Mobile Payments Market Share, Size and Industry Analysis 2025 : Ken Research

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The digital Payments Market has grown more significantly on surging trend in global scenario in the present years. In the present era, the population of the respective region has become so much advanced and active which need the things in the very short duration with less efforts and easily. Additionally, growing acceptance of the digital marketing by the young population and increasing acceptance of the cashless payment modes like debit and credit cards are some other factors which propel the market growth of the digital money transfer across the globe. Whereas, in India the Prime Minister Narendra Modi launched three Indian Mobile payment apps an year back at a business event here focused at internationalization of the country’s digital payment platforms. Furthermore, the players of this market are doing significant developments for offering better consumer services and delivering better consumer experience which further profitable for leading the fastest market growth and attaining the high value of Payments Market Research Report around the globe more positively throughout the forecasted period.

The digital Payments Industry offers several advantages such as it is time convertible process, it also holds expenses on the transactions, it decreases the risk of loss and theft as they are protected, it is appropriate to utilize, and it also offer advantage of simpler international payment.Moreover, in India, the merchant payments were experienced to be the central aspect of all the payment service for the large enterprises as well as MSMEs, which are perfectly becoming integrated with PoS and mPoS terminal devices. The outpouring in growth of the electronic payments across the globe, along with increasing E-commerce and M-commerce transactions are further anticipated to deliver a boom to the several entities involving the payment gateway services suppliers and payment aggregators that simplify the online payments in the respective country.

Additionally, the foremost driving factors of global Digital Money Transfer market are growing implementation due to convenience and increase in the e-commerce industry. However, the main advantages of digital money transfer is that it often works 24/7 hours, so it has the extemporaneous user interface. Therefore, in the near future, it is anticipated that the market of digital money transfer will increase across the world more enormously over the recent few years.

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Payments Market Research

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Increase in Preference for Minimally Invasive Surgery (MIS), Followed by Increase in Demand for Procedures, and Increase in Number for Gynecological Disorders to Drive the Gynecological Surgery Robots Market over the Forecast Period: Ken Research

Robotic surgery is now preferred by majority of the gynecologist for the surgical treatment of patients with gynecologic malignancies including endometrial, prolapsed or falling of pelvic organs, ovarian cysts & masses, uterine fibroids, cervical, and ovarian cancer with partial metastatic disease. Gynecologic surgery removes the cancerous cells with a high level of care, leading to a better degree of surgical accuracy with a lower possibility of risk and complications compared to conventional procedures. Some of the other procedures include pelvic & aortic lymphadenectomy, pelvic recurrences, radical trachelectomy, radical hysterectomy, resection of diaphragm & liver metastases and isolated recurrences of ovarian cancer.

The major advantages associated are smaller incisions, faster recovery, fewer post-operative complications, decreased risk of infection, early return to normal activities, less pain and shorter hospital stay.

According to study, “Global Gynecological Surgery Robots Market 2016-2025: Market Size, Share, Forecast and Strategy” some of the major companies that are currently working in the global gynecological surgery robots market are AVRA Surgical Robotics, Inc., Medrobotics Corporation, CAE Healthcare, NovaTract Surgical, Inc., Intuitive Surgical, Omni Guide, Inc., Medtronic Inc., Titan Medical, Simbionix USA Corp., TransEnterix, Inc.       

Based on components, global gynecological surgery robotic market is segmented into a console, camera, robotic cart and wristed instruments. In console, the surgeon makes an analysis or view from the screen, manages the instruments & camera by finger graspers & foot pedals. Camera allows for a three dimensional or 3D image of the pelvis with image synchronizers & illuminators. Robotic cart includes three or four interactive arms that hold apparatuses through trocars attached to the patient.

