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Wearable Technology Market to surpass US$ 235,312.4 Mn by end of 2028, Says Coherent Market Insights – PRNewswire



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SEATTLE, Dec. 16, 2021 /PRNewswire/ — According to Coherent Market Insights, The global wearable technology market is estimated to account for 235,312.4 Mn in terms of value by the end of 2028.
Medical wearables are worn to monitor sleep patterns and other health-related information. The future of this technology is vast, and it is redefining the way people live. In addition to improving patient safety and quality of life, wearable technology could also improve productivity in many different industries. For instance, wearables could be used to detect adverse health conditions in aging populations, such as falls. According to the CDC, around 30% to 60% of older adults experience a fall each year. About 10% of falls result in hospitalization, and about 20% cause death. Moreover, wearable technology can improve the health and safety of employees in many industries. For example, construction workers can see inside walls while building a new building. Retail employees can look up information through tech lanyards and wearable wrist displays. Using this technology can increase the productivity of employees and increase their job satisfaction.
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Market Drivers:
Increasing demand for wearable technology for health and wellness is driving growth of the wearable technology market. For instance, in September 2020, Apple Inc., a U.S.-based electronics company launched Apple Watch Series 6 and Apple Watch SE for significant developments in health and wellness features to iPhone, iPad, and Apple TV. Similarly, in September 2020, Samsung Electronics Co., Ltd., a South Korea based electronics company launched the first-ever titanium model of Galaxy Watch3, built with premium materials and a stunning signature rotating bezel. The watch features military-grade durability and water resistance.
Factor such as compactness and portability of the wearable device is again augmenting wearable technology market growth. Moreover, multi-functionality of wearable technology products and advancement in the sensor are other major factor propelling growth of the market. The advent of wearable technology with microphones, computer displays, speakers, and forward-facing cameras, wireless, and phone calls and work through voice and gesture commands is another key factor fostering market growth. 
Market Opportunities:
The increasing launch of wearable bands for tracking women’s health is expected to provide lucrative growth opportunities. For instance, in August 2021, Xiaomi launched Mi Smart Band 6 in India for women’s health tracking and continuous heart-rate tracking. Similarly, in March 2018, Fitbit the global wearables brand, unveiled Fitbit Versa™, a modern, intuitive smartwatch at an approachable price. The lightest metal smartwatch in the U.S. market, it offers a comfortable design and a new dashboard that simplifies how user access health and fitness data.
Increasing disposable income and the growing popularity of consumer electronic products are projected to bring new market opportunities in the near future. According to the India Brand Equity Foundation, the Indian appliance and consumer electronics (ACE) market reached Rs. 76,400 crore (US$ 10.93 billion) in 2019. Appliances and consumer electronics industry is expected to double to reach Rs. 1.48 lakh crore (US$ 21.18 billion) by 2025.
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Market Trends:
The growing investment by key players in wearable technology is one of the emerging trends in the market. For instance, in August 2021, WHOOP, a Digital Health and Fitness Company has boosted its valuation to $3.6 billion after securing $200 million in a Series F funding round led by SoftBank Vision Fund 2. Similarly, in March 2021, Iterate Labs, a wearable technology company, announced that it raised more than $1 million in wearable technology company Tyson Ventures.
Growing adoption of partnership and agreement among key players for geographical expansion is one of the emerging trends. This is expected to foster growth in the market. For instance, in January 2021, Tracesafe Inc., a provider of location-aware Internet of Things (IoT) platforms for large-scale industrial and enterprise operations, announced a wearable technology partnership with Royal Caribbean Cruises Ltd. ("Royal Caribbean"). Working in collaboration with Royal Caribbean’s Innovation Team, TraceSafe has developed custom wearable devices and bands that are equipped with long-lasting batteries and RFID modules.
Competitive Landscape:
Key players operating in the global wearable technology market are Adidas, Suunto, Abbott laboratories, Sony, Eurotech, Nike, Google, Inc., Garmin International Inc., Medtronic, Fitbit Inc., and Apple In
Market segmentation:
By Application Type
Global Wearable Technology Market, By Region:
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Wearable Computing Devices Market, by Technology (Computing Technologies, Display Technologies, and Networking Technologies), by Application (Fitness and Wellness, Medical and Healthcare, Enterprises and Industrial, and Infotainment), and by Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) – Size, Share, Outlook, and Opportunity Analysis, 2018-2026
Wearable Digital Walkie-Talkie Market, By Application (General Consumer (Personal Activity, Store Activity, Tourism Activity, Commercial Activity and Training Activity) and Public Institution (Military Use and Law Enforcement)) and by Region (North America, Latin America, Europe, Asia Pacific, Middle East and Africa) – Size, Share, Outlook, and Opportunity Analysis, 2020 – 2027
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About Us:
Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having sales office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 57 countries worldwide.
Contact Us:
Mr. Shah
Senior Client Partner – Business Development
Coherent Market Insights
US: +1-206-701-6702
UK: +44-020-8133-4027
Japan: +81-050-5539-1737
India: +91-848-285-0837
Email: [email protected] 
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What is an Ultrasound Tech Salary?



The job of an ultrasound technician can be a thrilling one. It is a promising career with high pay and advantages. A lot of technician schools offer training programs for the area. If you take the time to obtain a degree or certificate in the ultrasound field, you’ll be able to earn an income worth the effort and time.


Ultrasound salary rates are far more competitive than the majority of the positions in allied health. Some markets pay over $65,000 in this position. An ultrasound technician can expect to earn a median annual pay of $63,640 for diagnostic medical Sonographers as of May 2009, as per the Bureau of Labor Statistics.

The salary may vary based on the kind of job setting. For instance, the median annual income in 2009 for employees working in doctor’s offices was $63,820. For hospital workers, it was $63,770. The salaries can also differ according to state and clearly by country. Similar to other occupations, ultrasound wages are less for entry-level employees and higher for those in higher-paying posts. If you earn greater than $65,000 per year and 55 percent are over 50, as well as 22 percent are under 30, According to the Society of Diagnostic Medical Sonography.


Technicians can expect less money even if they’re not certified by the American Registry of Diagnostic Medical Sonographers (ARDMS). However, the bottom 10% of technicians earn the least money, equivalent to $ 43,990 a year, and the higher 10% earn $85,950 yearly. Pay is also contingent on the number of specificities the technician holds. The more specialties the technician has, the more lucrative the salary. Employer, certification/education, or background may also affect the ultrasound salary. Hospital employees make $63,770 a year.

Doctors employ the second highest number of ultrasound techs in their clinics, and 13,290 technicians earn $63,820 annually. Diagnostic and medical labs use the third highest number of technicians, i.e., approximately 4,680. They pay each one $61,820 of them each year. Schools that teach pay roughly $66,000.




Furthermore, geographic locations are also a significant factor in determining how much pay a technician can earn. For example, Massachusetts has the highest ultrasound technician’s salary, around $78,460 annually. Oregon is almost identical, with a salary of $78,320. Colorado is third with approximately $77,380 annually. The need for technicians is huge in not developed states, while jobs have attained a saturation point in more developed states.

If a technician wishes to make the most money, it is recommended that they join those firms that offer employment services. They could earn as much as $68,000 or more annually. Enterprises and management companies offer the second highest pay, $67,890 per annum. Outpatient centers earn $64,560 annually, while educational schools have a salary of approximately $66,000. The structure of wages is also influenced by the environment in which the technician works, the workload the technician is responsible for on their own, and the company’s size. Experience in the field is significant to the average salary.

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