Robotic Exoskeleton Market Scope
Robotics is the utilisation of engineering towards returning humans with menial jobs, while exoskeletons are the utilisation of robotics and biomechatronics towards the augmentation of humans in the performance of a variety of tasks. Robotic exoskeletons are wearable electromechanical tools that have been developed as augmentative things to improve the physical performance of the wearer or as orthotic gadgets for gait rehabilitation or locomotion assistance. These enable users with appropriate physical abilities to stand, walk, climb stairs and perform, and provide essential support for human motion, with potential uses ranging from consumer products to military deployment. The requirement for Robotic exoskeletons has begun as a rehabilitation device that may ameliorate several of the existing health-related consequences after spinal cord injury.
The Robotic Exoskeleton market study is segmented by Type (Powered and Passive), by Application (Healthcare Sector, Military Sector, Industrial Sector and Civilian Sector) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Robotic Exoskeleton market throughout the predicted period.
Bionik Laboratories (Canada), B-Temia (Canada), CYBERDYNE (Japan), Ekso Bionics (United States), Focal Meditech (Netherlands), DIH Technologies (China), Hyundai Motor (South Korea), Lockheed Martin (United States), Meditouch (Israel) and Ottobock (Germany) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are ReWalk Robotics (Israel), Exhauss (France) and Fourier Intelligence (China).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Robotic Exoskeleton market by Type, Application and Region.
On the basis of geography, the market of Robotic Exoskeleton has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
In January 2021 suitX United States-based start-up bringing advanced accessible exoskeletons to industrial and medical markets. launched a novel wearable exoskeleton, shield, for healthcare personnel required to wear heavy anti-radiation aprons. shieldX removes 100% of the weight of a heavy anti-radiation apron from the user’s shoulders and spine
Market Trend
- The demand for the lightweight, compact, powerful, Robotic Exoskeleton
Market Drivers
- Growing Demand From Healthcare Sector for Robotic Exoskeleton
- Proliferating construction industry and requirement to improve labour safety
- Adoption of the Technology By Insurance Companies in Their Plans
Opportunities
- Increasing Adoption of Robotic Exoskeleton in Industrial and Military Sectors
Restraints
- High costs associated with R&D & product acquisition
Challenges
- The evidence to support its clinical application is still lacking considering its prohibitive cost
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Robotic Exoskeleton Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Government Regulatory and Research Organizations and End-Use Industry
Customization available in this Study:
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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