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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