STOCK TITAN

Fitbit and Quest Diagnostics Collaborate to Advance Research on the Use of Wearable Devices to Improve Metabolic Health

Rhea-AI Impact
(Neutral)
Rhea-AI Sentiment
(Positive)
Tags
Rhea-AI Summary
Fitbit and Quest Diagnostics (NYSE: DGX) have announced a collaboration to study the potential of wearable devices to improve metabolic health, aiming to assess and manage metabolic health to prevent diseases like diabetes and heart disease. The Wearables for Metabolic Health (WEAR-ME) pilot study will pair behavioral and biometric data from Fitbit devices with health insights from Quest Diagnostics' laboratory tests to explore ways data can be combined and analyzed to improve health outcomes. The study will invite 1,500 Fitbit users to join and consent to share three months of their Fitbit data, as well as receive laboratory testing at no cost using a panel of blood tests specifically designed to assess metabolic health. The study is expected to be completed in 2024.
Positive
  • None.
Negative
  • None.

Insights

The collaboration between Fitbit and Quest Diagnostics to study the impact of wearable devices on metabolic health represents a significant intersection of technology and healthcare. This study, by integrating behavioral data from wearables with clinical laboratory results, aims to create a holistic view of an individual's health status. The potential to improve metabolic health through data-driven insights could lead to proactive health management strategies and personalized healthcare solutions.

Metabolic health is a critical factor in the prevention of chronic diseases such as diabetes and heart disease. By analyzing the relationship between lifestyle behaviors and blood test results, this study could validate the effectiveness of wearables in disease prevention and management. A successful outcome could drive increased adoption of wearable technology in clinical settings, potentially boosting sales for companies like Fitbit and influencing the stock of Quest Diagnostics positively if the results demonstrate clinical utility.

The WEAR-ME pilot study is poised to tap into the growing consumer health monitoring market, which has been expanding as individuals seek greater control over their health. The partnership with Quest Diagnostics could enhance Fitbit's credibility and market position by associating its products with the scientific validation of health benefits. Moreover, the study's findings could influence consumer preferences and behavior, leading to increased demand for health wearables that offer more than just fitness tracking.

From a market perspective, the study's focus on metabolic health—a key area of concern given the high prevalence of metabolic syndrome—could open new market segments for both companies. If the study outcomes show that wearables can significantly contribute to managing metabolic health, it could propel further investments in the sector, influence stock prices and potentially lead to strategic partnerships or acquisitions.

Investors will monitor this study closely as it could have significant implications for Fitbit's product development and Quest Diagnostics' diagnostic services. Should the WEAR-ME study demonstrate that wearable technology can concretely improve health outcomes, it could lead to a broader insurance coverage for such devices and services, positively affecting the revenue potential for both companies. Additionally, if the study results in the development of new health monitoring products or services, it could create new revenue streams and growth opportunities.

However, investors should also consider the cost implications of such research and development activities and the time required before any potential products or services reach the market. It is crucial to weigh the long-term benefits against the short-term financial impacts, such as R&D expenses and the possibility of not achieving the anticipated outcomes.

Study to evaluate how behavioral and sensor data from wearables and blood tests can be leveraged to help individuals better assess and manage their metabolic health

SECAUCUS, N.J., Jan. 17, 2024 /PRNewswire/ -- Fitbit and Quest Diagnostics (NYSE: DGX), the world's leading provider of diagnostic information services, today announced a collaboration to study the potential of wearable devices to improve metabolic health, which influences risk of developing several diseases, including diabetes and heart disease.

The Wearables for Metabolic Health (WEAR-ME) pilot study will pair behavioral and biometric data from Fitbit devices with health insights from Quest Diagnostics' laboratory tests to explore ways data can be combined and analyzed to improve the assessment and management of metabolic health and help to inform the prevention of disease.

The study aims to evaluate the effect of wearables on users' behaviors as assessed based on objective laboratory test results. While data shows wearables can favorably influence users' modifiable behaviors, such as diet, exercise and sleep, research on health outcomes by objective measures is less established.

"This study aligns with our goal at Quest to empower people to take control of their health, with convenient access to more than 75 lab tests with physician oversight, but without the doctor visit," said Richard Adams, Vice President and General Manager of Consumer-Initiated Testing at Quest, which includes the company's consumer-initiated testing platform at questhealth.com. "By teaming up, Quest and Fitbit will harness laboratory testing to better understand the type of information that motivates people to make healthy choices that ultimately improve their health."

The IRB approved study will invite approximately 1,500 existing Fitbit users to join and consent to share three months of their Fitbit data. They will also be given the opportunity to receive laboratory testing at no cost using a panel of blood tests specifically designed to assess metabolic health, including blood sugar, cholesterol and triglycerides. Study participants will sign up through the Google Health Studies App, where they will be prompted to schedule an appointment for a blood draw at a Quest patient service center. A third-party physician will order tests for participants. In addition, participants will have direct access to their lab test results through the Google app and through Quest's free mobile app, MyQuest.

