Japanese electronics conglomerate Epson is betting on wearable devices aimed squarely at health care, a business which could be worth 20 billion yen ($173.6 million) for the company by 2019, the group's president told CNBC.
The maker of printers released three major devices this year: heart rate activity monitor Pulsense, GPS sports monitor Runsense which tracks your exercise data, and augmented reality smartglasses called Moverio BT-200. Analysts have cast doubts on the success of such a move however.
Epson is the world's third biggest printer maker by market share, according to IDC, and has seen its popularity rise in a robust printer market. The move into wearables marks the company's attempt to gain a foothold in the health care and medical market.
"That is very important area for us in the future," Epson President Minoru Usui, told CNBC by phone.