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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