Summary: Fresh data from consumers on their adoption of tech wellness and tech health consumer products, trust in tech vs health institutions, as well as surprising data on longevity data. Image from Pexels In 2018, a report by the Global Wellness Institute found that the global wellness economy was worth $4.5 trillion USD, growing at an average of 6.5%—nearly twice as fast as the global economy, the traditional health sector has a market cap of nearly $12 Trillion. As health and wellness technologies integrate with our routines and habits, they are gathering an unprecedented amount of data about our daily lives—over 335 petabytes per month to be exact. Nearly every brand and organization that has a stake in the health … Continue readingStudy: Digital Health & Wellness in the Age of Quarantine

In this post, my firm, Kaleido Insights analysts review three wearable devices: Apple Watch Series 6, Oura Ring, and Whoop Band. by Jeremiah Owyang, Jessica Groopman and Jaimy Szymanski The wearable industry is booming as technological advancements race to meet emergent health needs. But, how effective are these high-tech gadgets as enablers of consumer wellness? At Kaleido Insights, we’ve identified five major technology themes that are impacting all businesses, and among them include: Digital Trust, Health & Wellness, and Ambient Computing. One class of technologies, wearable devices, spans across these themes, as both interfaces for data collection points and technologies designed for humans to alter their behaviors. On occasion, the Kaleido Insights analysts test out new technologies that fit our research trajectory. … Continue readingDevice Review: Which Wearables are Worth Your Wellness Investment?

KARA Smart Mirror Because of COVID, gyms were forced to close their doors. Regular gym-goers have been seeking other ways to keep up their weight training and fitness regimens. Then there are those people who hadn’t concerned themselves much with being healthy and in shape before they found themselves in the middle of a pandemic. These individuals have received a wake-up call from a virus and have realized that they have a better chance of combatting COVID symptoms if they are healthy and fit. They can’t go to a gym but they can exercise at home.  Digital Fitness Provides an AnswerFitness instructors have been quick to move online, yoga classes have taken to Zoom, downloads of fitness apps have risen … Continue readingHow Digital Fitness Companies Are Thriving During 2020

Why is Peloton emerging as one of the top home-based fitness option during the quarantine with 66% increase in sales, with a stock that’s increased 77% since the stock market collapse on March 13th, 2020?  It’s not just about the hunk of sweaty metal, plastic, and electronics – they’ve tapped into a sense of belonging, even when we’re physically separated.  Peloton is just what the isolated, activity-craving, homestayer needs to scratch multiple primal itches. It’s true, ask anyone who owns at Peloton, and they will tell you all about it, till you promise to buy one for yourself.  Their secret sauce has many ingredients. But, as I surmise it, it’s getting “A-DOSE” from the addictive tech-group-workout. A-DOSE: The Secret Sauce … Continue readingPeloton Gets Riders Addicted: Especially During Isolation

Investors are betting that humans turn to tech startups for wellness solutions. Wellness is not just a buzzword, it’s a $4.2 Trillion market and growing. It’s a movement and it’s happening now. Our society has taken a turn and people are more focused on their physical, mental and spiritual health than ever before. Being happy and healthy has evolved into a top priority. In walks technology…Apps and startups have enabled this movement by creating technology to address our mind, fitness, sleep, diet, reproductive health, environment and beyond. WellTech has been surging with innumerable apps and companies over the last decade. Investment activity has followed in suit with over $2.2B in investment in the 97 modern wellness startups we’ve identified as … Continue readingInvestors Bet on Wellness Tech: Startups Funded $2 Billion

I, along with my colleagues at Kaleido Insights, have started a new research stream (a series of publications) in the area of Modern Wellbeing. Technology is impacting yet another massive movement which will cause significant ripples across society, economies, and business models. Over a decade agoI was analyzing how social technology democratized information, forever changing communications, media, marketing, and even governments. About five years ago, I dove in deep on the Collaborative/Sharing Economy, where yet again, technology empowered humans to take commerce into their own handsThey could get what they needed from peers. Both of these trends continue to also have impact to the economy, society, human interactions and beyond. Now I see yet another movement – the Modern Wellbeing … Continue readingMany Industries are Impacted by Modern Wellbeing