Based on disease type, the market is segmented into endometrial cancer, ovarian cancer and cervical cancer. Based on technology market is segmented into pelvic organ prolapsed repair, hysterectomy, myomectomy (removal of fibroids), endometriosis, adnexal surgery, pediatric gynecology, tubal anastomosis, tubal re-anastomosis, sacrocolpopexy (treatment for pelvic organ prolapsed) & hysteropexy, interval cervical suture placement, robotic assisted laparoscopic (removal of fibroids), and gynecologic oncology. Hysterectomy is further sub-segmented into radical hysterectomy and simple hysterectomy. Radical hysterectomy removes uterosacral ligaments, parametria (bands of connective tissue in the pelvis), and upper vagina. Simple hysterectomy involves removal of the uterus & cervix. Based on end-user, market is segmented into hospitals & clinics, physicians’ offices, ambulatory surgical centers (ASCs) and others.

The International Federation of Gynecology & Obstetrics (FIGO) brings together professional or trained societies of gynecologists from the global locations. It aims to promotes the safety of women and raise standard of practice in gynecology.

The global gynecological surgery robots is driven by increase in preference for minimally invasive surgery (MIS), followed by increase in demand for procedures, increase in number for gynecological disorders, enhance precision and need of eliminating any revisions with high adoption of robotic-assisted techniques. Some of the other factors supporting the adoption of MIS across the world are reduced hospital stay, recovery time, and postoperative pain. In addition, one prime factor lead to the rise in demand includes patient satisfaction that supports the manufacturers to extend more advanced robotic equipment.

It is also expected that the global gynecological surgery robot market to reach at US $2.9 billion, by 2025.

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Global Gynecological Surgery Robots Market

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The Increasing Handicap Assistive Robots, followed by the Accelerating Adoption of MPC Prosthetics, Coupled with Growing Geriatric Population to Drive Rehabilitation Robotics Market over the Forecast Period: Ken Research

Rehabilitation Robotics is a system of examine dedicated to understanding & augmenting analysis via use of robotic devices. Use of such kind of robots providing expansion in the use advanced devices tailored for assisting the various sensor motor functions (e.g. hand, arm, leg, and ankle), assessment of sensorimotor performance (ability to move) of patient and development of different schemes of assisting therapeutic training. Rehabilitation of such robots frequently by patient set’s up to aprecious adjunct to therapy in persons, which suffers from motor impairments, mainly due to stroke. The robotics also approve patients suffering from numerous types of illness, injury, or disease, including amputations, cancer, arthritis, orthopedic injuries, cardiac disease, neurological problems, spinal cord injuries, stroke, and traumatic brain injuries. Patients with rigorous paresis can be given with reflexive movement of the upper limb, via robotic rehabilitation. For patients with some movement power, robots supported by the weight of limb in contrast to a gravity, due to the physical interaction between subject and the robot.

According to study, “Global Rehabilitation Robotics Market 2016-2025 by Product Type (Exoskeletons, MPC Prosthetics, Assistive Robots), Application (Stroke, Orthopedics, Others), Body, Mobility and Region” some of the other major companies operating in the global rehabilitation robotics market are AlterG, Inc., BionX Medical Technologies, Inc., Assistive Innovations Corp., Chas. A. Blatchford & Sons Ltd. (Endolite), Bionik Laboratories Corp. (Interactive Motion Technologies), Chatanoonga, Ekso Bionics, Cyberdyne, Inc., Freedom Innovations, LLC, Focal Meditech, Instead Technologies Ltd., MRISAR, Hocoma AG, Kinova Robotics, Patterson, Invacare Corporation, Otto Bock HealthCare GmbH, Myomo Inc., InMotion Robotics, Parker Hannifin Corporation, Ossur, ReWalk Robotics Ltd.,Honda Motor, Motorika, Teh Lin Prosthetic & Orthopaedic Inc., Tyromotion, Aretech, Rehab-Robotics Company Limited, SF Robot, SynTouch LLC, Rex Bionics Plc., U.S. Bionics, Inc. (suitX), Touch Bionics Inc.

Based on product type, global rehabilitation robotics market is categorized into microprocessor-controlled prosthetics (MPC) prosthetics, therapeutic robots, healthcare exoskeletons, assistive robots and others. Based on robot mobility, market is segmented into fixed-base rehabilitation robots and mobile rehabilitation robots. Based on body function, market is segmented into lower extremity rehabilitation robots.In addition, based on application, market is segmented into orthopedics, military strength training, neuro-rehabilitation, stroke and others. Furthermore, based on end-user, market is segmented into hospitals, rehabilitation centers and medical clinics.

