VR fitness: 5 emerging brands that are driving the health-care tech trend – Fox Business

Posted: October 5, 2019 at 9:47 am


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Thanks to VR technology, you can hit the gym without ever leaving your home.

For those trying to find a fun way to combat the obesity epidemic that has befallen the United States, or to just improve their fitness virtuality reality fitness programs areone way to go.

These video game-like experiences encourage movement and track your exercise with sensors, calculators and, of course, VR goggles.

As trends continue to show that the public is interested in wellness and healthy living, the fitness industry is seeing an expansion with virtual reality technology.

Separately, the fitness market had an estimated value of $94 billion in 2018 while the VR market had an estimated value of $7.9 billion that same year, according to fitness consulting firm Wellness Creatives Co. and market research firm Research And Markets.

Here are five standout brands taking this trend by storm:

At-home fitness device maker MIRROR hasnt gone full out with VR goggles like the other companies, but its dedicated virtual training and smart monitoring are worth mentioning.

MIRROR. (Courtesy of Mirror.co.)

Users can perform daily workouts with a personalized virtual instructor, challenge friends in fitness competitions and track vital signs through Bluetooth all from the mirrors reflective surface.

The NordicTrack is your go-to for all things cardio. The company, owned by Icon Health and Fitness, offers interactive treadmills, ellipticals, exercise bikes and other strength-training machines. Their treadmills cost aboutthe $3,000, theU.S. national average.

One of the more popular brands, Peloton a smart cycling machine has sold more than 400,000 bikes to date and is on track to reach a whopping $700 million in revenue for the fiscal year ending in February.

The company made its market debut in September at $27 per share.

This startup taps into workouts with VR trainers that take users through all sorts of exercises.

An attendee tries on the Oculus VR Inc. Rift Development Kit 2 headset at the 2014 Electronic Entertainment Expo (E3) in Los Angeles, California June 11, 2014. There has been a rising interest in virtual reality platforms among publishers and develop

The workout technology uses the Oculus Rift headset to create virtual environments, where trainers perform each exercise and participants follow along.

Oculus VR is owned by Facebook.

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YURs VR software lets you track your calories while using certain games or workout devices.

The company is releasing an app for the Oculus Quest that will help users track calories, among other features. YUR raised $1 million toward its business ventures, according to VRFocus.

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VR fitness: 5 emerging brands that are driving the health-care tech trend - Fox Business

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October 5th, 2019 at 9:47 am

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