2.6 paper: Write a brief discussion of any relevant domestic or international environmental factors, including political, economic, social, environmental, or technological factors that are...

PESTLE Analysis of Philips Healthcare
Student Name
16th March 2023
Introduction
Philips Healthcare is one of the largest healthcare technology companies in the world, specializing in diagnostic imaging, image-guided therapy, patient monitoring, and healthcare informatics, among other areas. This report will discuss the relevant domestic and international environmental factors impacting the financial results of Philips Healthcare. These factors include political, economic, social, environmental, and technological considerations.
1. Political
The political landscape has a large influence on the operations of Philips Healthcare. Depending upon the market, governments set varying health care regulations, safety standards, and financial incentives that can affect the technology adopted, the services provided, and the costs of operation. For example, in India, the government recently started a new program to reduce out of pocket spending and increase access to health care services by providing financial assistance from a centralized health insurance scheme. This will likely lead to more activity in the healthcare sector, making it more attractive for Philips Healthcare to invest in the country.
On an international level, the potential impact of tariffs, trade unions, and other government restrictions on international trade will likely affect both the supply and demand of Philips Healthcare products and services....