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" Meaningful innovation can be an important catalyst in encouraging resilience in seniors, keeping them independent and engaged. "

Frans van Houten

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" Growing and aging populations are putting increased pressure on health-care systems that are already buckling under the burden of chronic diseases like cancer and diabetes. "

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" We started experimenting with television in 1928. For a lot of people, Philips has a lot to do with TV. "

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" How can we keep people healthy, and if they get sick, how can we treat them right the first time? "

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" The agreement to acquire Volcano significantly advances our strategy to become the leading systems integrator in image-guided therapies. "

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" Perhaps sooner than we think, African innovations will help the rest of the world create lasting social and economic value. "

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" I am pleased with the response of investors towards Philips Lighting and the successful pricing of the I.P.O. This strategic milestone will allow Royal Philips to focus on the fast-growing health technology market. "

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" Certain product categories become less attractive for us because, as they become mature, they become low-cost, and hence, there is less to invent. There is less to invent in a television, whereas in heath technology, there is a lot to invent. So we wanted to put our innovative power to work where it really matters. "

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" Time may not be on our side, but innovation is. "

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" Crucially, healthcare needs to become connected. It should become effortless for medical professionals to share relevant data with colleagues around the world. Medical devices and systems in hospitals should be able to combine multiple sources of information. "

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" As soon as a disease is diagnosed, we still need someone to deliver the care. "

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" Lumileds is a highly successful supplier of lighting components to the general illumination, automotive, and consumer electronics markets, with a strong customer base. "

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" The conventional way of selling products out of the catalogue no longer works; the relationship needs to become more sticky. "

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" Tech can help population health, make health more accessible, more affordable. Tech can also get people get more included in the economy and contribute and drive growth, and growth and wealth are great contributors to a safer world. "

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" We knew we could put the company on the right side of history by decisive transformative action and by redefining our purpose to improving people's lives through innovation. "

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" The shift in demand is toward partners that can improve productivity, and in part, that can be done by software. "

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" There's much unlocked potential in Philips. "

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" At the core, Philips is an innovation company. And for innovation to work, you need to look for the unmet needs. "

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" Genomics, Artificial Intelligence, and Deep Machine learning technologies are helping practitioners deliver better diagnosis and actually freeing up time for patient interaction. "

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" Price erosion in components is quite fast. If you can capitalize on that by bringing products to the market faster, you will actually gain a better margin realization. "

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" Changing the ways of governments usually doesn't happen quickly, but time is a luxury the world no longer enjoys. "

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" Healthcare continues to move outside the hospital and into our homes and everyday lives. With leading doctors and psychologists, for example, we've developed personal health programs designed around patients to catalyze sustainable behavioural change. "

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" We can squabble between the siblings in Europe and not be very productive and then see China and the U.S. win over the European region. Or - and this is my preferred choice - we team up together and are the strong region that we want to be, using each others' strengths and building on our commonalities to become the smartest region in the world. "

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" I've always flagged that it will take some time to gradually sell down our interest in lighting and basically pivot to be a medtech company focused entirely on health technology. "

Frans van Houten

" When I became CEO, I was really worried that we were in commoditized segments that were mature and no longer growing. So we made a radical pivot into health technology because that is one of the world's unmet needs. "

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" To become the global leader in HealthTech and shape the future of the industry, we will combine our vibrant Healthcare and Consumer Lifestyle businesses into one company. "

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" In the back of my mind was the nagging discussion: where do we take the portfolio? You can get rid of TV, fine, but then you are in lighting and in health, and those don't have a lot to do with each other. "

Frans van Houten

" You need to dismount when your horse is dead. What was relevant 20 years ago is no longer relevant today. Therefore, you need to reinvent yourself. "

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" In Kenya, e-learning has taught 12,000 nurses how to treat major diseases such as HIV and malaria, compared to the 100 nurses a year that can be taught in a classroom. "

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" Philips is committed to the circular economy and is applying its principles throughout the organization. We are redesigning our products and looking at ways to capture their residual value. "

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" The global healthcare industry is undergoing a paradigm shift, providing significant opportunities for Philips to deliver more integrated solutions across the continuum of care - from prevention, diagnosis, and treatment to monitoring and aftercare. "

Frans van Houten