Medtronic group president for diabetes and other device franchises Christopher O'Connell told the Wall Street Journal that his company saw "potential" in partnering with other companies for wireless health and was already in discussions with a number of undisclosed companies.

The WSJ also quoted ABI Research analyst Stan Schatt quoting a market value for wirelessly relaying healthcare information at $1 billion over the next five years. The report pointed to the opportunity for diabetic care since it affects 7.8 percent of the population already and it's increasing every year.

The short article quotes a couple of other wireless health thought leaders:

WellDoc's Anand Iyer: "A lot of companies are peddling technology for technology's sake," Iyer said. "That's not going to work."

Qualcomm VP of business development for health life sciences, Don Jones: "Having people diary their trends is something healthcare professionals want, but people don't do reliably. The testing process can automatically start it."

For more, read the entire article from the Wall Street Journal