The Next Phase of Wearables Growth
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Recent announcements have many people questioning the viability of the wearables market, but what we’re seeing is not the beginning of the end of the wearables market. Instead, we’re seeing the end of the beginning phase. We are at the start of a remarkable time when wearables will be more focused on connecting the dots between fitness and health. Going beyond simple health metrics, like step counting, next generation wearables will enable more compelling use cases.
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Hypertension management will change more in the next 5 years than in the last...
Why will managing hypertension change more in the next 5 years than it has in the last 100?
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Consumers have come to expect more from their wearable devices and as the markets for hearables and hearing health devices continue to grow, biometrics have become essential. There are numerous emerging use cases for biometric hearables as a result of the ongoing convergence between the consumer wearables/hearables market and health and medical devices.
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With the rising popularity of fitness wearables and health-tracking devices, biometric sensor technology continues to improve and expand into new form factors and use cases. A major growth area for biometrics in healthcare is in the application of virtual reality (VR) for the treatment of acute and chronic pain. Firsthand Technology is leading clinical application of VR pain relief. Biometrics are integrated at the core of Firsthand’s virtual experiences for biofeedback, assessment, and personalization. In this webinar, Firsthand CEO, Howard Rose, discusses how accurate biometrics impact the user experience and the enormous potential to improve the health and wellness of patients.
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Simplify your search for a reliable Python development partner! This list presents the top 10 trusted US providers offering comprehensive Python development services, ensuring your project's success from conception to completion.
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Acuity is an innovative learning app designed to transform the way you engage with knowledge. Powered by AI technology, Acuity takes complex topics and distills them into concise, interactive summaries that are easy to read & understand. Whether you're exploring the depths of quantum mechanics or seeking insight into historical events, Acuity provides the key information you need without the burden of lengthy texts.
Digital Marketing Trends in 2024 | Guide for Staying Ahead
https://www.wask.co/ebooks/digital-marketing-trends-in-2024
Feeling lost in the digital marketing whirlwind of 2024? Technology is changing, consumer habits are evolving, and staying ahead of the curve feels like a never-ending pursuit. This e-book is your compass. Dive into actionable insights to handle the complexities of modern marketing. From hyper-personalization to the power of user-generated content, learn how to build long-term relationships with your audience and unlock the secrets to success in the ever-shifting digital landscape.
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The Next Phase of Wearables Growth
- 1. The Next Phase of Wearables Growth © 2017 Valencell, Inc Ryan Kraudel Valencell, Inc.
- 2. © 2017 Valencell, Inc Wearables market in flux?
- 3. © 2017 Valencell, Inc First Phase Wearables Focused on general activity tracking, step counting, calorie counting, and reaching movement goals.
- 4. ©2016 Valencell. Inc Heart Rate Chest Straps 1980 Armband Calorimetry 2000 2010 Mobile Tracking Apps Activity Trackers GPS 2006-09 Connected vital signs monitors (not wearable) 2012 2013 Wrist/arm activity trackers Integrated solutions/ smart- devices 2014 -16 Engaging use cases 2017-18 2019-20 Wearable tech growth across industries Wearables are trending towards familiar form-factors, and more compelling use cases The next phase of wearables growth
- 5. © 2017 Valencell, Inc The Next Phase of Wearables Growth Biometrics driving deeper insights into personal health, fitness, and wellness. Value Drivers: • Broad population insights • Deeper individual insights • Predictive analytics • Shifting healthcare delivery
- 6. © 2017 Valencell, Inc Biometrics Proliferating Across Markets Consumer Electronics Military, First Responders, Industrial Safety Health & Medical Wearables AR, VR, Gaming/eSports
- 7. © 2017 Valencell, Inc Impact of Patient-Generated Health Data “Patient-generated health data (PGHD) are health-related data created, recorded, or gathered by or from patients (or family members or other caregivers) to help address a health concern.” - HealthIT.gov Consumer Electronics Health & Medical Wearables
- 8. ©2016 Valencell. Inc Friction exists between consumer & medical wearables markets Consumer fitness wearables • Crowdfunded + relatively light VC • Consumer-scale marketing • Accuracy not a top priority • Loose on validation • Style & branding are critical • Looks for ways to avoid FDA • 2-year product timelines Medical wearables • Heavily venture-backed • Targeted B2B marketing • Accuracy is critical • Heavy on validation • Style and branding are irrelevant • FDA approval is critical to success • 7+ year product timelines
- 9. © 2017 Valencell, Inc Challenges in the Next Phase of Wearables Growth Usability and Motivation Validation & Believability Data Integration
- 10. © 2017 Valencell, Inc What’s taking so long? The companies involved in the first phase of wearables didn’t know what to do with the data. The hardware has been ahead of the software and user experiences. Individualized guidance is hard. 1 2 3
- 11. © 2017 Valencell, Inc So what makes us think it will happen? It’s happening now. The problems are known. Technical and market dynamics are trending positive. 1 2 3
- 12. Q&A
- 13. Thanks for your time! Ryan Kraudel kraudel@valencell.com Twitter: @kraudel Skype: rkraudel