Why the AI wearable market is set to grow by 10x - and it's not just new gadgets
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Why the AI wearable market is set to grow by 10x - and it's not just new gadgets
"Powered by advancements in wearable adoption, healthcare, and prediction accuracy, the market for AI-enabled wearables will grow from $31.2 billion in 2023 to $304.8 billion by 2033, according to ElectroIQ. Also: 7 Google Pixel Watch features you're not using (but definitely should) AI powers the functions behind several smart trackers and health wearables. That capability could come in the form of Google's redesigned Fitbit creating a workout routine tailored to a user's specific needs, or Oura providing in-depth analysis of sleep patterns."
"Health technology companies are experimenting with new health-related AI use cases. Several companies, including Oura, Ultrahuman, and Whoop have rolled out blood-testing opportunities through third-party testing labs. Users register for a test through the app, get their blood drawn at a local lab, view their results on the app, and ask the app's AI assistant questions about their health. The AI, trained on health datasets, can then analyze a user's test to provide concise and helpful insight"
AI-enabled wearable market is projected to grow from $31.2 billion in 2023 to $304.8 billion by 2033, with healthcare leading adoption. AI powers smart trackers and health wearables to provide personalized workouts, sleep analysis, and predictive health insights. By 2025 the market will shift from niche to a fast-growing industry with millions of devices and significant investment. Health technology firms are adding diagnostic integrations such as third-party blood testing through apps, enabling users to register, view lab results, and query an AI assistant. The AI, trained on health datasets, analyzes tests to deliver concise, actionable insights for users.
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