Global Exoskeleton Robot Market is Expected to Reach $2.1 Billion by 2021

Date: 2015-09-15

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. 

According to Susan Eustis, principal author of the team that developed the market research study, “Exoskeleton robotic therapy stimulus of upper and lower limbs provides a way for people who cannot walk to be upright and move from a vertical position, a very exciting market development. Examples of the excellent motor recovery after stroke that can be achieved using an exoskeleton.” Lower limb systems and exoskeleton systems provide wheelchair bound patients the ability to get out of a wheelchair.

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. 

Robotics has tremendous ability to reduce disability and lead to 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 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.

Robotic exoskeleton rehabilitation equipment is mostly used in rehabilitation clinical facilities, though there is some effort to build a home market. There is a huge opportunity for launching a homecare equipment market if it is done through sports clubs rather than through clinical facilities. People expect insurance to pay for medical equipment but are willing to spend bundles on sports trainer equipment for the home. Exoskeleton can help stroke patients years after an event, so it makes a difference if someone keeps working to improve their functioning. 

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. 

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