Exoskeleton Market 2020 Strategic Assessment – ReWalk Robotics, Ekso Bionics, LockHeed Martin, Parker Hannifin

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Parker Hannifin Corporation (NYSE:PH), introduced the discovery of its next generation Indego Therapy Exoskeleton device for use in recovery department which is global leader in motion and control technologies. The new Indego Therapy is quickly customizable and perfectly fitted to patients.

About Indego: With dedicated therapy and personal use exoskeletons, Indego provides solutions that address the complete continuum of care – from acute rehabilitation to home and community ambulation. Additionally, therapists have a range of customizable settings within the Therapy+ software suite which allow them to further tailor the behavior of the system to specific impairment and gait needs.

The global Exoskeleton market is valued at 241.7 million US$ in 2020 is expected to reach 3387.6 million US$ by the end of 2026, growing at a CAGR of 45.3% during 2021-2026.

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Top Leading Companies of Global Exoskeleton Market Cyberdyne, Hocoma, ReWalk Robotics, Ekso Bionics, LockHeed Martin, Parker Hannifin, Interactive Motion Technologies, Panasonic and others. (Browse Full Report)

Market Insights:

The term exoskeleton stands for rigid, strong and inflexible external covering which is meant to protect the body of some of the invertebrates, especially arthropods. The exoskeleton acts as protecting cover the animals with weaker body parts. The same technology has now being extended in human beings. There are several applications of exoskeleton in humans with congenital defects or the humans with deformed body appendages. Since 1960s, researchers are continuously working on building mechanical exoskeletons for human application. The first exoskeleton was built by General Electric and U.S. armed forces. The scientists and the researchers developed this wearable technology that combines information systems and robotics in order to form an external structure for the human body. The major applications are intended for military soldiers those suffering from physical deformities due to war consequences.

Exoskeleton Market is segmented based on the Types such as (Lower, Upper, Full Body) Further, the market is segmented based on the applications such as (Healthcare, Defense, Industrial). It helps in visualizing the composition of the Exoskeleton market across each indication, in terms of type and applications, highlighting the key commercial assets and players.

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