Samsung Electronics Co. (OTC:SSNLF) has announced its foray into noninvasive glucose and continuous blood pressure monitoring technology, setting up a direct competition with Apple Inc. (NASDAQ:AAPL) and other tech giants in the rapidly growing healthcare tech sector.
What Happened: Samsung aims to incorporate health features into a variety of devices, including the previously announced Galaxy Ring. The initiative, led by company executive Hon Pak, is part of the company’s strategic plan to offer consumers a comprehensive view of their health through different body and home sensors, reported Bloomberg.
Health tracking has become a crucial feature of smartphones and watches, with companies like Samsung, Apple and Alphabet Inc. (NASDAQ:GOOG)(NASDAQ:GOOGL) leveraging these features to retain and attract consumers.
While the timeline for ...