Exoskeleton Market Impact of Industry Size, Shares, and Impact Y-o-Y
Exoskeletons are robotics wearable devices that work in tandem with the consumer to augment, strengthen, or reconstruct human physical performance. Exoskeletons are also known as powered armor, robotic suits, wearable machine, exo-frame or exosuit, as well as power jackets. The growing demand for orthopedic rehabilitation in the healthcare industry, the increasing incidence of cardiac events, and the growing investment in the exoskeleton in the industrial, military, and defense sectors, are driving growth in the exoskeleton market size.
Exoskeleton technology is a wearable man-machine system that combines machine power and human intelligence to provide mechanical potency to the consumer. It is made up of a powered customizable outfit that is aimed to enhance user productivity and quality efficiency when performing specific tasks. It uses sophisticated algorithms to modify and adapt to human body movements, and it is outfitted with numerous sensors and electrical connections to control the components. Furthermore, these wearable technologies assist users in lifting heavy objects while relieving pressure on their core muscles and spine. They also make it easier for older people to walk and reduce the risk of falling. These structures are currently used in a variety of applications, including military, healthcare, and industrial.
Request For Free Sample Report @
Global Exoskeleton Market Dynamics
Growing applications across a wide range of industries, an aging workforce, technological advancements, and expanding reach in the military and healthcare industries are driving growth in the worldwide exoskeletons market value. These outfits are projected to be widely used in healthcare systems and to benefit from an increase in the number of rehabilitation clinics. The development of active and partially passive technology is one of the primary factors influencing the need for exoskeletons market. Several companies are focusing on the discovery and development of new exoskeleton systems. As a result, these factors are propelling the exoskeletons market trend. Global use of AI and IoT-enabled exoskeletons will improve the industry scenario. Furthermore, the global exoskeletons market size will profit from the increased demand for industrial exoskeletons.
Global Exoskeleton Market Regional Outlook
The global exoskeleton market is divided into five geographic regions: North America, Latin America, Asia-Pacific, Europe, and the Middle East and Africa. According to the exoskeleton industry analysis, the Asia-Pacific region accounted for the largest revenue share in the market over the forecasting years. Expansion in the regional market is anticipated in response to the existence of a sizable demand for exoskeletons for the healthcare and industrial sectors. Furthermore, rising government funding for medical equipment, combined with expanding healthcare infrastructure, is increasing the use of advanced robotics, resulting in market revenue growth. In recent, certain Japanese companies are providing exoskeletons to employees in order to alleviate the shortage of labor and promote older employees to continue their employment. Furthermore, Economic growths in nations such as China, India, and Japan, as well as increased government efforts to strengthen healthcare systems, are expected to boost revenue growth in this region.
Check the detailed table of contents of the report @
The global exoskeleton market has been segmented by Acumen Research and Consulting based on mobility, extremity, technology, and end-use. In terms of mobility, the segment is separated into fixed/stationary, and mobile. Based on the extremity, the industry is divided into passive, and powered. By technology, the market is classified into lower body, full body, and upper body. In terms of end-use, the segment is categorized into healthcare, industrial, military, and others.
Buy this premium research report -
Exoskeleton Market Players
Recently, important players have been concentrating on developing novel product development strategies and obtaining timely product approvals from regulatory authorities in order to broaden their company footprint and product portfolio. The increasing number of technical partnerships, collaborations, geographic expansion, and acquisitions and mergers is expected to propel the exoskeletons market expansion in the projected years.
Some of the prominent exoskeleton market companies is Bionik Laboratories Corp., Ekso Bionics, Cyberdyne Inc., Hocoma, B-Temia, Hyundai Motor Company, Lockheed Martin Corporation, Parker Hannifin, REX Bionics, Levitate Technologies, Inc., Ottobock SE & Co. KGaA, and ReWalk Robotics.
• In February 2022, CYBERDYNE Inc. reported that the Ministry of Health Republic of Indonesia approved its application for a medical device advertising licence for Medical HAL Single Joint Type, a wearable cyborg that enhances physical muscle strength.
