Wearable Robots, Exoskeleton: Market Shares, Strategies, and Forecasts, Worldwide, 2015-2021

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Oct 29, 2015, 06:19 ET

LONDON, Oct. 29, 2015 /PRNewswire/ -- Wearable robots, exoskeletons units are evolving additional functionality rapidly. Wearable robots functionality is used to assist to personal mobility via exoskeleton robots. They promote upright walking and relearning of lost functions. Exoskeletons are helping older people move after a stroke. Exoskeleton s deliver higher quality rehabilitation, provide the base for a growth strategy for clinical facilities. Exoskeletons support occupational heavy lifting. Exoskeletons are poised to play a significant role in warehouse management, ship building, and manufacturing. Usefulness in occupational markets is being established. Emerging markets promise to have dramatic and rapid growth. Industrial workers and warfighters can perform at a higher level when wearing an exoskeleton. Exoskeletons can enable paraplegics to walk again. Devices have the potential to be adapted further for expanded use in healthcare and industry. Elderly people benefit from powered human augmentation technology. Robots assist wearers with walking and lifting activities, improving the health and quality of life for aging populations.

Exoskeletons are being developed in the U.S., China, Korea, Japan, and Europe. They are useful in medical markets. They are generally intended for logistical and engineering purposes, due to their short range and short battery life. Most exoskeletons can operate independently for several hours. Chinese manufacturers express hope that upgrades to exoskeletons extending the battery life could make them suitable for frontline infantry in difficult environments, including mountainous terrain. Robotics has tremendous ability to support work tasks and reduce disability. Disability treatment with sophisticated exoskeletons is anticipated to providing better outcomes for patients with paralysis due to traumatic injury. With the use of exoskeletons, patient recovery of function is subtle or non existent, but getting patients able to walk and move around is of substantial benefit, People using exoskeleton robots are able to make continued progress in regaining functionality even years after an injury. Rehabilitation robotic technologies developed in the areas of stroke rehabilitation and SCI represent therapeutic interventions with utility at varying points of the continuum of care. Exoskeletons are a related technology, but provide dramatic support for walking for people who simply cannot walk.

Parker Hannifin Indego intends to include functional electrical stimulation. It accelerates recovery of therapy in every dimension. Implementation in these kinds of devices is a compelling use of the electrical stimulation technology. It is a question of cost. The insurance will only pay for a small amount of exoskeleton rehabilitation. More marketing will have a tremendous effect in convincing people that they can achieve improvements even after years of effort. Rehabilitation robotics includes development of devices for assisting performance of sensorimotor functions. Devices help arm, hand, leg rehabilitation by supporting repetitive motion that builds neurological pathways to support use of the muscles. Development of different schemes for assisting therapeutic training is innovative. Assessment with sensorimotor performance helps patients move parts of the body that have been damaged.

Exoskeletons are used mainly as therapy aids in this manner, highly targeted, highly specific as to how much movement is supported at any one time. Learning how to walk for a wheelchair bound patient or relearning of lost functions in a patient depends on stimulation of desire to conquer the disability. Effective tools help incent desire of the patient to get better. Initially when a market is just developing and it is going through the early adopter phase, penetration analysis is an appropriate balance to growth %. The penetration analysis for wearable robots is still too small to be useful but it is useful to bear in mind that there is tremendous upside to this market. Wearable Robots, Exoskeletons at $16.5 million in 2014 are anticipated to reach $2.1 billion by 2021. New technology from a range of vendors provide multiple designs actually work. This bodes well for market development. WinterGreen Research is an independent research organization funded by the sale of market research studies all over the world and by the implementation of ROI models that are used to calculate the total cost of ownership of equipment, services, and software. The company has 35 distributors worldwide, including Global Information Info Shop, Market Research.com, Research and Markets, electronics.ca, and Thompson Financial. WinterGreen Research is positioned to help customers facing challenges that define the modern enterprises. The increasingly global nature of science, technology and engineering is a reflection of the implementation of the globally integrated enterprise. Customers trust wintergreen research to work alongside them to ensure the success of the participation in a particular market segment. WinterGreen Research supports various market segment programs; provides trusted technical services to the marketing departments. It carries out accurate market share and forecast analysis services for a range of commercial and government customers globally. These are all vital market research support solutions requiring trust and integrity.

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