Sales of Philips by segment 2021-2024

In 2024, Philips generated approximately 8.8 billion euros in sales from its diagnosis and treatment segment. This was a decrease in comparison to the sales value from the preceding year. Within the diagnostic and treatment segment, sales of diagnostic imaging products accounted for 40 percent of all revenues. Furthermore, connected care accounted for 5.1 billion euros of sales in 2024. 

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 18 billion euros in revenues in 2024 and is ranked among the leading medical technology companies in the world.

Philips in numbers

Philips spent over 1.7 billion euros on research and development in 2024. In the same year, over 77 thousand employees worked for Philips, with North America and Europe accounting for around 27.5 and 16.5 thousand workers, respectively. 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.