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A quarter-size device that tracks the rise and fall of sugar in your blood is the latest source of hope — and hype — in the growing buzz around wearable health technology.

Mr. Gauvreau, 72, lives in Sudbury, Ontario, and has type 2 diabetes. Since July of this year, he has been using a type of glucose monitoring technology, the FreeStyle Libre system.

A continuous glucose monitor is a small device that sticks to your arm. Every few minutes it sends a signal to your phone estimating your blood sugar levels. But can it improve your health?