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(Wireless-NewsWire.Com, September 28, 2018 ) According to Verified Market Intelligence, the Global Exoskeleton Market was valued at USD 450.4 Million in 2017 and is projected to reach USD 3.22 Billion by 2025, growing at a CAGR of 42.3% from 2018 to 2025.
An exoskeleton is defined as the outer covering or the external skeleton of some animal’s bodies. The exoskeleton essentially supports as well as is used to protect the animals from harm. The exoskeleton is typically hard in nature and can also be referred to as shells. The exoskeleton is most likely not flexible and covers the more vulnerable parts of an animal’s body. Exoskeletons are used for humans who have deformities, most often used of those who have served in the military as well as the elderly. The main function of the Global Exoskeleton Market is to facilitate individuals to overcome their physical constraints.
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Factors that are driving the exoskeleton market are the increasing use of exoskeleton devices for the process of rehabilitation therapy. Nervous system trauma is becoming more widely prevalent and therefore the uses of exoskeletons are also increasing. The increase in the demand for robots to be able to facilitate in human body mechanics is also a key driving factor for the exoskeleton market. Factors such as the lack of awareness, the time it takes for implementation, as well as the cost, are restraining the growth Global Exoskeleton Market.
The “Global Exoskeleton Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Ottobock, Cyberdyne, Bionik Laboratories, DIH Technologies, Ekso Bionics, B-Tamia, Lockheed Martin, Focal Meditech, Rewalk Robotics and Meditouch. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis.
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