The article cited AMA's "Global Exoskeleton Market Study" explored CAGR of %. According to the report, High Investments for the Development of Exoskeleton Technology is one of the primary growth factors for the market. Rise in the Need for Improvement in Productivity & Reduction of Fatigue in Manufacturing & Construction Industry
is also expected to contribute significantly to the Exoskeleton market. Overall, Healthcare
applications of Exoskeleton, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Mobility, such as Stationary, is boosting the Exoskeleton market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Body Part, such as Lower Extremities, is boosting the Exoskeleton market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Component, such as Hardware, is boosting the Exoskeleton market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Exoskeleton market identified that the demand is rising in many different parts of the world as "There is an Increased Opportunity for Market Growth, Owing to Rising Usage of Exoskeleton in Military Operations for Aiding Injured Soldiers & Lifting Heavy Weights
". Furthermore, some recent industry insights like "On February 06, 2020, Ekso Bionics Holdings, Inc., a leading developer of robotic exoskeletons, announced the worldwide launch of its upgraded EksoPulse platform, an innovative cloud-based information technology platform that measures & analyzes progress using the EksoNR robotic exoskeleton. The improved analytics system provides an easy-to-use dashboard to chart activity in rehabilitation sessions, enhancing the clinician, institutional, & patient experience of the most clinically used exoskeleton" is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Exoskeleton market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2018 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Exoskeleton market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Exoskeleton market size is calculated using market estimation process, the Exoskeleton market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Exoskeleton market size has been validated using both top-down and bottom-up approaches.