Exoskeleton Robotic System Market Foreseen to Grow Exponentially by 2028

Exoskeletons are externally wearable robotic support system that provide essential support for human motions and aids people with disabilities like spinal cord injury, neurological conditions like paralysis, to walk or move. Exoskeletons can also be referred to as robotic suit, wearable machine etc. It is a mechanical structures that is controlled by computer boards to power a system of pneumatics, hydraulics, and motors. It has tremendous ability to reduce disability, restore a person's ability to move and support work tasks. It increase versatility and safety.

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The expanding prevalence of spinal cord injury, increasing cases of stroke and growing demand for orthopedic rehabilitation are supposed to drive the development of the exoskeleton robotic system market. The rising geriatric population, increasing investment by military and defense sector in exoskeleton is expected to increase the demand of exoskeleton robotic system market in the future. Moreover, the increasing technological advancements and improved healthcare facilities in developed economies are also expected to boost market growth.

Leading Companies:

1. LockHeed Martin
2. Cyberdyne
3. Panasonic
4. Hocoma
5. ReWalk Robotics
6. Ekso Bionics
7. Parker Hannifin Corporation
8. Myomo
9. B-TEMIA Inc.
10. Alter G

The exoskeleton robotic system market are segmented on the basis of type and application. On the basis of type, the market is segmented into lower, upper, and full body. On the basis of application, the market is segmented as healthcare, defense, and industrial.

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