Where do medical products fit into this continuum of self-sufficiency versus outsourcing?
Medical has some of each. If I take CT scanners and other detector technology, that’s where the cutting edge is. This is a source of competitive advantage, so you develop it, you own it, you manufacture it, you market it. But the printed circuit-boards in the control cabinet? I heavily outsource that. That’s a standardized process. Can you talk a little more about the promise you see in the health-care market? Everywhere, health care is a Top 3 issue, and that offers tremendous opportunities for companies like Philips. The biggest health-care market in the world is the U.S., followed by Japan. But already today, China is the third-largest market out of areas where we operate. If you go to India, China, or Thailand, you will find high-end hospitals that are totally comparable to what you see in the Cleveland Clinic or the Wisconsin Heart Hospital. But on the other hand, there also are people who live on a few dollars a day who need very basic access to health care. Your product catalog