Poor metabolic health is a major risk factor for chronic diseases and serious health conditions including heart disease, diabetes and stroke. Metabolic health is assessed using several benchmarks including blood sugar, cholesterol, and triglycerides. In a recent study that explored the prevalence and risk factors of metabolic health, prevalence of metabolic syndrome among participants was 63 percent.1 Physical activity, a healthful diet and quality sleep can help reduce the risk of developing these conditions.

"Improving metabolic health is essential to prolong the time we stay healthy and disease free," said Javier L. Prieto, Ph.D., Principal Investigator and Senior Staff Research Scientist, Google. "Metabolic health is influenced by many factors. We think this study will help us uncover how biometrics measured by wearables can help you understand your metabolic health. With that understanding you will be able to improve your health through better activity, sleep and dietary habits."

This study is an important step in our efforts to understand the potential of wearable devices to improve metabolic health and develop new strategies for managing chronic diseases. The WEAR-ME pilot study is expected to be completed in 2024.

About Quest 
Quest, through questhealth.com, empowers consumers by making affordable, high-quality, trusted healthcare easy. With innovative tools, we give consumers more control over their own healthcare journeys and meet them where they are, supporting both consumers and their care teams. Our consumer-initiated test service allows people access to the same quality lab tests used by doctors and hospitals, providing the information and insights they need about their health. With more than 75+ lab tests available at questhealth.com, from general health profiles to tests for conditions ranging from heart health to sexually transmitted diseases, consumers can shop, schedule test appointments, and access results securely from a phone or computer.

About Quest Diagnostics
Quest Diagnostics empowers people to take action to improve health outcomes. Derived from the world's largest database of clinical lab results, our diagnostic insights reveal new avenues to identify and treat disease, inspire healthy behaviors and improve healthcare management. Quest annually serves one in three adult Americans and half the physicians and hospitals in the United States, and our nearly 50,000 employees understand that, in the right hands and with the right context, our diagnostic insights can inspire actions that transform lives. www.QuestDiagnostics.com

About Fitbit 
Fitbit helps people lead healthier, more active lives by empowering them with data, inspiration and guidance to reach their goals. Fitbit designs products and experiences that track and provide motivation for everyday health and fitness. Fitbit's diverse line of innovative and popular products include Fitbit Sense 2™, Fitbit Versa 4™, Fitbit Luxe™, Fitbit Charge 6™, Fitbit Inspire 3™, Fitbit Ace 3™ trackers and Fitbit Aria Air™ smart scale. The Fitbit platform delivers personalized experiences, insights and guidance through leading software and interactive tools, including the Fitbit app, and Fitbit OS for smartwatches. Fitbit's paid subscription service, Fitbit Premium, provides advanced analytics and actionable guidance in the Fitbit app to help you reach your health and fitness goals.

Quest® is the brand name used for services offered by Quest Diagnostics Incorporated and its affiliated companies. Quest Diagnostics Incorporated and certain affiliates are CLIA-certified laboratories that provide HIPAA-covered services. Other affiliates operated under the Quest® brand, such as Quest Consumer Inc., do not provide HIPAA-covered services. 

1 Rus M, Crisan S, Andronie-Cioara FL, Indries M, Marian P, Pobirci OL, Ardelean AI. Prevalence and Risk Factors of Metabolic Syndrome: A Prospective Study on Cardiovascular Health. Medicina (Kaunas). 2023 Sep 25;59(10):1711. doi: 10.3390/medicina59101711. PMID: 37893429; PMCID: PMC10608643.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/fitbit-and-quest-diagnostics-collaborate-to-advance-research-on-the-use-of-wearable-devices-to-improve-metabolic-health-302036484.html

SOURCE Quest Diagnostics

FAQ

What is the collaboration between Fitbit and Quest Diagnostics about?

The collaboration aims to study the potential of wearable devices to improve metabolic health, aiming to assess and manage metabolic health to prevent diseases like diabetes and heart disease.

What is the ticker symbol for Quest Diagnostics?

The ticker symbol for Quest Diagnostics is DGX.

How many Fitbit users will be invited to join the study?

Approximately 1,500 existing Fitbit users will be invited to join the study.

What is the expected completion date for the WEAR-ME pilot study?

The WEAR-ME pilot study is expected to be completed in 2024.

What type of laboratory tests will the study participants receive at no cost?

Participants will receive a panel of blood tests specifically designed to assess metabolic health, including blood sugar, cholesterol, and triglycerides.

Quest Diagnostics Inc.

NYSE:DGX

DGX Rankings

DGX Latest News

DGX Stock Data

16.88B
111.10M
0.43%
91.55%
2.32%
Diagnostics & Research
Services-medical Laboratories
Link
United States of America
SECAUCUS