Press release
Soft Exoskeleton Market to 2025 | SRI International, Defense Advanced Research Projects Agency (DARPA), Ekso Bionics, Panasonic, Hocoma AG, ReWalk Robotics, Inc., Revision Military
Soft Exoskeleton Market
Major industry participants in the soft exoskeleton market place include ActiveLink, Bioservo Technologies, Daiya Industry Co., Ltd., Gogoa Mobility Robots, Harvard Biodesign Lab, Hocoma AG, ReWalk Robotics, Inc., Revision Military, SRI International, Defense Advanced Research Projects Agency (DARPA), Defence Science and Technology Organization, Ekso Bionics, Panasonic, Otherlab.
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Technological complications associated with soft exoskeleton products such as torque and force generated by pneumatic actuators can enter the user’s body and mounting of motor and sensor over exoskeleton may hamper the soft exoskeleton market share over the forecast timeframe. However, researchers are working on lightweight and efficient actuation systems and flexible transmissions that transmit power to the joints.
Based on product, full body soft exoskeleton market share is expected to witness highest growth over the forecast timeframe. Benefits offered by these systems include the ability to wear underneath clothing, full body protection and support along with availability of wide range of alternatives. Lower cost of these suits compared to the rigid exosuits along with light weight and availability across several sizes will support the industry proliferation through 2025.
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Military soft exoskeleton market size will witness highest growth owing to considerable requirements of supporting equipment for the armed forces. Decreasing metabolic cost of movement and mobility assistance to the leg muscles are among their key advantages. Running assistance leverages the user’s endurance that provide significant gain in efficiency, thereby positively influence the product adoption through the forecast time period.
Healthcare application segment will hold dominant soft exoskeleton market share through the forecast period. Rehabilitation of patients coupled with the augmentation of medical devices are responsible for the lucrative segment growth. The system enables effective performance in exercise repetitions of patients in equal amount of time. Its application in aiding mobility strengthening individual joints, spinal cord injuries, paralysis, strokes and geriatric rehabilitation, muscle activations, gloves and others will present strong growth opportunities.
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U.S. held largest soft exoskeleton market share owing to the increasing investments in wearable exosuits for geriatric population. Growing number of spinal cord injuries in the U.S. will further support the augmentation of the regional share.Asia Pacific soft exoskeletons market share will witness a significant growth owing to continuous investments by industry participants to expand their reach and offer a wide range of products for their customers.
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