The global rehabilitation robotics is primarily driven by the increasing handicap assistive robots, followed by accelerating adoption of MPC prosthetics, growing geriatric population, increasing disability & amputation caused by orthopedic disorder & stroke, rising healthcare exoskeleton systems and some of the other major diseases or accidents across the globe. In addition, the high cost of rehabilitation robotic devices and stringent government regulations adding to the main factors restraining development of the market, particularly in low & medium-income countries. Moreover, increase in research & development (R & D) activities and insurance coverage for exoskeletons are expected to show some of the new trends of the market.

Globally, North America holds the foremost share in terms of the market revenue in terms of value which is primarily due to increase in technological innovations. It is expected that the global rehabilitation robotics market to grow significantly owing to the growing prevalence of conditions such as rheumatoid arthritis, cerebral palsy, dementia, spinal cord injury, and other age-related disabilities.

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Global Rehabilitation Robotics Market

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Egypt Facility Management Market is driven by Growth in the Services Sector and Number of Infrastructure Projects Owing to the Country’s Urbanization Plan: Ken Research

“High unemployment rate and increasing FDI and in the country has driven the growth of facility management market in Egypt”.

Urbanization has led to an Increase in the Demand for Facility Management Services: The urbanization strategy by the Government of Egypt has led to the construction of several new cities in the country. Increasing infrastructural development, including both residential and commercial building, has triggered the demand for facility management services in the country.

Lack of awareness and unskilled manpower in Egypt: The labour intensive facility management industry requires huge capital investment in training the unskilled labour before assigning duties to them. Moreover, failure of the clients to recognize the potential contribution of facility management services to increase business profitability and productivity can hamper the growth of the Facility Management industry in Egypt. These are some major challenges faced by facility management service providers in Egypt.

Growing Government Concern for Terrorism and Crime: Increasing crime in the country has forced the government to adopt stringent policies. Government is appointing agencies and security service providers to ensure law and order in the country. This in turn has augmented the demand for facility management services in the country leading to the growth of sector man guarding services in the country.

The report Titled “Egypt Facility Management Market Outlook to 2023- By Soft Services (Housekeeping, Security, Landscaping and Others); Hard Services (Electromechanical and Operational Maintenance, Fire Safety and Security Systems and Civil Maintenance) and By End User Sectors (Industrial, Commercial, Residential and Others)Egypt Facility Management Market Outlook to 2023- By Soft Services and Hard Services, By Type of Soft and Hard Services, By Integrated Facility Services, Bundled Services and Single Services, By In-house Personnel and Outsourced Personnel and By End User Sectors (Industrial, Commercial, Residential  and Others)” by Ken Research suggested that the Facility Management market in Egypt is at its early growth stage and has been growing from 2013 due to rising number of Infrastructure Projects in the country. The market is forecasted to grow with a positive CAGR of 9.6% in terms of revenue during the forecasted period 2018-2023E.

Key Segments Covered

By Type of Services

Soft Service

Hard Service

By Type of Soft Service

Housekeeping (including cleaning)

Security

Landscaping

Others

By Type of Hard Service

Electromechanical and Operational Maintenance (including HVAC)

Fire Safety and Security Systems

Civil Maintenance

By Integrated Facility Services, Bundled Services and Single Services

Single Service

Bundled Service

Integrated Facility Management

By Personnel Type

In-house Personnel

Outsourced Personnel

By End User

Industrial

Commercial

Residential

Others

Key Target Audience

Facility Management Companies

Facility Management Solution Providers

Consultancy and Advisory Firms

Real Estate Developers

Construction Companies

Hospitals and Schools

Time Period Captured in the Report:

Historical Period: 2013-2018

Forecast Period: 2019-2023E

Companies Covered:

