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Smart devices and accessories maker Gizmore is planning to scale up production of smartwatches by about two and half times to 15 lakh per annum, as it looks to generate business of around Rs 200 crore in the next financial year, a top official of the company said. Gizmore CEO and Co-Founder, Sanjay Kalirona told PTI that the company at present makes around 50 thousand smartwatches per month (six lakh per annum) in India and is going to scale up the production to around 15 lakh smartwatches in the next financial year. "Smartwatches are the fastest growing segment for us. It now accounts for 60 per cent of our business. We expect to close this fiscal with around 40-50 per cent growth. In the next fiscal, we are targeting 100 per cent growth and over Rs 200 crore business to come from smartwatches alone," he said. The company expects to close the current fiscal with revenue of about Rs 75-80 crore comprising Rs 50 crore revenue from the sale of smartwatches. "We are expanding our reac
Researchers have developed a wristwatch-like wearable device to enhance the effects of prolonged exposure therapy, a common, evidence-based treatment for patients with post-traumatic stress disorder (PTSD). As a wearable device, called Bio Ware, the Bio Ware system includes a discreet button-shaped camera attached to the patient's clothing, a watch-sized tool around their wrist and a Bluetooth headphone in their ear, so their therapists can virtually be with them in the experience or situation that causes them stress, the study said. The clinician can see immediate recordings of the patient's heart rate, breathing and emotional distress, and they can guide them through the experience by either pushing them to do more or pulling them back to do less, to optimize the in vivo exposure, the study said. The team of researchers at Medical University of South Carolina (MUSC) Health worked with a medical device company Zeriscope to test the device. The results have been published in the ...
Fitness gear maker beatXP has entered into the smartwatch segment with an aim to capture 10 per cent market share by the end of 2023, the company said on Friday. beatXP Business Director Ashish Dhuwan told PTI that the company has garnered an average sale of Rs 1 crore per day during the limited launch about 10 days back which gives it a confidence to comfortably achieve the set target. Founded in late 2021, beatXP's consolidated business has crossed the Rs 100 crore mark. Dhuwan said the company has incorporated six physical sensors including one for ECG (electrocardiogram) to target the affordable segment market. "beatXP aims to capture 10 per cent of the smartwatch market share by the end of 2023 to become one of the top-selling brands in this category. There is a huge gap in the wearables category where most brands in the affordable segment offer non-accurate sensors such as heart-rate, SPo2. beat XP's Exact smartwatch is offering ECG and family remote health monitoring which is