Major technology companies are increasingly investing in the development of remote monitoring devices to increase the efficiency and effectiveness of health care and increasing their bottom line in the process.

Dutch Philip Electronics is teaming up with the Netherlands’ largest health insurer, Achmea, to develop and distribute home monitoring health care in the Dutch market.

As reported in Reuters, home monitoring is at the heart of Philip’s home health care strategy and they expect their market to double in the coming years.

Philips is not alone.   Earlier this year General Electric and Intel joined forces to develop remote monitoring devices, while Google and IBM have teamed up on software to facilitate grwoth of personal health records.