Royal Philips is a diversified health and well-being company, focused on improving people’s lives through meaningful innovation in the areas of Healthcare, Consumer Lifestyle and Lighting. The company is a leader in cardiac care, acute care and home healthcare, energy-efficient lighting solutions and new lighting applications, as well as male shaving and grooming and oral healthcare.
Headquartered in the Netherlands, Philips posted 2015 sales of EUR 24.2 billion and employs approximately 113,000 employees with sales and services in more than 100 countries.
In an increasingly connected world, the convergence of Philips’ consumer technologies that facilitate healthy living, medical technologies that help clinicians to deliver better diagnosis and treament, and cloud-based technologies that enable data sharing and analysis, will be a key enable or more effective, lower-cost integrated health solutions. This fits very well with our core strengths in professional healthcare and in consumer health and well-being.
Philips Supply Chains for products development will feed into Industry 4.00 style reindustrialization of production process for consumer products in health and wellness. Use of data analytics in the optimization of design of product and services will be shared with partners. The role of smart sensor development across the application domains from health to consumer wellness will enhance the capability of the nanotechnology industry to accommodate for the regulation processes for these product categories.