ResMed, a global leader in sleep apnea treatment and connected health solutions, and Verily, an Alphabet company, announced their agreement to form a new joint venture.
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According to Verily’s press release:
“Combining ResMed’s expertise in sleep apnea and Verily’s advanced health data analytics technologies, the U.S.-based joint venture will study the health and financial impacts of undiagnosed and untreated sleep apnea and develop software solutions that enable healthcare providers to more efficiently identify, diagnose, treat and manage individuals with sleep apnea and other breathing-related sleep disorders. “
The joint venture, subject to customary closing conditions, including regulatory approvals, will operate as a separate venture from ResMed and Verily.
Providing advanced sleep monitoring apps has also been a focus of other wearables manufacturers such as Apple and Fitbit.
Although Apple has not published any plans of going deep into healthcare, there are rumors that it may provide advanced heart rate monitoring with the new Apple Watch Series.
We fully expect Apple to take on sleep monitoring related issues and provides additional features in the future.
Sleep apnea is a sleep breathing disorder that affects an estimated 54 million Americans and is associated with heart disease, stroke, type 2 diabetes, and other life-threatening conditions.
Fitbit is also looking into beefing up its app features when it comes to personal health monitoring space.
Some new patents filed by Fitbit recently suggest that the company is looking to design a “capsule” size wearable that will primarily focus on health monitoring attributes.
The company also has separate plans for a monitor that will monitor attributes of the room you are in and will integrate that with the device measurements.
Health and wellness are the future of smart devices!
With healthcare costs rising, it is not surprising to see the tech giants such as Google, Amazon, and Apple taking initiatives to position themselves in this lucrative space.
Are there any gadgets/apps that you currently use for helping you with Sleep apnea?
What are some of the challenges that you face when using the existing set of devices