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the-latest-research · 22 days ago

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Exoskeleton Market to be Worth $11.90 Billion by 2031

Meticulous Research®—a leading global market research company, published a research report titled, ‘Exoskeleton Market by Product (Soft, Rigid, Hybrid), Power Type (Powered, Passive), Body Type (Complete Body, Upper & Lower Extremities), Mobility (Stationary, Mobile), End-use (Industrial, Healthcare, Military, Others), Geography - Global Forecast to 2031.’

According to this latest publication from Meticulous Research®, the exoskeleton market is projected to reach $11.90 billion by 2031, at a CAGR of 36.8% from 2024 to 2031. The growth of this market is mainly driven by factors such as the growing demand for exoskeletons for orthopedic rehabilitation, the increasing prevalence of stroke and associated disabilities, and growing investments in exoskeletons by the military & defense sectors. In addition, the replacement of conventional prosthetics with exoskeleton technology and the rising adoption of human augmentation technology in manufacturing and other end-use sectors are expected to provide opportunities for market growth. However, stringent government regulations pertaining to medical applications can restrain the growth of the market. High procurement cost associated with exoskeletons and reliability issues poses challenges for the market growth.

The exoskeleton market is segmented by product, power type, body type, mobility, and end-use industry. The study also evaluates industry competitors and analyzes the regional and country-level markets.

Based on product, the exoskeleton market is segmented into rigid exoskeletons, soft exoskeletons, and hybrid exoskeletons. In 2024, the rigid exoskeletons segment is expected to account for the largest share of the global exoskeleton market. The large share of the segment is attributed to the consistent demand for rigid exoskeletons from the military and industrial sectors to enhance the strength and endurance of soldiers and workers.

However, the hybrid exoskeletons segment is expected to grow at the highest CAGR during the forecast period. The rising focus of key players on developing hybrid exoskeletons to offer strong support and ensure maximal freedom of movement and usability is expected to drive the segment’s growth. For instance, in October 2023, Ottobock SE & Co. KGaA (Germany) launched the IX BACK AIR exoskeleton, a new back-support exoskeleton that combines the power of rigid systems with the comfort of soft models.

Based on power type, the exoskeleton market is segmented into powered exoskeletons and passive exoskeletons. In 2024, the powered exoskeletons segment is expected to account for the larger share of the global exoskeleton market. A large share of the segment is attributed to the development of powered exoskeletons to assist with heavy loads in the industrial setting and for specialized applications such as nuclear power plant maintenance, rising usage of powered exoskeletons for medical rehabilitation, recent advancements in power storing technologies and growing adoption of powered exoskeleton in military application. For instance, in January 2021, China revealed a military-use exoskeleton suit that is powered and can provide 20 kilograms of assisted strength to its user, relieve more than 50 percent of the burden, and greatly reduce risks of waist injury.

Moreover, the powered exoskeletons segment is expected to grow at the highest CAGR during the forecast period. The rising focus of players on product development and enhancement is expected to drive the segment’s growth. For instance, in August 2023, German Bionic (Germany) launched the ‘Apogee+’ powered exoskeleton in the North American healthcare market for nursing and care professionals.

Based on body type, the exoskeleton market is segmented into complete body, upper extremities, and lower extremities. In 2024, the lower extremities segment is expected to account for the largest share of the global exoskeleton market. The large share of the segment is attributed to the rising number of cases with lower limb disorders, rising uses of exoskeletons for rehabilitation training in a hospital, walking assistance in daily life, and carrying a load over unstructured terrains such as forests and disaster areas. In addition, the rising focus of players on developing innovative exoskeletons for the improvement of the physical function in the lower limb is expected to drive the segment growth. For instance, In June 2023, Comau (Italy), in collaboration with Esselunga (Italy), developed a new wearable exoskeleton specifically designed to reduce lower back fatigue during lifting and repetitive tasks. Similarly, in March 2021, Astrek Innovations (India) developed a lower limb exoskeleton that can aid patients with walking disabilities.

However, the upper extremities segment is expected to grow at the highest CAGR during the forecast period. Rising use of these exoskeletons in industries for worker safety is expected to drive the segment’s growth. For instance, in July 2023, Auxivo (Switzerland) launched the DeltaSuit, a game-changing product designed to support any worker who needs to work at or above shoulder level throughout the day. It provides a range of benefits, including reduced load on the shoulder and neck muscles and reduced fatigue.

Based on mobility, the exoskeleton market is segmented into mobile exoskeletons and stationary exoskeletons. In 2024, the mobile exoskeletons segment is expected to account for the larger share of the global exoskeleton market. The large share of the segment is attributed to the growing demand for mobile exoskeletons and advancements in exoskeleton technology. In addition, the rising focus of industry players on developing mobile exoskeletons for healthcare rehabilitation is expected to provide opportunities for the segment’s growth. For instance, in September 2021, B-Temia (Canada) launched a brand-new version of its flagship product, Keeogo, to improve the experience of both users and clinicians.

