It’s like getting

a new life

Circular Economy

At Philips we strive to make the world healthier and more sustainable through innovation and our goal is to improve the lives of 3 billion people a year by 2025. For a sustainable world, we see the transition from a linear to a circular economy as a necessary boundary condition.

A circular economy aims to decouple economic growth from the use of natural resources and ecosystems by using those resources more effectively. By definition it is a driver for innovation in the areas of material-, component and product reuse, as well as new business models such as solutions and services.


In a circular economy, the more effective use of materials enables to create more value, both by cost savings and by developing new markets or growing existing ones. Refurbishing old Philips medical equipment instead of building from scratch is just one way in which we can help to realize this smart, sustainable future.

”Like all major transitions in human history, the shift from a linear to a circular economy will be a tumultuous one. It will feature pioneers and naysayers, victories and setbacks. But, if businesses, governments, and consumers each do their part, the evolution of innovative business models and closed-loop concepts like remanufacturing, refurbishing and parts harvesting, will put the global economy on a path of sustainable growth.Many years from now, people will look back on it as a revolution.”


Frans van Houten, CEO, Royal Philips