Market Revenue Exoskeleton Industry Production, Share and Outlook | Page 2

exoskeletons lays in rehabilitation, elderly care service, and support for the nursing staff in hauling up
the patients & other heavy objects. Besides that, as far as the military sector is concerned, the
exoskeleton suits are prepared to raise the weight lifting ability among the soldiers, offer them
endurance and strength for walking longer distances, and to grant them extended combat
capabilities. Exoskeleton has also found its major applications in heavy manufacturing sectors
including ship building and infrastructure projects. The prominent factors that are boosting the
growth of the market include augmented utilization in rehabilitation, assisted living, robust growth of
aging population, and considerable rise of the targeted disease conditions.
It has been predicted that the Exoskeleton Consumption Market will witness a huge growth in the
next couple of years, due to its widening scope and applications across various sectors. Exoskeleton
Consumption Market is segmented on the basis of technology drive system as Pneumatic Actuator,
Hydraulic Actuator, Electric Servo, Electric Actuator, Fully Mechanical, Shape Memory Alloy Actuator,
and Fuel Cell. Among all the segments of drive systems, the segment of electric actuator is accounting
for the largest share in the market, owing to the existence of large number of commercialized
products.Exoskeleton Consumption Market is segmented on the basis of end-user as Healthcare,
Military, and Industrial. Among all the end users, the segment of healthcare is taking up the largest
share in the market due to augmented demand from rehabilitation, assisted living, and elderly care
services across various regions including United States, Canada, Germany, France, and Japan.
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Exoskeleton Consumption Market is segmented on the basis of geographical region as North America,
Asia Pacific, Europe and Rest of the World.As far as the geographical region is concerned, North
America is deemed as the dominant region and it is likely that it will keep on growing with the same
speed until the next few years, the reason being rise in the industrialization, augmented investments,
huge expenditure in the research and development activities, and technological advancements.