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The global exoskeleton market is expected to reach USD 3.3 billion by 2025, according to a new report published by Grand View Research. Key factors driving the market expansion include the increasing number of U.S. FDA products, growing demand for exoskeletons in rehabilitation, assisted walking, military applications, and industrial applications.

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Exoskeleton market insights industry growth and outlook to 2025 hexa reports

Hexa Reports

Market Research Reports and Insightful Company Profiles

Exoskeleton Market Analysis, Share and Size, Emerging

Trends, Growth, Overview And Segment Forecasts To 2025

The global exoskeleton market is expected to reach USD 3.3 billion by 2025, according to a new report

published by Grand View Research. Key factors driving the market expansion include the increasing

number of U.S. FDA products, growing demand for exoskeletons in rehabilitation, assisted walking,

military applications, and industrial applications.

The market is evolving rapidly due to the increasing adoption of exoskeleton technology in the

developed regions. The growing geriatric population coupled with increasing number of people suffering

with paraplegia, tetraplegia, and other spinal cord injuries are major factors boosting the usage rates of

exoskeletons.

Browse Detail Report With TOC @ http://www.hexareports.com/report/exoskeleton-market/details

The exoskeleton market has gained high momentum after the launch of products such as ReWalk bionic

suit, Ekso GT exoskeleton. Moreover, with the U.S. FDA approving the Parker Indego, commercialization

of exoskeleton devices is expected to increase significantly over the next few years.

In the U.S., the Defense Advanced Research Projects Agency (DARPA), National Aeronautics and Space

Administration (NASA), and National Institute of Health (NIH) have significantly contributed toward

technology development, research funding, and commercialization of these devices.

For instance, in 2014, Ekso Bionics received a P20 Exploratory Grant from the NIH to continue the

development of an exoskeleton prototype for children.


Exoskeleton market insights industry growth and outlook to 2025 hexa reports

Hexa Reports

Market Research Reports and Insightful Company Profiles

In October, 2015, Parker Hannifin Corporation announced that it had agreed to supply Indego

exoskeleton for a 4-year multicenter study for the Department of Defense, which was funded by the U.S.

Department of Defense and the Congressionally Directed Medical Research Programs.

In the EU, the Robo-Mate project, which comprises of 12 partners from 7 European nations, has

received a total funding of Euro 4.5 million by the 7th Framework Program for Research and

Technological Development of the European Union. Furthermore, classification of Cyberdyne HAL

exoskeleton as medical device in the EU and Japan has reinforced the growth prospects and improved

the reimbursement scenario.

Further key findings from the study suggest:

The data published by the International Federation of Robotics suggests that in 2014, nearly 272

exoskeletons were sold commercially, and this number is anticipated to grow rapidly over the next few

years.

In 2015, the healthcare segment accounted for the maximum revenue share of 54.1%. The use of

exoskeletons for rehabilitation and assisted living services is a key factor driving the segments growth.

However, the industrial segment is expected to emerge as the fastest growing with a high CAGR of

58.8%. Increasing age of workforce coupled with growing healthcare disorders are expected to boost the

use of automation and drive the sales of exoskeletons over the forecast period.

Medical Devices Market Research Related Reports:

Medical Digital Imaging Systems Market Analysis And Segment Forecasts to 2024 -

http://www.hexareports.com/report/medical-digital-imaging-systems-market/details

Medical X-ray Generator Market Analysis And Segment Forecasts to 2024 -

http://www.hexareports.com/report/medical-x-ray-generator-market/details

In 2015, North America was a clear leader with a revenue share of 49.8%. The research on exoskeletons

was primarily initiated with the USD 50 million funding received from DARPA, and subsequent grants

from NIH and NASA have contributed to the development of a strong ecosystem for the proliferation of

exoskeleton technology. Moreover, the U.S. Department of Veteran Affairs had issued a national

coverage policy for ReWalk robotic exoskeleton systems for eligible veterans with spinal cord injury. This

policy is expected to significantly benefit the veterans and propel the usage rates over the forecast

period

Asia Pacific is expected to emerge as the fastest growing region with a CAGR of 57.4% during the

forecast period. The growing geriatric population in Japan and China, increase in the spinal cord injuries,

and growing industrialization in this region are expected promote the utilization of exoskeletons for

healthcare and industrial applications.

The exoskeleton market is presently dominated by few key participants such as ReWalk, Ekso Bionics,

Cyberdyne, and Lockheed Martin. Some of the new players include Rex Bionics, Hocoma, Panasonic-


Exoskeleton market insights industry growth and outlook to 2025 hexa reports

Hexa Reports

Market Research Reports and Insightful Company Profiles

ActiveLink and Parker Hannifin Corporation. Introduction of low cost exoskeletons is expected to

increase the competition and is also expected to benefit several patients over the forecast period

Table Of Content

Chapter 1 Research Methodology

1.1 Information Procurement

Chapter 2 Executive Summary

Chapter 3 Exoskeleton Industry Outlook

3.1 Market Segmentation

3.2 Market Size and Growth Prospects, 2013 - 2025

3.3 Exoskeleton Market Dynamics

3.4 Key Opportunities Prioritized

3.5 Industry Analysis - Porter's

3.6 Exoskeleton PESTEL Analysis

3.7 Key Product/ Brand Outlook

3.8 Research Funding Outlook

3.9 Regulatory and Safety Outlook

3.10 Exoskeleton Technology Comparative Analysis

Chapter 4 Market Categorization 1: Technology (by Type) Estimates & Trend Analysis

4.1 Global Exoskeleton Market: Technology (by type) Movement Analysis

4.2 Mobile

4.3 Stationary

Chapter 5 Market Categorization 2: Technology (by Drive Type) Estimates & Trend Analysis

5.1 Technology (by Drive) Movement Analysis & Market Share, 2015 & 2025

5.2 Pneumatic Actuator

5.3 Hydraulic Actuator

5.4 Electric Servo

5.5 Electric Actuator

5.6 Fully Mechanical

5.7 Shape Memory Alloy Actuator

5.8 Fuel Cell

Chapter 6 Market Categorization 3: End-User Estimates & Trend Analysis

6.1 Global Exoskeleton Market: End-User Movement Analysis

6.2 End-Use Movement Analysis& Market Share, 2015 & 2025

6.3 Healthcare

6.4 Military

6.5 Industrial


Exoskeleton market insights industry growth and outlook to 2025 hexa reports

Hexa Reports

Market Research Reports and Insightful Company Profiles

Chapter 7 Market Categorization 4: Regional Estimates & Trend Analysis, by Product & Application

7.1 Regional Movement Analysis & Market Share, 2015 & 2025

7.2 North America

7.3 Europe

7.4 Asia Pacific

7.5 Latin America

7.6 MEA

Chapter 8 Competitive Landscape

8.1 Ekso Bionics

8.2 ActiveLink (Panasonic Corporation)

8.3 Cyberdyne, Inc.

8.4 ReWalk Robotics Ltd

8.5 Rex Bionics Plc.

8.6 Lockheed Martin Corporation

8.7 Suit X (U.S. Bionics, Inc.)

8.8 RB3D

8.9 Hocoma

Browse Full Report @ http://www.hexareports.com/report/exoskeleton-market/details

About Us:

Hexa Reports is a market research and consulting organization, offering industry reports, custom

research and consulting services to a host of key industries across the globe. We offer comprehensive

business intelligence in the form of industry reports which help our clients obtain clarity about their

business environment and enable them to undertake strategic growth initiatives.

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