Samsung Health Technology
Massive company that it is, Samsung has been involved in healthcare for a while, with its own medical division that supplies medical equipment like ultrasound machines. This puts Samsung in competition with health stocks like the healthcare arm of General Electric (GE) and Johnson & Johnson (JNJ).
It also has a head start over rivals Apple and Google when it comes to consumer-grade health technology.
The Galaxy S5 smartphone (reviewed here) has a built-in heart rate sensor, it’s released two generations of smartwatches with fitness tracking capabilities and it has its own fitness band –the Gear Fit (read our review)– on the market.
Earlier in the month, Samsung also announced a healthcare technology hardware reference platform –Simband– along with SAMI, an API that lets wearable fitness and health sensors upload user data to Samsung’s cloud. This is what Samsung calls its Digital Health Initiative, an open data and sensor platform intended to connect individuals (and their data) and medical professionals with Samsung in the middle.