m-health revenues to hit $138 billion by 2020: Strategy Analytics

Verizon’s partner program shows that mobile operators are increasingly focused on developing m-health solutions as part of their M2M offerings, according to new research from Strategy Analytics.

Predicting that revenues from the global m-health market will reach $138 billion by 2020, the market-research company says Verizon (New York City, NY, USA) has recently taken steps to consolidate and redesign its partner program to produce a more streamlined organization.

Verizon’s partner program shows that mobile operators are increasingly focused on developing m-health solutions as part of their M2M offerings, according to new research from Strategy Analytics.

Predicting that revenues from the global m-health market will reach $138 billion by 2020, the market-research company says Verizon (New York City, NY, USA) has recently taken steps to consolidate and redesign its partner program to produce a more streamlined organization.

Specifically, the US operator is partnering with two telehealth solutions providers – Carematix (Chicago, IL, USA) and Sonicu (New Palestine, IN, USA) – and offering its partner program initiative as a catalyst for the adoption of M2M wireless healthcare services.

As the industry continues to evolve, notes Strategy Analytics, a growing number of medical device manufacturers are introducing M2M services to improve patient care.

“m-health is a key driver in the world’s developed and developing regions, through growth in both dedicated devices and mobile handsets,” said Gina Luk, a senior analyst of mobile workforce strategies at Strategy Analytics.

“Strategy Analytics is pleased to see Verizon expanding its partnership and offering a portfolio of managed, IT and consulting services for the healthcare industry to help transform patient care delivery, enhance access to care and better manage costs,” she said.

According to Andrew Brown, the director of M2M research at Strategy Analytics, Verizon has plenty to gain from its investments and activities in this area.

Brown says that Verizon will have opportunities to offer value-added services to the healthcare industry that take advantage of its network and technology capabilities.