Contrack FM

Enova

EFS Facilities Management

IFMC - Apleona Group

Egypro-FME

CBRE

JLL

Qeema FM

G4S

Savills

ProService

Encorp Facility Management

Emdad Facility Management

Egypt Service

Key Topics Covered in the Report

Facility Management Businesses Egypt

Facility Management Services Cairo

Facility Management Services in Cairo

Egypt Infrastructural Projects

Egypt Commercial Projects

Security Services Egypt

Security Services Cairo

Housekeeping Services Egypt

Cleaning Services Egypt

Cleaning Services Cairo

JLL FM Services

CBRE FM Services

For more information, refer to below link:

Egypt Facility Management Market Outlook to 2023

Related Reports

Australia Facility Management Market Outlook to 2023 - by Single, Bundled and Integrated Services, by Soft (Cleaning, Security and Other Services) and Hard Services (Electromechanical, Operations and Maintenance, Fire and Safety), by End User Sectors

Indonesia Facility Management Market Outlook to 2023 - by Single, Bundled and Integrated Services; by Soft Services (Housekeeping, Security, Landscaping and Others) and Hard Services (Electromechanical Services, Operations and Maintenance Services, Fire Safety and Security Systems), by End User Sectors (Industrial, Commercial, Residential, Infrastructure and Others)

Global Integrated Facility Management (IFM) Market Status and Future Forecast 2015-2024

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Garments Market To Witness Greatest Changes In The Sourcing Strategies : Ken Research

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The market for garments is facing rapid changes. Many retail brick and mortar stores are getting closed up or downsized but the demand is ever multiplying due to the online market space. This trend is expected in the market to continue and is expected to be fuelled by the growth of e-commerce, mobile users and personalisation of apparels. The global market for garments is expected to witness technological upgradation. Textile machinery hubs like Germany, India, Italy, China are already innovating in the market and these machines are capable of producing high – quality clothing. The major factors influencing the growth in the market include rise of environmentally friendly fibres, rising demand from the developing countries and rising demand for non – woven textile products.

Ken Research’s Global Garments Market (2018-2023) gives a detailed analysis on the global market for garments. The report provides details about the major challenges impacting the market growth. The report contains an in-depth analysis of the vendor's profile, which includes financial health, business units, key business priorities, SWOT, strategies, and views. The prominent vendors covered in the report include Gap Inc, H&M, Inditex,Kering, L Brands, LVMH, Nike, Adidas, Calvin Klein and Burton. The report will help the investors make strategic decisions.

Online platforms like Amazon and other big regional players are likely to expect rises in their revenues from the apparel section. Though many consumers use these platforms for comparison of prices, quality, reviews and offers, the platforms are looking to integrate various other fashion partners and influencers and try other engaging methods to boost sales.Research also show about the trends of sourcing to be diverse from multiple countries and regions that provides variability in costs, speed and flexibility. But many companies are discovering new sourcing destinations to reduce the number of vendors they are collaborating and working with due to social and environmental compliance costs. Another trend in the market is the onshoring and offshoring that is becoming much more visible than it used to be.

Region – wise, China lead the world’s production and exports in both raw textiles and garments market. This is followed by India and the US. North America is the leading producer and exporter of raw cotton. Apart from these, there are many developing countries moving up the ladder like Pakistan, Sri Lanka and other South American countries. The dynamics of China which is moving towards a service – based economy, will move the market for garments as well towards the developing markets.

For more information on the research report, refer to below link:

Global Garments Market Research Report

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The Need of Automation Coupled with Precise Control and Artificial Intelligence to Drive the Assistive Robots Demand Globally: Ken Research

A handicap assistive robot is a device or tool that can process sensory information, sense, perform actions that help people with disabilities & older adults in the way of their daily living such as bathing & showering, food preparation & eating, taking medications, shopping, dressing, personal cleanliness & grooming, housework, communicating, child rearing, working, playing, engaging in religious observances, managing money, vacationing, exercising, relaxing, reading, socializing, mobility and education etc.

