Soft Exoskeleton Market: Outlook, Opportunity and Demand Analysis, Forecast 2021- 2025
The soft exoskeleton market research study is a detailed document that presents a gist of the global industry space in terms of numerous parameters. Some of these falls along the likes of the industry insights, growth drivers, industry segmentation, and trends worldwide. Also included in the research report is information pertaining to the companies partaking in the market share and the information pertaining to the regulatory norms that impact the commercialization landscape of this vertical.
Increasing usage of exoskeletons in industrial, military, and healthcare sectors is driving the growth prospects of soft exoskeleton market. Although the idea of anchoring the body with soft textile materials is a fundamentally new way of using a wearable robot, this technology possesses immense potential to provide mobility assistance or physical therapy for individuals suffering from diseases such as strokes, spinal cord ailments, Parkinson’s and multiple sclerosis.
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The increasing occurrence of damage caused by stroke, spinal injuries, musculoskeletal disorders has augmented the use of soft wearables for rehabilitation purposes. Manufacturers, biotechnology companies, as well as educational research institutions are constantly experimenting to bring novel solutions for patients suffering recovering from such problems.
For example, in 2017, the Wyss Institute of Harvard University had developed upper and lower limb soft exosuits to assist patients with limited disability issues with rehabilitation. The soft exoskeleton market size from the upper and lower body segment had reached US$700 million during 2018 and is likely to grow substantially by 2025.
The adoption of soft exoskeleton technology in military applications is growing rapidly. Many manufacturers are focusing on developing technologically advanced systems powered by machine learning algorithms that help control different parameters.
Military and defense organizations have been heavily investing in the development of advanced soft wearable solutions. In September 2014, for example, the Wyss Institute of Harvard University had received the first phase funding of nearly US$2.9 million from the Defense Advanced Research Projects Agency (DARPA) for the development of soft exoskeleton systems.
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The soft exoskeleton market in Europe is poised to record notable growth over the next few years. The regional trends will be positively influenced by the presence of a large elderly population base. Regional manufacturers are prioritizing research and development activities to improve exoskeleton technology, explore its scope in new applications, and lead innovation in the space.
ReWalk Robotics Ltd., Harvard Biodesign Lab, Panasonic Corporation, Revision Military Ltd., Defence Science and Technology Organisation, Defence Advanced Research Projects Agency, Ekso Bionics, SRI International, Bioservo Technologies AB, Otherlab, Hocoma, Gogoa, Daiya Industry, and Activelink are among the prominent players in the soft exoskeleton market.
Major Key Points from Table of Content:
Chapter 4 Soft Exoskeleton Market, By Product
4.1 Global market share by product, 2018 & 2025
4.2 Full body soft exoskeleton
4.2.1 Market estimates and forecast, 2014 – 2025, (Units) (USD Thousand)
4.2.2 Market estimates and forecast, by region, 2014 – 2025, (Units) (USD Thousand)
4.3 Upper & lower body soft exoskeleton
4.3.1 Market estimates and forecast, 2014 – 2025, (Units) (USD Thousand)
4.3.2 Market estimates and forecast, by region, 2014 – 2025, (Units) (USD Thousand)
Chapter 5 Soft Exoskeleton Market, By Application
5.1 Global market share by application, 2018 & 2025
5.2 Healthcare
5.2.1 Market estimates and forecast, 2014 – 2025, (Units) (USD Thousand)
5.2.2 Market estimates and forecast, by region, 2014 – 2025, (Units) (USD Thousand)
5.3 Industrial
5.3.1 Market estimates and forecast, 2014 – 2025, (Units) (USD Thousand)
5.3.2 Market estimates and forecast, by region, 2014 – 2025, (Units) (USD Thousand)
5.4 Military
5.4.1 Market estimates and forecast, 2014 – 2025, (Units) (USD Thousand)
5.4.2 Market estimates and forecast, by region, 2014 – 2025, (Units) (USD Thousand)
5.5 Others
5.5.1 Market estimates and forecast, 2014 – 2025, (Units) (USD Thousand)
5.5.2 Market estimates and forecast, by region, 2014 – 2025, (Units) (USD Thousand)
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