However, the stationary exoskeletons segment is expected to grow at the highest CAGR during the forecast period. Stationary or fixed exoskeletons are primarily used for healthcare and industrial applications, allowing workers to orient heavy material from one position to another. Furthermore, the increasing prevalence of spinal cord injuries and the growing usage of stationary exoskeletons in rehabilitation are expected to drive the segment’s growth. For instance, in June 2023, Bionik Laboratories Corp.(U.S.) expanded its partnership with Lifepoint Health (U.S.) for four new installations of the InMotion® ARM robotic device in Phoenix, Arizona, Sacramento, California, Brownsburg, Indiana, and Louisville, Kentucky, to deliver stroke recovery care.

Based on end-use industry, the exoskeleton market is segmented into healthcare, industrial, military, and other end-use industries. In 2024, the healthcare segment is expected to account for the largest share of the global exoskeleton market. The large share of the segment is attributed to factors such as the rising geriatric population, increasing number of road accidents, severe trauma injuries, rising usage of exoskeletons for rehabilitation, and increasing prevalence of stroke.

Some of the recent developments:

In May 2021 , Ekso Bionics Holdings, Inc. (U.S.) expanded its partnership with Kindred Healthcare LLC. (U.S) to supply its EksoNR to four of Kindred’s long-term, acute-care hospitals in Florida.

In January 2021, suitX (U.S.) launched a novel wearable exoskeleton shield for use by healthcare personnel required to wear heavy anti-radiation aprons. ShieldX removes 100% of the weight of a heavy anti-radiation apron from the user's shoulders and spine.

However, the industrial segment is expected to grow at the highest CAGR during the forecast period. The growth of the segment is driven by the rising adoption of exoskeletons by various industries to help workers perform their tasks more safely and efficiently, reducing the risk of workplace injuries and improving overall worker well-being, and the rising focus of players on product launch and enhancement. For instance, in October 2023, Auxivo (Switzerland), introduced a combined back and shoulder exoskeleton named OmniSuit, which supports users to lift loads from the floor and place them on the highest shelf. According to the company, this makes it a useful solution in a range of industries, including logistics, maintenance, manufacturing, construction, cleaning, and agriculture.

Based on geography, the exoskeleton market is segmented into North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa. In 2024, North America is expected to account for the largest share of the exoskeleton market. The large share of North America is attributed to the availability of well-established infrastructure for technology, higher adoption rate for advanced technologies, increased investment in exoskeleton technology, rising deployment of advanced robotics systems in the military, rising focus on workers’ health and safety, and presence of the majority of established exoskeleton players and start-ups.

Some of the recent developments:

In October 2023, Wandercraft SAS (France) began commercial operations of its exoskeleton, Atalante X, in the U.S.

In October 2022, the U.S. Air Force demonstrated an exoskeleton that will allow aerial porters to load cargo onto aircraft with fewer injuries and less fatigue.

In May 2021, The Air Force Life Cycle Management Center (U.S.) and Air Mobility Command (U.S.) partnered with Arizona State University to develop the Aerial Port Exoskeleton, a new piece of equipment set to be used in an official capacity at Travis Air Force Base.

In July 2020, Hilti North America (U.S.), a technology provider for the commercial construction industry, announced the EXO-O1 wearable exoskeleton.

However, theAsia-Pacificregion is expected to grow at the highest CAGR during the forecast period.The growing geriatric population, along with the increasing prevalence of stroke & spinal cord injuries (SCIs), availability of government grants and funding for the medical and healthcare sectors, and rising adoption of exoskeletons to assist industrial workers who spend long hours working in overhead environments ensures high growth opportunities for the exoskeleton market in the Asia-Pacific region. For instance, in July 2022, Taiyo Koyu Co. Ltd. (Japan) and German Bionic (Germany) entered into a partnership agreement to help logistics companies and warehouse operations create safer and healthier workplaces while simultaneously improving productivity.

Key Players

The key players operating in the exoskeleton market are Lifeward Inc.(Israel), Lockheed Martin Corporation (U.S.), Parker Hannifin Corporation (U.S.), Ekso Bionics Holdings, Inc. (U.S.), Hyundai Motor Company (South Korea), Bionik Laboratories Corp.(U.S.), Myomo, Inc. (U.S.), Honda Motor Co. Ltd. (Japan), Technaid. S.L. (Spain), Gogoa Mobility Robots (Spain), Ottobock SE & Co. KGaA (Germany), Wearable Robotics SRL (Italy), Cyberdyne, Inc. (Japan), Rex Bionics Ltd. (New Zealand), and B-Temia (Canada).

Download Sample Report Here @ https://www.meticulousresearch.com/download-sample-report/cp_id=5010

Key questions answered in the report-

Which are the high-growth market segments based on product, power type, body type, mobility, and end-use industry?