According to study, “Global Handicap Assistive Robots Market by Product Type, Body, Mobility and Region 2016-2025” some of the major companies that are currently operating in the global handicap assistive robots market are Assistive Innovations Corp., Cyberdyne, Inc., Bioness Inc., Honda Motor Co., Ltd., Instead Technologies, Ekso Bionics, Instead Technologies Ltd., Focal Meditech, Smart Rehab, Kinestica, InTouch Health, Panasonic Corporation (Activelink), Aethon Ltd., Reha Stim, Medirobotics, Invacare Corporation, Kinetic Muscles, Intuitive Surgical, Syn Touch, Rehab-Robotics Company Limited, MediTouch, TopChair SAS, Gecko Systems, YouRehab, Touch Bionics, Honda, Kinova Robotics, Rehab Robotics, ReWalk Robotics Ltd. All these vendors of the market provide their products both through lease and purchase. The leasing option is gaining distinction across end-users, primarily due to the cost factor & the possibility of replacing the product in the wake of new manufactured goods introduction in the market.

Based on type, assistive robot market is segmented into early handicap assistive robots, Desktop Vocational Assistant Robot (DeVAR) & professional Vocational Assistant Robot (ProVAR) and VA / Stanford MoVar assistive robot etc. Based on product type, market is segmented into assistive robotic devices, robotic wheelchairs and mobility aid exoskeletons. Based on robot mobility, market can be segmented into mobile robot mobility and fixed base robot’s mobility. Mobile robots are further defined as wheelchair and autonomous. Fixed base robots are defined as bedside (medicine, food & health) and workstation. Based on function, market is segmented into upper extremity robots and lower extremity robots.

Some of the major projects associated are VAHM (Vehicule Autonome pour Handicape Moteur) is a project of French acronym for autonomous vehicle for people with motor disabilities. This project is proposed an autonomous wheelchair to help the disabled people who are unpractical to drive a usual powered wheelchair. Additionally, the Sensor Aided Intelligent Wheelchair Navigation System or SENARIO project adding to an intelligent or smart wheelchair navigation system that provides semi-autonomous control modes and fully autonomous control modes. In semi-autonomous control mode, the user’s command can override by creating from the self-directed control mode, and the users can drive the wheelchair with a specified path in a particular environment. In addition, the fully autonomous control mode adds to the ability of tolerating the user’s command.

During 2017-2025, global use of handicap assistive robots is expected to reach an increasing market value of US $3.4 billion. It predicts the global market to develop rapidly driven by a fast adoption of all types of robots for instance mobility-aid exoskeleton systems, robotic wheelchairs, and other robotic assistance devices across the globe. Over the years, rehab patients and disabled people have seen aggressive advancement solutions to facilitate the daily lives and mobility.

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Global Handicap Assistive Robots Market

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Growing Market Potential Of The Global Digital Asset Management Software Market Outlook: Ken Research

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The Digital asset management software refers to the software which demeanor the procedure of consolidating the stored data by maintaining its digital rights and authorizations. Digital asset management software has several advantages such as remove the price of lost or misplaced work, quicken the production cycle, decrease the time to bring new marketing campaigns to market, abolish the workflow redundancies, develop the collaboration and admittance to critical assets, manage the brand steadiness, regulator over all data and enhance the marketing intelligence and measurement of the return on marketing investments (ROMI). Additionally, the players of this market are eliminating the factor which restrict the market growth and decrease the demand of such while performing their task more enormously and actively.

According to the report analysis, Global Digital Asset Management Software Market Size study, by Type (Brand Asset Management Systems, Library Asset Management Systems, Production Asset Management Systems, On-premises DAMs Software, DAMS Software-as-a-Service), by Application (Media Industry, Publishing Industry, Others) and Regional Forecasts 2018-2025 states that there are several key players which are presently functioning in this sector more actively for leading the fastest market growth and acquiring the handsome amount of market share around the globe during the forecasted period while spreading the awareness related to this and investing the high amount of money for increasing the efficiency of the outcome of this software includesAdam Software Nv, Adobe Systems Incorporated, Canto Inc., CELUM GmbH, Cognizant Technology Solutions Corporation, EMC Corporation, Extensis, Hewlett-Packard Enterprise, MediaBeacon Inc., North Plains Systems Corp., Nuxeo, OpenText Corp, Oracle Corporation, QBNK Company AB and several others. Moreover, many of the focused players of this market are analyzing the changing behavior of the consumers and knowing the upcoming market growth opportunities for generating the high amount of revenue and leading the fastest market growth in the short span of time.

