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Why can Philips become the hegemon of global medical device companies?

author:Coral Medical

Today, let's talk about Philips, a company that looks like it has everything, but basically only has health care and quality of life business left.

Why can Philips become the hegemon of global medical device companies?

Founded in the Netherlands in 1891, Philips started as a light bulb assembly plant, and has been divided and merged for more than 100 years to become a global medical device giant in the fields of diagnostic imaging, image-guided treatment, patient monitoring, health informatization, and consumer health and home care. With 70,000+ employees, sales and service in more than 100 countries. Headquartered in Shanghai, the domestic headquarters has branches in Suzhou, Beijing, Shenzhen and other places.

Why can Philips become the hegemon of global medical device companies?

I believe that many people know Philips through light bulbs, razors and other products that are closely related to daily life, and some of the fist products of the medical industry such as MRI and CT-related equipment are also well known.

At the beginning of the 21st century, Philips spun off more than 30 main lung business units, retaining only five major businesses: lighting, consumer electronics, home appliances, semiconductors, and medical systems. It became NXP Semiconductors after the sale of its semiconductor business in 2006 and Signify in 2016. At this point, Philips' future development focus can be more "focused on the field of health technology". Philips seems to have been doing subtraction along the way, like a skinny camel, but it has a strong sense of direction, is more refreshing, and more focused.

Why can Philips become the hegemon of global medical device companies?

Although Philips is a European company, according to friends and friends, the work pressure is not lost to the United States, but in terms of salary, office environment, corporate culture, welfare care and other aspects are in the few. Whether it is in Shanghai or Suzhou, Philips has a lot of contractor positions.

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