Pangea has partnered with Ideas in Medicine which will see both company’s take healthcare and medical solutions to market. As the IoT market grows, Dan Cunliffe (pictured), MD of Pangea, expects there to be several opportunities prevalent in the mHealth sector which he believes could generate significant revenues.
Ideas in Medicine are experts in working with partners to realise their healthcare and medical innovation and taking it to market, utilising the Ideas in Medicine global network of innovators, investors, entrepreneurs, legal minds, distributors, marketers, and mentors.
For those who have not come across the term IoT, it stands for Internet of Things and is said to be the next major growth area within the Telecoms market on a global scale. Gartner estimates that the Internet of Things (IoT) will support total services spending of $235 billion in 2016, up 22 percent from 2015.
Cunliffe commented, “The current opportunity for the IoT market within the health sector is truly exciting. mHealth showed a significant growth in the last year, from 19% to 28%. The team at Ideas in Medicine are doing exceptional work to help many companies and great ideas become world leaders in their field. By combining our global platform for connectivity and IoT solutions, we hope that this partnership can only accelerate the growth of these mHealth opportunities.”
Director and Founder, Graeme Smith has worked in the healthcare and medical products market for 25 years and has worked in 55 different countries internationally. He said, “We are very excited to bring a global IoT and connectivity specialist to our offering for our clients. Pangea has a global presence and a capability to deliver a part or all of the mHeath solution for our clients.”