Global Digital Asset Management Software Market valued around USD 1.8 billion in 2017 is expected to increase with a healthy growth rate of more than 18.0% over the forecast period of 2018-2025. Whereas, based on the region analysis, the market of digital asset management software is spread around the globe which mainly involves Asia Pacific, North America, Europe, Latin America and Rest of the World. The Asia-Pacific region is anticipated to lead the higher growth rate / CAGR over the forecast period of 2018-2025 due to the significant increase in the demand for the enterprise content management, especially in underdeveloped economies such as India, China and Japan. These countries having augmented the requirement for efficient data management and digitalization thus booming up the growth of market.North America is also the leading/significant region around the world in terms of market share due to the effective growth in adoption of cloud-based storage of data and existence of the large number foremost market player. 

Additionally, the extreme driving aspects of the global Digital Asset Management Software market are growing proliferation of digital content, decrease of the operational cost and fueling investments in digital marketing. Therefore, in the near years, it is anticipated that the market of digital asset management software will increase around the globe more enormously over the decades.

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Digital Asset Management Software Market

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Increase of Prevalence of Diabetes & Vascular Diseases, Coupled with Increase in Investment by Private and Public Players to Drive Global Robotic Prosthesis Market Over the Forecast Period: Ken Research

Robotics prosthetic is an artificial extremity that augments the function and lifestyle of the person with a missing body element. It helps to restore the ordinary function of the missing part of the individual body through the interaction between robots and human. The Artificial limbs can be managed by computer, sensation and brain with the use of advanced technology. Many of robotic prosthesis are made of waterproof with a lightweight material for instance carbon-fiber, plastic and metal alloys.

According to study, “Global Robotic Prosthesis Market 2016-2025 by Product Type, Region and Country” some of the major companies that are currently working in the global robotic prosthesis market are Artificial Limbs & Appliances, Chas. A. Blatchford & Sons Ltd. (Endolite), BionX Medical Technologies, Inc., Bebionic, Hosmer/Fillauer, Endolite, Shadow Robot Company, Freedom Innovations, LLC, Otto Bock HealthCare GmbH, HDT Global, Inc., Stryker Corporation, Aethon, Open Bionics, Smith and Nephew Inc., ReWalk Robotics, Mazor Robotics Ltd., Medrobotics Corporation, Intuitive Surgical, Inc., KUKA Roboter GmbH, Transenterix, Inc., Hansen Medical, Inc., Dr. Fresh LLC, ZOLL Medical Corporation, RSL Steeper, Nabtesco Corporation, Teh Lin Prosthetic & Orthopaedic Inc., Ossur Americas, Touch Bionics Inc., SynTouch LLC.

Based on product type, global robotic prosthesis market is segmented into Microprocessor Controlled (MPC) Prosthetic Arms, MPC Prosthetic Legs/Knees, MPC Prosthetic Feet/Ankles, MPC Prosthetic Hands and other MPC Prosthetics. Based on technology, market is segmented into Myoelectric Technology, prosthetic foot materials, microprocessor knees and Bluetooth technology. Based on technologically the advanced products market is segmented into PROPRIO FOOT, RHEO KNEE, SYMBIONIC LEG 3, and POWER KNEE. Based on extremity, is segmented into upper body prosthesis and lower body prosthesis. In addition, based on end-users, market is segmented into clinics, hospitals and others.

The global robotic prosthesis is driven by increase of prevalence of diabetes & vascular diseases, increase in investment by private and public players to technologically advance prosthetic products, increase in the number of amputation cases and growing (research & development) R&D activities. In addition, key initiatives are also accepted by the government & nonprofit organizations for instance CDC, Limbless Association, Douglas Bader Foundation, and Amputee Coalition offers assistance to amputee growing area of interest from the private vendors to invest in the market. Moreover, the other restraints include high cost of medical robotics with a poor reimbursement policies. Further rise in the advancements for materials science adds to the major opportunity from the market.

