Feb 13 2015
Research and Markets has announced the addition of the "Global Exoskeleton System Market 2015-2019" report to their offering.
The Global Exoskeleton System market to grow at a CAGR of 72.51% over the period 2014-2019
An exoskeleton system is a man-machine system that combines human intelligence and machine power, thereby enabling individuals to gain super strength to walk or move. It is widely used across the Healthcare sector for rehabilitation. In rehabilitation centers, an exoskeleton system helps in tendon therapy and exercise. Individuals suffering from hip or knee conditions can use exoskeleton system to prevent common accidents such as slipping or to walk again. These systems are also used across the Military and Industrial sectors.
One of the major trends in the 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.
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.
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.
Key Vendors
- Cyberdyne
- Ekso Bionics
- ReWalk Robotics
- Rex Bionics
Other Prominent Vendors
- Berkley Robotics
- Focal Meditech
- Hocoma
- Honda
- Interactive Motion Technologies
- LockHeed Martin
- Myomo
- Parker Hannafin
- Raytheon Sarcos
Source: http://www.researchandmarkets.com/