Philips Launches AI Marketplace

Jul 17, 2025 - 14:00
Philips Launches AI Marketplace

Cambridge, Mass.-based Royal Philips (NYSE: PHG), a global leader in health technology, today announced the launch of the Philips ECG AI Marketplace, a platform that gives cardiac care teams access to multiple vendor offerings all in one central location to help clinicians manage and implement AI-powered diagnostic tools more easily.

Anumana, an AI-driven health technology company committed to transforming the continuum of cardiac care, is the first organization to leverage Philips’ platform. Its FDA-cleared ECG-AI™ LEF (Low Ejection Fraction) algorithm will be available in the Philips ECG AI Marketplace.

As clinicians become more comfortable using AI-powered tools, healthcare organizations have adopted multiple vendors’ platforms and solutions. The Philips ECG AI Marketplace enables U.S. hospitals and health systems to integrate validated algorithms into their workflow and existing Philips infrastructure.

The Marketplace also gives cardiac care teams direct access to a broad portfolio of AI tools at the point of care, helping reduce the time it takes for clinicians to review ECG results and fast-track diagnoses for patients. The platform’s ability to manage vendor connections for each AI solution also improves operational costs and efficiency by removing the need to devote hospital IT resources to overseeing the different interfaces for every tool.

PHG shares kicked off the Thursday session up seven cents to $24.45.