Shanghai (G-MedTech) — The opening ceremony of Philips Shenzhen Innovation Center was held on April 29. Michiel Bierkens, Netherlands consulate-general in Guangzhou, China and Jian Zheng, Deputy Director of Shenzhen Municipal Bureau of Commerce, attended the ceremony.

As one of Philips’ three newest innovation centers in China, Shenzhen Innovation Center has more than 500 R&D personnel and will rely on Shenzhen’s complete local industrial chain and abundant human resources to develop the products of its healthy life and connected care business.

With the strategy of “In China & for China”, Shenzhen Innovation Center will focus on independent product development and product upgrading, help global products enter the Chinese market, and promote local innovative products to the global market.

Philips has accelerated localization in China since 2021 covering R&D, manufacturing and other functions to significantly speed up local innovation for better serving local customers.

As a key step, Philips has established three innovation centers in Shenzhen, Suzhou and Shanghai, covering the four business sectors of Precision Diagnosis, Image-Guided Interventional Therapy, Connected Care and Healthy Life.

Suzhou Innovation Center focuses on the development of medical imaging systems and Shanghai Innovation Center focuses on the development of softwares. These two centers were put into operation in the first quarter of this year. In the future, the three innovation centers will become the important global innovation forces for Philips, serving both China and global market.

Philips is always committed to benefiting people’s health and well-being through innovation. China now is Philips’ second-largest market globally and is emerging as one of the world’s largest health technology markets. Philips continues to increase investment in innovation in the Chinese market, bringing innovation resources closer to the key markets, and better serving the Chinese market with a faster response, a more accurate perspective, and a more optimized method.

Andy Ho, Member of Philips Global Executive Committee and President of Greater China