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Ilika plc

How sensors and wearables are adding a whole new meaning to remote patient monitoring

Traditional remote patient monitoring (RPM) is evolving at a rapid rate due to a number of external factors. We are seeing new market pressure coming from giants such as Apple, Google and Amazon looking to manoeuvre into the healthcare industry.

Changing population demographics are themselves sparking healthcare reforms. As the demographic shifts and results in ageing populations in both emerging and developing nations, the prevalence of chronic diseases will continue to rise and health systems are under pressure to change; prompting new ways to deliver healthcare. RPM is now being explored more seriously as a method of managing rising health costs due to chronic conditions.

With a finite number of clinicians and caregivers, it’s clear that smart technology will be used to ease the pressure on human resources. Wearables are an obvious method to monitor remote patients and deliver data to the relevant healthcare expert. At IDTechEx our analysts have tracked three waves of sensor and wearables development in RPM.

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.