Discover new business opportunities! Samsung boldly enters the digital healthcare market

According to Korean media reports, digital medical care may be a new area for Samsung to discover new business opportunities. Apart from electronic equipment and parts, Samsung Electronics younger generation of leaders now are concerned about the development and challenges of the digital healthcare market.

The next step for Samsung to enter new business areas may be to combine technologies from different departments and focus on one independent entity. According to Samsung insiders, the medical device business of Samsung Electronics' consumer electronics division is undergoing restructuring.

Currently, the consumer electronics division includes the digital medical device business led by Samsung Madison’s CEO Jun Dong-soo, a separate branch of Samsung dedicated to large medical devices such as ultrasound diagnostic equipment. Research and development.

An executive at Samsung Electronics said: "Digital healthcare has been listed as a new source of growth by Samsung, but it has not been considered as the main business of the future like artificial intelligence or the Internet of Things. But Samsung’s long-term policy is to hope that it will be Wearable products have evolved into professional medical devices that enable more sophisticated testing.” According to Samsung’s chief strategy officer, Sohn Young-kwon, one of Samsung’s long-term development plans is to build current wearable device manufacturing capabilities. A combination of advanced digital medical platforms. At the Samsung CEO’s annual summit held last month, Sun Yingquan said: “If people can collect data related to their health before abnormal signs occur, they can better prevent the occurrence of diseases. Technology integration will create new business opportunities."

However, the challenge of providing medical services through wearable devices remains. Currently, wearable health devices are not very attractive to consumers, and because of regulatory restrictions, they only offer limited fitness services such as heart rate monitoring and step counting. And according to the Medical Privacy Protection Act, non-medical institutions cannot be integrated into health care management. As a result, technology companies cannot collect and manage sensitive health information, nor can they allow professional medical personnel to provide telemedicine inspections.

In 2014, Samsung used an oxygen saturation sensor in the Galaxy Note 4, which is helpful for asthma patients, smokers or sensitive skin. However, due to legal issues, the sensor has been in a “sleeping” state for several months in Korea.

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