Press release
Wearable Robots Market is Expected to Grow at a CAGR of over 40.1% | During 2022-2028 | Vantage Market Research
According to Vantage market research the Global Wearable Robots market is valued at USD 575.5 Million in 2021 and is projected to attain a value of USD 8345.8 Million by 2028 at a CAGR of 40.1% during the forecast period, 2022-2028.
Key Findings and Insights from the report:
• The report presents the estimated CAGR of 40.1% size of the Wearable Robots Market at the end of the forecast period.
• The Global Wearable Robots market is predicted to reach a value of USD 8345.8 Million by 2028.
• The report includes an overview of the market, the financial performance of key players its segmentation, its geographical scope.
• The report provides a detailed evaluation of the market by highlighting information on various aspects which include restraints, drivers, opportunities, and threats.
• Insight also covers the price, production, share, and growth rate of these top manufacturers and examines the competitive scenario for a better understanding of the market synopsis.
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Wearable robots, sometimes referred to as power skeletons, are electromechanical wearable robotic systems that use pneumatics, hydraulics, and motors to power the system. Actuators, algorithms, sensors, and mechanical structures are used in robotic exoskeletons to collect data and perform motor functions. Advances in robotic exoskeleton technology designs could lead to increased adaptability and safety. Professional service robots with robotic exoskeletons are a rare breed. These robotic exoskeletons support human motion and can be used in a variety of applications from consumer products to military deployments. Even years after the accident, most individuals who use a robotic exoskeleton can make progress in regaining functionality. Wearable robots have huge potential to reduce disability and assist in work activities.
Market Segmentation:
By Type:
• Powered Exoskeletons
• Passive Exoskeletons
By Application:
• Healthcare
• Military & Defense
• Industrial
• Other End-user Industries
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COVID-19 Impact Analysis of Wearable Robots Market:
When the Covid-19 pandemic began in China, it sent shock waves to countries around the world. And as the number of cases continued to rise, it forced governments around the world to take serious action such as border seals, lockdowns and enforce strict social distancing measures to avert imminent catastrophe. These actions had a dramatic effect on the economy, as industrialists around the world were forced to halt their production, leading to supply chain disruptions and the loss of various industries. Thus, a fall in the global markets.
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The Wearable Robots market regional level analysis:
• Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
• Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
• North America (United States, Canada and Mexico)
• Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
• South America (Brazil, Argentina, Colombia, and Rest of South America)
List of Leading Players in the Global Wearable Robots Market:
• Cyberdyene Inc.
• Ekso Bionics
• Hocoma
• ReWalk Robotics
• Bionic Laboratories Corp.
• Wearable Robotics Srl
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Reason for buying this Wearable Robots market Report:
• The report highlights the macroeconomic forces that are affecting the strategies and policies in the market.
• Report provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
• It provides a six-year forecast assessed on the basis of how the market is predicted to grow
• The report provides market leading players with facts and insights on the Wearable Robots market.
• It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of industry segments.
• Disruption and uncertainties in the industry are studied in the report.
• It provides the key product segments and their future.
• The report identifies bottlenecks and problems associated with businesses operating in the Wearable Robots market and provides possible solutions to those problems.
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