Dallas, Texsa (PRWEB) February 09, 2015
One of the major trends in the Exoskeleton System Market is the development of an exoskeleton-mounted computer system for soldiers. The US military has awarded several exoskeleton R&D project contracts to various robotic companies and research institutes in the Americas. The exoskeleton empowers the soldiers to easily lift the loads more than the normal weight and also allows to be incredible active across the battlefield without putting more strain on the body. The report emphasizes increased development of exoskeletons for military purposes. The market is witnessing an increase in demand for exoskeletons from the US military, and several exoskeleton R&D project contracts are being given to various robotic companies and research institutes in the Americas.
An exoskeleton system is a portable human-machine system that combines human intelligence and machine power. They are widely used in the healthcare sector for rehabilitation, specifically for patients with orthopedic disorders.
These disorders affect the musculoskeletal system, causing severe long-term pain and physical disability. Exoskeletons are used to aid orthopedic disorder patients, enabling them to move and walk again. The Global Exoskeleton System Market is expected to post a CAGR of 72.51% from 2014-2019. According to the report, the rise in orthopedic disorders is a major growth driver for the market. The use of exoskeletons by people with orthopedic disorders helps improve their mobility because they put the body in an upright position, thereby bringing back their self-esteem.
An exoskeleton called TALOS is undergoing development by Ekso Bionics in collaboration with SOCOM, which is a combat suit with innovative armor, power and health-monitoring display. The TALOS project has reached the second phase of SOCOM. Ekso Bionics past 10 years R&D has played a major role in the projects like TALOS.
Vendors like ReWalk Robotics have developed several exoskeletons that are used in rehabilitation centers, which has had a positive impact on the overall market growth. The ReWalk exoskeletons can protect it and also protects the person wearing the suit. The suit allows movement allowed like sitting, standing, walking and sometimes climbing stairs.
The report recognizes the following companies as the key players in the Global Exoskeleton System Market: CYBERDYNE Inc., Ekso Bionics Inc., ReWalk Robotics Ltd. and Rex Bionics plc
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Other Prominent Vendors in the market are: Berkley Robotics, Focal Meditech, Hocoma, Honda, Interactive Motion Technologies, LockHeed Martin, Myomo, Parker Hannifin and Raytheon Sarcos.
Further, the report states that one of the major challenges that the market faces is the high price of exoskeleton systems, which means that they are not affordable for many paralyzed individuals in the developing countries. Several paralyzed individuals in the developing countries cannot afford to buy exoskeletons because insurance companies do not provide funds to buy such devices.
List of Exhibits
Exhibit 1: Market Research Methodology
Exhibit 2: Global Exoskeletons Robot Market Overview
Exhibit 3: Global Exoskeleton System Market 2014-2019 (US$ million)
Exhibit 4: Global Exoskeleton System Market by End-User Segmentation 2014-2019
Exhibit 5: Global Exoskeleton System Market in Healthcare Sector 2014-2019 (US$ million)
Exhibit 6: Global Exoskeleton System Market in Military Sector 2014-2019 (US$ million)
Exhibit 7: Global Exoskeleton System Market in Industrial Sector 2014-2019 (US$ million)
Exhibit 8: Global Exoskeleton System Market by Geographical Segmentation 2014-2019
Exhibit 9: Exoskeleton System Market in Americas 2014-2019 (US$ million)
Exhibit 10: Exoskeleton System Market in EMEA Region 2014-2019 (US$ million)
Exhibit 11: Exoskeleton System Market in APAC Region 2014-2019 (US$ million)
Exhibit 12: Healthcare Sector
Exhibit 13: Military Sector
Exhibit 14: Industrial Sector
Exhibit 15: Establishment of Rehabilitation Centers in US in 2014 (January to March)
Exhibit 16: CYBERDYNE: Product Segmentation
Exhibit 17: CYBERDYNE: Key Services
Exhibit 18: CYBERDYNE: Geographical Segmentation
Exhibit 19: Ekso Bionics: Distributors by Geography
Exhibit 20: ReWalk Robotics: Product Segmentation
Exhibit 21: ReWalk Robotics: Geographical Segmentation by Revenue 2013
Exhibit 22: Rex Bionics: Product Segmentation
Exhibit 23: Rex Bionics: Geographical Presence
The Other Related Report is Global Rehabilitation Robotics Market 2015-2019 – Analysts forecast the Global Rehabilitation Robotics market to grow at a CAGR of 24.27 percent over the period 2014-2019. The Global Rehabilitation Robotics market can be segmented into the following based on products: Prosthetics Robotics, Orthotics Robotics, Therapeutic Robots, and Exoskeleton Robotic Systems.
The key players profiled are AlterG, Ekso Bionics, Hocoma, Interactive Motion Technologies, Bioxtreme Robotics Rehabilitation, Instead Technologies, Kinestica, Kinetic Muscles, Kinova, MediTouch, Rehab-Robotics, Reha-Stim, SynTouch, Touch bionics and YouRehab.
Explore other report on Medical Devices by Infiniti Research Limited.
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