Global Exoskeleton Market- Growth, Trends, Covid-19 Impact, And Forecasts For 2015

Exoskeleton Market

Despite the fact that exoskeletons have been around for a long time, the market for them is expanding due to factors such as increased demand from the healthcare sector for robotic rehabilitation, breakthroughs in robotic technologies, and large investments in exoskeleton technology development.

The Exoskeleton Market's Major Drivers

The exoskeleton market is growing due to rising demand for exoskeletons from the military sector, which can carry more armour while moving quickly. Furthermore, exoskeletons can reduce the metabolic cost of the load while also allowing soldiers to cover more land and wear heavier armour, which is driving demand for exoskeletons in the military sector and driving market growth.

Exoskeleton market firms create structures for people with physical disabilities (most often used for those who have served in the military as well as the elderly). The primary purpose of the exoskeleton market is to assist individuals in overcoming their physical limitations.

The exoskeleton market is used to support the user's weight, assist in lifting, keep loads stable, and stabilize the user's body. Exoskeletons help the arms, upper body, and lower body.

Lockheed Martin is continuing to improve next-generation industrial goods, with a concentration on powered exoskeletons. Onyx, a revolutionary powered lower-body exoskeleton from Lockheed Martin, has proved its capacity to improve mobility and reduce fatigue in users.

Market dynamics for exoskeletons

Growing demand for robotic rehabilitation in the healthcare industry is a driving force.

Robot-assisted therapy systems are becoming more popular in rehabilitation because they offer numerous advantages, such as performing repetitive movements during goal-directed tasks, evaluating various physiological and functional parameters during rehabilitation exercises, improving motivation, and assisting with home exercises and training.

Restraint:

Obtaining regulatory clearance for exoskeleton market medical applications poses a significant hurdle.

User safety and device reliability are the key problems in the development and regulation of medical devices. During product testing, the manufacturer's technical design skills and knowledge can make a difference. Exoskeleton Market designed for healthcare applications must be properly scrutinised because the failure of medical equipment can have life-threatening repercussions.

Companies that are important

Ekso Bionics, ActiveLink (Panasonic Corporation), Cyberdyne, Inc., ReWalk Robotics Ltd, Rex Bionics Plc., Lockheed Martin Corporation, Suit X (U.S. Bionics, Inc.), RB3D, Hocoma, DIH Technologies, Focal Meditech, and Ottobock are some of the major companies in the worldwide exoskeleton industry.

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