Exoskeleton Market Quadruples by 2023; with a ~ 45.36 % of Whooping CAGR | Cyberdene, ReWalk, Ekso Bionics and Lockheed Martin, Panasonic ActiveLink, Hocoma, Parker Hannifin Corporation and Rex Bionics

The Report “Exoskeleton Market by Type, Technology and End User - Global Industry Analysis and Forecast to 2023”, issued by Crystal Market Research, the market has come across substantial development in the recent years and is projected to grow significantly over the forecast period.

Global Exoskeleton Industry: Future Demand, Market Analysis & Outlook to 2023

The Exoskeleton Market was worth USD 98.67 million in the year of 2014 and is expected to reach approximately USD 2859 million by 2023, while registering itself at a compound annual growth rate (CAGR) of 45.36% during the forecast period. The high development is foreseen by virtue of expanding interest for these systems in military, industrial and healthcare applications. A portion of the developing applications incorporate the usage of exoskeletons in heavy assembling parts, for example, transport building and framework projects. The fast development of elderly populace combined with critical increment of the focused on disease conditions is a key factor boosting the rates of usage. As indicated by gauges distributed by United Nations in 2012, worldwide aged populace was almost 809.4 million and is foreseen to come to an expected populace of more than 2.0 billion. Vast populace over 60 years combined with expanding predominance of paralysis and strokes are foreseen to impel the usage rates.

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Exoskeleton Market: Competitive Insights

The leading companies in the market are Cyberdene, ReWalk, Ekso Bionics and Lockheed Martin. These organizations, owing to high R&D investment and intellectual property rights, have accomplished the advantage of being the first movers in this market. Some of the other leading players are Panasonic ActiveLink, Hocoma, Parker Hannifin Corporation and Rex Bionics.

Type Outlook and Trend Analysis

The market is sectioned on the premise of sort of technology: mobile and stationary. The versatile and stationary exoskeletons are additionally sectioned as passive and active systems. In 2015 mobile exoskeletons held a greater part of the market with a share of the overall industry of more than 63 percent. In mobile, active systems accounted for the most extreme offer of 69 percent. Nonetheless, stationary exoskeletons market is anticipated to develop at a lucrative rate, attributable to the expanding predominance of SCIs, which is driving the usage of stationary systems in the rehabilitation facilities. In the stationary class, the portable systems held a prevailing offer of 59.4 percent.

Technology Outlook and Trend Analysis

On the basis of technology drive system, the market is fragmented as electric servo, pneumatic actuator, shape memory alloy actuator, electric actuator, hydraulic, fuel cell, and fully mechanical. Electric actuator held a huge part of the market in 2015, with an offer of more than 32 percent. The existence of substantial number of popularized products with electric actuators is one of the key elements for the high share of the overall industry. Nonetheless, power device market is anticipated to develop with the most elevated CAGR. Key variables adding to its quick development incorporate expanding awareness about the advantages of power devices over electric actuators. In addition, the executions of a few undertakings in North America, which are gone for giving continuous supply of power devices, are anticipated to decidedly fortify the portions development over the figure time frame.

The Exoskeleton Market is segmented as follows-

Exoskeleton Market: By Type:

Stationary
Mobile

Exoskeleton Market: By Technology:

Electric Servo
Fully Mechanical
Pneumatic Actuator
Electric Actuator
Hydraulic Actuator
Shape Memory Alloy Actuator
Fuel Cell

Exoskeleton Market: By End User:

Industrial
Healthcare
Military

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End User Outlook and Trend Analysis

Social insurance represented the larger part income offer of 54.1 percent in 2015, inferable from the popularity from assisted living, rehabilitation, and elderly care benefits over Canada, United States, Germany, Japan and France. However, mechanical section is anticipated to develop as the quickest developing section over the figure time frame. The development in average age of work force combined with developing business related SCIs is anticipated to decidedly fortify the exoskeleton market development over the gauge time frame.

By Region: North America: (U.S., Canada & Mexico), Europe: (Germany, UK, France, Russia, Italy & Rest of Europe), Asia-Pacific: (China, Japan, South Korea, India, Southeast Asia & Rest of Asia-Pacific), South America: (Brazil, Argentina, Columbia, South Africa & Rest of South America) and Middle East and Africa: (Saudi Arabia, UAE, Egypt, Nigeria, South Africa & Rest of MEA)

Regional Outlook and Trend Analysis

In 2015, North America represented the most extreme income share of 49.8 percent and is trailed by Europe. The United States is the most critical market and records for larger part offer of the North American market. In the United States offices, for example, National Aeronautics and Space Administration (NASA), the Defense Advanced Research Projects Agency (DARPA), and the National Institute of Health have altogether contributed on the basis of research financing, technology improvement, and commercialization of the devices. Asia Pacific is anticipated to develop as the quickest developing district over the estimate time frame. Japan is one of the main countries with solid mechanical advancement and higher usage of medicinal and service robots for different applications.

Exoskeleton Market, ToC:

Chapter 1. Introduction
Chapter 2. Executive Summary
Chapter 3. Market Overview
Chapter 4. Exoskeleton Market, By Type
Chapter 5. Exoskeleton Market, By Technology
Chapter 6. Exoskeleton Market, By End User
Chapter 7. Exoskeleton Market, By Region
Chapter 8. Company Profiles
...

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Exoskeleton market based on product and application. It also provides market size and forecast till 2023 for overall Exoskeleton market with respect to five major regions, namely; North America, Europe, Asia-Pacific, Rest of the World, which is later sub-segmented by respective countries and segments. The report evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend and provides exhaustive PEST analysis for regions.

Also, key Exoskeleton market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered.

Reasons to Buy the Report:

This report focuses on various levels of analysis—industry trends, market ranking of top players, and company profiles, which together form basic views and analyze the competitive landscape, emerging segments of the rapid microbiology testing market, and high-growth regions and their drivers, restraints, challenges, and opportunities. The report will help both established firms as well as new entrants/smaller firms to gauge the pulse of the market and garner greater market shares.

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