In a world driven by technology, connected health will undoubtedly continue to shape the healthcare industry in the coming years. Connected health allows for the remote delivery of health services worldwide, in a process that is seamless and improves the overall accessibility of healthcare. According to analysts at Technavio, the global connected health market, which was valued at nearly $16 billion in 2015, will reach over $51 billion by 2020, growing at an impressive CAGR of over 26%.
Key vendors in the global connected health market
Allscripts
Allscripts Healthcare Solutions, Inc. is a publicly traded American company that provides physician practices, hospitals, and other healthcare providers with practice management and electronic health record technology. Allscripts also provides solutions for patient engagement and care coordination, as well as financial and analytics technology. The company has more than 180,000 physician users and has solutions in 2,700 hospitals and 13,000 extended care organizations.
Apple
Apple Inc. is an American multinational technology company headquartered in California that designs, develops, and sells consumer electronics, computer software, and online services. Apple is the world’s largest information technology company by revenue, the world’s largest technology company by total assets, and the world’s second-largest mobile phone manufacturer.
athenahealth
athenahealth, Inc. is an American company that provides cloud-based services for health care and point-of-care mobile apps. The company was founded in 1997 in San Diego, California and is headquartered in Massachusetts. It has operational sites in Maine, California, Georgia, Texas, New Jersey, and India.
GE Healthcare
Established in 1985, GE Healthcare operates as a subsidiary of GE Electronics. The company manufactures and markets diagnostic imaging systems, cardiac devices, patient monitoring, and healthcare IT solutions, along with providing transformational medical technologies and services. Its ‘Corometrics 170 Series Fetal Monitor’ provides cost-effective, reliable, and accurate fetal monitoring.
Philips Healthcare
A subsidiary of Royal Philips Electronics, Philips Healthcare manufactures and markets diagnostic imaging systems, healthcare IT solutions, and patient monitoring and cardiac devices. When it comes to fetal care, the company manufactures fetal monitors, ultrasound systems, incubators, infant warmers, and infusion sets. In January 2016, Philips Healthcare partnered with Monica Healthcare to provide a fetal monitoring solution to monitor at-risk patients.
Other prominent vendors
Abbott
Abbott Laboratories is an American worldwide health care company. It has 74,000 employees and operates in more than 150 countries. Abbott has a broad range of branded generic pharmaceuticals, medical devices, diagnostics, and nutrition products. The company’s in-vitro diagnostics business performs immunoassays and blood screening. Its medical tests and diagnostic instrument systems are used worldwide by hospitals, laboratories, blood banks, and physician offices.
Agfa-Gevaert
The Agfa-Gevaert Group develops, produces, and distributes an extensive range of analog and digital imaging systems and IT solutions, mainly for the printing industry and the healthcare sector, as well as for specific industrial applications. Agfa’s headquarters and parent company are located in Mortsel, Belgium. The company has production facilities around the world, with the largest production and research centers in Belgium, the United States, Germany and China. Agfa is commercially active worldwide through more than 40 wholly-owned sales organizations.
Cardio Net
CardioNet is known for its development of an integrated technology and service, Mobile Cardiac Outpatient Telemetry™ (MCOT™), which enables heartbeat-by-heartbeat, ECG monitoring, analysis and response, at home or away. CardioNet is focused on helping physicians diagnose and treat patients with arrhythmias, offering them a powerful diagnostic and patient management tool to address these challenges.
Epic Systems
Epic Systems Corporation is a privately held healthcare software company with a focus on large healthcare organizations. The company offers an integrated suite of healthcare software centered on a Caché database provided by InterSystems. Epic’s applications support functions related to patient care, including registration and scheduling; clinical systems for doctors, nurses, emergency personnel, and other care providers; systems for lab technologists, pharmacists, and radiologists; and billing systems for insurers.
F. Hoffmann-La Roche
Headquartered in Basel, Switzerland, F. Hoffmann-La Roche is a healthcare company that operates through two business lines: pharmaceuticals and diagnostics. With offerings like MabThera/Rituxan, Venclexta, and Gazyva, the company has made made its mark in the global CLL therapeutics market. In January 2015, the F.Hofmann-La Roche and Foundation Medicine entered into a strategic collaboration to identify and develop novel treatments for cancer.
Google is an American multinational technology company specializing in Internet-related services and products that include online advertising technologies, search, cloud computing, and software. In addition to its search engine (Google Search), the company leads the development of the Android mobile operating system and has moved increasingly into communications hardware, partnering with major electronics manufacturers.
Honeywell Life Care Solutions
Honeywell Life Care Solutions creates advanced remote monitoring solutions for care providers that will improve the quality of patients’ lives. With more than 70,000 monitors deployed, the company offers the industry’s most advanced and integrated solutions at home and beyond, from remote patient monitoring to telehealth. Their offerings include monitoring services, remote patient management applications, decision support, and evidence-based disease management.
Huawei
Huawei is a leading global information and communications technology (ICT) solutions provider. Driven by responsible operations, ongoing innovation, and open collaboration, the company has established a competitive ICT portfolio of end-to-end solutions in telecom and enterprise networks, devices, and cloud computing. Huawei’s fully connected healthcare solutions provide medical professionals and organizations with the infrastructure they need to collaborate, securely share, process, and use healthcare data more effectively.
Medtronic
Medtronic is a medical device company headquartered in Dublin, Ireland. Medtronic is the world’s largest standalone medical technology development company. Medtronic operates in more than 140 countries, employs over 85,000 people and has more than 53,000 patents.
OMRON
As part of the global Omron Corporation, Omron Automation & Safety is a worldwide company and leading manufacturer of technologically advanced industrial automation products and application expertise. With its Pan Americas headquarters in Illinois, USA, Omron Automation & Safety operates locally from Canadian offices in Toronto and Montreal. Omron Canada Inc. is dedicated to providing unrivaled automation products and customized expert solutions for any industry.
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