Wearable Technology – $30 billion in 2016 to $150 billion by 2026
We can safely say wearable technology is a very sound investment. The growth of the wearable technology market according to IDTechEx, providing independent market research & business intelligence on emerging technology in 80 countries since 1999, looks impressive.
- $30 billion in 2016 to $150 billion by 2026
- 9% annually to over $40 billion in 2018
- 23% to over $100 billion by 2023,
- slowing to 10% to reach over $150 billion by 2026…..really a concern now?
With wearable technology, we have finally made health fun and engaging.
Being proactive about our health is no longer a miserable task – but it is captivating, motivating, competitive…..and uses technology – which studies prove is appealing to all ages. Even if you are not tech savvy – wearable technology still provides insight, engagement in our health and intrigue. Nothing is a catchy and contagious as intrigue….
October 2016 Wearables at Work – JIFF & Willis Towers Watson
- 64% of employees agree/ strongly agree that managing their health is a top priority
- 65% of employees believe employers should take an active role in encouraging them to live healthy lifestyles
- 33% of employees agree/ strongly agree that the wellbeing initiatives offered by their employer have encouraged them to live a healthier lifestyle
- 50% of employees participated in any well-being activity or health-related management program in the last year
The Importance of Biometrics & Health Literacy
Health care literacy is the ability to obtain, process and understand basic health care information, facts, and services needed to make appropriate health care decisions. The American Medical Association reports that health literacy is a stronger predictor of a person’s health status than age, income, employment status, education level or race.
According to the US department of Health & Human Services:
Only 12% of U.S. adults had proficient health literacy. Over 1/3 of U.S. adults—77 million people have difficulty with common health tasks, such as following directions on a prescription drug label or adhering to a childhood immunization schedule using a standard chart. This costs. The lack of health literacy costs the healthcare system, companies…and of course a lack of health literacy is costing lives.
2017 Stanford Medicine Harnessing the Power of Data in Health:
Reliance on reactive health care will hamper physicians’ ability to anticipate, diagnose and treat disease.
We just need to help people choose the right device – and guide people to use it for much more than counting steps. Provide our employees with the right wearable technology – and provide them the education to harness the power of their own biometrics – to increase their health literacy and become more proactive in the own wellness solutions.
Stanford...Experts agree that over time, big data will become even more essential for medical breakthroughs. A future of ongoing data collection via multiple sources. “For example, a patient’s electronic medical records (EMRs) will be combined with data captured from wearables and genetic testing.”
The popularity of wearable devices, no question has exponential growth…but far too overlooked is exponential health literacy potential. Experts predict that wearable technology will see record U.S. sales in 2017, with 35 million units in sales. Global sales were estimated to be as high as 274 million devices in 2016. People cite health as a top motivator for using the new wearable technologies.
Omitting wearable technology from an employee wellness/ employee incentive program is an error in the employers’ overall wellbeing strategy and health literacy initiatives. The idea of wellness programs is to encourage employees to be more proactive about their health. Health literacy is often assumed and overlooked.
Connecting the dots…...Education. Choose the right wearable device and design your employee wellness program around the understanding of the data – truly helping employees make better choices…let them see and feel the difference health makes….Now that is how we create engagement…..
Don’t pay for the POP or the marketing…Invest in the most thorough device available – measuring the most biometrics for a thorough overview of health.
Personalization ⇒ Creating the Corporate Health Culture. A vital aspect of attracting top talent, creating a loyal, productive, healthy workforce
At Best in Corporate Health……we get very personal....
Our health solutions are NOT one size fits all, nor should your wellness programs be.
Biometrics Incentivize with wearable technology Live Interactive webinars FUN, determined by your employees health data….and did we mention the webinars are included in the discounted price of the wearables?
And now …… Genomics…………
Yes…..We get VERY personal……right down to the DNA….
Corporate health programs…what a wonderful way to affordably make the world a happier, healthier place.
Chief Health Enthusiast – Best In Corporate Health
- Shira is regularly consulted by Naturopaths, oncologists, health coaches on cancer exercise and exercise adherence.
- Has assembled over 20 health and fitness professionals with varying specialties to bring to corporate wellness programs
- Platforms include: Speaking, One-one/group health coaching, Retreats, Course development for in house delivery, Metrics to measure success available, Partners always included
- Now offering live interactive webinars, just as if each participant has a personal health coach – making corporate wellness programs affordable to all.
- Shira has been interviewed & published in hundreds of resources over the last 12 years:
Articles featured in: ezines, ArticlesInk, European Registry of Exercise Professionals, The National Post, Investment Executive Magazine, Directory of Greater Toronto, Canadian Leukemia & Lymphoma Association, Prostate Cancer Canada, Multiple Sclerosis Society of Canada, Anytime Fitness, Today’s Black Woman, Today’s Seniors, Medical Fitness Network, FORCE (Facing Our Risk of Cancer Empowered), Willow (Breast & Hereditary Cancer Support),Myeloma Canada, Cancer Exercise Training Institute, Urban Poling for Breast Cancer, ROW – Recovery on Water for Breast Cancer, Sirius XM Doctor Radio
Redefine Data Analytics….Using employees’ own biometrics and sequencing the genome for the ultimate personalized wellness programs-