The Global Exoskeleton Market accounted to USD 112.6 million in 2017 growing at a CAGR of xx% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Also the Global Exoskeleton Market Component (Hardware {Sensors, Actuator, Power Source, Control System/Controller, Others}, Software), Mobility (Stationary, Mobile), Type (Powered, Passive), Body Part (Lower Extremities, Upper Extremities, Full Body), End-Users (Healthcare, Defense, Industrial, Others), Geography – Industry Trends and Forecast to 2025.
Exoskeleton is a structural frame that is worn by a human operator. The frame forms a human autonomy, depending on which body parts are actuated or powered by exoskeleton devices. Numerous exoskeletons are available for humans for the full body, upper extremities, and lower extremities.
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Major Market Drivers and Restraints:
- Increasing Demand From Healthcare Sector for Robotic Rehabilitation
- Development in Robotic Technologies
- Investment for the Expansion of the Exoskeleton Technology
- Strict Government Regulations
- High Cost of Equipment
Market Segmentation: Global Exoskeleton Market
- By component the global exoskeleton market is segmented into hardware, and software.
- Hardware segment is further sub-segmented into sensors, actuator, power source, control system/controller, and others. Sensors segment is further sub-segmented into microphone, accelerometer, tilt sensor, gyroscope, position sensor, force/torque sensor, and others. Actuator segment is further sub-segmented into electrical, pneumatic, hydraulic, and piezoelectric.
- By mobility the global exoskeleton market is segmented into stationary, and mobile.
- By type the global exoskeleton market is segmented into powered, and passive.
- By body part the exoskeleton market is segmented into lower extremities, upper extremities, and full body.
- By end-users the global exoskeleton market is segmented into healthcare, defense, industrial, and others.
- On the basis of geography, global exoskeleton market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2018, North America is expected to dominate the market.
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Competitive Analysis: Global Exoskeleton Market
The global exoskeleton market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Exoskeleton market for global, Europe, North America, Asia Pacific and South America.
Major Market Competitors: Global Exoskeleton Market
Some of the major players operating in exoskeleton market are Bionik Laboratories, B-Temia Inc., CYBERDYNE INC., Ekso Bionics, Focal Meditech, DIH Technologies Corporation, ReWalk Robotics, Ottobock, QSI Management, LLC, Atoun, Daiya Industry Co., Myomo Inc., Gobio Robot, MITSUBISHI HEAVY INDUSTRIES, LTD., PARKER HANNIFIN CORP, US Bionics, Gogoa, EXHAUSS, Fourier Intelligence Co., Ltd., and Rex Bionics Ltd. among others.
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