Koninklijke Philips N.V., Medtronic and Boston Scientific Corporation Industries – Notable Market Participants in Remote Patient Monitoring Devices Industry
The remote patient monitoring devices market is highly competitive in nature with considerable number of players, having a high level of consolidation overall revenue share. Most of the companies operating in the remote patient monitoring devices market are present globally and have wide distribution and sales network through partnerships or authorized dealers.
The most notable market participants are Koninklijke Philips N.V., Medtronic Plc., Nihon Kohden Corporation, Welch Allyn, Abbott Laboratories, GE, Honeywell, Boston Scientific Corporation, F. Hoffmann-La Roche AG, American Telecare Inc., Johnson & Johnson, Biotronik SE & Co. KG, Masimo Corporation and Omron Healthcare, occupying a considerable share of the market owing to their offerings to the market.
Market leaders are involved in providing the products and systems that contribute to quality enhancement and cost efficiency within healthcare and life sciences. For instance, in May 2018, Boston Scientific have launched the HeartLogic Heart Failure Diagnostic system in Europe. It is the first and only diagnostic tool that enables proactive heart failure (HF) care in Europe.
Many well-known as well as small local companies are present in the market to provide diversified products to its customers. The larger firms are adopting the strategy of acquiring small firms to enhance its product portfolio and expand its footprint in different geographies. Additionally various companies are also undergoing other strategic alliances such as acquisitions and others to garner their significance and remain competitive in the market. Few on the important key developments from the industry are mentioned below:
| Year | News | Region |
| 2017 | Honeywell announced the product launch of LifeStream 5.2 which is the latest version of industry-leading, FDA-cleared telehealth software. | North America |
| 2016 | Koninklijke Philips N.V. introduced a series of intelligent and comprehensive connected radiology solutions. These solutions will help in enhance diagnostics, improve patient care and operational efficiencies. | Europe |
| 2015 | Omron Healthcare, Inc., the leader in home blood pressure monitoring, announced today the launch of a new blood pressure monitor (HEM-9200T) it can be monitored via smartphone, tablet, or other gateway devices for telemedicine and telehealth applications. | Asia Pacific |
