Wearables AI seeks to improve the features and user interface to provide consumers with real-time perspectives, information, and assistance in making better lifestyle choices. Wearables in the healthcare sector use AI in different ways to enhance the quality of life. An example is of AI-powered diabetic’s eye disease detection from researchers in the Google Brain initiative. Mathematical algorithms that are based on Deep Learning use neural networks in this method to learn and execute a given task by repetition and self-correction. Next-generation wearables for blind people is another example, these wearables detect objects using ultrasounds on the user’s route and alert them of those objects so that users can move safely around the object. Global Market Database is an effective market research tool that gives its users market wise quantitative inputs.
Demography of Wearable AI users
Due to the high per capita income of customers in the region, North America holds over 30% of the market in the wearable AI industry. The involvement of large consumer electronics firms, such as Apple and Oculus, has provided a cheaper price for customers to have access to wearable AI products in the US. Also, the strong acceptance of smart wearables by consumers between 16 and 34 years of age has promoted the adoption of the wearable market for artificial intelligence in the US. Inorganic development techniques are also being implemented by start-ups through strategic alliances with leading companies from adjacent sectors in the US. The users can log on to Global Market Database to understand the market potential of Wearable AI Market over the next ten years.
Insights from wearable technologies in the case of health insurance could contribute to a more consumer-centered paradigm that anticipates the threats and needs of consumers and thus enables new usage cases related to continuous risk analysis, analysis of potential health insurance claims, customized insights to encourage disease prevention, targeted marketing, customer engagement, and evaluation of claims. Global Market Database is a world’s first dynamic market database which provides free market research tools.
Wearable AI in Japan
Due to the rising average income in Japan, the wearable AI market is expected to report a growth rate of over 50%. In the wearable AI industry, the division of smartwatches and fitness bands holds over 85% share. The continuous developments in the design and performance of smartwatches, along with their accessibility at cheap prices, have increased their use by Japanese consumers. The growth graph of Japan’s wearable AI market has remained exponential over the last three years, powered primarily by unprecedented vertical demand for AI. For a while now, wearables have been a part of the mainstream in Japan, but they have recently recorded increased popularity, propelled by the rapid developments in AI technology.
Wearable AI in France
Among the IoT and AI technologies for quality of life, healthcare is one of the major markets in France. Just a few corporations in France, though, currently offer specific solutions including wearable AI. Thus, a strong opportunity is seen for organizations in France to expand its wearable AI technology solution market. Healthcare is constantly connected to vast datasets, and physicians assisted by artificial intelligence can offer medical advice with the assistance of wearable AI. Thus, Smart health is an explicit sector that is expected to pave the way in France for the demand for wearable AI products.
Wearable AI in Israel
The Israeli Innovation Authority promotes the creation of innovative developments through a wide spectrum of businesses. Among other things, wearable devices businesses funded by the Israeli Authority are designing technologies that incorporate artificial intelligence (AI), including smart bands and smartwatches, to help consumers execute their exercise workout regimen or to track physiological measures effectively for the doctor’s evaluation. Israel has a cluster of startups such as MonitHer, MaxQ AI, Aidoc, ART Medical, Clew Medical, and several others who are running artificial intelligence algorithms on wearable devices to aid with diagnoses.
