The wearables market is growing at a lightning-fast pace. We’re counting steps with a pedometer one moment and then using modern sensors to track heart rate variability, temperature, ECG, and even breathing patterns the next! The global wearable device market is projected to reach $109 billion in 2024, with expectations of continued growth, potentially hitting US$249.33 billion by 2028. As more people recognize the benefits of wearable technology, the adoption rate is expected to rise, leading to an increasing number of users embracing these innovative devices.
To bring you the latest and greatest in wearable technology, Spike team scoured the internet for tech news, pre-announcements, rumors, and leaks. After evaluating over 40 sources, we’ve compiled the most relevant information about upcoming releases in smartwatches, smart rings, and continuous glucose monitors (CGMs). We’ve also highlighted key health-related updates for these devices, giving you a comprehensive look at what’s on the horizon.
The Apple Watch SE 3 is typically updated every two years, leading to predictions of its release this year. As the most affordable model in the lineup, the SE 3 is expected to make a significant shift from aluminum to plastic, further enhancing its affordability and appeal.
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Expected to feature the S9 chip, similar to the Apple Watch Series 9.
The new model may also introduce an electrocardiogram (ECG) sensor, a valuable addition for real-time heart health monitoring that has been missing from the SE line until now. This feature helps users detect potential heart issues early, providing crucial data for better health management.
While it’s likely to maintain a similar design
Apple has consistently released new Apple Watch models every September, and this year will be no exception. They are set to unveil the Apple Watch X to celebrate its 10th anniversary, potentially introducing AI assistance following their recent board observer seat at OpenAI.
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Apple will be entering ring space, potentially bringing health wearables to a much broader audience and creating significant competition for Oura.
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The Dexcom Stelo aims to revolutionize diabetes management by providing real-time glucose monitoring without the need for fingersticks.
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The Huawei GT smartwatch series typically updates every two years. Insider sources indicate that the company has tested a new wearable, intriguingly dubbed “the next generation of the main sports series watches.” This suggests a significant advancement for the line, potentially introducing innovative features.
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The previous model was released in November 2022, making 2024 an ideal time for an update to the line. The anticipated Polar Ignite 4 is designed for fitness enthusiasts, offering comprehensive training features and health monitoring capabilities that are likely to attract athletes.
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The Polar Pacer 2 is expected to enhance the running watch market with its AMOLED display and advanced metrics tailored for serious runners. The improved visibility in various lighting conditions and running-specific features could attract athletes seeking a competitive edge.
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The launch of the Garmin Fenix 8 is highly likely and is expected to further strengthen Garmin’s position in the premium multisport watch market.
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The Fitbit Charge 7 is expected to intensify competition with rivals like Garmin, Amazfit, and Xiaomi. With Fitbit now under Google’s ownership, it’s highly likely that the Charge 7 will feature Google’s Wear OS.
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The Fitbit Luxe 2 targets fashion-conscious users who prioritize health tracking, combining a stylish design with essential health features to attract a demographic that values aesthetics alongside functionality.
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The Google Pixel Watch 3 is expected to strengthen Google’s position in the smartwatch market, particularly among Android users, with enhanced integration with Google services and a focus on health tracking that could differentiate it from competitors in the Android ecosystem.
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The Oura Ring aims to maintain its leadership in the health tracking ring market as competition intensifies with the launch of the Samsung Ring and the upcoming Apple Ring.
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A new fitness bracelet designed to offer budget-friendly fitness tracking. Aimed at cost-conscious consumers, it will feature essential fitness functions at a lower price point, positioning it to compete effectively with brands like Fitbit and Huawei.
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While the Whoop 5.0 might keep the same design, it is expected to introduce numerous new features, and some current users may be eligible for a free upgrade based on Whoop’s subscription model.
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These upcoming wearables are expected to be among the most intriguing releases in the near future, with significant advances in health tracking, display technology, and AI integration. Sensors are getting smaller and more accurate, providing precise measurements for heart rate, sleep tracking, and blood pressure. By understanding and utilizing these metrics, health apps become more personalized, and healthcare professionals gain valuable insights to guide their decisions. Wearable devices make it easier to monitor patients at home, providing real-time data that is a game changer for those in remote areas and for patients with chronic conditions.
If you’re a developer or a product manager working in the digital health or fitness space, integrating existing and upcoming wearables is a great way to boost the lifetime value and retention of your users. Spike API covers around 90% of the current wearable market with over 300 devices, and we are always keeping an eye on the latest wearables.
Take a look at how Moody Month used health data from wearables in their app to provide personalized insights and recommendations to their users.
Please keep in mind that the details provided are based on current predictions. Actual product features and releases may differ as technology and the development process evolve.
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