Exoskeleton Market Size, Industry Report, Growth Drivers 2022

According to Precision Business Insights (PBI), the global exoskeleton market size was valued at USD 1,816.1 billion in 2022 and is poised to grow at a significant CAGR of 19.8% during the forecast period 2023 to 2029. Wearable robotic exoskeletons, sometimes referred to as powered armor or powered suits, are devices that can be worn over human body parts and offer structural support by integrating physiological and psychological concepts with technical technology. Levers, hydraulics, pneumatics, and electric motors are used to power the exoskeletons. In order to aid increase strength, adequate limb movement, or improving endurance, cybernetic technology is also utilized. The gear's sensors get the information from the control systems, which are designed to detect and coordinate with the user's intended motion. Moreover, it can aid in increasing mechanical load tolerance. By stabilizing movements when lifting large objects, a user of a wearable robotic exoskeleton can avoid significant injuries to bodily areas like the back, shoulder, thighs, or waist. A powered skeleton differs from a passive exoskeleton in that the latter depends solely on the user's muscle strength for movements, adding additional pressure and making the user more susceptible to fatigue.

View the detailed report description here - https://precisionbusinessinsights.com/market-reports/exoskeleton-market/

Exoskeleton Market Growth Factors:
Some of the main factors driving the growth of the exoskeleton market are the constantly expanding worldwide senior population, increased acceptance rates of medical devices in several industries, including the automotive, military, defense, and construction, and rising stroke incidence. Due to the advantages of exoskeleton technology, such as enhancing or aiding users' physical activity or capability, improving users' health & productivity, and lowering the weariness experienced by industrial workers, are some of the factors encouraging the acceptance of exoskeleton solutions.

However, the restricted technology improvements and low per capita income in emerging nations and underdeveloped countries hinder the growth and development of the exoskeleton market.

The global exoskeleton market segmentation
1) By Mobility: Mobile, Fixed/Stationary
2) By Technology: Powered, Non-powered) Extremity (Upper Body, Lower Body, Full Body
3) By End User: Healthcare, Military, Industrial

Request sample report at- https://precisionbusinessinsights.com/request-sample?product_id=53564

Exoskeleton Market Regional Analysis:
Exoskeleton adoption is currently low in the Asia-Pacific area, but it has significant development potential in the next years. The exoskeleton market in this region is expanding quickly thanks to population increase and rising economic development. As some of the world's most rapidly rising technology nations, such as China, India, and South Korea, this region offers significant growth potential for industry participants. Also, the presence of a sizable patient pool, rising disposable income, the availability of government financing, and the prevalence of stroke and spinal cord injuries are all likely to contribute to the Asia Pacific market's expansion throughout the course of the projection period.

Key players' profiles in the Exoskeleton Market report are ATOUN. (Japan), BIONIK (Canada), B-Temia (Canada), CYBERDYNE (Japan), DIH Medical (China), Ekso Bionics. (US), Lockheed Martin Corporation (US), MediTouch (Israel), Ottobock (Germany), ReWalk Robotics (US)

Contact:
Mr. Satya
Precision Business Insights | Toll Free: +1 866 598 1553
Email: sales@precisionbusinessinsights.com
Kemp House, 152 - 160 City Road, London EC1V 2NX
Website: https://precisionbusinessinsights.com/ | D U N S® Number: 852781747

About Precision Business Insights:
We are a market research company that strives to provide the highest quality market research insights. Our diverse market research experts are enthusiastic about market research and therefore produce high-quality research reports. We have over 500 clients with whom we have a good business partnership and capacity to provide in-depth research analysis for more than 30 countries. In addition to deliver more than 150 custom solutions, we already have accounts with the top five medical device manufacturers.

Precision Business Insights offers a variety of cost-effective and customized research services to meet particular research requirements. We are a leading research service provider because of our extensive database built by our experts and the services we provide.

This release was published on openPR.