Sprint (Overland Park, KS, USA) is partnering with IDEAL LIFE Inc. (Toronto, Canada) to expand IDEAL LIFE's product portfolio to include embedded wireless devices. The companies will develop, certify and co-market a version of the IDEAL LIFE hub to transmit health data over the Sprint network.
IDEAL LIFE manufactures in-home health monitoring equipment for individuals with chronic conditions such as congestive heart failure, hypertension, diabetes, asthma and obesity. The agreement between Sprint and IDEAL LIFE means that the entire system will work wirelessly utilizing Sprint’s machine-to-machine platform to transmit medical data to health care providers to support diagnosis and general monitoring.
Sprint's network (inclusive of roaming) reaches more than 309 million people in the United States, Puerto Rico and the U.S. Virgin Islands. Transmitted data can include the patient’s glucose, blood pressure, weight, heart rate and oxygen level. IDEAL LIFE products are FDA approved for over-the-counter sales and HIPAA compliant for patient confidentiality.
According to Tim Donahue, VP of Industry Solutions for Sprint, “mobile embedded solutions and partnerships present an opportunity to streamline health care and provide greater access to quality information at less significant cost and effort."
The market for remote monitoring is strong: the Health Research Institute estimates the annual consumer market for remote/mobile monitoring devices to be $7.7 billion to $43 billion, based on the range consumers said they would be willing to pay.
Historically, network infrastructure is the most expensive component in a mobile operator's overall CAPEX, which holds true in China, the biggest and fastest growing 4G market in the world. This report provides an in-depth overview of market revenue, equipment shipments, and the competitive landscape for carriers. Buy now