In an impressive display of technological innovation and market responsiveness, Garmin achieved a record revenue of $6.3 billion in 2024, marking a significant 20% increase from the previous year. This performance highlights Garmin's adaptability and its alignment with global health trends, particularly in the growing demand for health-focused technology products.
Khun Rracha Aphanukool, General Manager of Garmin Thailand, emphasized the company's growth, stating, "2024 is a year of growth and a year of success for Garmin." The company's commitment to health and wellness has been pivotal this past year, driving advancements in wearable health tech.
Garmin's rise can be attributed to its understanding of holistic well-being, which encompasses the physical, mental, and societal dimensions of health. This shift aligns with a worldwide inclination towards preventive healthcare and long-lasting wellness solutions. By integrating technology into health data management, Garmin's smartwatches have become vital tools in monitoring personal health data, making it easier for users to maintain their well-being. Khun Rracha further explained that these wearables enable users to track their health in real-time, fostering greater health awareness and proactive behavior changes.
To support its dedication to promoting health outcomes, Garmin has engaged in collaborative research with prestigious institutions. Working alongside researchers from the Harvard Kennedy School of Government, Harvard T.H. Chan School of Public Health, and others, Garmin is conducting a pilot study that investigates the correlation between health and happiness. This study aims to gather data from approximately 10,000 participants globally, who will utilize Garmin devices to monitor their health metrics.
"This research shows that exercise and adequate sleep are significantly related to increased happiness and reduced stress levels," Khun Rracha noted. Insights derived from these studies will help elucidate how individuals can adapt their lifestyles for improved health and well-being.
Interestingly, the pilot study has already revealed that emotional stability varies with age, with older participants exhibiting more emotional resilience compared to younger ones. Additionally, individuals value tracking their emotions throughout the day, indicating a growing awareness of mental health aspects in their daily lives.
Garmin's commitment to health goes beyond just technology; it includes facilitating a lifestyle conducive to social interactions and cultural engagement. The study's preliminary findings have shown that people tend to feel happiest during cultural activities, social gatherings, enjoying meals, or spending time with family and friends.
Khun Rracha summarized Garmin's mission succinctly: "The growth of Garmin in this instance stemmed from what the company produces to go to new health users' needs, which includes health features that are comprehensive and many." He indicated that Garmin's approach incorporates various health monitoring features such as blood oxygen saturation levels, stress tracking, exercise intensity minutes, women's health monitoring—including menstrual tracking and pregnancy tracking—and heart rate monitoring.
Additionally, Garmin is also focusing on sleep tracking, hydration monitoring, breathing rate assessment, and recently launched electrocardiogram (ECG) capabilities in Thailand. By enhancing its product offerings, Garmin aims to provide accurate and comprehensive health data, encouraging proactive health management among users.
Looking ahead, Garmin continues to innovate with a commitment to adding more features that support a comprehensive view of health and wellness. This initiative is designed to enhance user experience and ensure better well-being outcomes for the community. "Garmin will add additional details or data points to improve awareness of building overall well-being and will send it to provide better conditions and conditions for youth," Khun Rracha concluded.
For additional details on Garmin's health offerings and initiatives, visit their news center or follow their updates.
