Subscribe Wearables, Usables & Expendables
Reports & Data
2Q 2017 | IN-4582
After Fitbit announced that it is developing a smartwatch during its 4Q 2016 earnings call in January (2017), more details were brought to light. The smartwatch will include several features, such as a built-in GPS chip, a heart rate monitor, the ability to pair with Bluetooth headphones, a four-day battery life, and, interestingly, the ability to make wearable proximity payments. Initially, the device release was scheduled for 2Q 2017, ahead of Apple’s normal fall announcement, but production delays ultimately pushed that back to 3Q 2017. When released, the smartwatch is expected to have a price tag of US$300.
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Global healthcare spending is at record levels, driven by the cost of an aging population and the associated long-term care for chronic conditions like heart disease, diabetes, and obesity. Employers are facing these healthcare burdens, as well. Unwell employees cost companies more through increased health insurance plan costs. On average, they also experience more absenteeism than their peers and are generally less productive. This challenge is pushing employers, and the healthcare industry as a whole, to develop new products and solutions that can improve the health of individuals worldwide.
Over the past several years, employers have begun integrating wearable wireless devices into their wellness programs. These devices brought a new level of activity management and analysis to corporate wellness programs. They also increased employee participation rates and drove preventative programs for those covered by these programs.
This webinar will include an examination of the key drivers pushing wearable devices into corporate wellness programs, as well as what will drive success and competition in this market over the next five years. It will also include an overview of the major market players, including device manufacturers, insurance companies, and wellness providers, as well as how their efforts will converge to drive employee adoption and engagement into these programs. Additionally, the webinar will include a discussion on what these trends reveal about the evolution of the wearable device market.Replay