Davidson Investment Advisors
With the widespread adoption of fitness trackers, smart watches and other wearable devices, we’ve never had more information at our fingertips about our daily health. We can track our steps, heart rate, blood sugar, blood pressure, and many more vitals in nearly real time throughout the day. This unprecedented level of understanding about our daily activity levels and general health is leading to a boom in the connected health industry. This is making our fitness smarter and more accessible as companies such as Peloton have popularized high-quality workouts into our homes. It’s making our healthcare system smarter by providing medical and insurance providers more detailed information about patients.
Apple and Fitbit, for example, have entered into partnerships with health insurance companies to share data and explore offering incentives to members. Connected Health is also ushering in a new era of personalized medicine as companies such as 23andMe are able to genetically test an individual's DNA, providing new insight into how to treat patients based on their individual genetic predisposition. Health care is one of the last sectors to have been digitally transformed; as connected health devices and applications proliferate further, that transformation appears closer than ever.
Each January, our Davidson Investment Advisors team takes a look at some of the most intriguing trends unfolding in the new year. More 2022 trends can be found here.
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