development in 2019, so that R&D accounts for around ten percent of the company’s revenues. In 2020, over 61 thousand employees worked for Philips, with North America and Europe each accounting for around 21 thousand workers. The diagnostics and treatment segment within the operations of Philips was forecast to continue to grow and account for an annual sale value of 12.2 billion euros in 2024.

Philips' sales by segment from 2018 to 2020 (in million euros)*

Characteristic	Personal Health	Diagnosis & Treatment	Connected Care	HealthTech Other
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Release date

February 2021

More information

Region

Worldwide

Survey time period

2018 to 2020

Supplementary notes

*Philips has realigned the composition of its reporting segments effective as of January 1, 2019.
In April 2017, Philips Lighting became a discontinued operation due to sell-downs by Philips, and would become a stand-alone company. The figures since 2015 have been restated accordingly.