Comprehensive analysis on Soft Exoskeleton Market | Key Players are: Ekso Bionics, ReWalk Robotics, Panasonic, Matsushita Electric Industrial, Bioservo, SRI International Technologies AB
Additionally, Europe CE certifications, China Food and Drug Administration (CFDA), and Japanese Ministry of Health, Labor, and Welfare (MHLW) have developed stringent regulations for the usage of soft exoskeletons in industrial and healthcare sectors. These regulations and safety parameters will induce improved confidence in customers and will contribute significantly toward the soft exoskeleton market expansion till 2025.
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Europe soft exoskeleton market will grow significantly owing to increased investments in R&D for improving the exoskeleton technology. The business is further supported by the presence of geriatric population and increasing innovations in the technology. Industry participants are engaged in collaborating with research institutes and universities for developing lightweight exosuits at a lower cost. For instance, researchers from the University of Limerick are collaborating with the Italian Institute of Technology for offering commercially viable exoskeletons by 2019.
Increasing popularity of exoskeletons coupled with technological advancements in soft wearables are driving the soft exoskeleton market over the forecast timeframe. Upsurge in the usage of soft exoskeletons across the military, healthcare, and industrial sectors along with numerous advantages offered are further supporting the business growth over the projected timeframe. Improvements in motors and actuators for powering the exosuits including improved battery capacity & power and the incorporation of advanced sensors will contribute significantly towards the soft exoskeleton market expansion till 2025.
Technological developments in the soft exosuits, including the incorporation of machine learning algorithms for controlling different parameters are positively influencing business expansion. For instance, the Wyss Institute and Harvard John A. Paulson School of Engineering and Applied Sciences are collaborating on a ?human-in-the-loop optimization? project that utilizes real-time measurements of human physiological signals for directing exosuits and delivering assistive force to the users? body parts.
Industry participants along with multiple educational research institutions are actively capitalizing in R&D to present innovative solutions for customers. For instance, in May 2016, ReWalk Robotics collaborated with Wyss Institute of Harvard University. This collaboration facilitated the firms to develop designs and concepts of lightweight exoskeleton system technologies aimed at lower limb disabilities, propelling the soft exoskeleton market growth of over the study timeframe.
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Upper & lower body segment dominated the soft exoskeleton market accounted for over USD 700 thousand in 2018. Increasing usage for rehabilitation of disabled patients caused by stroke or spinal injuries will enhance the segment dominance. For instance, in 2017, Wyss Institute of Harvard University developed upper and lower limb soft exoskeletons for assisting patients with rehabilitation owing to limited mobility disabilities.
Military segment accounted for a significant growth rate over the projected timeframe. This growth is credited to the increasing funding activities by defense firms for developing advanced soft exoskeleton solutions. For instance, in September 2014, Wyss Institute of Harvard university got the first phase funding of around USD 2.9 Million from Defense Advanced Research Projects Agency (DARPA) for development of soft exosuits.
Few players in the soft exoskeleton industry include Ekso Bionics, ReWalk Robotics, Panasonic ? Matsushita Electric Industrial, Bioservo, and SRI International Technologies AB. Partnerships and joint ventures are among the prominent strategies adopted by the industry participants for improving their market share. For instance, in 2016, ReWalk Robotics announced a strategic collaboration with the Wyss Institute of Harvard University for developing and testing lightweight soft exosuits designed for lower limb disabilities, thereby providing a positive outlook for the industry expansion.
Chapter 1 Methodology & Scope
1.1 Research methodology
1.1.1 Initial data exploration
1.1.2 Statistical model and forecast
1.1.3 Industry insights and validation
188.8.131.52 Forecast parameters & considerations
1.2 Data sources
1.2.1 Paid Sources
Chapter 2 Executive Summary
2.1 Soft exoskeleton industry 360 degree synopsis, 2014 - 2025
2.1.1 Business trends
2.1.2 Product trends
2.1.3 Application trends
2.1.4 Regional trends
Chapter 3 Soft Exoskeleton Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2014- 2025
3.3 Industry ecosystem analysis
3.3.1 Component suppliers
3.3.3 Profit margin analysis
3.3.4 Distribution channel analysis
3.3.6 Vendor matrix
3.4 Pricing trends by region
3.4.1 North America
3.4.3 Asia Pacific
3.4.4 Latin America
3.5 Technology landscape
3.5.1 Functional electrical stimulation (FES)
3.5.2 Structured functional textiles based multi-joint soft exosuit
3.6 Regulatory landscape
3.6.1 North America
184.108.40.206 Sec. 890.3480: Subpart D-Physical Medicine Prosthetic Devices
220.127.116.11 48 CFR 252.225-7022 - Restriction on acquisition of polyacrylonitrile (pan) carbon fiber, one of the composites of soft exoskeleton products.
3.6.3 Asia Pacific
3.6.4 Latin America
3.7 Industry impact forces
3.7.1 Growth drivers
18.104.22.168 North America
22.214.171.124.1 Increase in Parkinson's and other muscle-related diseases
126.96.36.199.1 Utilization of soft exoskeletons for ageing population and armed forces
188.8.131.52 Asia Pacific
184.108.40.206.1 Proliferating demand in manufacturing & healthcare
220.127.116.11 Latin America
18.104.22.168.1 Rising elderly population
22.214.171.124.1 Proliferating construction industry
3.7.2 Industry pitfalls & challenges
126.96.36.199 High costs associated with R&D
3.8 Innovation & sustainability
3.8.1 Medical rehabilitation soft exoskeleton for the elbow
3.8.2 Machine learning based soft exosuit
3.9 Growth potential analysis, 2017
3.10 Porter's analysis
3.11 Competitive landscape, 2017
3.11.1 Top players overview
3.11.2 Global company performance analysis, 2017
3.11.3 Company performance analysis, 2017
3.11.4 Strategy dashboard
3.12 PESTEL analysis
Chapter 4 Soft Exoskeleton Market, By Product
4.1 Global soft exoskeleton market share by product, 2018 & 2025
4.2 Full body soft exoskeleton
4.2.1 Market estimates and forecast, 2014 - 2025, (Units) (USD Thousand)
4.2.2 Market estimates and forecast, by region, 2014 - 2025, (Units) (USD Thousand)
4.3 Upper & lower body soft exoskeleton
4.3.1 Market estimates and forecast, 2014 - 2025, (Units) (USD Thousand)
4.3.2 Market estimates and forecast, by region, 2014 - 2025, (Units) (USD Thousand)
Chapter 5 Soft Exoskeleton Market, By Application
5.1 Global soft exoskeleton market share by application, 2018 & 2025
5.2.1 Market estimates and forecast, 2014 - 2025, (Units) (USD Thousand)
5.2.2 Market estimates and forecast, by region, 2014 - 2025, (Units) (USD Thousand)
5.3.1 Market estimates and forecast, 2014 - 2025, (Units) (USD Thousand)
5.3.2 Market estimates and forecast, by region, 2014 - 2025, (Units) (USD Thousand)
5.4.1 Market estimates and forecast, 2014 - 2025, (Units) (USD Thousand)
5.4.2 Market estimates and forecast, by region, 2014 - 2025, (Units) (USD Thousand)
5.5.1 Market estimates and forecast, 2014 - 2025, (Units) (USD Thousand)
5.5.2 Market estimates and forecast, by region, 2014 - 2025, (Units) (USD Thousand)
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Global Soft Exoskeleton Market Growth 2018-2023
Soft exoskeletons offer a wide variety of benefits compared to the rigid exoskeletons including construction from flexible materials, that utilizes bowden cables, air muscles, and filaments for easier body movement.?
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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