Soft Exoskeleton Market Report 2020 Study By Manufacturers, Regions, Type And Application Forecast 2025

Soft exoskeleton market size from healthcare applications is anticipated to grow at a rapid rate attributed to the burgeoning adoption of exosuits by patients with physical disabilities such as Parkinson’s disease and multiple sclerosis. The rise in the number of hospitals, clinics, and medical centers offering rehabilitation treatment to paralytic patients is projected to impel market penetration in the coming years. In addition to this, the ability of soft exoskeleton to provide relief from spine injuries, traumatic brain injuries, and strokes would further advance market share.

Lately, ReWalk Robotics Ltd., the leading producer of exoskeleton solutions, has reportedly premiered a soft suit exoskeleton prototype, known as Restore, aimed at helping stroke survivors. The soft exoskeleton looks a lot similar to what construction workers wear for safety rather than a wearable robotic system. It contains a waist band fixed with a battery and motor, flexible cables that convey power from the motor to the ankles, shoe sensors, and leg braces. The anticipated release of a marketable Restore soft suit is scheduled for 2018. The expansion of the healthcare industry and the numerous developments it is characterized by will thus prove to expedite this business space in the coming years.

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The rising implementation of full body soft exoskeletons in the industrial sector to enhance workers’ productivity, decrease stress and fatigue would significantly bolster product demand in the years forward. Unlike conventional suits, full-body wearable soft exosuits provide varied flexibilities because of the absence of an exterior metal frame. Additionally, optimum service and support offered by manufacturers to businesses will extend incredible growth prospects for the soft exoskeleton market.

Reportedly, researchers at the Wyss Institute have recently developed cutting-edge soft exosuits that are aimed at mitigating injury risk and improving worker productivity during heavy lifting and reaching jobs. The soft exosuit technology is a textile-based system,  that looks and feels similar to clothing but is intended to offload pressure from the back muscles while performing physically demanding tasks.

Owing to the increasing occurrences of neurological disorders and spinal cord injuries, the upper and lower body soft exoskeleton market size was estimated to be more than USD 700,000 in the year 2018. Growing geriatric population along with increasing investments in the product development would ensure that the upper and lower body product segment remains at the forefront in driving soft exoskeleton industry trends in the forecast years.

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Based on the aforementioned factors, it is rather apparent that soft exoskeleton technology looks to revolutionize the physical potential of the mobility-disabled, manufacturing workers, soldiers, and elderly by providing additional strength and stability to help appease exhaustion, pressure, and injuries. The lucrative advantages of the posture and motion support provided by these products across a vast application landscape would significantly amplify soft exoskeleton market size in the imminent future.

Table of Contents (ToC) of the report:

Chapter 4  Soft Exoskeleton Market, By Product

4.1    Global soft exoskeleton market share by product, 2018 & 2025

4.2    Full body soft exoskeleton

4.2.1   Market estimates and forecast, 2014 – 2025, (Units) (USD Thousand)

4.2.2   Market estimates and forecast, by region, 2014 – 2025, (Units) (USD Thousand)

4.3    Upper & lower body soft exoskeleton

4.3.1   Market estimates and forecast, 2014 – 2025, (Units) (USD Thousand)

4.3.2   Market estimates and forecast, by region, 2014 – 2025, (Units) (USD Thousand)

Chapter 5  Soft Exoskeleton Market, By Application

5.1    Global soft exoskeleton market share by application, 2018 & 2025

5.2    Healthcare

5.2.1   Market estimates and forecast, 2014 – 2025, (Units) (USD Thousand)

5.2.2   Market estimates and forecast, by region, 2014 – 2025, (Units) (USD Thousand)

5.3    Industrial

5.3.1   Market estimates and forecast, 2014 – 2025, (Units) (USD Thousand)

5.3.2   Market estimates and forecast, by region, 2014 – 2025, (Units) (USD Thousand)

5.4    Military

5.4.1   Market estimates and forecast, 2014 – 2025, (Units) (USD Thousand)

5.4.2   Market estimates and forecast, by region, 2014 – 2025, (Units) (USD Thousand)

5.5    Others

5.5.1   Market estimates and forecast, 2014 – 2025, (Units) (USD Thousand)

5.5.2   Market estimates and forecast, by region, 2014 – 2025, (Units) (USD Thousand)

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