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Telecommunications companies to earn sizeable revenue from telemedicine by 2015
The market for telemedicine devices and services will top $2.0 billion by 2015, with mobile services companies making up a size- able portion of that revenue, according to a report by Silver Spring, MD-based research firm Pike Fischer. In addition, telecommunica- tions companies with wireless and landline capabilities will have the best chance for dominance in the telemedicine market, according to “Mobile Medical Applications and U.S. Telemedicine: Opportunities, Analysis, and Insight.” Companies such as AT&T, Verizon, and Sprint will be the market’s leaders, while smaller firms will quickly find themselves targeted for acquisition, the report predicts. Market growth will be driven by the need to control costs and the develop- ment of larger, faster wireless broadband networks, Smartphones, and data-compression solutions.