The sector of Philips our product will fall under is the Consumer Lifestyle sector, which includes Norelco, AVENT, and Sonicare. During the year 2011, this sector sold €5.83 million, $7.55 million, in sales. The company as a whole made $5.12 billion in sales by the end of 2011.
The market for baby bottles, which is an important sector of the infant/newborn product industry, is an industry that is dominated at the top by companies such as Philips AVENT, which provides a wide array of products for infants and newborn babies. As their website indicates, “Philips AVENT is a leader in parenting and baby products. The Philips AVENT products range includes breastfeeding, bottle