201, Vaidehi-Saaket, Baner - Pashan Link Rd, Pashan, Pune, Maharashtra 411021
Acumen Research and Consulting (ARC) is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, Acumen Research and Consulting assures to deliver a combination of industry knowledge along with global and country level expertise.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Exoskeleton Market Impact of Industry Size, Shares, and Impact Y-o-Y here
News-ID: 2832700 • Views: 292
More Releases from Acumen Research and Consulting
Ultrasound Devices Market Huge Future Demand: Key players Koninklijke Philips N. …
Ultrasound Devices Market Size to Occupy More Than USD 13.8 Billion by 2032 | CAGR 6.1% from 2023 to 2032 The Ultrasound Devices Market research report published by Acumen Research and Consulting provides a comprehensive yet detailed analysis of the global market landscape. The report helps our clients understand the market scenario while also providing a detailed historical account of the market over the previous years. The Ultrasound Devices Market size
Ultrapure Water Market Analysis, Statistics, Regional, and Forecast to 2032
Ultrapure Water Market Size to Occupy More Than USD 17.2 Billion by 2032 | CAGR 7% from 2023 to 2032 The Ultrapure Water Market research report published by Acumen Research and Consulting provides a comprehensive yet detailed analysis of the global market landscape. The report helps our clients understand the market scenario while also providing a detailed historical account of the market over the previous years. The Ultrapure Water Market size
U.S. Denim Jeans Market With 5.4% CAGR, to Reach USD 34 Billion 2032 | Leading C …
U.S. Denim Jeans Market Size to Occupy More Than USD 34 Billion by 2032 | CAGR 5.4% from 2023 to 2032 The U.S. Denim Jeans Market research report published by Acumen Research and Consulting provides a comprehensive yet detailed analysis of the global market landscape. The report helps our clients understand the market scenario while also providing a detailed historical account of the market over the previous years. The U.S. Denim
Textile Coating Market 2022 Industry Size Forecast by Share, Revenue, Growth and …
Textile Coating Market Size to Occupy More Than USD 8.4 Billion by 2032 | CAGR 4.2% from 2023 to 2032 The Textile Coating Market research report published by Acumen Research and Consulting provides a comprehensive yet detailed analysis of the global market landscape. The report helps our clients understand the market scenario while also providing a detailed historical account of the market over the previous years. The Textile Coating Market size
More Releases for Exoskeleton
Exoskeleton Market Industry Analysis - Exoskeleton Market Market Size Driven by …
The most recent study offered by Acumen Research and Consulting focuses Exoskeleton Market size, share, growth rate, and market trends, as well as the parameters and factors influencing it in both the long term and short term. The report investigates the Exoskeleton Market trends in order to assess its current and future potential. Our Exoskeleton Market analysis also provides market participants and new entrants with a comprehensive view of the
Exoskeleton Robots Market 2021 | Detailed Report
The research reports on “Exoskeleton Robots Market” report gives detailed overview of factors that affect global business scope. Exoskeleton Robots Market report shows the latest market insights with upcoming trends and breakdowns of products and services. This report provides statistics on the market situation, size, regions and growth factors. An exclusive data offered in this report is collected by research and industry experts team. Get Free Sample PDF (including full TOC,
Exoskeleton against back pain
By combining medicine and modern robotics, the startup Japet Medical developed a novel exoskeleton. For companies, its use can mean a significant reduction in work absences and accidents. Now, with the support of Startup Campus Germany, the French company has won its first German customers, Hof University of Applied Sciences and MeisterWerke Schulte GmbH. Lower back pain, muscular and skeletal diseases are the main cause of absenteeism and occupational diseases. For
Impact of COVID-19 on Exoskeleton Market | TOP 10 COMPANIES IN EXOSKELETON MARKE …
Meticulous Research – A leading global market research company published a research report titled, “Exoskeleton Market by Product Type (Soft & Rigid), Power Type (Powered & Passive), Body Type (Complete Body, Upper & Lower Extremities), Mobility (Stationary & Mobile), and End-Use Industry (Industrial, Military, Healthcare)- Global Forecast to 2027”. According to this latest publication from Meticulous Research®, the global exoskeleton market is expected to grow at a CAGR of 54.5% from
Global Powered Exoskeleton Market Insights, Forecast
Powered Exoskeleton market is a wearable high-tech robotic device used for limb movement with increased strength and endurance. The rapid development of science and technology especially in the field of healthcare has paved a way for mitigation of neural, physical disorder by Powered Exoskeleton. Moreover, the concept of externally powered skeleton systems is widely adopted for Astronomy and Defense sector. Increase in physically challenged population, the rise in demand for
Global Exoskeleton Market Growth 2019-2024
An Exoskeleton is a wearable robot that combines human intelligence and machine power. It is widely used for rehabilitation applications such as tendon therapy and physical exercise, and supports finger flexion and extension movements. In the last several years, global market of Exoskeleton developed rapidly, with an average growth rate of 42.91%. In 2017, global revenue of Exoskeleton is nearly 84.96 M USD; the actual sales are about 3395 units. The classification