Archive | Wearable technology

First Look: Fitbit to Acquire Twine Health

MHW learned Tuesday that Fitbit, Inc. will acquire Twine Health, an innovative health coaching platform.

If you’re not famialir, Twine strives to empowers people to “achieve better health outcomes and helps health systems, health plans and workplace health providers lower healthcare costs.”

A HIPAA-compliant connected health platform, Twine Health delivers an engaging and user-friendly experience to help people manage chronic conditions, such as diabetes and hypertension, and aid in lifestyle interventions, such as weight loss and smoking cessation, by making it easy for care teams of providers, coaches, friends and family to collaborate on care plans.

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NXP and Garmin Team-up for NFC Mobile Payments Via New Fitness Wearables

NXP Semiconductors N.V. today announced that Garmin International, Inc., a unit of Garmin Ltd., has chosen NXP’s PN80T embedded Secure Element (SE) and Near Field Communications (NFC) solution for the recently launched vívoactive 3 and Forerunner 645 Music featuring contactless payment capabilities.

With NXP’s embedded Secure Element technology and innovative Loader Service provisioning solution, Garmin is able to easily and quickly deploy Garmin PayTM in their products without compromising security.

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Strategy Analytics: Hardware Design Limits Usability of Wearable Devices

As the need for complex, differentiated use cases for wearable devices grows, so too will their size and weight increase causing discomfort to users wanting to wear them daily.

A recent study from the User Experience Strategies (UXS) service at Strategy Analytics “UXS Technology Planning Report: Wearables,” investigating the needs, behaviors and expectations of consumers regarding wearable devices, has found hardware design is one of the most obstructive factors for wearable devices because it inhibits what they can actually do.

Key report findings:

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Medical-Grade Wearable Provider Biotricity Aims to Increase Patient Adherence

Biotricity Inc., a medical diagnostic and consumer healthcare technology company dedicated to delivering innovative, biometric remote monitoring solutions, is aiming to change cardiac healthcare into a preventive and cost-savings model that leverages precise biometrics and actionable feedback to motivate patient adherence.

With increased adherence, the company believes “that patients with existing chronic conditions can better manage their health and prevent the onset of co-morbid conditions while facilitating a reduction in healthcare costs.”

We learned this week that Biotricity is developing a spectrum of real-time and high-precision remote patient monitoring solutions (RPM). The company’s premier product, Bioflux, is a high-precision, single-unit mobile cardiac telemetry (MCT) device that provides real-time monitoring and transmission of ambulatory patients’ ECG information.

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Garmin Dazzles with Latest Fitness Tracker’s Powerful Battery

Garmin International Inc. announced this week the rollout of vívofit 4, a daily activity tracker with an incredible 1+ year battery life – no charging necessary – and a sunlight-readable, always-on color display.

From the official release:

Designed for 24/7 wearability, the vívofit 4 is swim- and shower-safe and features a sleek, comfortable band. The vívofit 4 is ready to go right out of the box, and can be paired with a smartphone for additional features. Easy to set up and simple to operate, all that’s left is to put it on and go.

“An activity tracker is only as effective as how often you wear it, and this is where the vívofit 4 really shines – you can set it and forget it,” said Dan Bartel, Garmin vice president of worldwide sales. “It’s the ideal device for customers who want something reliable that they don’t need to hassle with or take off to recharge.”

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IDC Forecasts Shipments of Wearable Devices to Nearly Double by 2021

On Wednesday, MHW was privy to the findings and projections contained in a new report from IDC regarding the continued expansion of the wearables market.

The overall wearables market is expected to grow from 113.2 million shipments in 2017 to 222.3 million in 2021 with a compound annual growth rate (CAGR) of 18.4%, according to the International Data Corporation (IDC) Worldwide Quarterly Wearable Device Tracker.

The most popular wearables to date have been basic wristbands like the Xiaomi Mi Band or Fitbit Charge. However, such wearables are quickly becoming commodities and IDC anticipates low single-digit growth in this category throughout the forecast period.

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Body Sensor Market Sees ‘Lucrative Opportunities’ Across Globe

As per the findings of a new intelligence study by Transparency Market Research (TMR), the prospects of global body sensor market remain positive, with demand projected to increase at an impressive CAGR during 2017 to 2022.

Body sensors are wearables that can constantly track or measure physiological attributes in humans and relay the information on smartphones and other electronic devices.

With the ubiquity of smartphones, the growth in the global body sensor market is augmenting quickly, especially in the developed regions as well as among the urban populations in emerging economies.

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