Smart rings are emerging as the potential flag-bearers of the wearables movement in the coming years being a 'check engine’ light for the human body.
Oura is one of the leaders in smart rings space. With it's fourth generation ring model, it has made the technology smaller, smoother and sophisticated which is priced from $349 to $399.
Multiple projections show the market for smart rings taking off, expected to grow more than 20% year over year till 2030.
One of the most significant advantages of using smart rings is that they provide consistent data and monitor trends which can help people understand their body’s dynamics.
Smart rings are not just for fitness tracking. They are being used for period tracking and to keep a check on other illnesses as well.
Our health can also be monitored and recorded with devices such as cameras and voice recorders apart from just smart rings.
The Department of Defense has signed a $96 Million deal with Oura to help optimize the performance of US Airmen to help them understand when they need rest or a caffeine boost.
The healthcare industry is keen to utilize this technology to prevent bad things from happening to individuals; for which a lot more data is required.
Women's health has been one of the niches in the smart ring space, with women comprising the majority of Oura and Ultrahuman users.
Smart rings may prove useful in reducing healthcare costs and for prevention of healthcare issues that show up in subtle ways weeks, months or years in advance.
The advancement in smart ring technology is making it a suitable and a less intrusive alternative for basic health monitoring.