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How will Philips' market share in medical devices change by the end of 2024?
5
Resolution / Starting Odds
Significant increase • 33%
Moderate increase • 33%
No change or decrease • 34%
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Story
Philips Settles US Lawsuits Over Faulty Ventilators for $1.1B, Shares Jump 43%
Apr 29, 2024, 07:05 AM
Philips has agreed to pay $1.1 billion to settle personal injury lawsuits in the United States related to a global recall of ventilators, which were found to expel debris, used to treat sleep apnea. The settlement amount was significantly lower than the anticipated $4.5 billion, leading to a substantial increase in Philips' stock price. Shares of the Dutch medical devices maker surged by up to 43% following the announcement of the settlement, which was described as 'much milder than feared.'
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Increase in market share • 33%
No change in market share • 33%
Decrease in market share • 33%
Increase above $30 billion • 33%
Stable around $28.9 billion • 33%
Decrease below $28 billion • 33%
Launch of new products • 25%
Restructuring of the company • 25%
Investment in quality control improvements • 25%
No significant changes • 25%
Less than 5% • 33%
5% to 15% • 33%
More than 15% • 34%
High adoption in diagnostics • 25%
High adoption in surgical assistance • 25%
High adoption in personalized medicine • 25%
Limited adoption across sectors • 25%
Increase • 33%
No significant change • 33%
Decrease • 33%
Ozempic gains over 30% market share • 25%
Ozempic gains 10-30% market share • 25%
Ozempic gains less than 10% market share • 25%
Ozempic loses market share • 25%
Market position strengthened • 33%
Market position weakened • 33%
Market position remains stable • 34%
Increase by more than 5% • 33%
Remain within ±5% • 33%
Decrease by more than 5% • 33%
Significantly positive • 33%
Moderately positive • 34%
No significant change • 33%
Increase in market share • 33%
No significant change • 33%
Decrease in market share • 34%