Hon Pak, vice president and head of the digital health team at Samsung Electronics, speaks during the Samsung Health Partner Day in Seongnam, Gyeonggi Province, Tuesday. Courtesy of Samsung Electronics
Samsung Electronics held its first Samsung Health Partner Day event, Tuesday, to share its digital health care vision with health care companies, medical institutions and other partners.
By holding the event, the company said it aims to strengthen the ecosystem for health care products such as the Galaxy Ring wearable smart ring product and the Samsung Health platform.
For this first-ever health care market-related meeting with industry leaders, Samsung invited over 200 industry officials, including those representing health care companies, medical institutions and investment firms, to Seongnam, on the outskirts of Seoul.
“At the event, Samsung shared its digital health care vision with partners and discussed collaboration plans to expand the ecosystem of the Samsung Health management platform,” the company said, adding it will beef up open collaboration with them to create a digital health care ecosystem.
Under its Connected Care vision, which connects mobile products, services and people, Samsung supports users’ healthy lives through Samsung Health in areas such as sleep, exercise, diet and mental health.
To expand the related ecosystem, Samsung introduced the Samsung Health software development kit for software developers and held discussions at the event on the role of AI in the health care market. Additionally, examples of collaboration in areas such as sleep, sports tech, medical AI and blood glucose management were introduced, the company added.
A visitor takes a look at Samsung Electronics’ Galaxy Ring smart ring during Samsung Health Partner Day held in Seongnam, Gyeonggi Province, Tuesday. Courtesy of Samsung Electronics
Furthermore, Samsung introduced the Galaxy Ring wearable device at the event, saying that strengthening its ecosystem with partners will play a crucial role in the success of the product, which is set to be released in the second half of this year.
“Samsung Health Partner Day was organized to strengthen cooperation with industry leaders and discover more opportunities,” Hon Pak, vice president and head of the digital health team at Samsung, said. “The combination of Samsung’s innovative technology and the expertise of partners will enable the digital health ecosystem to grow and advance.”
Samsung first unveiled this wearable device at the MWC tech show held in Barcelona in February.
This product features a ring-shaped design that can be worn on the finger. The wearable health care device is expected to have temperature and vibration sensors inside the ring to measure the user’s heart rate, blood pressure, oxygen saturation and sleep quality in real time. Users will be able to analyze and manage their health data through Samsung Health.
Visitors take a look at Galaxy Ring wearable devices displayed at Samsung Electronics’ booth during the MWC tech fair held in Barcelona, Spain, Feb. 26. Courtesy of Samsung Electronics
The industry view is that the smart ring market will be a new market for IT device makers as more people will increasingly put importance on managing their health data.
With the device, Samsung aims to capitalize on the smart ring market, which is expected to grow to $1 billion by 2032, from $210 million in 2023, according to data by market researcher Global Market Insights.
