Exoskeleton referrs to wearable devices or
apparatus intended to work along (in tandem) with the user. These are placed on
the human body & help in increasing or restoration of human performance.
These can also be equipped with actuators and sensors.
According to study, “Global
Healthcare Exoskeletons Market 2016-2023: Structure Analysis, Trend Outlook and
Business Strategy” some of the major companies that are currently
working in the global healthcare exoskeletons market are AlterG, Inc.,
Cyberdyne, Inc., Bionik Laboratories Corp., Motorika Medical, Kinetik
Innovation, Innophys, 20KTS, Daiya, Free Bionics, B-Temia Inc., P & S
Mechanics, Eksoatlet, Axosuits, Meditouch, Honda Motor Co., Ltd., Japet, Ekso
Bionics, Gogoa, Panasonic Corporation (Activelink), MedEXO Robotics, Marsi
Bionics, Focal Meditech, RotBot Systems, DSME, Kinetek, Laevo, Bioservo,
GoXtudio, Interactive Motion Technologies, Rex Bionics, Bionic Power, Hocoma,
Parker Hannifin Corporation, Myomo Inc., Exhauss, Rex Bionics Plc., Comau,
ReWalk Robotics Ltd., U.S. Bionics, Inc. (suitX).
On the basis of type global healthcare
exoskeleton market is segmented into passive exoskeleton and powered
exoskeleton. Based on extremities, market can be segmented into upper extremity
and lower extremity. Based on technology wearable exoskeleton, market is
segmented into NASA’s X1 robotic exoskeleton, human prosthetic enhancement,
Titan Arm, HAL 5 hybrid assisted limb and MindWalker. The wearable robots use
depend on speed & the strength in the person which monitors them.
Additionally, soft exosuits form wearable robots used in strengthening soft
areas for instance ankles & hips.
The global healthcare exoskeleton is primarily
driven by growing sensor technology, the growing elderly population worldwide,
growing research & development (R&D) investments made in the robotics
industry, increasing the prevalence of musculoskeletal disorders, technological
advancements and the growing adoption of wearable devices. The growing trend of
human augmentation is a big opportunity for the market. In addition, full body
exoskeletons lack movability in their shoulder & back parts, resulting in
limited applicability like nursing care.
In 2017, the global healthcare exoskeleton
market was valued at around US $118 million. It is estimated that the market
will be grown rapid due to an increasing number of physically disabled people.
North America surfaced as the prime market for this exoskeleton market with
more than 40% share of the entire global market. The U.S. was foremost the region
with the maximum growth rate, owing to the presence of advanced healthcare
facilities & the boost in the number of people with physical disabilities.
Additionally, the increase in the demand for healthcare exoskeleton in
rehabilitation centers and the presence of key market players are other factors
accelerating the enlargement of the market in this region. In addition, Europe
is likely to be the second biggest market throughout the forecast time due to
presence of advanced rehabilitation centers and favorable reimbursement
policies. Moreover, The Asia Pacific region is anticipated to witness the
growth in the near future with emerging economies, such as India and China, are
expected to dominate the region. The growth in this region is down to the increasing
number of geriatric & disabled population.
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