Philips Takes on GE, Intel for $8 Billion Remote Health Sales
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Royal Philips Electronics NV aims to prove remote health-monitoring can be efficient and save cash as it competes against companies including General Electric Co. and Intel Corp. in a market that may exceed $8 billion by 2012.
“We’re trying to generate clinical and economic evidence of telehealth’s benefits such as saving money and managing patients more effectively,” Christoph Westerteicher, Philips TeleHealth business director for the European Union, said in an interview. Remote monitoring of patients with chronic problems, such as heart failure and diabetes, is growing “and it’s set to become more relevant for the medical community.”