Rob Phillips, Managing Director of professional battery manufacturer Accutronics, has identified several key trends that are emerging in the MedTech sector, from rising energy densities to new innovations such as wireless charging. He offers his insights into these trends, where he predicts to see the most market growth in the next twelve months and where Accutronics fits into the industry.
Who are you and what do you do?
I'm Rob Phillips, Managing Director of Accutronics. Accutronics is a successful independent battery business serving specialist OEM’s in the medical device market and similar sectors, specialising in developing and manufacturing high-performance smart battery and charger systems. We have an excellent portfolio of demanding OEM customers, who enjoy a real competitive advantage from their long-term partnerships with us.
As well as the medical and healthcare sector, our smart batteries are used in defence and security, as well as industrial test and instrumentation sectors. From small credit-card sized batteries for use in wearable medical devices to intelligent power vaults for use in high-power, high-discharge environments in hospitals, we make them all.
Some of our technical achievements include class leading protection circuits that prevent batteries from over charging, over discharging and overheating, as well as algorithmic security that prevents fake batteries from being used in life-critical medical applications.
How would you sum up your company?
Accutronics enables forward-thinking MedTech companies to create and deliver the next generation of portable medical devices.
As a leading battery manufacturer, we're dedicated to helping overcome new challenges including the use of portable devices in extreme environments, as well as improved battery security aimed at eliminating counterfeits. To do this, we've brought together a passionate team of designers, engineers and market specialists to apply their expertise in creating the battery solutions of tomorrow.
Name a business achievement you are most proud of?
Having grown the company from a startup in 2009, during one of the worst recessions in history, Accutronics is now a first-choice partner for some of the world's leading MedTech OEMs. This is something we're really proud of.
What excites you about this industry?
The environment of constant innovation is enthralling. Knowing that all these efforts are aimed at improving people's lives and the quality of their health makes this a very rewarding industry to be in. On top of this, there are real opportunities open to smaller and medium-sized companies to play a significant role in this innovation.
We've identified several key trends in the MedTech sector: battery energy densities are rising, as more and more equipment is becoming mobile; security is a big concern, especially when it comes to counterfeit batteries; the demand for premium medical devices in the Asian MedTech sector is growing rapidly; new innovations such as fast and wireless charging are on the rise; and finally, the development of antimicrobial polymers and surfaces is providing an extra line of defence against superbugs.
Where do you predict industry growth will come from over the next 12 months?
The BRIC countries (Brazil, Russia, India and China) are widely recognised as being economies with the fastest growing infrastructure in areas such as health service assets, transportation and specifically portable medical devices, which will deliver increased flexibility and value to healthcare users. This is where we expect most of the growth to come from.
Which medical device do you wish you had invented and why?
The plastic syringe, as it's one of the most versatile products. It's more robust and lighter than glass. It's much cheaper to manufacture, there must have been millions manufactured already. Products like the plastic syringe offer a lot of scope for use in the field and are indispensable in places like Africa where the logistics of medical equipment can be very challenging.