BLOOMINGTON, Minnesota,
September 20, 2017 /PRNewswire/
--
According to a market intelligence report by BIS Aerospace &
Defense domain titled "Global Wearable Robotic
Exoskeleton Market, Analysis & Forecast, 2017 -
2026", the global wearable robotic exoskeleton market
is expected to reach $4.65 billion by
2026, growing at a CAGR of 47.4% during the forecast period. The
wearable robotic exoskeleton market witnessed a high growth rate as
machine intelligence has surpassed human intelligence in the
defense industry and there is a rise in the demand for exoskeletons
for rehabilitation application, which is expected to further
increase with the rapid growth of the geriatric population. Recent
innovations in exoskeleton components and services have enabled the
exoskeleton technology to reach a wider segment of consumers in the
industry. However, stringent governmental regulations for
exoskeletons in the healthcare industry and the high selling price
of powered exoskeletons are the major challenges for the
market.
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*Browse 28 Market Data Tables and 122 Figures spread through
247 Pages and in-depth TOC on "Global Exoskeleton
Market"
The companies in the market are developing various forms of
emerging technologies such as 3D printed electronic components and
structure, durable batteries, and soft actuators, among others, to
provide cost-effective and affordable exoskeletons. This, as a
result, is expected to increase the competition in the near future
as well as facilitate the utilization of exoskeleton for varied
applications. Advancements in soft actuators for exoskeletons,
increasing interest of insurance companies towards exoskeletons for
rehabilitation, and increasing utilization of exoskeletons in the
industrial sector are the major factors which are expected to
create lucrative opportunities for the market players in the next
five years.
Currently, there are more than 70 exoskeleton products in the
market, which are either commercially available or are in the
designing and testing phase, being deployed for diverse
applications. Most of the exoskeletons are powered, aiming to
provide rehabilitation and assistance. The cost of powered
exoskeletons present in the market is extremely high as compared to
the passive ones. The selling price of a powered exoskeleton ranges
from $50,000 to $120,000, which does
not include the service and maintenance costs. Thus, there is an
unmet demand for significant cost reduction, in order to facilitate
personal usage of exoskeletons for rehabilitation application.
Globally, various governments and the major companies in robotics
industry are investing in exoskeletons in order to make it
accessible to a broader range of users.
According to Ayushi Bajpai, an analyst at BIS Research,
"Exoskeleton market has been a significant area
of focus in the robotics industry, especially for industrial end
user, in order to improve endurance and safety in industrial
settings, increase productivity at workplace, reduce the risk of
injury, and reduce fatigue. Industrial
end-user is foreseen to witness the
high growth rate of 52% in the market, with 1,07,003
industrial exoskeletons, globally, by
2026."
Exoskeletons have gained widespread importance in the last few
years owing to their increased advantages in varied industries
including healthcare, defense, industrial, and commercial. The need
for exoskeleton has gradually emerged across the globe, due to rise
in the demand for exoskeletons for rehabilitation application.
Globally, Asia-Pacific is one of
the most prominent regions of this market, which is constantly
advancing their technologies to develop exoskeletons. Europe dominated the market in 2016, mainly
due to the increased number of exoskeleton start-ups and the
significant investment by the government in developing active
exoskeletons for the healthcare industry. In addition to this, the
emerging start-ups in the region are also very keen to develop
passive exoskeletons for applications such as back support, skiing,
arm support, leg support, upper body fixed rehabilitation, and
military.
Request for Sample Report:
https://bisresearch.com/requestsample?id=407&type=download
The market report provides a detailed analysis of the recent
trends influencing the market, along with a comprehensive study of
the future trends and developments. It also includes a competitive
analysis of the leading players in the industry, including
corporate overview, financials, financial summary and SWOT
analysis. The overall market has been segmented by type, including
passive and active; industry, namely: healthcare, commercial,
industrial, and defense; and applications, including
rehabilitation, assistive, body parts support, and sports. The
report also includes a comprehensive section on the geographical
analysis of the market which includes North America, Europe, Asia-Pacific, and Rest of the World.
BIS research
Report: https://bisresearch.com/industry-report/global-wearable-robotic-exoskeleton-market-2026.html
This report is a meticulous compilation of research on more than
100 players in the robotics industry and draws upon insights from
in-depth interviews with the key opinion leaders of more than 20
leading companies, market participants, and vendors. The report
also profiles around 16 companies, which are leading exoskeleton
producers, including ATOUN Co., Ltd., B-Temia Inc., Bionik
Laboratories Corp., Cyberdyne Inc., Ekso Bionics Holdings, Inc.,
Hocoma AG, Myomo Inc., Parker Hannifin Corporation, ReWalk Robotics
Ltd., and Rex Bionics PLC, among others. The report also focuses on
the emerging start-ups in the exoskeleton market and provides
strategic developments by them.
Key questions answered in the report:
- What is the size, in terms of revenue and volume, of the
wearable robotic exoskeleton market in 2016, and growth rate during
the forecast period, 2017-2026?
- What is the market size of different types of exoskeletons
(active and passive), based on the industry (healthcare,
industrial, commercial, and defense) in which they are being
utilized?
- What was the market value of different applications of
exoskeletons in 2016, on the basis of varied industries?
- What is the market size of exoskeletons on the basis of
different geographical regions and respective leading nations?
- What is the market size of different types of exoskeletons
being consumed in different regions?
- What are the key trends and opportunities in the exoskeleton
market, across different regions and respective countries?
- What are the major driving forces that are expected to increase
the demand of exoskeletons during the forecast period?
- What are the major challenges inhibiting the growth of the
global wearable robotic exoskeleton market?
- What kinds of new strategies are being adopted by the existing
market players to make a mark in the industry?
- What is the competitive strength of the key players in the
wearable robotic exoskeleton market on the basis of market share
analysis and competitive benchmarking model?
About BIS Research:
BIS Research (Business Intelligence and Strategy Research) is a
global B2B market intelligence and advisory firm which focuses on
those emerging trends in technology which are likely to disrupt the
dynamics of the market.
With over 150 market research reports published annually, BIS
Research focuses on high technology verticals such as 3D Printing,
Advanced Materials & Chemicals, Aerospace and Defense,
Automotive, Healthcare, Electronics & Semiconductors, Robotics
& UAV and other emerging technologies.
Our in-depth market intelligence reports focus on the market
estimations, technology analysis, emerging high-growth
applications, deeply segmented granular country-level market data
and other important market parameters useful in the strategic
decision making for senior management.
What distinguishes BIS Research from the rest of the players is
that we don't simply provide data, but also complement it with
valuable insights and actionable inputs for the success of our
clients.
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