With the technological advancements happening day by day, healthcare is gaining more access to patients’ information for an in-depth understanding of their behaviours and improving care. The wearable technology is disrupting the healthcare industry with a rapid increase in the usage of wearables, starting from Fitbit to the medical devices approved by the Food and Drug Administration (USFDA or FDA). According to a report from Markets and Markets, the wearable technology market is expected to reach $51.6 billion in the next three years.
Ilika plc (LON: IKA) has world class expertise in accelerated materials innovation, including in the automotive, aeronautical and electronic components sectors. Global brands such as Rolls-Royce and Toyota have long-term collaborations with Ilika. High throughput technology enables functional materials to be made, characterised and tested up to 100 times faster than traditional techniques. Robust datasets enhance intellectual property value, optimise product performance and reduce time to market, thereby maximising return on R&D investment.
