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Ilika plc

Applications Driving Growth in Medical Sensors Industry

The growth in medical sensors is due to the fact that the past decade has been one of digital medicine innovation. With increasing use of digital technologies to provide improved health care, facilities have augmented electronic devices that help in collection of medical data. These devices include smart watches, smartphones and other similar devices.

The demand for medical sensors has also increased at a rapid rate. Moreover, rising government initiatives for increasing adoption of mHealth (mobile health) products and high demand for Internet of Things (IoT) in the medical sector has boosted demand in the global medical sensors market.

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.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.