Tag: wearable technology

The FDA sees potential in wearable technology use

| December 28, 2015

The U.S. Food and Drug Administration is looking at a new wave of wearables that can monitor serious illnesses.

While fitness trackers such as the popular Fitbit and Jawbone gadgets, there is a new form of wearable technology making its way into the marketplace and in this case, it will be necessary for FDA approval to be issued in order to be able to sell them in the United States.

That said, the FDA is looking forward to the opportunity to find certain wearables that work for medical purposes.

The first waves of these wearable technology devices are going to be heading to market soon, after extensive time in the lab in which they have been developed and extensively tested in order to meet the requirements of the FDA. These gadgets have been created in order to detect, monitor and track serious diseases in their wearers. This could help to enhance and broaden access to high quality health care and could create a new industry worth tens of billions of dollars.

This new wearable technology business opportunity could be very helpful for patients with diabetes, epilepsy and other illnesses.

Wearable Technology - FDAThe FDA is already getting itself ready to handle the anticipated influx of mobile health gadgets that are hoping to be released pending its approval. According to the associate director for digital health with the agency, Bakul Patel, the FDA is already in the process of reviewing three new applications for senior health scientist positions that will have a focus on that specific category.

Despite the fact that the FDA has been called a barrier to innovation by certain entrepreneurs in the tech industry, the agency is hoping to alter that reputation and to become an important partner in the effort to ensure that devices can be developed that will be genuinely helpful in improving the health and quality of life of medical patients. It is also keen to encourage health insurance companies to start covering devices that receive official approval.

After all, patients, doctors, insurance companies and tech developers, alike, want to know that there is actual clinical benefit to a wearable technology device before it is released to market along with a slew of promises.

Is wearable technology a flash in the pan to end in 2016?

| December 24, 2015

Some predictions are starting to suggest that wearables are going to start disappearing next year.

Venture capital partner, Rick Yang, from New Enterprise Associates has released a prediction that the year ahead will be a critical one in wearable technology in which many of the devices we currently see on the market will be dying off forever.

Yang spoke specifically of the first generation devices that laid a foundation but that are rapidly being replaced.

According to the prediction from Yang, first generation wearable technology devices such as Google Glass, the Apple Watch and even the original Fitbit and Jawbone fitness trackers were vital to opening up the door to a spectrum of new and far more fashionable gadgets. He explained that “What that means is the wearable that integrates very directly into your everyday life, into your existing fashion sense to the extent that nobody knows you’re wearing a wearable.”

Yang added that the later generations of wearable technology feel more like an accessory than tech.

Wearable technology and the futureHe said that with the maturity of the market, luxury brands are going to start coming out with their own versions of smartwatches like the Apple Watch. This is already being seen in some important announcements of partnerships between luxury watchmakers and design houses that are working with tech giants to come out with appealing fashion accessories that have the features expected from wearables.

Yang said that “At the premium end of the spectrum, it’s something like a Tag Heuer, right? It looks like a Tag, but it provides much more functionality than a Tag.” He also pointed to Athos, the startup supported by venture capital, which develops and manufactures workout clothes with embedded sensors for smart features. These smart clothes track heart and respiration rate, muscle groups and other health and performance issues.

To Yang, the most important feature of wearable technology in the future will be that it will function without feeling like a device is actually being worn. That way, a user can continue with his or her regular routines without having to think about whether or not gadgets are involved.