Exoskeleton Market: Global Industry Analysis and Opportunity Assessment

Exoskeleton Market

Global Exoskeleton Market Overview:

The global Exoskeleton Market size is anticipated to record a 30% CAGR over the forecast era. The exoskeleton market is motivated primarily by variables such as the healthcare sectors increasing demand for robotic rehabilitation, advances in robotic techniques, and enormous investments in exoskeleton technology development.

Huge Investment for the Development of the Exoskeleton Technology:

To meet continuously increasing demand, most research institutes, universities, and manufacturing businesses focus on R&D to create fresh and innovative robotic exoskeletons. For example, Aalborg Universitys research team recently developed a new mechanical joint called a compactx-scissors device CXD.

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It can better support shoulders and hips than standard appliances. The joint should be compact enough to hide under garments. It can move around a sphere in all directions. It can also support kids losing their shoulder or arm owing to disease or accident. Continuous technology development may lead to market growth.

Risks Involved with Using Exoskeletons Due to Vague Safety Guidelines:

The advantages of using exoskeletons are obvious, but without sufficient data on future hazards, it remains hard to correctly evaluate the risk-to-benefit ratio. Falls-related injuries are a significant government health problem for the elderly, one of the primary causes of the users long-standing pain, functional deficiency, disability, and death. Using exoskeletons imposes an extra danger of falls on consumers who already have engine deficiency. When a individual walks freely, the body interacts with the setting, which can be predicted unless barriers caught off guard. However, when using an exoskeleton, this immediate interaction is decreased or distorted. Feedback is inevitably distorted by media additional layer. Sometimes there are extra feedback sources like vibrations and sound. Users may need to adjust to these extrinsic stimulations. In addition, users may attempt to execute certain movements, but can not accomplish them properly due to the physical constraint imposed by the exoskeleton. Last but not least, depending on the control system, the exoskeleton may respond wrongly to body motion, causing an unexpected command that may lead to a collapse. The risk variables engaged in using these equipment may contribute to market growth.

North American Market to Witness Maximum Growth:

In 2015, North America dominated with the biggest market share, by region. Key contributors to the big share can be increasing geriatric population and patients increasing purchasing power. Moreover, growing adoption of exoskeletons in the military, healthcare, industrial, and consumer sectors is anticipated to drive North Americas exoskeleton market growth during the forecast period.

Global Exoskeleton Market Key Developments:

December 2017— The Japanese exoskeleton manufacturer and one of the worlds biggest exoskeleton businesses, CYBERDYNE Inc., received US advertising clearance. Food and Drug Administration FDA for medical HAL Lower Limb Type

Global Exoskeleton Market Major Players:

Bionik Laboratories

B-Temia

Cyberdyne

DIH Technologies

Ekso Bionics

Rex Bionics ltd

Lockheed Martin

Meditouch

Ottobock

Rewalk Robotics, amongst others.

Reasons to Purchase this Global Exoskeleton Market Report:

Current and future Global Exoskeleton market in advanced and emerging economies. Analyzing multiple market views with Porters five-force assessment. Segment expected to dominate the market. Regions expected to experience highest development during the forecast period. Identify the recent trends, market shares, and strategies of significant market players. 3 Months of analyst assistance with Market Estimate sheet in excel.

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