Dublin, Sept. 27, 2017 (GLOBE NEWSWIRE) -- The "Global Wearable Robotic Exoskeleton Market - Analysis and Forecast (2017-2026) Focus on Type, End User (Healthcare, Industrial, Defense and Commercial) and Application (Rehabilitation, Assistive, Body Parts Support and Sports)" report has been added to Research and Markets' offering.
The wearable robotic exoskeleton market generated $96.0 million in the year 2016.
Rapid advancements in robotics technologies in the recent years has led to the emergence and growth of robotic exoskeletons, a distinctive field of robotics.
The wearable robotic exoskeleton market will take several years to reach its full market potential and commercialization. Currently, commercial exoskeleton devices tend to be cumbersome and slow, and hence, need to be more user friendly. Moreover, the cost of powered exoskeletons present in the market is very high as compared to the passive ones. However, exoskeleton technology is continuously improving, thus, it will be only a matter of time before exoskeletons become cost effective, user-friendly, and reliable. One of the strategies opted by manufacturers to reduce the selling price is by continuously upgrading and optimizing their products, conducting clinical trials, and expanding their sales and distribution network. Another way to reduce the selling price of exoskeletons being utilized by manufacturers is to reduce the complexity of the powered exoskeleton.
The wearable robotic exoskeleton market is witnessing a high growth rate owing to machine intelligence surpassing human intelligence in defense industry, rise in demand of exoskeletons for rehabilitation application, and rapidly growing aged population. Recent innovations in exoskeleton components and services has enabled the exoskeleton technology to reach a wider segment of consumers in the industry. However, stringent government regulations for exoskeletons in healthcare industry and high selling price of powered exoskeletons, contribute as major challenges for the market. Companies are developing various forms of emerging technologies such as 3D printed electronic components & structure, durable batteries, and soft actuators, among others to develop cost effective and affordable exoskeletons. This, in effect, is expected to increase competition in the near future as well as facilitate the utilization of exoskeleton for varied applications. The wearable robotic exoskeleton market reported a revenue of $96.0 million in 2016, with healthcare industry accommodating for the highest revenue by 2026.
Key Topics Covered:
Executive Summary
1 Research Scope & Methodology
1.1 Scope of the Report
1.2 Global Wearable Robotic Exoskeleton Market Research Methodology
2 Market Dynamics
2.1 Market Dynamics
2.2 Drivers
2.2.1 Machine Intelligence Surpassing Human Intelligence in Defense Industry
2.2.2 Rise in the Demand of Exoskeletons for Rehabilitation Application
2.2.3 Rapidly Growing Aged Population
2.3 Challenges
2.3.1 Stringent Government Regulations for Exoskeletons in Healthcare Industry
2.3.2 Significant Reduction in Selling Price of Powered Exoskeletons
2.4 Opportunities
2.4.1 Advancements in Soft Actuators for Exoskeletons
2.4.2 Growing Interest of Insurance Companies Towards Exoskeletons for Rehabilitation
2.4.3 Increasing Utilization for Exoskeletons by Industrial Sector
3 Competitive Insights
3.1 Competitive Landscape
3.2 Key Market Developments and Strategies in the Global Wearable Robotic Exoskeleton Market
3.2.1 Product Launches And Business Expansion
3.2.2 Partnership, Joint Venture, and Collaboration
3.2.3 Mergers and Acquisitions
3.2.4 Others
3.3 Market Share Analysis and Competitive Benchmarking
4 Industry Analysis
4.1 Evolution of Exoskeleton and Technological Advancements
4.2 Product Assortment and Pricing Analysis
4.3 Exoskeleton Start-Ups, 2001-2016
4.4 Patent Analysis
4.5 Value Chain Analysis
5 Global Wearable Robotic Exoskeleton Market
5.1 Assumptions and Limitations
5.2 Market Overview
5.2.1 Market Definition
6 Global Wearable Robotic Exoskeleton Market by Type
6.1 Market Overview
6.2 Passive Exoskeleton
6.3 Active (Powered) Exoskeleton
7 Global Wearable Robotic Exoskeleton Market by End User
7.1 Market Overview
7.2 Healthcare
7.3 Industrial
7.4 Defense
7.5 Commercial
8 Global Wearable Robotic Exoskeleton Market by Application
8.1 Market Overview
8.2 Rehabilitation
8.3 Assistive
8.4 Body Parts Support
8.5 Sports
9 Global Wearable Robotic Exoskeleton Market by Region
10 Company Profiles
- ATOUN Inc.
- B-Temia Inc.
- Bionik Laboratories Corporation
- Cyberdyne Inc.
- Daiya Industry Co., Ltd.
- Ekso Bionics Holdings, Inc.
- Focal Meditech BV
- Hocoma AG
- Honda Motor Co., Ltd.
- Lockheed Martin Corporation
- Mitsubishi Heavy Industries, Ltd.
- Myomo Inc.
- P&S Mechanics Co. Ltd.
- Parker Hannifin Corporation
- ReWalk Robotics Ltd.
- Rex Bionics PLC
For more information about this report visit https://www.researchandmarkets.com/research/4jc5ct/global_wearable