The healthcare sector, or Medtech, is changing to embrace the interconnectivity of the Internet of Things for more proactive patient health management. This has created a demand for remote patient monitoring, with devices needed to monitor and report vital data to central healthcare providers. IoT Healthcare sector revenues are forecast to be around $409.9Bn by 2022 (Grand Review Research, 2016). Improved interaction with patients through smart technology requires medical devices that:
- Improve patient experience by remote monitoring without need to visit place of care.
- Help patients to self-serve by being able to use more sophisticated devices to look after their condition better themselves.
- Improve reaction time for changes in conditions, plus the distribution and optimisation of medicines.
Ilika plc (LON:IKA) is a pioneer in materials innovation and has been inventing new materials for energy and electronics applications for over a decade. Global brands such as Rolls Royce and Toyota have long term collaborations with Ilika’s development teams.
