Lewes, DE -- (SBWire) -- 03/16/2016 --Report forecast the global exoskeleton robots market to grow at a CAGR of 50.85% during the period 2016-2020.
An exoskeleton is a wearable robot that combines human intelligence and machine power. It is widely used for rehabilitation applications such as tendon therapy and physical exercise, and supports finger flexion and extension movements. People suffering from hip or knee weakness can use these robots to prevent common accidents, including slipping. In addition, exoskeletons provide efficient therapy causing minimal fatigue in individuals, and enhance the therapy beyond the practitioner's abilities. They are also used for military, industrial, construction, and personal use applications.
The report covers the present scenario and the growth prospects of the global exoskeleton robots market for 2016-2020. To calculate the market size, the report considers revenue generated from the below-mentioned models.
- Lease or rent
- Sales
- Treatment commission of fee sharing
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
According to the report, advances in material technologies, control systems and sensors, software, and electrical and electronics engineering has helped in the development of new and advanced exoskeletons in the market. The availability of ultra-low-power exoskeleton technology has led to the development of robotic suits that enable anthropomorphic movements, which ensures that the robot does not need external power to operate.
Further, the report states that one of the major challenges faced by the global exoskeleton robots market is high cost.
Global Exoskeleton Robots Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
key players in the Global Exoskeleton Robots Market: Cyberdyne, Ekso Bionics, ReWalk Robotics, and Rex Bionics.
Other Prominent Vendors in the market are: Alter G, Daewoo Shipbuilding and Marine Engineering, Hocoma, Honda, Interactive Motion Technologies, LockHeed Martin, Myomo, Panasonic, Parker Hannifin, Sacros, Toyota Motors, and US Bionics.
Market driver
- Advances in technology
- For a full, detailed list, view our report
Market challenge
- High cost of product
- For a full, detailed list, view our report
Market trend
- Rise in use of exoskeletons for military and industrial applications
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 49 pages and 25 Exhibit "Global Exoskeleton Robots Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market Overview, Market Landscape, Exoskeleton industry life cycle, Revenue recognition model, Pricing analysis, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix
For more information Visit at: http://www.marketresearchreports.com/technavio/global-exoskeleton-robots-market-2016-2020
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