๐ฏWe are witnessing the wearable revolution -By 2021, $29bn was spent globallyโmore than half the amount spent on sporting goods!
In 2021 about 1in 4 Americans was estimated to own a smartwatch or a fitness tracker & ๐ฌ๐จ๐ฆ๐ 400๐ฆ ๐๐๐ฏ๐ข๐๐๐ฌ ๐ ๐ฒ๐๐๐ซ (๐จ๐ ๐๐ฅ๐ฅ ๐๐ซ๐๐ง๐๐ฌ) ๐๐ซ๐ ๐๐ฑ๐ฉ๐๐๐ญ๐๐ ๐ญ๐จ ๐๐ ๐ฌ๐จ๐ฅ๐ ๐ ๐ฅ๐จ๐๐๐ฅ๐ฅ๐ฒ ๐๐ฒ 2026, up from 200m in 2020.
๐ฏThere are more than 400,000 health and wellness apps on the Apple and Google app stores with 250 new ones added daily. Appetite for them is healthy, with around 5m app downloads per day. ๐๐ฎ๐ญ 95% ๐จ๐ ๐ญ๐ก๐จ๐ฌ๐ ๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐๐ฌ ๐ฐ๐ข๐ฅ๐ฅ ๐๐ ๐๐๐ฅ๐๐ญ๐๐ ๐ฐ๐ข๐ญ๐ก๐ข๐ง 24 ๐ก ๐จ๐ฎ๐ซ๐ฌ.
๐ฏ Recent review by IQVIA states that they are 384 wearable devices
marketed to consumers including wrist-worn fitness trackers, sports watches, to smart jewelry, sensor-bearing headsets, patches, straps, clip-ons & even clothes that monitor activity.
๐ฏ These devices measure a wide array of health variables, including
sleep, temperature, breathing, blood pressure, oxygen saturation, blood sugar and electrical activity of the heart.
๐ฏ Rockley Photonics Inc. which provides sensor technology to
big consumer and medical-device manufacturers, claims its newest
sensor can measure ๐ก๐ฒ๐๐ซ๐๐ญ๐ข๐จ๐ง, ๐ฌ๐ฎ๐ ๐๐ซ, ๐๐ฅ๐๐จ๐ก๐จ๐ฅ, ๐ฅ๐๐๐ญ๐๐ญ๐ (๐ซ๐๐๐ฅ๐๐๐ญ๐ข๐ง๐
๐ฆ๐ฎ๐ฌ๐๐ฅ๐ ๐ข๐ง๐๐ฅ๐๐ฆ๐ฆ๐๐ญ๐ข๐จ๐ง ๐๐ซ๐จ๐ฆ ๐๐ฑ๐๐ซ๐๐ข๐ฌ๐), ๐๐ฌ ๐ฐ๐๐ฅ๐ฅ ๐๐ฌ ๐๐จ๐ซ๐ ๐๐จ๐๐ฒ ๐ญ๐๐ฆ๐ฉ๐๐ซ๐๐ญ๐ฎ๐ซ๐ & blood pressure.
๐ฏ HumanFirst, maintains a catalogue of connected devices for remote patient monitoring & has identified ๐ก๐ฒ๐๐ซ๐๐ญ๐ข๐จ๐ง, ๐ฌ๐ฎ๐ ๐๐ซ, ๐๐ฅ๐๐จ๐ก๐จ๐ฅ, ๐ฅ๐๐๐ญ๐๐ญ๐ (๐ซ๐๐๐ฅ ๐๐๐ญ๐ข๐ง๐ 1,200 ๐๐ข๐ ๐ข๐ญ๐๐ฅ ๐ฌ๐๐ง๐ฌ๐จ๐ซ๐ฌ ๐ญ๐ก๐๐ญ ๐๐ซ๐ ๐ญ๐ข๐๐ ๐ญ๐จ 8,000 ๐ฉ๐ก๐ฒ๐ฌ๐ข๐จ๐ฅ๐จ๐ ๐ข๐๐๐ฅ & ๐๐๐ก๐๐ฏ๐ข๐จ๐ฎ๐ซ๐๐ฅ ๐ฆ๐๐๐ฌ๐ฎ๐ซ๐๐ฌ.
๐๐๐ง๐ฌ๐จ๐ซ ๐๐ฅ๐๐ข๐ฆ๐ฌ ๐๐ก๐๐๐ค?
๐ฏ Apple watch has the highest accuracy for heart rate; Fitbitโ s devices had consistently good accuracy on step counts;, None of the devices was good at calorie counts, ๐ฐ๐ข๐ญ๐ก ๐๐ฌ๐ญ๐ข๐ฆ๐๐ญ๐๐ฌ ๐จ๐๐ ๐๐ฒ ๐ฆ๐จ๐ซ๐ ๐ญ๐ก๐๐ง 30% ๐๐จ๐ซ ๐๐ฅ๐ฅ ๐๐ซ๐๐ง๐๐ฌ
๐ฏAll devices struggle with accuracy for sleep tracking though Fitbit and Oura have had reasonable accuracy
๐ฏFitbitโs devices identified cases of atrial fibrillation correctly 98% of
the time whereas Appleโs did so 89% of the time -comparing them is tricky, however because the studies differed on average age of participants
Quote of the article, "๐ป๐๐ ๐๐๐๐๐๐๐ ๐๐ ๐๐๐๐ ๐๐๐๐๐๐ ๐
๐ ๐๐๐ ๐๐๐๐ ๐๐๐๐
๐ ๐๐๐๐
๐๐๐ ๐๐๐๐ ๐๐ ๐๐๐๐ ๐
๐๐๐๐๐๐๐
. ๐ป๐๐๐ ๐๐๐๐
๐ ๐๐๐๐
๐๐๐ ๐๐๐๐ ๐๐ ๐๐๐๐ ๐
๐๐๐๐๐๐๐
๐๐๐ ๐๐๐๐," says Liz Ashall-Payne CEO Orcha.
Thanks to Marc Sluijs Murray Aitken Matteo Berlucchi for their insights.
Excellent article by The Economist, #digitalhealth #artificialintelligence #innovation