Exoskeletons are the wearable machines that enable the limb movement with amplified strength and enhance the performance of human tasks. The exoskeleton help people by providing support in walking, standing, carrying heavy objects as well as they can contribute in health care. It is found that using the exoskeleton technology helps in reducing the effects of some of the disabilities like paralysis, general fatigue and muscular dystrophy.
Exoskeleton Market is valued at USD 214.93 Million in 2018 and expected to reach USD 2896.47 Million by 2025 with the CAGR of 45% over the forecast period.
The global Exoskeleton market is witnessing substantial growth due to growing demand from the healthcare sector for robotic rehabilitation, advancements in robotic technologies, and huge investments for the development of exoskeleton technology.
The North America is dominating the Exoskeleton market with the potential rate due to growing geriatric population, high purchasing power of patients, and presence of key players of the industry
Comau, Parker Hannifin, Ottobock, Ekso Bionics, Cyberdyne Inc., DAEWOO SHIPBUILDING, MARINE ENGINEERING CO., LTD and others.
Comau is an Italian multinational company established in 1973 and headquarter in Grugliasco, Torino. Specialties in manufacturing solutions, industrial automation, lean production processes, flexible, modular and scalable production solutions, aerospace, powertrain, naval, railways, energy, nuclear, robotics, Butterfly™, hollow wrist robots, ultralight modular welding guns, and automotive.
Parker-Hannifin Corporation is an American corporation established in 1917 and headquarter in Cleveland, OH. Specialties in Aerospace, Climate Control, Electromechanical, Filtration, Fluid & Gas Handling, Hydraulics, Pneumatic, Process Control, Sealing & Shielding, Human Motion and Control, IoT -Internet of Things, Transportation, Industrial Machinery, Energy, Life Science, Mobile/Off Highway, Oil and Gas, and Power Generation.
Ottobock is a German prosthetics company established in 1919 and headquarter in Duderstadt, Niedersachsen. Specialties in external Prosthetics, Myoelectrics, Prosthetic Microprocessor Knees, Custom Orthotics, Rehabilitation, Wheelchairs, Socket technology, Prosthetic Feet, and Prosthetic Manufacturing.
Ekso Bionics Holdings Inc established in 2005 and headquarter in Point Richmond, California.
Specialties in Bionic Exoskeletons, Rehabilitation, and Robotics.
Cyberdyne is a Japanese robotics and technology company established in 2004 and headquarter in Tsukuba, Ibaraki (Japan). Specialties in HAL, robot suit, health care, robotics, power suit, and multi-touch displays.
Along with these leading players, there are number of other small and mid-sized players who are coming with huge investment and innovative product launch in the Exoskeletons industry.
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26 Feb 2021