The newly added Smart Exoskeleton market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast. Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the smart exoskeleton market include ATOUN Inc., BIONIK, CYBERDYNE, INC., Ekso Bionics, Honda Motor Co., Ltd., ReWalk Robotics, Rex Bionics Ltd., Sarcos Corp., Technaid. S.L., U.S. Bionics, Inc.. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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Market Dynamics
The smart exoskeleton has gained robust popularity in recent years. The technology is an effective rehabilitation approach. Technology advancement, high adaptability to the technology, new product launches, and growing awareness are anticipated to increase demand for the smart exoskeleton. The rising aging population and growing burden of musculoskeletal injuries and neurological disorders are putting a significant burden on people's healthy lifestyles. As per the U.S. Census Bureau, the global geriatric population is projected to increase to 1,402.4 million by 2030. Smart exoskeleton technology is unlocking opportunities in military applications. The military field is showing high interest in adopting this technology for defense tasks. This is because a smart exoskeleton will offer load efficiency, facilitate better performance while reducing soldier exertion. Key players are investing in technology to bring their commercial significance. On the flip side, facts such as high equipment costs and stringent government regulations for smart exoskeletons would hamper the market growth in the upcoming years.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of smart exoskeleton . The growth and trends of smart exoskeleton industry provide a holistic approach to this study.
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Market Segmentation
This section of the Smart Exoskeleton market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Soft Exoskeleton
- Rigid Exoskeleton
By Application
- Industrial
- Healthcare
- Military
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the smart exoskeleton market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
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The global Smart Exoskeleton Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2020-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Smart Exoskeleton Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/smart-exoskeleton-market/download-sampleMarket DynamicsThe smart exoskeleton has gained robust popularity in recent years.
Technology advancement, high adaptability to the technology, new product launches, and growing awareness are anticipated to increase demand for the smart exoskeleton.
The rising aging population and growing burden of musculoskeletal injuries and neurological disorders are putting a significant burden on people's healthy lifestyles.
Key players are investing in technology to bring their commercial significance.
Smart Exoskeleton Market: IntroductionAccording to the report, the global smart exoskeleton market was valued at ~US$ 200 Mn in 2020.
It is projected to expand at a CAGR of 32.7% from 2021 to 2031.
Favorable reimbursement policies and increase in applications of smart exoskeleton in various industries are anticipated to drive the global smart exoskeleton market from 2021 to 2031.
Moreover, increase in disposable income and purchasing power of consumers, rise in inclination toward the use of high-end technology in medical practice, large population base, and surge in incidence of chronic and lifestyle diseases are anticipated to propel the market in the region during the forecast period.Surge in Adoption of Technologically Advanced Smart Exoskeleton Products to Propel MarketA number of people with mobility disorders due to various diseases is increasing rapidly across the globe.
Advantages of smart exoskeleton include increasing efficiency, productivity, decrease in worker injuries, and decline in healthcare and disability costs.
The company has received approval from the U.S. Food and Drug Administration to market its Ekso GT robotic exoskeleton.
The global smart exoskeleton market size was USD 3,345.3 million in 2018 and can reach USD 5,290.1 Million by 2024, reveals Market Research Future (MRFR).
The market is on its way to attaining a healthy CAGR of 8.2% during the forecast period (2019-2024).Top Drivers and Primary Challenges The smart exoskeleton market has significantly developed over the years and can register tremendous growth during the forecast period.
Smart exoskeleton can be described as an equipped wearable suit that helps improve client wellbeing, and at the same time, accelerating the general speaking human productivity for separate undertakings.
The smart exoskeleton makes use of brilliant calculations, which change as per the human body movements, which helps accomplish ideal execution.Get Free Sample Copy Report @ https://www.marketresearchfuture.com/sample_request/7979Increment of use of smart exoskeletons for restoration of individuals that suffer from physical inabilities as well as neurological issues could help the worldwide smart exoskeleton market advance in the near future.
Increasing speculations for creating lightweight, vitality productive, and imaginative exoskeletons all over the world are expected to offer worthwhile opportunities for market progression in the years to come.Other important growth-inducing factors in the market include growing insurance coverage for medical exoskeletons coupled with the introduction of soft actuators.
Strong demand for self-assisting exoskeletons, especially in countries like Japan, South Korea, and China can work in favor of the smart exoskeletons market.Top Players ReWalk Robotics (US), Parker Hannifin Corp. (US), Lockheed Martin Corporation (US), Ekso Bionics Holdings, Inc. (US), DIH Technologies Corporation (China), Rex Bionics Ltd. (UK), Hyundai Motor Company (South Korea), RB3D (France), Gogoa.eu (Spain), ATOUN Inc. (Japan), Honda Motor Co., Ltd (Japan), BIONIK (Canada), CYBERDYNE Inc. (Japan), US Bionics (US), Ottobock (Germany), are the top players in the worldwide smart exoskeleton market.Market Segmentation The worldwide Smart Exoskeleton Market segments specified in the MRFR report include type, component, application and vertical.With regard to the type, the global smart exoskeleton market is considered for soft exoskeletons, rigid exoskeletons, and ultra-soft exoskeletons.Component-based segments in the global smart exoskeleton market are software and hardware.