It is expected that the global unit sales to reach 123.9 thousand units owning to an accelerating implementation of Microprocessor Controlled Legs (MPLs), Microprocessor Controlled Arms (MPAs), Microprocessor Controlled Hands (MPHs), Microprocessor Controlled Knees (MPKs), and Microprocessor Controlled Feet (MPF) among others.

North American region is projected to dominate the market during the projected period due to favorable government initiatives for the robotic technology and increase in healthcare expenditure. However, Asia Pacific is expected to emerge as fastest developing region due to rapidly increasing aged population, improved healthcare infrastructure with rising economies. It also estimated that the global robotic prosthetics market to reach US $1.7 billion, by 2025. In future, increase in amputee population owing to various factors, such as frostbite, accidents, diabetes, & vascular disease, is expected to be one of the key factors likely to drive the market.

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Global Robotic Prosthesis Market

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High-Density Storage Systems, Evolution of Batteries, Increase in Orthopedic Disorders and Lightweight Structural Materials Use to Drive the Powered Exoskeletons Market Globally over the Forecast Period: Ken Research

Powered exoskeleton is a wearable mobile device which is powered by a system of hydraulics, pneumatics, electric motors, levers, or a combination of technologies which permit limb movement with improved strength & endurance. It is also known as powered armor, exoframe, power armor, powered suit, hardsuit or exosuit. It may include sensors which sense gait initiation & transition. These exoskeletons promise to enhance quality of life people with lower body paralysis or weaken legs by restoring legged mobility. The exoskeletons are further hard to make & even harder to cure. It is primarily used for spinal cord injury (SCI). It acts as a pure science invention to the customer at any time soon. Moreover, the use of exoskeletons expensive to buy, expensive to build, and are further unreliable in long term application.

Some of the limitations and design issues are actuators, power supply, joint flexibility, skeleton, power control & modulation, pinching & joint fouling, detection of unsafe or invalid motions, and adaptation based on varied user sizes.

According to study, “Global Powered Exoskeletons Market 2016-2023 by Application, Body, Motor and Region” some of the major companies that are currently working in the global powered exoskeletons market are AlterG, Inc., Wearable power-assist locomotor exoskeleton (WPAL, Fujita Health University), Daewoo Shipbuilding & Marine Engineering Co., Ltd, Bionik Laboratories Corp., Honda Motor Co., Ltd., Cyberdyne, Inc., Lockheed Martin Corporation, European Space Agency, Walk Trainer (SWORTEC), M.I.T. Media Lab's Biomechatronics Group, Ekso Bionics eLEGS, ExoLite Exoskeleton, Ghent University, Panasonic Corporation (Activelink), Hocoma, Parker Hannifin Corporation, Myomo, RB3D, Rex Bionics Plc., Kinesis Inc., U.S. Bionics, Inc. (suitX), ReWalk Robotics Ltd., Sarcos or Raytheon Corporation.

The progresses to the technology in biomedical, mechanical, and electronic engineering & artificial intelligence powered exoskeleton technology registered a fast development. The main applications of these exoskeletons are in medical, military, industrial and civilian industries.

The Centers for Disease Control & Prevention (CDC) and the University of Alabama National Spinal Cord Injury Statistical Center determining the costs of living with SCI that can be considerable, and vary significantly owing to the severity, loss of income and age of the injury. SCI has a considerable impact on a person’s quality of life (QOL) & health status. Decreased mobility related to high blood pressure, social stigma, shorter life expectancy, and increased rates of depression.

The global powered exoskeletons demand is primarily driven by the high-density storage systems, evolution of batteries, increasing orthopedic disorders and lightweight structural materials use. In addition, high price and weight of exoskeletons adding to the major restraining of the market. Moreover, ability to control or modulate unwanted movements, flexibility, and detection of unsafe motions adding to the things which require attention in order to achieve acceptability.

Throughout 2017-2023, global demand of powered exoskeletons is expected to reach with the market value of over US $2.6 billion which includes rent, sales, royalty payment, lease and other sources. It is also estimated that the overall shipment from direct sales of powered exoskeletons to reach 28,820 units due to an exponential growth in demand.

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Global Powered Exoskeletons Market

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