Intelligent Bio Solutions Announces Strategic Partnership with Vlepis, Provider of Advanced Sensing and Wearable Patch Technologies, to Drive Innovation in Non-Invasive Screening and Consumer Health Monitoring

Core Viewpoint - Intelligent Bio Solutions Inc. (INBS) has entered a strategic alliance with Vlepis Pty Ltd to enhance its position in the consumer health monitoring market, leveraging both companies' technologies and expertise to accelerate the adoption of intelligent testing solutions [1][3]. Group 1: Strategic Alliance and Market Positioning - The partnership aims to combine INBS's non-invasive testing technologies with Vlepis's wearable solutions to enter the rapidly growing consumer health market, which is projected to expand significantly [1][3]. - Vlepis's wearable and software technologies complement INBS's existing products, including the Intelligent Fingerprinting Drug Testing Solution and the SMARTOX SmarTest Patch [1][3]. - The collaboration will focus on research and development, distribution network expansion, and leveraging regulatory expertise to expedite commercialization in key international markets [6]. Group 2: Market Growth and Demand - The global wearable medical devices market is valued at USD 42.7 billion in 2024 and is expected to grow at over 25% annually, reaching USD 168.3 billion by 2030, driving demand for non-invasive health solutions [2]. - The consumer healthcare sector is currently estimated at USD 383.7 billion and is projected to grow to USD 548.7 billion by 2030, indicating strong long-term revenue potential for INBS and Vlepis [3]. Group 3: Technological Integration and Innovation - The partnership allows INBS to evaluate Vlepis's proprietary technologies, which connect wearable devices to cloud-based platforms, enhancing the product ecosystem and customer value [3][4]. - The integration of INBS's Intelligent Fingerprinting System and SmarTest Patch with Vlepis's smart wearables could extend applications into both business-to-business-to-consumer and direct-to-consumer health markets [3][4]. - Vlepis's sensing solutions are designed for rapid customer deployment and adoption, supporting the digital transformation of health monitoring [4][5].