"wearable" articles

Fitbit’s stock had a terrible year in 2016 even though the company posted double-digit growth in both revenues and device sales. That is how tough to be in hardware business these days. Fitbit has never hid its ambition for pursuing growth opportunities via the corporate wellness and health insurance channels, but that growth has yet to be validated through financial metrics. The upcoming fourth-quarter financials and its 10-K report later this year would clear a lot of...
 
by Harry Wang | Jan. 5, 2017
Tags: care management, mHealth, wearable
Fitness device use is most frequent among owners with active gym memberships with no cancellation plans Over one in three fitness tracker and/or smart watch owners have an active gym membership and do not plan to cancel. Past research from Parks Associates has found that many as 10% of fitness tracker and smart watch owners have canceled or plan to cancel their gym memberships as a result of using their device. However, new research is showing that high device usage rate of active...
 
by Harry Wang | Dec. 27, 2016
Tags: fitness apps, smart watch, wearable
It's no secret—the wearables market isn't doing as well as it should be right now. According to Parks Associates' estimates, the leading smart watch—the Apple Watch—experienced a YoY sales decline of ~53% in Q3 2016. Even with the Q4 release of the Apple Watch Series 2, Apple may be on track for moderate growth in 2016 relative to its 2015 debut. Compare this to Fitbit, the leading fitness tracker: as per Fitbit's SEC filings, its sales grew 21% YoY in the nine months ending October...
 
Terry Duesterhoeft , President & CEO, A&D Medical, provides insight on several key industry trends for Parks Associates’ 11th-annual CONNECTIONS™ Summit conference , which will be held January 5 at CES 2017 in Las Vegas: What is the most important next step to engage consumers in smart home solutions, connected entertainment services, and/or value-added services like tech support and connected health? For consumer engagement to occur in full, there needs to be...
After a week-long rumor mill about Fitbit acquiring the struggling smart watch maker Pebble, the suspense ended today when Fitbit announced that it is acquiring Pebble’s software assets and IPs , not the latter’s hardware business. Though it is a smart move to skip Pebble’s hardware business, the rationale for Fitbit to acquire Pebble’s software business remains unconvincing to me. We don’t know the price tag of the deal so have no idea how much value Fitbit attaches to...
 
by Harry Wang | Dec. 7, 2016
Tags: Apple, apps, fitness apps, smart watch, wearable
The most recent issue of the  Lancet Diabetes & Endocrinology published results of a randomized clinical trial evaluating the impact of fitness tracker usage on consumers’ activity levels and health benefits. The trial, taking place in Singapore and involving 800 participants over a 12-month period from 2013 to 2014, found that fitness trackers, such as Fitbit, do not raise activity levels enough to improve health. Even when employers offer financial rewards, the outcome...
 
by Harry Wang | Oct. 5, 2016
Tags: apps, fitness apps, wearable
New Parks Associates research reveals that one in seven U.S. broadband households are interested in a remote health monitoring solution, offered by a hospital/physician group, and receiving reminders from them about how to manage chronic health conditions. The international research firm will address patient engagement at the third-annual Connected Health Summit: Engaging Consumers , August 30 – September 1 in San Diego. The event spotlights health technologies as part of the...
With rising consumer interest and hot venture money, the wearables market for health and wellness has taken a significant stride forward. The industry is currently fixated on who can dominate the wrist, an increasing number of innovations in sensors and form factors open doors for other opportunities—such as smart earbuds. Human ears offer certain advantages for companies seeking to collect biometric data. Ears have blood vessels that supply information about heart rate, blood...

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