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The Global Powered Exoskeleton Market is expected to grow at a high CAGR of 44.85% during the forecasting period (2024-2031).
Powered Exoskeleton Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.
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A powered exoskeleton is a wearable device designed to assist individuals with mobility impairments or to enhance physical strength. The market for powered exoskeletons is expanding, driven by their use in healthcare, rehabilitation, and industrial applications, as well as advancements in wearable robotics technology.
List of the Key Players in the Powered Exoskeleton Market:
Cyberdyne, Bionik Laboratories, Mitsubishi Heavy Industries, Honda Motors, Hyundai Motors, RewalkRobotics, MediTouch, EksoBionics Holdings, Inc., Panasonic Corporation, and Lockheed Martin Corporation, Esko Bionics, Rewalk Robotics, and Cyberdyne
Industry Development:
The rising prevalence of strokes and spinal cord injuries, along with an increase in accidents, is expected to drive the number of patients suffering from mobility disorders. According to the American Journal of Public Health, over 15 million people in the U.S. are paralyzed and unable to walk. Additionally, the World Health Organization (WHO) reported in 2018 that approximately 50 million people worldwide sustained severe injuries due to road accidents and violent incidents. Many of these survivors suffer from permanent disabilities, creating a growing demand for exoskeleton technology to aid mobility and rehabilitation.
Growth Forecast Projected:
The Global Powered Exoskeleton Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
Research Process:
Both primary and secondary data sources have been used in the global Powered Exoskeleton Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.
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Segment Covered in the Powered Exoskeleton Market:
By Component: Hardware and Software
By Type: Powered and Passive
By Mobility: Stationary and Mobile
By Body Part: Lower, Upper, and Full Body
By Vertical: Healthcare, Defense, and Industrial
Regional Analysis for Powered Exoskeleton Market:
The regional analysis of the Powered Exoskeleton Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
Benefits of the Report:
➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
➡ Top-down and bottom-up approach for regional analysis
➡ Porter’s five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market
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People Also Ask:
➠ What is the global sales, production, consumption, import, and export value of the Powered Exoskeleton market?
➠ Who are the leading manufacturers in the global Powered Exoskeleton industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?
➠ What opportunities and challenges do vendors in the global Powered Exoskeleton industry face?
➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?
➠ What are the key factors and limitations affecting the growth of the Powered Exoskeleton market?
➠ What are the various sales, marketing, and distribution channels in the global industry?
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