Exoskeletons Market – 2026: Industry Growth and Regional Analysis - PowerPoint PPT Presentation

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Exoskeletons Market – 2026: Industry Growth and Regional Analysis

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Increasing incident rates of stroke, spinal cord injury (SCI), or other diseases coupled with the growing number of accidents will drive the overall patient number suffering from mobility disorders. Over 15 million people are paralyzed and unable to walk, that in turn will provide strong growth opportunities for the exoskeletons market size. Research and development projects to reduce the overall costs and enhance its applications in military, industrial and recreational sectors will further support the industry expansion through 2026. Brows Complete Report @ – PowerPoint PPT presentation

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Title: Exoskeletons Market – 2026: Industry Growth and Regional Analysis


1
Exoskeletons Market is set to exceed USD 3.5
billion by 2026 at CAGR 41.5
2
Key Insights from Exoskeletons Market
  • Increasing incident rates of stroke, spinal cord
    injury (SCI), or other diseases coupled with the
    growing number of accidents will drive the
    overall patient number suffering from mobility
    disorders. Over 15 million people are paralyzed
    and unable to walk, that in turn will provide
    strong growth opportunities for the exoskeletons
    market size. Research and development projects to
    reduce the overall costs and enhance its
    applications in military, industrial and
    recreational sectors will further support the
    industry expansion through 2026.
  • Exoskeletons are classified under class II by
    Food and Drug Administration (FDA) that requires
    close application monitoring by regulatory
    authorities. Extensive clinical trials and
    approvals are required to demonstrate their
    safety in medical and personal mobility. Lengthy
    ethical approval procedures, complex patients
    requirement, and clinical uptake are required
    prior to product commercialization. These factors
    will inadvertently boost the consumer confidence
    in the products and thereby augment the
    exoskeletons market size over the forecast
    timeframe.

3
Continued
Industrial manufacturing and process participants
are focusing on deploying assistive systems that
can reduce work related injuries, medical
expenses, improve work efficiency and lower work
fatigue. Industrial exosuits are specifically
designed to leverage the utilization of systems
in robust applications, will inadvertently fuel
the exoskeletons market growth. For instance, in
August 2018, Esko Bionics and Ford developed
EksoVest that was deployed in Ford assembly line.
It supports a workers arms for tasks that
involve working from chest height to overhead.
4

Latest Research Report On Exoskeletons Market _at_
https//www.gminsights.com/industry-analysis/exosk
eleton-market Request for a sample of this
research report _at_ https//www.gminsights.com/reque
st-sample/detail/1946
5
U.S. Exoskeleton Market, By Technology, 2018
2026 (USD Million)

6
Major Companies in Exoskeleton Market
  • Lockheed Martin Corporation
  • Parker Hannifin
  • ReWalk Robotics
  • REX Bionics
  • Ekso Bionics
  • Cyberdyne
  • ATOUN Inc.
  • Hocoma
  • Revision Military
  • Wandercraft
  • Honda Motor Co. Ltd

7
Industry Coverage

8
Regional Insights in Exoskeleton Market
  • Asia Pacific exoskeletons market will witness
    highest CAGR over the forecast period due to the
    high number of research and development
    initiatives by Japan, South Korea, and China in
    medical and military sectors. For instance, in
    2018, Norinco, a state-owned manufacturer in
    China, introduced military exosuits to boost
    weight carrying capacity of armed forces.
    Additionally, China Shipbuilding Industry have
    deployed exoskeletons for shipyard workers, and
    military engineers have developed L-70 for their
    armed forces applications.

9
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