Philips highest ranked medical technology company among Clarivate Top 100 Global Innovators

Core Insights - Royal Philips has been recognized as the top-ranked medical technology company in the Top 100 Global Innovators 2025, marking its 12th consecutive year in this assessment, which highlights its strong reputation in healthcare innovation [1][2] Company Performance - In 2024, Philips invested approximately EUR 1.7 billion, which is over 9% of its sales, in research and development to enhance healthcare delivery [2] - Philips generated sales of EUR 18 billion in 2024 and employs around 67,800 people across more than 100 countries [4] Innovation Focus - The company is increasingly concentrating its innovation efforts on data and AI applications in both hospital and home settings, dedicating about half of its R&D workforce to these areas [2] - Philips is a leader in AI-related patent applications in healthcare, emphasizing its commitment to advancing technology in this field [2] Product Innovations - Key AI-powered innovations include: - The Philips CT 5300, which integrates hardware, software, and AI for accessible imaging [6] - SmartSpeed Precise MRI technology, enabling scans to be completed up to three times faster while maintaining high image quality [6] - An AI-enabled cardiovascular ultrasound platform that enhances imaging and productivity [6] - The Azurion image-guided therapy system, which improves minimally invasive treatments for neurovascular patients [6]