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Ilika plc

Solid State Batteries for Medtech

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.

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