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Koninklijke Philips N.V. (NYSE: PHG) is a global leader in health technology focused on improving lives through meaningful innovation. This news hub provides investors and healthcare professionals with centralized access to official press releases and verified updates about Philips' advancements in diagnostic imaging, connected care systems, and personal health solutions.
Discover timely information on product launches, regulatory milestones, and strategic partnerships that shape Philips' position in the healthcare sector. Our curated collection includes earnings reports, technology innovations, and market expansion announcements – all essential for understanding the company's trajectory in medical equipment and digital health solutions.
Key updates cover developments in AI-driven diagnostic tools, telehealth platforms, and sustainable healthcare initiatives. Bookmark this page to stay informed about Philips' progress in addressing critical challenges across radiology, cardiology, and home-based patient care through its integrated health technology ecosystem.
Philips (NYSE:PHG) has unveiled Transcend Plus, a significant upgrade to its EPIQ CVx and Affiniti CVx cardiovascular ultrasound systems. The new platform features FDA-cleared enhancements in 2D and 3D imaging quality and 26 AI-enabled clinical applications - the highest number in the industry.
Key innovations include the new 2D Auto EF Advanced feature, which expands AI capabilities for contrast images, and improved visualization tools for cardiac anatomy and function. The system is designed to help cardiology teams manage increasing patient volumes and clinical complexity while maintaining diagnostic accuracy, particularly in left ventricular function assessment.
Transcend Plus will be showcased at the European Society of Cardiology 2025 Congress and the American Society of Echocardiography annual meeting.
Philips (NYSE: PHG) has launched its new Head Shaver Pro Series, expanding its electric shaving portfolio with advanced features for head grooming. The series, priced between $79.99-$139.99, introduces innovative technologies including PowerAdapt Sensor, 360-degree Flexing Head, and 36 ComfortCut blades.
The launch addresses a significant market opportunity, targeting the 70+ million U.S. men experiencing balding, with nearly half actively shaving their heads. Key features include 90-minute runtime, quick charging capabilities, waterproof design, and a specialized hair collection system. Replacement heads are available at $34.99 and come with a recommendation for six-month replacement cycles.
[ "Targets large addressable market of 70+ million U.S. men experiencing balding", "Premium pricing strategy with $79.99-$139.99 range suggests healthy margins", "Recurring revenue potential through $34.99 replacement heads every 6 months", "Extended 5-year warranty offering builds customer confidence and brand loyalty" ]Philips (NYSE:PHG) has launched its Lumea IPL hair removal device in the United States market. As the global #1 IPL brand, Philips brings 25 years of research experience to home hair removal technology. The device promises salon-like results with 90% hair reduction in three sessions, requiring touch-ups only every four weeks.
The Philips Lumea IPL features SenseIQ Technology for personalized treatment and comes with four attachments for different body areas. The product is available exclusively on Amazon at prices ranging from $399.99 to $579.99, including a five-year warranty with registration. The device has been tested by over 3,000 consumers and is currently used by more than 6 million people globally.
Philips (NYSE:PHG) has announced plans to invest over $150 million in U.S. manufacturing and R&D facilities, building upon its existing annual R&D investment of $900 million in the country. The expansion includes the Reedsville, PA facility for AI-enabled ultrasound systems and the Image Guided Therapy facility in Plymouth, MN.
The Reedsville expansion will add 24,000 square feet of manufacturing space and 40,000 square feet of warehouse space, creating 120 skilled manufacturing jobs. The facility will customize software and configurations for specific clinical procedures. The Plymouth facility expansion includes a new medtech training center and is expected to create over 150 new jobs.
Philips currently serves 90% of U.S. hospitals and employs nearly 17,000 people across 40 facilities in the United States.
Philips (NYSE: PHG) has secured landmark agreements with Indonesia's Ministry of Health to deploy advanced Azurion image-guided therapy systems across all 38 provinces. This nationwide initiative, part of the Strengthening Indonesia's Healthcare Referral Network (SIHREN) project, aims to transform treatment for heart disease, stroke, and cancer through minimally invasive care.
The project addresses healthcare accessibility challenges in Indonesia, the world's fourth most populous nation with over 280 million people spread across 17,000+ islands. The initiative comes as Indonesia faces rising non-communicable diseases projected to cost USD 4.47 trillion. Philips, employing over 3,900 people across 12 Indonesian cities, won the contract through an international competitive bidding process.
Philips (NYSE:PHG) reported strong Q2 2025 performance with 6% comparable order intake growth and sales of EUR 4.3 billion, representing a 1% comparable sales increase. The company's Adjusted EBITA margin expanded by 130 basis points to 12.4%, while free cash flow improved to EUR 230 million.
Key segment performance showed mixed results: Diagnosis & Treatment and Connected Care saw 1% sales decreases but margin improvements, while Personal Health achieved 6% comparable sales growth. The company secured significant partnerships, including a nationwide agreement with Indonesia's Ministry of Health, and received FDA clearance for its AI-powered SmartSpeed Precise MR software.
Philips increased its full-year 2025 outlook, raising its Adjusted EBITA margin range to 11.3%-11.8% and free cash flow forecast to EUR 0.2-0.4 billion, while maintaining its 1-3% comparable sales growth guidance.
Philips (NYSE: PHG) has announced a strategic collaboration with Epic to integrate its cardiac ambulatory monitoring and diagnostics services with Epic's Aura specialty diagnostics platform. This integration will create the largest cardiac care portfolio available through Epic's Aura platform to date.
The collaboration aims to enhance interoperability between Philips' monitoring technologies and Epic's systems, allowing healthcare providers to order and review ECG results directly within Epic. Key benefits include automated patient activation, staff notifications, and charting, significantly reducing manual data entry and streamlining workflow efficiencies for cardiac care teams.
Philips (NYSE: PHG) has received FDA 510(k) clearance for its latest UroNav version, advancing image-guided navigation technology for prostate cancer care. The system features a new advanced annotation workflow that enhances focal therapy procedures through improved precision in minimally invasive care.
The technology combines pre-procedural MRI imaging with real-time ultrasound for enhanced therapeutic precision. Clinical data shows a 30% improvement in high-risk prostate cancer diagnosis using fusion biopsy compared to standard methods. The system integrates with Philips DynaCAD Urology, streamlining focal therapy planning and delivery while expanding access to minimally invasive treatment options.
Philips (NYSE:PHG) and March of Dimes released a comprehensive study revealing a significant support gap for new mothers. The research shows that while 90% of people are willing to help new parents, 62% of mothers struggle to express their support needs, with this figure rising to 76% among Hispanic moms.
Key findings highlight that 2 out of 3 parents need the most support in the first three months postpartum, with 17% of mothers receiving no support outside their spouse. Mental health and self-care emerged as top priorities, with 93% of mothers considering self-care essential, yet 80% get less than an hour of personal time daily. The study also revealed that only 31% of the public are very familiar with postpartum health issues.
Philips (NYSE: PHG) has launched the ECG AI Marketplace, a centralized platform enabling cardiac care teams to access multiple AI-powered diagnostic tools from different vendors. Anumana becomes the first partner, integrating its FDA-cleared ECG-AI™ LEF algorithm for detecting low ejection fraction, an early indicator of heart failure.
The marketplace streamlines workflow integration and vendor management for U.S. hospitals and health systems using Philips' infrastructure. Anumana's algorithm, validated through studies involving over 150,000 patients and supported by nearly 100 peer-reviewed publications, will be available across Philips' ECG portfolio, including IntelliSpace ECG and Philips cardiographs.