New Health Metric Coming Soon for Oura Ring Members
Oura Ring continues to make a splash amongst leading fitness trackers through its innovative design as a small, sleek ring that can track a variety of health metrics from heart rate, blood oxygen, daily step count, and sleep patterns. Designed by a Finish tech company, Oura Ring is able to collect these metrics through three different sensors built into the ring. These include, infrared photoplethysmography sensors to track heart rate, negative temperature coefficient sensors to collect body temperature, and 3D sensors to measure body movement.
The ring then projects this data into the Oura app, where users can check the status of their sleep patterns, activity and general ‘readiness’ for the day. This convenient form of fitness tracker has experienced much success since its launch in 2015. Its reported revenue for the financial year of 2024 was close to $500 million, and continued growth is projected to follow.
This growth can be illustrated through the recent announcement by Oura Ring that it received a $75 million investment from glucose device maker, Dexcom. Oura Ring hopes to incorporate Dexcom’s glucose technology into the ring by implementing small biosensors that are able to track users’ blood sugar. The hope is that this new partnership will offer Oura Ring an opportunity to continue to meet the needs of its customers. Specifically, Oura Ring CEO Tom Hale noted in an interview with Forbes, that “Ninety-seven percent of Oura Members have expressed interest in understanding how the food they eat impacts their health”. Thus, incorporating biosensors can help Oura Ring respond to their consumer interests. Oura Ring is projected to integrate this technology into the ring by mid-2025.
Author: Molly Podrebarac
Photo Credit: https://unsplash.com/@jerrykavan
Photo Credit: https://unsplash.com/@jerrykavan
Expertise
Insights
-
Technology
Brick by Brick: How a New Wave of Products Is Fighting Back Against Screen Addiction
Smartphones have become integral to daily life, raising increasing apprehensions about their impact on attention, productivity and overall digital habits. As reliance on smartphones has grown, so has… -
Technology
Breaking and Entering (New Markets): How GTA is Disrupting the Tech Supply Chain
Developer Rockstar Games and publisher Take-Two Interactive recently opened pre-orders for Grand Theft Auto VI (“GTA 6”), marking the first franchise instalment in thirteen years. Since the launch of… -
Technology
How Sniff is Rethinking Local Social Networking
A new iOS app called Sniff is taking a different approach to social networking by connecting dog owners within the same neighbourhood. Rather than encouraging users to build broad online communities… -
Technology
Self-Driving Car Service, Waymo, has Eyes on Toronto
The fully autonomous ridesharing service, Waymo, is looking to add a new ridesharing option for Torontonians with self-driving vehicles. Waymo is a driverless taxi service where users can hail an… -
Technology
Is Honor Device Co. Honourable Enough to Win Canada Over?
Four years after Canada shut Huawei out of its 5G networks, one of its former subsidiaries is hoping for a second chance in the Canadian market. Honor Device Co., a Chinese consumer electronics… -
Technology
Xanadu Quantum: the Frontier of Practical Quantum Computing
Quantum computers have long been promised to reshape the leading edge of computing technology, facilitating machines capable of completing operations unthinkably time-intensive for classical computers…