Global Robotic Exoskeleton Market 2018-2022
About Robotic Exoskeleton
A robotic exoskeleton combines human intelligence and machine power to support human joints. Robotic exoskeletons support the mobility of people suffering from diseases such as parkinson’s disease, stroke, multiple sclerosis, and cerebral palsy.
Technavio’s analysts forecast the global robotic exoskeleton market to grow at a CAGR of 30.38% during the period 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global robotic exoskeleton market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Robotic Exoskeleton Market 2018-2022
Technavio recognizes the following companies as the key players in the global robotic exoskeleton market: CYBERDYNE, Ekso Bionics, PARKER HANNIFIN, ReWalk Robotics, and Rex Bionics.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is advances in technology. The continuous advances in technology is gaining traction in the robotic exoskeleton market. Advancements in material technologies, software, control systems and sensors, and developments in electrical and electronics engineering have led to the development of advanced exoskeletons.”
According to the report, one driver in the market is rising penetration of neurological diseases. The rising penetration of neurological diseases is driving the growth of the robotic exoskeleton market positively over the last few years. Individuals suffering from diseases including spinal cord injuries, cerebral palsy, traumatic brain injuries have limited mobility.
Further, the report states that one challenge in the market is high cost associated with exoskeletons. One of the major challenges faced by the global robotic exoskeleton market is the high price of robotic exoskeletons. The average selling price of an exoskeleton was $60,500 in 2017, whereas powered wheelchairs, a substitute for an exoskeleton, was available for about $1500 in the same year.
CYBERDYNE, Ekso Bionics, PARKER HANNIFIN, ReWalk Robotics, and Rex Bionics.
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