Wearable Technology Startups Leading the Industry
A recent survey suggests small business owners are more optimistic about their businesses than they have been in five years. Of course, some industries show more potential than others, and one of them is wearable technologies. According to MarketsandMarkets, the global wearables market is expected to be worth more than $8 billion by 2018.
We found four wearable technology startups to learn more about their products and what makes them tick. If you’re a budding entrepreneur, who is ready to get your wearable technology project off the ground, prepare to be inspired.
Not long after graduating from the Massachusetts Institute of Technology, David He co-founded Quanttus, all because he wondered “If it were possible to provide everyday health sensing with clinical precision, what might we learn about ourselves?”
Don’t mistake Quanttus for a simple step-counting bracelet; this startup is developing pioneering products that will quantify human health by measuring a myriad of the body’s biological signals. Quanttus is hush-hush about what measurements it sensors will record, but metrics like heart rate and blood pressure are most likely included.
With a vision to revolutionize personal health by arming people with important insights about their bodies, we can’t wait to hear more from Quanttus.
Fitbit is creating affordable, easy-to-use products that are helping people lead healthier lives. And it looks like Fitbit is on to something because, according to their website, people wearing a Fitbit product take 43 percent more steps.
Founded less than seven years ago, San Francisco based Fitbit is recognized as a leader in the wearable technologies niche. One of its most popular products is the FLEX Wireless Activity and Sleep Wristband. During the day, this slick looking band tracks your steps, distance and calories burned and at night it tracks your sleep quality and gently wakes you in the morning.
Headquartered in San Francisco, Jawbone is on a mission to create the most advanced, user-friendly, wearable technology and audio devices.
Two years ago, Jawbone unveiled its first product: UP, a wristband and app system that helps everyday people learn more about their bodies and their behavior than they ever thought possible. UP not only tracks how you move and sleep, it also monitors your eating and offers personalized insights that help you make optimal health choices. Offering a social element, the UP app also lets you share accomplishments with friends. Best yet, the UP Insight Engine provides daily, personalized goals that are based on your unique eat, sleep and activity patterns.
When a leading technology company acquires a startup, that startup was probably doing something right. Such is the case with Basis Science, which was recently acquired by Intel, as part of the company’s launch into the wearable technology field.
Basis Science’s Basis Band is worn like a watch, and it can do things like detect REM, monitor deep and light sleep, help you manage stress, aid you in improving caloric burn rates and provide insight into your cardiovascular fitness. Wondering how accurate this powerful product is? Third party research reveals its sleep analysis to be very accurate, stating that the “Basis Band provides a level of sleep analysis previously unavailable outside a sleep laboratory.”
There’s lot of buildup about the wearable technology industry, and there’s no doubt startups will come and go as the truly ingenious companies separate themselves from the pack. But one thing is for sure, this is an industry that’s revolutionizing before our eyes and that’s incredibly exciting.
Image: Jawbone Facebook Page