Albany, NY, Nov. 17, 2015 (GLOBE NEWSWIRE) -- The study, titled "Wearable Robots, Exoskeletons: Market Shares, Strategy, and Forecasts, Worldwide, 2015 to 2021", estimates this market to reach US$2.1 bn by the end of 2021 from US$16.5 mn in 2014.
According to the research report, the rising demand for exoskeletons from the global medical and healthcare industry is the key reason for the immense growth of this market. The U.S in North America, Korea, China, and Japan in Asia Pacific, and almost the whole Europe are the major regional markets for wearable robots and exoskeletons. Wearable robots and exoskeletons assist in lifting weight for workers and are generally utilized for engineering and logistical purposes.
The report provides valuable statistical data as well as factual information regarding the ongoing activities in the worldwide wearable robots and exoskeletons industry, making it a valuable source of guidance for established market participants as well as new entrants in this industry. Companies, looking to venture into the worldwide wearable robots and exoskeletons market, can also gain clear insights into this industry from this research study.
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The basic overview of the worldwide market for wearable robots and exoskeletons has been discussed at length in this research study, covering the definition, classifications, application, end users, and the chain structure of this industry.
The market report discusses the plans and strategies applied in the worldwide wearable robots and exoskeletons market for its expansion along with the production processes and cost structures of the products available in the market. Further, it provides significant information about the prevailing demand and supply trends, production volume and consumption rate, import/export, product pricing, revenue generation, and gross margins on the key products of the global wearable robots and exoskeletons industry.
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Additionally, the report also includes a thorough discussion on the present and potential trends in the wearable robots and exoskeletons market across the world.
In conclusion, the report analyzes the company profiles of major players operating in the worldwide wearable robots and exoskeletons market in order to present an analysis on the competitive landscape of the industry as well as the current market hierarchy.
Rex Bionics, Ekso Bionics, Daewoo, Cyberdyne, China North Industries Group Corp., Sarcos, ReWalk, Parker Hannifin, and Lockheed Martin are the leading partcipants in the global wearable robots and exoskeletons market. Other prominent players operating in this market are Revision Military, ReWalk Robotics, Sarcos, Catholic University of America, University of Twente, Hocoma, Parker Hannifin, Ekso Bionics, AlterG, RexBionics, Rostec, and United Instrument Manufacturing Corp.
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Exoskeleton: Market Shares, Strategy, and Forecasts, Worldwide, 2015 to 2021
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Worldwide markets are poised to achieve significant growth as the exoskeletons are used inside rehabilitation treatment centers and at home to provide stability for paraplegics and people who need gait training. Ultimately exoskeletons will be used for the rehabilitation of all patients with serious physical injuries or physical dysfunction.
Exoskeleton robots support walking for previously wheel chair bound patients: They function as wearable robots that bring new functionality to the rehabilitation markets. Exoskeleton robots promote upright walking and relearning of lost functions in a patient needing physical therapy. Exoskeletons can play a significant role in this medical treatment process. Emerging markets promise to have dramatic and rapid growth. Exoskeletons deliver higher quality rehabilitation, provide growth strategy for clinical facilities.
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The exoskeleton robot market size at $16.5 million in 2014 is expected grow dramatically to reach $2.1 billion by 2021. Exoskeleton markets will be separate and additive to the robotic rehabilitation market. A separate exoskeleton market will create growth by the weight of excellent device capabilities. Market growth is a result of the effectiveness of robotic treatment of muscle difficulty. The usefulness of the Exoskeleton is increasing. Doing more sophisticated combinations of exercise have become more feasible as the technology evolves. Patients generally practice 1,000 varied movements per session. With the robots, more sessions are possible.
North America Wearable Medical Device Industry 2015
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The North America Wearable Medical Device Industry 2015 Market Research Report is a professional and in-depth study on the current state of the Wearable Medical Device industry.
The report provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Wearable Medical Device market analysis is provided for the North America markets including development trends, competitive landscape analysis, and key regions development status.
Development policies and plans are discussed as well as manufacturing processes and Bill of Materials cost structures are also analyzed. This report also states import/export consumption, supply and demand Figures, cost, price, revenue and gross margins.
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The report focuses on North America major leading industry players providing information such as company profiles, product picture and specification, capacity, production, price, cost, revenue and contact information. Upstream raw materials and equipment and downstream demand analysis is also carried out. The Wearable Medical Device industry development trends and marketing channels are analyzed. Finally the feasibility of new investment projects are assessed and overall research conclusions offered.
Wearable Electronics Market in the US 2015-2019
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Wearable electronics refers to electronics embedded in wearables, such as accessories and clothing. Wearable electronics are equipped with miniaturized devices such as microchips and sensors, which provide them the capability to compute like cell phones and laptops. The electronic devices embedded in wearables collet data and track activities, allowing wearers access to information in real time. Wearable devices such as Google glasses, smart bands, smart watches, and smart clothing monitor real-time fitness, heart rate, sleep statistics, calories, and provide valuable insights on health. One of the important aspects of wearable technology is the ability to provide its users hands-free access to electronics and computers. Some wearable devices, such as smartwatches, have the capability to call, send and receive text messages, and receive notifications.
Technavio's analysts forecast the wearable electronics market in the US to grow at a CAGR of 69.53% in terms of unit shipment over the period 2014-2019.
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Wearable Electronics Market in US 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. It covers the landscape of the wearable electronics market in the US and its growth prospects in the coming years. The report also includes a discussion on the key vendors operating in this market.
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