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The FDA's 19-page general wellness policy lets smart ring companies skip clinical validation entirely. Every wearable you have heard of lives inside that loophole. The difference between wellness and medical is not a matter of degree. It is a matter of whether anyone tested the accuracy before it shipped.
A Stanford study tested seven fitness trackers against clinical instruments. Heart rate was accurate. Energy expenditure was off by 27 to 93 percent on every device. The calorie number on your screen is not a measurement. It is a guess.