Exoskeleton Market 2019 – Asia Pacific to be A Key Revenue Contributor

Characterized by technological innovations, exoskeleton market strives to bring about a transformation in rehabilitation devices for consumer comfort

Selbyville, United States – August 28, 2019 /MarketersMedia/ —

Asia Pacific has been proclaimed to emerge as the next lucrative growth ground for exoskeleton market, given the robust demand for wearables in the region. The growing geriatric population in the continent, vulnerable to strokes and mobility issues, would demand the deployment of rehabilitation therapy procedures. This would subsequently necessitate the requirement of advanced exoskeletons designed to help patients with gait training and the like, thereby providing a boost to APAC exoskeleton market share.

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Most of the companies headquartered in the Asia Pacific have reportedly been striving toward developing innovative products that would be deployed across the military and healthcare sectors. For instance, the South Korean automotive giant, Hyundai Motor Company, recently made it to the headlines for having developed an exoskeleton called the H-MEX (Hyundai Medical Exoskeleton), especially designed for paraplegics. Having debuted at the CES 2017, H-MEX is the firm’s first exoskeleton and is manufactured to allow patients paralyzed from below the waist to regain balance, in addition to improving the blood circulation among patients.

Characterized by technological innovations, exoskeleton market strives to bring about a transformation in rehabilitation devices for consumer comfort. In yet another breakthrough, Lowe’s companies Incorporation, a key player across the retail industry, and Virginia Tech, an educational institute & university based in the U.S., have built a soft & light exosuit to help the employees working in Lowe’s retail stores to easily lift and move heavy products across the store.

The Wyss-ReWalk partnership inked in Q3 2017 sent out waves of anticipation across exoskeleton industry, based on the premise of the fact that both the organizations have been striving toward helping people with physical impairments. Elaborating further, ReWalk recently made it to the headlines for working on an exoskeleton designed to enable stroke affected patients regain their mobility. In consequence, the firm signed a partnership with the Wyss Institute, Harvard, renowned for specializing in the development of innovative technology powered by biological design principles.

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Exoskeleton market find wide applications across healthcare, industrial, and military sectors. The introduction of new technologies across the healthcare sector to ensure the safety coupled with the allocation of funds for healthcare will spur the product penetration. Healthcare applications are expected to emerge as the dominant application segment by 2026, owing to the rising demand for rehabilitation spurred by disorders such as Parkinson’s disease, spinal cord injuries, and other gait disorders. Not to mention, exoskeletons offer numerous benefits to healthcare providers, reducing the burden that therapists endure during training and therapy.

Major corporations such as ReWalk Robotics, Lockheed Martin, REX Bionics, Panasonic Corporation, and Cyberdyne Incorporation have made remarkable contributions toward augmenting exoskeleton market size in recent years. The recent breakthroughs witnessed across the business landscape indeed validate the claims put forward by market analysts, who state that exoskeleton industry would be worth more than USD 3.5 billion by 2026.

Some Points From Table Of Content: –

Chapter 6 Exoskeleton Market, By Technology
6.1 Exoskeleton industry share by technology, 2018 & 2026
6.2 Passive
6.2.1 Passive exoskeleton industry estimates and forecast, 2014 – 2026, (Units) (USD Million)
6.2.2 Passive exoskeleton industry estimates & forecast, by region, 2014-2026 (Units) (USD Million)
6.3 Semi-passive
6.3.1 Semi-passive exoskeleton industry estimates and forecast, 2014 – 2026, (Units) (USD Million)
6.3.2 Semi-passive exoskeleton industry estimates & forecast, by region, 2014-2026 (Units) (USD Million)
6.4 Active
6.4.1 Active exoskeleton industry estimates and forecast, 2014 – 2026, (Units) (USD Million)
6.4.2 Active exoskeleton industry estimates & forecast, by region, 2014-2026 (Units) (USD Million)

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