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Smart Exoskeleton Market to Soar at a CAGR of 41.3% to 2025

04-08-2019 06:04 AM CET | Health & Medicine

Press release from: Big Market Research

Smart Exoskeleton

Smart Exoskeleton

The global smart exoskeleton market was valued at $125.6 million in 2017 and is projected to reach $1,896.8 million by 2025, registering a CAGR of 41.3% from 2018 to 2025.

A smart exoskeleton is a powered system comprising sensors and actuators that use feedback from the wearer to provide enhanced assistance to specific body parts or the entire body while lowering energy expenditure.

Smart exoskeletons are constructed using rigid materials (metals or carbon fiber) and flexible materials. Moreover, these systems make use of the algorithm to device assistance strategy for the wearer.

They are extensively deployed for clinical purposes to provide effective exercise and therapy for patients. They find their major application in industries where workers are required to perform physically demanding tasks. In addition, these systems are being developed to aid in military body parts by improving the physical capabilities of soldiers

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The upsurge in demand for use in clinical purposes and in industrial body parts is the key factor expected to drive the growth of the global smart exoskeleton market during the forecast period. However, concerns related to affordability restrain the market growth.

The smart exoskeleton market is analyzed and estimated according to the impacts of the drivers, restraints, and opportunities. The period studied in this report is 2018‐2025.

The global smart exoskeleton market is segmented based on component, type, body part, region. On the basis of the component, the market is fragmented into sensors, actuators, power source, control system, and others. By type, it is classified into upper body, lower body, and full body. Depending on the body part, it is classified as industries, healthcare, military, and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players analyzed in this report are ATOUN Inc., BIONIK, CYBERDYNE, INC., Ekso Bionics, Honda Motor Co., Ltd., ReWalk Robotics, Rex Bionics Ltd., Sarcos Corp., Technoid. S.L., and U.S. Bionics, Inc.

The report includes the study of the smart exoskeleton market with respect to the growth prospects and restraints based on the regional analysis. The study includes Porter’s five forces analysis of the industry to determine the impact of suppliers, competitors, new entrants, substitutes, and buyers on market growth.

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KEY BENEFITS FOR STAKEHOLDERS

This study comprises an analytical depiction of the global smart exoskeleton market along with the current trends and future estimations to depict the imminent investment pockets.

The overall market potential is determined to understand the profitable trends to gain a strong foothold in the market.

The report presents information related to key drivers, restraints, and opportunities with detailed impact analysis.

The current market is quantitatively analyzed from 2017 to 2025 to highlight the financial competency of the market.

Porter’s five forces analysis illustrates the potency of buyers and suppliers.

Smart Exoskeleton Market Key Segments:

By Component: Sensors, Actuators, Power Source, Control System and Others

By Type: Soft Exoskeleton and Rigid Exoskeleton

By Body Part: Upper Body, Lower Body, Full Body, By Application, Industrial, Healthcare, Military and Others

By Country:

North America: U.S., Canada, Mexico

Europe: UK, Germany, France, Spain, Italy, Rest of Europe

Asia-Pacific: China, India, Japan, South Korea, Australia, Rest of Asia-Pacific

LAMEA: Chile, Israel, South Africa, Rest of LAMEA

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Table of content:

CHAPTER 1: INTRODUCTION

CHAPTER 2: EXECUTIVE SUMMARY

CHAPTER 3: MARKET OVERVIEW

CHAPTER 4: SMART EXOSKELETON MARKET, BY FILTER TYPE

CHAPTER 5: SMART EXOSKELETON MARKET, BY APPLICATION

CHAPTER 6: SMART EXOSKELETON MARKET, BY DISTRIBUTION CHANNEL

CHAPTER 7: SMART EXOSKELETON MARKET, BY REGION

CHAPTER 8: COMPANY PROFILES

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