Wearables: Developments & Challenges
Wearables are now in the focus of media – and it is natural. In this post we show some recent data, forecasts and challenges that are crucial to the market.
BusinessTechInfo cites the report from BI Intelligence
How emerging consumer and professional healthcare trends are driving interest in wearable devices
Some key points from the report:
- While adoption levels are growing, the wearables market is still in the early phases of expansion. Emerging consumer and professional healthcare trends are driving interest in wearables.
- Barriers remain blocking the widespread adoption of wearables in the healthcare sector.
- Consumer-facing products will eventually be used for more advanced medical care.
R-stylelab provides this information
Wearable Tech Trends: Top App Ideas for Business & Everyday Life
November 06, 2015 Maria Shestakova, Digital Marketer
The mobile and wearable app market offers software that can be viewed as a brand-new weapon against obesity, eating disorders and laziness. Here are the top 7 apps for fat-fighters and healthy lifestyle adepts:
- Run 5 K.
- My Diet Coach.
- PT in my pocket.
- Sleep as Android.
- Green Kitchen.
READ the full story HERE
Indian Economic Times has detailed analysis of the market:
The future of wearables
Wearable technology is set to change how we live and work, but is there a cost?
As with any new technology, wearables are surrounded by a busload of market hype. Even market research firm Gartner says as much. According to its latest yearly Hype Cycle of Emerging Technologies, wearable tech is right up there, having just fallen off the Peak of Inflated Expectation and begun the dive into the Trough of Disillusionment.
At the same time, the potential for wearable technologies almost borders on the outrageous. For instance, Gartner expects some 25 million head-mounted displays will be sold by 2018. Rival analysts IDC forecasts a massive 173% jolt this year in wearable sales from 24.6 to 72.1 million. By 2019, it reckons that number will top 155 million, thanks in large part to a boom in sub-$100 fitness trackers. UK research firm, Juniper Research, sees the market for wearables tipping US$80 billion by 2020.
It's all part of what's being touted as the 'Intelligent Systems' market that includes everything from wearables to connected cars. IDC has a dollar amount it thinks this market will be worth by 2019 - a staggering US$1 trillion (US$1000 billion). No wonder you've got just about every company on the planet having a crack at something involving wireless connectivity.
There are two key issues - one is perfecting the small-scale user interface; the other is electrical power.
Seeing the future
While the Apple Watch has captured plenty of attention, the horizon is actually full of smart eyewear - and it's not all about consumers either. There's growing expectation that business could easily become the future driver of wearable technology.
… US smart glasses maker Vuzix has teamed up with enterprise software maker SAP to create two mobility apps - SAP AR Warehouse Picker and SAP AR Service Technician that work with Vuzix's M100 smart glasses.
The smart glasses landscape has clearly changed in the last couple of years since the initial launch of Google Glass. While lesser-known names like Vuzix and Ubimax are kicking goals in the corporate space, some of the biggest brands are also taking positions to grab a chunk of the market.
Headsets heating up
With Facebook flashing the corporate credit card to the tune of US$2 billion to grab hold of Oculus Rift, there's clearly no shortage of interest in the gaming headset market. And not surprisingly, old console rivals Sony and Microsoft are set to crank up the competition, although their plans go way beyond gaming itself.
The natural focus of much of the wearables market is on 'smart' devices at the moment, but they could also eventually change the way we gain entry and pay for goods and services.
Healthcare is fast becoming one of the major battlegrounds for wearable tech in the US, where
The bumpy road ahead
There's no doubt that wearable technology can offer many benefits - from improved health and lifestyle outcomes for consumers to efficiencies and cost-savings for business. But as the wearables market now begins hitting its straps, don't under-estimate the value of data security or how much your personal data is worth.
Read the full post HERE
Advanced Textiles Source describes the smart textiles market:
Success in smart textiles —now and in the future
October 9, 2015 / Janet Preus, Jeff Rasmussen
IFAI’s market research manager Jeff Rasmussen says that the worldwide smart fabrics market is growing at an annual rate of about 18 percent from about $984 million in 2011 to a projected $1.9 billion in 2015.
Transportation (largely because of inflatable seatbelts and heated seats) leads with 27 percent of the market; military and government is close behind with 21 percent, and construction infrastructure holds about 20 percent. Sports and fitness represents about 17 percent of the market with wearable electronics for sports and fitness monitoring. In fact, it is sports and fitness that showed the highest growth rate, worldwide, for 2014. Growth in fashion at 27 percent and medical/health care at 33 percent, were keeping pace with the market leaders.
Advances in nanotechnology are impacting the smart textiles market by incorporating nanoparticles into fabrics to enhance or change properties such as fire resistance, electronic or conductive capabilities and monitoring.
In health and wellness settings, nanomaterials could also respond to injuries by delivering drugs or facilitating sensors that could alert health care providers of blood clots, or even specific diseases.
- The Defense Advanced Research Projects Agency (DARPA), through it’s Warrior Web Program, has been hard at work for several years developing an “exoskeleton suit” that is soft, low-powered and can enhance a soldier’s physical capabilities dramatically.
- Colo.-based Outlast® Technologies phase-change materials, originally developed for NASA, is now used in body armor for police officers made by U.S. Armor to offer lighter weight and temperature regulation.
- British company D30 has a product called Aero D30®Smart Skin, a lightweight, impact-protection layer that can be applied to fabrics.
- South Korea’s Kolon Glotech Inc. has a heat-generating clothing textile that uses a conductive polymer to create heat. Named HEATEX, the fabric heats up uniformly and can be controlled with a smartphone app.
- Omsignal, based in Montreal, Canada, has exercise shirts with sensors that track a variety of data, transmit it to a software cloud and then to a mobile app.
- LifeVest* made by Pittsburgh, Pa. company, ZOLL. The vest is, in fact, a wearable defibrillator—the first to be worn outside the body rather than implanted. It continuously monitors the patient’s heart with dry, non-adhesive sensing electrodes to detect life-threatening abnormal heart rhythms.
- Researchers at the Université Laval’s Faculty of Science and Engineering and Centre for Optics, Photonics and Lasers have developed smart textiles able to monitor and transmit wearers’ biomedical information via wireless or cellular networks.
- Scientists at the University of Illinois have developed an ultrathin, skin-mounted electronic patch that could be used to monitor the brain, heart, and other muscle activity in a noninvasive way.
Market drivers today will continue to influence this progression:
1. The Military, particularly for power sources
2. Technology-savvy younger populations that expect instant connectivity, speed and multi-functionality in communication
3. A burgeoning elderly population that will benefit from more health-related advanced technologies.
Interest in research in flexible electronics, specifically, will continue to be strong, as well as fabrics that incorporate sensors and monitors using Bluetooth Low-Energy (BLE) technology.
With an anticipated world population of 9.7 billion by 2050—75 percent of whom will be living in cities—the ability of smart textiles to help meet the needs of this high population concentration will be important long into the future.
READ the full post HERE
Orange Healthcare presents the challenges for wearables in healthcare in their Infographic - wearable tech boom in healthcare
Health IT Exchange from TechTarget has these observations: For those who need it most, wearables may be out of reach
…wearables … motivate people to stay active, lose weight and monitor their health are out there for anyone and everyone to buy and use … 2014 was dubbed “the year of the wearable” after all.
But the truth is that the people who need wearables the most can’t afford them, a Forbes article said.
It also points that “… online health tools may actually contribute to health disparities…” and … “the cost can be anything but affordable”.
READ THE FULL STORY HERE
Image by MedGizmo