3 Key Insights on US$ 2,500 Mn Opportunity in Global Exoskeleton Market REQUEST FOR SAMPLE REPORT Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Buy Now Driven by the adoption of the exoskeleton in the healthcare sector, the Global Exoskeleton Market is forecasted to reach nearly US$ 2,500 Mn by 2030 says Ken Research Study. The exoskeleton is a wearable robotic device that is used to improve the wearer’s physical performance for human tasks. The exoskeleton supports people when they walk, stand, and carry heavy things. Using the exoskeleton technology can lessen the consequences of various impairments, such as muscular dystrophy, and paralysis. There are three types of exoskeletons i.e. full body, upper body, and lower body exoskeleton, which are widely used in healthcare, defense, and industrial sectors for process automation and to enhance productivity. Ken Research shares 3 key insights on this high-opportunity market from its latest research study. 1. The Exoskeleton Market Is Witnessing Steady Growth Owing to the adoption of exoskeletons in the healthcare sector. The Exoskeleton market is witnessing steady growth owing to the adoption of the exoskeleton in the healthcare sector for robotic rehabilitation and robotic therapy, which means designing wearable robotic exoskeletons to improve movement in persons with impaired physical functioning. According to the Rehabilitation Council of India, a Government body that regulates training programs and courses targeted at the disabled, and special education requirement communities stated that more than 15,000 people in India lose their ability to walk either due to a stroke or spinal injury. Furthermore, many companies are currently developing exoskeletons for rehabliion purposes. In March 2020, Bionic Yantra has built a Robotic Exoskeleton Assisted Rehabilitation System (REARS) which will help people to recover more quickly from spinal injuries and stroke. In November 2019, Toyota launches the new “Welwalk WW-2000” which is a robot designed to provide rehabilitation support to patients suffering from lower limb paralysis. According to Ken Research estimates, the Global Exoskeleton Market – valued at around ~US$ 300 million in 2019 and estimated to reach nearly ~US$ 550 million by 2022 – it is further expected to reach a market size of ~US$ 2,500 million opportunity by 2030. 2. The Concept of Human Enhancement for The Defense and The Industrial Sector Is Driving the Growth of The Global Exoskeleton Market Growth. The concept of human enhancement for defense and industrial purposes i.e., adding advanced technological changes to the human body in order to enhance physical capabilities. Exoskeleton can significantly increase a person’s physical capabilities, which can be highly beneficial in military and industrial sectors such as loading, and unloading materials, and transporting heavy materials ammunition, and guns easily. In May 2019, the U.S Military completed the trials for the use of exoskeletons. The wearable exoskeletons provide support, strength, and endurance, which will eventually protect soldiers from strain injury. Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MDc5 3. High Cost of Exoskeletons Is One of The Major Reasons Hindering the Growth of The Global Exoskeleton Market. The high cost of exoskeletons impacts the growth of the global exoskeleton market. The price of exoskeletons is affected by advanced exoskeleton technology which has certain improvements such as higher efficiency, high payload, and enhanced physical strength. The average cost of an exoskeleton in healthcare that provides walking support for people suffering from spinal injury or stroke is US$ 77,000 while robotic rehabilitation cost more than US$ 100,000. Whereas the average military-based exoskeleton is around US$ 25000. The below graphs depict the average cost of exoskeletons in US$. For more information on the research report, refer to the below link: Opportunities in Global Exoskeleton Market Read Also – 3 Key Insights on Nearly $7 Bn Opportunity in the Global Agricultural Pumps Market Follow Us – LinkedIn | Instagram | Facebook | Twitter | YouTube Contact Us: – Ken Research Ankur Gupta, Head Marketing & Communications support@kenresearch.com +91-9015378249 Tags: Africa Exoskeleton Market, Asia-Pacific Exoskeleton Market, B-Temia Exoskeleton Market, Competitors in Exoskeleton Market, Cyberdyne Exoskeleton Market, Defense Exoskeleton Market, DIH Medical Exoskeleton Market, Ekso Bionics Holdings Exoskeleton Market, Emerging Companies in Exoskeleton Market, Europe Exoskeleton Market, Exoskeleton Making Companies, Exoskeleton Products Manufacturers, Exoskeleton Raw Material Suppliers, Exoskeleton Robot Market, Full Body Exoskeleton Market, Global Exoskeleton End Users, Global Exoskeleton Industry, Global Exoskeleton Manufacturers, Global Exoskeleton Market, Global Exoskeleton Market Demand, Global Exoskeleton Market Industry Challenges, Global Exoskeleton Market Trends, Global Exoskeleton Product Market, Global Wearable Robotic Exoskeleton Market, Healthcare Exoskeleton Market, Industrial Exoskeleton Market, Latin America Exoskeleton Market, Leading Players in Exoskeleton Market, Lockheed Martin Corporation, Major Companies in Exoskeleton Market, Medi-Touch Exoskeleton Market, Middle East Exoskeleton Market, Military Exoskeleton Market, Mobile Exoskeleton Market, North America Exoskeleton Market, Opportunities in Global Exoskeleton Market, Ottobock Exoskeleton Market, Passive Exoskeleton Market, Powered Exoskeleton Market, ReWalk Robotics Exoskeleton Market, Rex Bionics Exoskeleton Market, Robotic Arms Market, Robotic Gear Market, Robotic Wear Market, Sarcos Exoskeleton Market, Stationary Exoskeleton Market, Top Companies in Global Exoskeleton Market, Top Exoskeletons Startups, Top Venture Capitalists Investing in Robotics, Upper Body Exoskeleton Market, Venture Capitalists in Exoskeleton Industry, wearable robotic device Market