Published:
Telemedicine Revenues to Exceed $1.8 Billion by 2013, Report Projects
The market for telemedicine devices and
services will exceed $1.8 billion within the next five years, with mobile
services companies taking a sizeable chunk of that revenue, market research
firm Pike & Fischer projects in a new report.
In addition, Pike & Fischer predicts that telecommunications companies that
possess both wireline and wireless solutions will be best positioned to
achieve competitive dominance in the telemedicine market.
"Companies such as AT&T and Verizon are capable of providing multifaceted,
converged solutions and can form partnerships necessary to fill gaps in
their organic offerings," says Tim Deal, Senior Analyst for Pike &
Fischer's Broadband Advisory Services and author of the report, "Mobile
Medical Applications and U.S. Telemedicine: Opportunities, Analysis and
Insight."
New wired and wireless broadband networks are saving time and costs in the
medical environment. They allow specialists to remotely triage, diagnose
and monitor medical cases by viewing data and images conveyed wirelessly to
their locations. They also enable specialists to access medical records
and medical reference material that are germane to a specific patient's
case.
The need to control costs, along with the development and expansion of
faster wireless broadband networks, smartphones and data compression
solutions, will drive the market growth, Deal says. AT&T will have the
largest presence in this industry, followed closely by Verizon and Sprint
Nextel, Deal predicts. Smaller software and device manufacturers will
quickly find themselves targeted for acquisition, he says.
Pike & Fischer, a BNA company, offers a host of legal and business products
covering the telecommunications industry. The report, "Mobile Medical
Applications and U.S. Telemedicine: Opportunities, Analysis and Insight,"
is priced at $899 and is available for purchase at
www.broadbandadvisoryservices.com. For analyst commentary or to request a
briefing, contact Tim Deal at 301-576-4096 / tdeal@pf.com.
For information about Pike & Fischer's Broadband Advisory Services, visit
www.broadbandadvisoryservices.com or contact Jonathan Wentworth Ping at
973-718-4703 / jping@pf.com.
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