According to IMARC Group’s latest report, titled “Exoskeleton Market: Global Industry Size, Share, Trends, Growth, Opportunity and Forecast 2021-2026”, the global exoskeleton market exhibited robust growth during 2015-2020. Looking forward, IMARC Group expects the market to grow at a CAGR of around 43% during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
An exoskeleton system refers to a wearable man-machine mechanism that provides mechanical strength to the user by amalgamating human intelligence and machine power. It comprises a wearable powered suit that enhances user safety and efficiency to perform particular tasks. It also employs algorithms that adjust and adapt to human body motions, along with various sensors and electrical connections that control the components. Exo-suits help lift heavy materials, reducing the user’s back muscles and spine stress. They also assist the elderly to walk and prevent fall-related injuries. As a result, these systems are extensively used across various healthcare, military, and industrial sectors.
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The growing demand for exoskeletons in rehabilitation centers across the globe is driving the exoskeleton market growth. Furthermore, the increasing adoption of motor-equipped robots to aid human body mechanics also contributes to the growth of the market. Moreover, the rising prevalence of heart strokes, spinal cord injuries, and paralysis propel the demand for these systems in the healthcare industry. Additionally, the increasing adoption of custom-fitted exoskeletons across military and industrial sectors also foster the global market growth. They support multiple joints and identify human movements to provide appropriate responses of the exoskeleton actuators, further inducing the product demand in the industrial sectors.
Exoskeleton Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the exoskeleton market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Bionik Laboratories
- Gogoa Mobility Solutions
- Fourier Intelligence
- Honda Motor
- Daiya Industry Company
- Mitsubishi Heavy Industries
- Rex Bionics
- Gobio Robot
- Parker Hannifin
- P&S Mechanics
Key Market Segmentation:
The report has segmented the global exoskeleton market on the basis of component, type, mobility, body part, end use sector and region.
- Market Breakup by Component:
- Power Sources
- Control Systems
- Other Components
- Market Breakup by Type:
- Market Breakup by Mobility:
- Market Breakup by Body Part:
- Lower Body
- Upper Body
- Full Body
- Market Breakup by End Use Sector:
- Market Breakup by Region:
- North America
- Asia Pacific
- Middle East and Africa
- Latin America
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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