Global Exoskeleton Systems Market Fueled by Military Rehabilitation Centers
Albany, NewYork (PRWEB) February 23, 2015 -- ResearchMoz recently added a research study titled “Global Exoskeleton System Market 2015-2019”. According to the research report, the global exoskeleton system market will grow at a CAGR of 72.51% from 2014 to 2019. The report answers questions related to the size which the global exoskeleton system market will attain by the end of the forecast period, the key market trends, challenges to market growth, important vendors in the given market space, strengths and weaknesses of the market and its players, and the threats faced by vendors.
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An exoskeleton is an external skeleton that supports the human body. The global exoskeleton system market derives its inspiration from nature where certain insects have exoskeletons to protect and support them. Perfect examples of insects with exoskeletons are grasshoppers, cockroaches, crabs, lobsters, snails, and clams. Taking a lesson from nature, the global exoskeleton system market offers a combination of human intelligence and machine power to humans with impaired limbs in order to regain strength and move or walk just as they did before.
Today, the global exoskeleton system market finds great encouragement through the healthcare and medical sector that uses these for rehabilitation of patients. Exoskeleton systems assist in rehabilitation through therapy and exercise. Several patients who suffer from hip or knee conditions depend on exoskeleton systems to avert accidents due to slipping. It also assists such patients in walking.
The global exoskeleton system market is growing against the backdrop of its increasing use in the rehabilitation of soldiers in military hospitals and accidents caused in industrial areas.
The important regions in the global exoskeleton systems market are North America, Asia Pacific, the Middle East, and Europe. Despite strong growth drivers, the global market for exoskeleton systems faces a challenge of high price and subsequent unaffordablity. However, if the key players in the global exoskeleton system market focus on trends such as the development of exoskeleton-mounted computer systems for soldiers, they have a high chance of not just earning record-breaking revenues, but also changing the lives of many.
The report on the global exoskeleton system market thrives on its unique selling point of providing motion to those who cannot walk or stand. Some of the key players in the global exoskeleton system market are Cyberdye, ReWalk Robotics, Rex Bionics, Ekso Bionics, Focal Meditech, Honda, Myomo, Parker Hannafin, Raytheon Sarcos, Interactive Motion Technologies, and Lockheed Martin. The report analyzes the business strategies of these companies, tracks their research and development activities, makes an assessment of their marketing and sales strategies, profiles their leaders, and gives a roadmap for their futures along with accurate projections.
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The report is divided into 17 extensive chapters, providing an insight into the milestones of the global exoskeleton system market, product segmentation, geographical segmentation, SWOT analysis of each enterprise and segment, Porter’s five forces analysis, product summaries, and recent developments in the industry.
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