Philips and Masimo have renewed their strategic partnership to focus on developing patient care solutions, with a primary emphasis on advancing patient access to monitoring and measurement technologies. The collaboration will integrate Masimo’s sensor technologies into Philips’ patient monitoring platforms to enhance data reliability and support continuity of care.

The companies plan to collaborate on next-generation monitoring solutions that address emerging clinical needs, such as greater patient mobility. This partnership aims to build on their legacies of innovation and ensure that Masimo’s technologies reach more patients for improved outcomes.

In a similar move, Philips also renewed a relationship with Medtronic to create a more comprehensive patient monitoring solution. Medtronic partnered with the Manchester University NHS Foundation Trust to co-develop healthcare technologies, including a remote monitoring pathway named TriageHP Plus. The global remote patient monitoring market is forecast to grow to nearly $26bn by 2034.

The strategic partnership between Philips and Masimo with a focus on sensor technology was originally reported by Medical Device Network. The collaboration aims to enhance patient care by integrating advanced monitoring solutions that support clinicians in delivering the best possible care.

Read more at Yahoo Finance: Philips and Masimo extend strategic partnership with sensor tech focus