The Exoskeleton Market was valued at US$ 87.9 million in 2016 and is projected to reach US$ 2,288.3 million by 2025, exhibiting a CAGR of 44.16% during the forecast period, according to Exoskeleton market report, by Offering (Hardware, and Software), by Product Type (Powered and Passive), by Mobility (Stationary and Mobile), by Body Parts (Lower Extremities, Upper Extremities, and Full Body), by Vertical (Healthcare, Military, Industrial and Others), and by region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa) published by Coherent Market Insights.
Exoskeletons for industrial application offers various advantages in their workplace, which includes reduction in work related injuries. Also, lightweight of exoskeleton enables lowering worker fatigue, which is responsible for increasing attentiveness of workers, productivity, and work quality.
Robotic exoskeletons find widespread application across various industries, which includes healthcare, construction, military, logistics, warehouse and industrial automation. They have ability to rehabilitate patients suffering from physical or neurological syndromes. Furthermore, it enhances physical strength of the patient, along with efficiency, performance and capability. Owing to these reasons, exoskeletons are encouraging research institutes and technology developers to rapidly innovate these solutions and technique. Exoskeletons can also be integrated with artificial intelligence, predictive analytics, and virtual reality to deliver an actually futuristic solution.
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Key Trends and Analysis of the Global Exoskeletons Market:
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