Exoskeletons are the wearable medical devices which expands the physical capabilities of the wearer. Exoskeleton includes resistant and rigid components that just a set of functional roles such as excretion, support, sensing, and protection. These devices are powered with actuators and sensors or sometimes can be passive. Exoskeletons are wearable machines which enable limb movement with amplified strength and improve the performance of the human tasks.
Rise in adoption of human augmentation in military and industrial sector is expected to boost the global exoskeleton market growth. Furthermore, increase in investments and funding for research & development is expected to propel the global exoskeleton market growth. Moreover, increase in focus of manufacturers on the development of smart technologies will have the positive impact on Global Exoskeleton Market growth.
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However, government regulations and policies is the major restraining factor which is expected to hamper the Global Exoskeleton Market growth. Also, high product development cost will affect the growth of global exoskeleton market.
Global Exoskeleton Market Segmentation
Global Exoskeleton Market is segmented into technology such as Mobile Exoskeleton (Active, and Passive), and Stationary Exoskeleton (Active, and Passive), by end User such as Healthcare, Military, Industrial, and Others.
Also, Global Exoskeleton Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East and Africa.
Global Exoskeleton Market Key Competitors
Various key competitors are discussed in this report such as ReWalk Robotics, Ekso Bionics, Rex Bionics Plc., Suit X, Lockheed Martin Corporation, Hocoma, DIH Technologies, Meditouch, and Atoun.
Global Exoskeleton Market Taxonomy
By End User
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