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3.4 | Andover, MA | Hospital & Health Care | 10000+ Employees
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Posted 2 months ago on July 31, 2019

Market Analysis & Forecasting Analyst

Full-time in Cambridge, MA
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Philips is a hospital & health care company headquartered in the Andover, MA area with 10000+ employees. Philips has a 3.4-star InHerSight Score, based on 1,017 ratings from 69 current or former employees. 22 employees have left comments about their experience working for the company on InHerSight.

Job Title

Market Analysis & Forecasting Analyst

Job Description

The Role:

The Market Analysis & Forecasting (MA&F) analyst role offers an opportunity to join an established team helping to reshape the Philips HealthTech opportunity shaped by convergence between Healthcare and Consumer markets. This opportunity range from intersection of consumer and clinical spaces, going through customers expressing need for integrated solutions, systems integration, connected devices, to big data and analytics.

This convergence is captured in the health continuum starting with the (a) Healthy Living, (b) Prevention, followed by (c) Diagnosis, (d) Treatment, (e) Recovery and ending with (f) Home Care.

You will identify and gain an in-depth understanding of key global and local market drivers spanning through the Health Systems business segments: diagnosis, treatment and recovery of the healthcare continuum to build market size and forecasting models for those specific business segments. These models, and your insights generated through the modeling process, will be integral in shaping business strategy and driving the planning process within Philips HealthTech.

This new position will work side-by-side with the Strategy, Merger & Acquisitions and Partnerships and Business Development teams, and will have a direct line of access to the Philips geographic market leaders and the Health Systems business segment management teams.

Your responsibilities:

  • Build comprehensive market size and forecasting models (in excel)
  • Develop expertise in your segment’s product offerings and market dynamics  and generate insightful analyses for key executives across Philips HealthTech
  • Collaborate on a project basis with group strategy and business development, business groups and markets organizations, marketing intelligence teams, finance, investor relations, among others key stakeholders to leverage the MA&F’s models and analytical capabilities
  • Manage historical market share performance and develop competitor analyses for key stakeholders
  • Develop and maintain relationships with key members of the markets and business groups teams to capture relevant data points and knowledge required to drive further model forecast accuracy

Your team:

You will be situated within the Market Analysis & Forecasting team, which reports into the Head of Strategy, Merger & Acquisitions and Partnerships of Philips. The team is composed of analysts covering the businesses and activities of Philips. The MA&F team is the analytical power house within Philips HealthTech, providing fact-based market models and insightful analyses to key stakeholders across HealthTech’s business sectors and geographies.

As a team member in one of Philips HealthTech Group functions, you will be at the heart of our worldwide company. These Group departments play a key role in supporting the Royal Philips Executive Committee.

Your work will directly impact Health Systems segment business decisions, deliver underpinned measurement of our performance, and be integral in setting company-wide strategy.

What we look for:

Candidates must have a university degree, preferably in, Engineering or Business / Finance (MBA, PhD or other relevant graduate degree is a plus). Strong preference for MD with analytical experience.

Successful candidates should (1) have outstanding analytical skills, (2) be comfortable networking both within and outside Philips and (3) possess solid presentation skills to deliver various market insights to key Healthtech business group and geographic market decision makers.  We expect our team members to exhibit a high level of integrity, stress resistance, flexibility and creativity.

The analyst position will focus on the Connected Care cluster focusing on the Monitoring & Analytics and Therapeutic Care businesses.

With key Health Systems locations across the world, the travel requirement is roughly 20%.This will include international travel.


  • Minimum of 10 years of experience in an analytical role
  • Minimum of 3 years of experience in disposable/implantable medical devices
  • Proven background in healthcare market analysis, i.e., sell-side equity research analyst, investment banker (Project finance) or other relevant employment
  • Should have international exposure


Boston area (Cambridge), Massachusetts, USA

Philips is an Equal Opportunity Employer

At Philips, we enable our employees to create a legacy in life through their work and support their development through people-centric learning, total rewards and personalized development planning programs. We understand the importance of a healthy work-life balance and strive to provide our people with what they need to achieve that balance.

Why should you join Philips?

Working at Philips is more than a job. It’s a calling to create a healthier society through meaningful work, focused on improving 3 billion lives a year by delivering innovative solutions across the health continuum. Our people experience a variety of unexpected moments when their lives and careers come together in meaningful ways.

To find out more about what it’s like working for Philips at a personal level, visit the Working at Philips page on our career website, where you can read stories from our employee blog. Once there, you can also learn about our recruitment process, or find answers to some of the frequently asked questions.

It is the policy of Philips to provide equal employment and advancement opportunities to all colleagues and applicants for employment without to age, color, citizenship, disability or perceived disability, ethnicity, gender, gender identity or expression, genetic information, marital or domestic partner status, military or veteran status, national origin, pregnancy/childbirth, race, religion, sexual orientation, or any other category protected by federal, state and/or local laws. Philips is an equal employment opportunity and affirmative action employer Disability/Veteran.

As an equal opportunity employer, Philips is committed to a diverse workforce. In order to ensure reasonable accommodation for individuals protected by Section 503 of the Rehabilitation Act of 1973, the Vietnam Veterans' Readjustment Act of 1974, and Title I of the Americans with Disabilities Act of 1990, applicants that require accommodation in the job application process may contact 888-367-7223, option 5, for assistance.


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