Within a month of completing the acquisition of Withings, a digital health products company based in France, Nokia recently announced a collaboration with HUS/Helsinki University Hospital and the University of Helsinki Faculty of Medicine both to create innovative solutions for outpatient care, and to foster mutual research and development. The first project under this collaboration will launch this quarter, with Nokia Technologies and HUS working to develop remote patient monitoring solutions. The collaboration is a first for Nokia Technologies, reflecting the company’s intent to enter the regulated healthcare space. According to a PWC report published in 2014, the $ 2.8 trillion U.S. Healthcare market will become a wide open health marketplace in the next decade, as the US transitions towards a “new health economy”. Nokia believes that the barrier between regulated healthcare and direct-to-consumer products is fading away. The aim is to “put everyone in the driver’s seat of their own health”. We believe Nokia is working towards establishing itself in this promising market. The company’s focus on healthcare should drive revenue growth over the long term.
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