What was the historical market for exoskeletons?

What are the market forecasts and estimates for the period 2024–2031?

What are the major drivers, restraints, and opportunities in the exoskeleton market?

Who are the major players, and what shares do they hold in the exoskeleton market?

What is the competitive landscape like in the exoskeleton market?

What are the recent developments in the exoskeleton market?

What are the different strategies adopted by the major players in the exoskeleton market?

What are the key geographic trends, and which are the high-growth countries?

Who are the local emerging players in the global exoskeleton market, and how do they compete with the other players?

Contact Us: Meticulous Research® Email- [email protected] Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research

#Exoskeleton Market #Powered Exoskeletons #Passive Exoskeletons #Soft Exoskeletons #Hybrid Exoskeleton #Exosuits #Medical Exoskeleton #Ekso exoskeleton #Rewalk Exoskeleton #Military Exoskeleton #Industrial Exoskeleton

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evolutionsvoid · 1 month ago

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Humors are a crucial part of life, with everyone in the land using them in their day-to-day lives. It is all thanks to their versatility, having great use in battle, medicine, construction or even cooking. However, the availability of these humors may vary for people. In some places, one can draw them from the earth in great abundance, or have high quality strains of them on sale. The cities are certainly awash in fluids, gaining them from trade and their connections to the Church of Divine Wealth. Further out, the acquisition of humors may not come from stores, but instead the ground. Mining tunnels, humor wells or even driller ticks may tap into buried sources, or perhaps one is lucky enough to live near pools or streams of the stuff. What gets drawn from these sources tend to be cruder versions, but few people complain when the alternative is having none at all. However, there are some villages that are not so lucky. They find themselves in regions where certain humors are not widely available, and the land provides meager amounts. Not being close to cities means being removed from the regular trade routes. Thus, humors can only be drawn from the body, which is a widely learned technique. But if you want a large amount of it, then one body isn't enough. Villages will have to pool their own humors together if they wish to have a heavy dose a Phlegm for healing and the like. This can certainly be taxing at times if called upon too often. Thankfully, a new option presented itself to these remote villages when traders discovered this untapped market.

Though the journey between these villages may be long, it can easily be worth it when you have an entire town worth of customers to yourself. Various merchant groups saw this potential and decided to create long routes that would hit up these settlements and provide the crucial humors they thirsted for. While some tried to simply gather as much humor they could carry and take it along these routes, they would inevitably run out in the first few towns. With nothing left to sell, the other villages were left high and dry. But, smarter minds prevailed, and realized that these long journeys could actually be perfect for restocking. No need to worry about running out of product if your own body is the factory churning the stuff out. The bile merchants are one of these groups who have learned to let their flesh provide, and thus have become a common, and welcome, sight for these remote folk.

Bile merchants are traders who specialize in the production and selling of Yellow Bile. They have trained their bodies to produce vast quantities of bile, which they siphon off into outside containers. With the right diet and enough time, they can continue to churn out this liquid, meaning they can keep stocked up when traveling between villages. Early in this career, they will sport the iconic large gut that comes from heightened Yellow Bile creation, but over time will find that more is needed. The body requires altering to increase production, to the point where one's legs can no longer support the weight. Thus, many bile merchants are seen rigged up with bone-bile constructs, which help carry them and their product from town to town. In some cases, they replace the limb entirely. With this, they can easily travel the land and provide Yellow Bile to far out towns. Bile merchants accept the usual currency, but know that some places may not carry enough to truly afford their wares. So often bile merchants will accept other goods or services as a form of pay, often times in the form of food. Yellow Bile, like any humor, takes resources from the body to make, thus a proper diet is required. If a town can provide bitter or fatty foods that promote Yellow Bile, then they shall make for a fair trade.

Traveling bile merchants typically carry an emblem on their bone-bile frames to identify the group they belong to, as well as unique additions that serve as their signature. This typically allows other travelers to recognize them and know the territories they serve.

When the war broke out, the trade routes of all merchants were left in disarray. Some were able to hobble along, while others were unable to keep up their efforts with monsters, bandits and battles plaguing their journeys. Bile merchants have certainly been tested by this chaos, and a few had to call it quits. However, there are still a good amount that use the isolation of the wilds as protection against the war, allowing them to quietly make their rounds. Even then, their paranoia and defensiveness has increased. Many travel with guards or bone-bile constructs to protect them from bandits or desperate townsfolk. It is for their own protection, but also for the safety of others at times. Yellow Bile is flammable and can be explosive in large quantities. Rabid customers or thieving bandits may tear something loose or puncture a bile bladder in a struggle and send all parties sky high. One must remember that a peddler of Yellow Bile is also a walking bomb if things go sour.

#merchant #trader #art #drawing #fall of ichor #exosuit

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