- The exoskeleton market is projected to expand at a CAGR of 20.1% during 2022-2032
- Surge in the prevalence of Parkinson's disease and strokes worldwide is fueling the market growth
WILMINGTON, Del., Nov. 15, 2022 /PRNewswire/ -- A study by Transparency Market Research (TMR) notes that the United States exoskeleton market is prognosticated to reach a value of US$ 745.6 Mn by 2032. Besides, the exoskeleton market analysis by TMR notes that the global market is expected to develop at a CAGR of 20.1% during the forecast period, between 2022 and 2032.
The analysts at TMR notes that North America is prominent region in the market with the United States as leading country in the market region. The growth of the United States market is ascribed to rise in the product adoption in the nation's healthcare industry for orthopedic rehabilitation. This aside, a surge in the demand for exoskeleton in the country's defense and military sectors is fueling the North America market growth.
Players are executing varied organic and inorganic strategies including partnerships and collaborations in order to expand their businesses. Furthermore, several companies are investing in product innovation activities in order to launch products with improved quality. Such initiatives are expected to lead to rapid expansion of the market during the forecast period, state analysts of a TMR review.
Get Exclusive PDF Sample Copy of Exoskeleton Market - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=36833
Due to rise in the adoption of technological advancements worldwide, there has been a surge in the demand for exoskeleton products across varied industry verticals, note TMR researchers. Moreover, a rise in the popularity of artificial intelligence (AI), virtual guidance, digital assistants in robots, and the availability of high-speed Internet have benefited different industries such as the medical, engineering, and logistics industries. Such factors are expected to create lucrative prospects in the market in the near future. This aside, the market is projected to gain sizable business prospects owing to rise in the use of wearable robots in varied sectors such as the military, warfighters, and the construction industry.
Market Key Findings
- The adoption of exoskeletons is being rising in the manufacturing sector in the recent years owing to a wide range of advantages they offer. For instance, the use of exoskeletons can help in achieving decreased number of work-related injuries and fatigue. This, in turn, impacts positively on the work quality and productivity of an individual. Thus, rise in the product demand from the manufacturing sector is fueling the growth in exoskeleton market, note analysts of a TMR study.
- Exoskeletons are attracting popularity in the healthcare industry owing to their ability to support in personal mobility, states a TMR analysis. Over the period of past few years, there has been a rise in the number of patients suffering from body movement disorders including strokes, Parkinson's disease, and other disorder that restrict the voluntary body movements and lead to problems in day-to-day activities. Such patient population is increasing the adoption of exoskeletons, states the exoskeleton market report by TMR. This factor, in turn, is creating lucrative avenues in the market for exoskeleton.
Ask for References - https://www.transparencymarketresearch.com/sample/sample.php?flag=ARF&rep_id=36833
Market Growth Boosters
- Increase in the number of strokes and Parkinson's disease patients globally is expected to assist in expansion of the exoskeleton market size during the forecast period
- Surge in the product adoption from the construction, military, defense, and automobiles industries is expected to propel the market in the near future
Market Key Players
Some of the key players profiled in the report are:
- Hocoma
- Ekso Bionics
- Rex Bionics Plc
- Lockheed Martin Corporation
- ReWalk Robotics Ltd
- RB3D
- ActiveLink
- Cyberdyne, Inc.
Make an Enquiry Before Buying - https://www.transparencymarketresearch.com/sample/sample.php?flag=EB&rep_id=36833
Market Segmentation
By Mobility Type
- Mobile
- Fixed/stationary
By Technology Type
- Powered
- Non-powered
By Extremity Type
- Upper Body
- Middle Body
- Full Body
By End-User Type
- Healthcare
- Military
- Industry
By Region
- North America
- Latin America
- Europe
- APAC
- MEA
Modernization of healthcare in terms of both infrastructure and services have pushed the healthcare industry to new heights, Stay Updated with Latest Healthcare Research Reports by Transparency Market Research:
Magnetic Beads Market: Global Magnetic Beads Market with a 15.5% CAGR during 2022 - 2032, the market is projected to reach a valuation of US$ 6.7 Bn by 2032.
Vaginitis Diagnostics Market: The global vaginitis diagnostics market is anticipated to reach more than US$ 4.1 Bn by 2031 at a CAGR of 9.5% from 2022 to 2031.
Telemedicine Market: The global telemedicine market is anticipated to reach more than US$ 526.7 Bn by the end of 2031 at a CAGR of 13.4% from 2022 to 2031.
Clinical Laboratory Services Market: The global clinical laboratory services market is anticipated to reach more than US$ 561.1 Bn by the end of 2031 at a CAGR of 5.9% from 2022 to 2031.
Digital Brain Health Market: The global digital brain health market is anticipated to reach more than US$ 382.9 Bn by the end of 2031 at a CAGR of 7.3% from 2022 to 2031.
Myopia and Presbyopia Treatment Market: The global Myopia and Presbyopia Treatment market was valued at around US$ 16.7 Bn in 2021 at a CAGR of 9.5%.
Virtual Clinical Trials Market: The global sales of Virtual Clinical Trials in 2021 was held at US$ 7.6 Bn at a CAGR of 7.4% projected growth during 2022 - 2032.
Neurology Patient Monitoring Market: The global Neurology Patient Monitoring Market is anticipated to reach more than US$ 4.2 Bn by the end of 2022 - 2032 at a CAGR of around 7.8%.
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyse information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
For More Research Insights on Leading Industries, Visit Our YouTube Channel and hit subscribe for Future Update - https://www.youtube.com/channel/UC8e-z-g23-TdDMuODiL8BKQ
Contact
Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Blog: https://tmrblog.com
Email: sales@transparencymarketresearch.com
Logo: https://mma.prnewswire.com/media/1682871/TMR_Logo_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/exoskeleton-market-in-united-states-to-reach-value-of-us-745-6-mn-by-2032--reveals-tmr-report-301678627.html
