Wearable Robotic Exoskeleton Market Size Report 2020, Recent Trends, Share, and Growth forecast to 2027

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The global wearable robotic exoskeleton market size is projected to reach USD 5,700.9 million by 2027, exhibiting a CAGR of 42.6% during the forecast period. Rising utilization of robotic exoskeletons by healthcare facilities around the world is a prominent factor driving this market, shares Fortune Business Insights™ in its report, titled “Wearable Robotic Exoskeleton Market Size, Share & COVID-19 Impact Analysis, By Technology Type (Powered and Passive), By Application (Healthcare, Industrial, Defense & Aerospace and Others) and Regional Forecast, 2020-2027”. In the healthcare industry, wearable robotic exoskeletons are structures designed to aid people suffering from disabilities such as paralysis move their limbs and restore some form of normalcy in their lives. The vast potential of these structures is pushing health facilities worldwide to adopt and utilize them in effective ways.

For example, Ekso Bionics’ Ekso NR is being used by 300 hospitals across the US. The exoskeleton has been engineered to train the muscles and brains of stroke and spinal cord injury patients and enable them to walk and move again without assistance. In Russia in March 2019, doctors in a Southern Russian hospital used ExoChair, an exoskeleton designed to support the pelvic region and lower limbs, to perform a 12-hour-long urological surgery. The widening adoption of robotic exoskeletons in hospitals is, thus, broadening the horizons of this market.

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The unforeseen arrival of the COVID-19 pandemic and its unhindered rampage worldwide has triggered an unprecedented recessionary period for the global economy. Businesses are stumbling due to the sharp economic downturn, with several of them lying devastated. We aim to equip businesses with a quantitative and qualitative impact analysis of the current pandemic on different markets, based on our expertise and experience in Wearable Robotic Exoskeleton Market intelligence.

According to the report, the value of the global market was at USD 336.0 million in 2019. The report answers the following questions:

What are the principal factors influencing the size, share, and overall growth trajectory of the Wearable Robotic Exoskeleton Market?
What are the major challenges facing the market?
How has the market been segmented and how have the segments been analyzed?
Which regions are presenting the most lucrative prospects for the market?
Who are the top market players and what are their predominant strategies?

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Highlights of the Report:

Market Penetration: Comprehensive information on the product portfolios of the top players in the Wearable Robotic Exoskeleton Market.

Product Development/Innovation: Detailed insights on the upcoming technologies, RandD activities, and product launches in the Wearable Robotic Exoskeleton Market

Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the Wearable Robotic Exoskeleton Market

Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies

Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Wearable Robotic Exoskeleton Market

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List of Key Players Covered in the Market for Wearable Robotic Exoskeleton: