Exoskeleton Market to Witness Exponential Growth Via Healthcare Segment By 2026

Soft exoskeleton market from healthcare applications is anticipated to grow at a rapid rate attributed to the burgeoning adoption of exosuits by patients with physical disabilities such as Parkinson's disease and multiple sclerosis. The rise in the number of hospitals, clinics, and medical centers offering rehabilitation treatment to paralytic patients is projected to impel market penetration in the coming years. In addition to this, the ability of soft exoskeleton to provide relief from spine injuries, traumatic brain injuries, and strokes would further advance market share.
The global soft exoskeleton market is touted to make a big difference in the wearable industry in the coming years, owing to increasing product demand from patients with musculoskeletal and neurological disorders coupled with plentiful advantages of soft suits over bulky metallic suits. Research and development are the cornerstones of this industry, leading players try and guarantee cutting-edge, practical, and quality products for solving consumer problems.
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Workplace injuries are a common scenario in industries which require workers to perform tasks in extreme conditions. With that said, the rising incidences of gait disorders and bone-related injuries are set to fuel market growth in the looming future. For instance, the automotive giant Ford is reportedly introducing 75 upper-body EksoVest exoskeletons across fifteen motor making plants across the globe. The auto behemoth has entered into a collaboration with Ekso Bionics to enhance its employees' capabilities in the U.S., Mexico, Canada, Romania, Thailand, China, and Brazil.
The military sector has always been actively looking for solutions to empower armed personnel in terms of safety and efficiency. Although military personnel are tough and strong, the nature of their work makes them highly vulnerable to muscle sprains and spasms. A recent development by a multidisciplinary team of researchers from Harvard SEAS and Wyss Institute of Harvard in fact, has put the military sector in a tizzy. The researchers have fabricated a pioneering soft multi-joint exoskeleton ideal for soldiers and emergency labors. The soft exosuit embraces an advanced automatic tuning technique that decreases fatigue and injury during strenuous jobs and allows users to stay active longer.
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The device has been designed to boost mobility by applying mechanical forces to vital joints of the body. The mechanical forces are conducted via cables that run through the exosuit's components to hip joints and ankle to add power to leg movements. Moreover, the exosuit can help elderly or mobility impaired individuals lead more active lives. Thus, it is overt that product innovation initiatives for the betterment of defense workers will influence the commercialization graph of the soft exoskeleton market over the future.
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Data Tables:
TABLE 1. Exoskeleton industry 3600synopsis, 2014 - 2026
TABLE 2. Global exoskeleton market volume, 2014 - 2018, (Units) (USD Million)
TABLE 3. Global exoskeleton industry volume, 2019 - 2026, (Units) (USD Million)
TABLE 4. Global exoskeleton industry volume by product, 2014 - 2018 (Units)
TABLE 5. Global exoskeleton industry volume by product, 2019 - 2026 (Units)
TABLE 6. Global exoskeleton industry value by product, 2014 - 2018 (USD Million)
TABLE 7. Global exoskeleton industry value by product, 2019 - 2026 (USD Million)
TABLE 8. Global exoskeleton industry volume by application, 2014 - 2018 (Units)
TABLE 9. Global exoskeleton industry volume by application, 2019 - 2026 (Units)
TABLE 10. Global exoskeleton industry value by application, 2014 - 2018 (USD Million)
TABLE 11. Global exoskeleton industry value by application, 2019 - 2026 (USD Million)
TABLE 12. Global exoskeleton industry volume by technology, 2014 - 2018 (Units)
TABLE 13. Global exoskeleton industry volume by technology, 2019 - 2026 (Units)
TABLE 14. Global exoskeleton industry value by technology, 2014 - 2018 (USD Million)
TABLE 15. Global exoskeleton industry value by technology, 2019 - 2026 (USD Million)
TABLE 16. Global exoskeleton market volume by region, 2014 - 2018 (Units)
TABLE 17. Global exoskeleton market volume by region, 2019 - 2026 (Units)
TABLE 18. Global exoskeleton market value by region, 2014 - 2018 (USD Million)
TABLE 19. Global exoskeleton market value by region, 2019 - 2026 (USD Million)
TABLE 20. Vendor matrix
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