Global Exoskeleton Market Overview:
An Exoskeleton is a Machine Placed on the Userís Body & It acts as Amplifiers That Augment, Reinforce or Restore Human Performance. It Can Cover the Entire Body, Just the Upper or Lower Extremities, Or Even a Specific Body Segment Such as the Ankle or the Hip. It is the Application of Robotics & Biomechatronics, Towards the Augmentation of Humans in the Performance of a Variety of Tasks
- Rise in the Need for Improvement in Productivity & Reduction of Fatigue in Manufacturing & Construction Industry
- The Rise in the Number of Patients Suffering from Movement Disorders like Parkinsonís Disease, Multiple Sclerosis, & Strokes as well as Spinal Cord Injury & Paralysis Cases
- High Investments for the Development of Exoskeleton Technology
- High Initial Product Development Cost
- There is an Increased Opportunity for Market Growth, Owing to Rising Usage of Exoskeleton in Military Operations for Aiding Injured Soldiers & Lifting Heavy Weights
- There are Prospects for Growth, Due to From the Increasing Usage of Exoskeleton in Healthcare Sector for Robotic Rehabilitation
- Limited Run Time & Need for Frequent Replacement or Recharging Of Batteries in the Exoskeleton System
- Fixed Joint Flexibility Allowing Restricted Movements
The Market for the Exoskeleton is Fragmented with the Presence of Many Players. Leading Players Can Adopt Strategies Like a Merger, Acquisition, Expansion, New Product Launch, in Order to Gain Share Within the Market. Owing to Growing Applications of Exoskeleton, there are Growing Prospects for the New Players to Enter the Market
Some of the key players profiled in the report are Cyberdyne (Japan), Ekso Bionics (United States), Focal Meditech (Netherlands), Bionik Laboratories (Canada), B-Temia (Canada), DIH Technologies (China), Hyundai Motor (South Korea), Lockheed Martin (United States), Meditouch (Israel) and Ottobock (Germany). Additionally, following companies can also be profiled that are part of our coverage like ReWalk Robotics (Israel), Exhauss (France), Fourier Intelligence (China), GOGOA Mobility Robots (Spain), P&S Mechanics (South Korea), suitX (United States), ATOUN (Japan), Daiya Industry Co. (Japan), Honda Motor (Japan) and Mitsubishi Heavy Industries (Japan). Analyst at AdvanceMarketAnalytics see United States & Japanese Players to retain maximum share of Global Exoskeleton market by 2025. Considering Market by Mobility, the sub-segment i.e. Stationary will boost the Exoskeleton market. Considering Market by Body Part, the sub-segment i.e. Lower Extremities will boost the Exoskeleton market. Considering Market by Component, the sub-segment i.e. Hardware will boost the Exoskeleton market.
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
Available Customization: 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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Research Methodology:The top-down and bottom-up approaches are used to estimate and validate the size of the Global Exoskeleton market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Exoskeleton market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Manufacturers of Exoskeleton, Original Equipment, Integrated device, & Original Design Producers, Importers & Exporters, Technology Investors, Research Institutes & Organizations, Regulatory & Government Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.