Increasing Demand from Healthcare Sector Drives the Growth of the Exoskeleton Market

Exoskeleton Market by Product Type (Soft Exoskeleton, Rigid Exoskeleton), End-use Industry (Industrial, Military, Healthcare, Others), Body Type (Complete Body, Upper Extremities, Lower Extremities), Power Type (Powered, Passive), Mobility (Stationary, Mobile), and Region – Global Forecast to 2025

Pune, India – June 29, 2019 /MarketersMedia/ —

Meticulous Research® – leading global market research company is researching on exoskeleton market titled “Exoskeleton Market by Product Type (Soft Exoskeleton, Rigid Exoskeleton), End-use Industry (Industrial, Military, Healthcare, Others), Body Type (Complete Body, Upper Extremities, Lower Extremities), Power Type (Powered, Passive), Mobility (Stationary, Mobile), and Region – Global Forecast to 2025”.

Due to technological advancements in robotic technologies and the growing geriatric population, developers are creating novel exoskeletons for different end-use applications. Exoskeletons are wearable devices that work in a tandem with the user. They are positioned on the user’s body which acts as an amplifier to boost, strengthen, and rebuild an individual’s performance. Moreover, the increasing necessity from the healthcare sector for robotic rehabilitation and large funds for the advancement of exoskeleton technology is expected to drive the growth of the market.

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Powered Exoskeleton Segment is Projected to Register Exponential Growth during the Forecasted Period in the Exoskeleton Market

Based on Power type, the exoskeleton market is segmented into powered and passive. Among these, powered exoskeletons are expected to be the fastest growing segment in the market. Fuel cell and internal combustion engine used in powered exoskeleton can carry heavy objects, supports, and protects the individual’s body. It provides triggering body motion in patients suffering from neurological disorders, rehabilitation from stroke, and other physical disabilities. In addition, military agencies in collaboration with research institutes and manufacturers are developing simple and lightweight powered exoskeletons that restructure object mass and act as vibration and shock absorbers.

The Healthcare Segment is Expected to Witness the Highest CAGR during the Forecast Period

Based on End-Use, the exoskeleton market is segmented into industrial, military, healthcare, and others. Among these, the healthcare segment is expected to be the fastest growing technology in the market due to rapidly increasing awareness about the benefits of the exoskeleton and FDA approvals in the healthcare sector. In addition, increasing adoption of exoskeleton products by patients suffering from mobility disorders, spinal cord injuries, Parkinson’s disease, and gait disorders are also supporting the growth of exoskeleton market during the forecast period.

Asia-Pacific: The Fastest Growing Regional Market

Geographically, North America, comprising the U.S. and Canada, accounted for the largest share of the global market. However, Asia-Pacific is expected to witness the rapid growth during the forecast period. Increasing demand for self-assist exoskeletons, high occurrence of strokes, increasing investments in Research & Developments, and growing spinal cord injuries and other disorders are the significant factors that support the growth of the global exoskeleton market. In addition, increasing technological advancements in robotics, encouraging policies, and increasing healthcare infrastructure are projected to drive the growth of the exoskeleton market.

Key Players

The key players operating in the global exoskeleton market are Lockheed Martin Corporation (US), Cyberdyne Inc. (Japan), Ottobock(GERMANY), Parker Hannifin Corp (US), Honda Motor Co. Ltd(JAPAN), Wearable Robotics SRL (Italy), ReWalk Robotics Ltd (Israel), Mitsubishi Heavy Industries(JAPAN) , DIH Technologies Corporation (China), Deloitte Touche Tohmatsu Ltd(US), Bionik Laboratories Corp (Canada), ActiveLink (Manila), Gogoa Mobility Robots SL (Spain), Ekso Bionics (US), Rex Bionics Ltd. (UK), Atoun Inc. (Japan), and Hyundai Motors (South Korea).

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Key Topics Covered in This Report:
1 Introduction to Exoskeleton Market
1.1 Market definition
1.2 Scope of the Study
1.3 Global Exoskeleton Market Ecosystem
1.4 Currency & Limitation
1.4.1 Currency
1.4.2 Limitations
1.5 Key Stakeholders

2 Research Methodology
2.1 Research Process
2.1.1 Secondary Research
2.1.2 Primary Research
2.1.3 Market Analytics
2.1.4 Assumptions

3 Executive Summary

4 Market Insights
4.1 Introduction
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Challenges
4.2.5 Trends
4.3 Regulatory Analysis
4.4 Market Share Analysis, by Key Player

5 Exoskeleton Market, by Product Type
5.1 Soft Exoskeleton
5.2 Rigid Exoskeleton

6 Exoskeleton Market, by End-use Industry
6.1 Industrial
6.2 Military
6.3 Healthcare
6.4 Others

7 Exoskeleton Market, by Body Type
7.1 Complete Body
7.2 Upper Extremities
7.3 Lower Extremities

8 Exoskeleton Market, by Power Type
8.1 Powered
8.2 Passive

9 Exoskeleton Market, by Mobility
9.1 Stationary
9.2 Mobile

10 Global Exoskeleton Market, by Region
10.1 North America
10.1.1 U.S.
10.1.2 Canada
10.2 Europe
10.2.1 UK
10.2.2 Germany
10.2.3 France
10.2.4 Italy
10.2.5 Spain
10.2.6 Rest of Europe
10.3 Asia-Pacific
10.3.1 China
10.3.2 India
10.3.3 Japan
10.3.4 Rest of Asia-Pacific
10.4 Rest of World
10.4.1 Latin America
10.4.2 The Middle East and Africa

11 Global Exoskeleton Market-Competitive Landscape
11.1 Acquisitions
11.2 Expansions
11.3 New Product Launches and Upgradation
11.4 Agreements and Partnerships
11.5 Competitive Benchmarking

12 Company Profiles (Business Overview, Financial Overview, Product & Service Portfolio, Strategic Developments)
12.1 Lockheed Martin Corporation
12.2 Cyberdyne Inc.
12.3 Ottobock
12.4 Parker Hannifin Corp
12.5 Honda Motor Co. Ltd
12.6 Wearable Robotics SRL
12.7 ReWalk Robotics Ltd
12.8 Mitsubishi Heavy Industries
12.9 DIH Technologies Corporation
12.1 Deloitte Touche Tohmatsu Ltd
12.11 Bionik Laboratories Corp
12.12 ActiveLink
12.13 Gogoa Mobility Robots SL
12.14 Ekso Bionics
12.15 Rex Bionics Ltd.
12.16 ATOUN Inc
12.17 Hyundai Motor

11. Appendix
11.1 Questionnaire
11.2 Available Customization

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Website: https://www.meticulousresearch.com/product/exoskeleton-market-5010/

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