sarah murray | The Financial times | 18 january 2015
PA’s Simon Hall, a wearable technology expert, is quoted in an article in the Financial Times about wristwatches and healthcare devices.
The article explains that although the global market for wearable medical devices is growing rapidly, the traditional wristwatch could play a prominent role in the expanding section of the healthcare market.
Luxury watchmakers are opening their eyes to the opportunities of monitoring daily fitness and health. However, many are testing the waters rather than rushing in with fully featured products.
Simon talks about the TAG Heuer Connected, which is equipped with fitness apps such as RaceChrono Pro and Google Fit. “It’s a very light product and it’s handsome in that it looks more like a traditional watch, but it doesn’t do that much. Functionality-wise there’s a big step change between TAG’s Connected and Apple Watch.”
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The articles goes on to say that watchmakers have little experience of working in the highly regulated health sector. Simon explains that that currently very few watchmakers are entering this segment of the health market. He predicts however that regulators may allow some consumer devices to be validated, despite the fact that they are not medical grade.
“But instead of trying to validate the whole device, a set of components related to health could be validated,” he concludes.