Nephrology & Urology Market Will Reach $31.3 Billion By 2024: Grand View Research, Inc.

 

The global nephrology and urology devices market is expected to reach USD 31.3 billion by 2024, according to a new study by Grand View Research, Inc. The market is driven by technological advancements that are anticipated to serve the market with future growth opportunities. These advancements include inclusion of stem cells, wearable artificial kidneys, combined use of ion-sensitive sensors & electrodes, living membranes, shockwave, and laser lithotripsy.

These technologies serve as efficient methods of renal care, which are capable of improving overall patient health and quality of life. In addition, improved uremic toxin and fluid removal, relatively less hypotension episodes, better control of blood pressure, overall improvement in mineral metabolism, better survival rate, and reduction in hospitalization rates & costs. In addition, these advancements also have a substantial impact on patient’s quality of life through increased volume of dialysate, ultrafiltration capacity, and higher solute clearance.

The unprecedented adoption of unhealthy lifestyle has exerted a major impact on the market, leading to high prevalence of chronic diseases, such as cancer and diabetes, which serve as a contributing factor toward developing kidney and urinary diseases. Moreover, the widening of geriatric population base, which is highly susceptible to developing the aforementioned chronic diseases is expected to impel the demand for highly efficient devices.

Furthermore, increasing geographical presence of major market players is expected to raise the levels of awareness pertaining to advanced technologies available for treatment in emerging economies, thus impelling the market growth throughout the forecast period. In addition, increasing participation in research studies to further improve these devices is expected to propel high scale growth for this market during the forecast period.

Browse full research report on Nephrology & Urology Market: www.grandviewresearch.com/industry-analysis/nephrology-urology-devices-market

Further Key Findings From the Study Suggest:

  • The dialysis devices in the product segment held a dominant share in 2015. This is a consequence of the high clinical urgency to curb the unprecedented growth in renal failure globally. Moreover, easy availability and presence of a wide-scale portfolio in the global market is facilitating a higher penetration of dialysis devices, thus resulting in a higher share
  • In 2015, Europe dominated the overall nephrology and urology devices market with a share of over 40.0%. The increasing number of product approvals by healthcare organizations and presence of large patient volume requiring dialysis across this region are anticipated to be a contributing factor toward substantial share
  • Asia Pacific is anticipated to witness at a lucrative CAGR of over 7.0% during the forecast period. This can be attributed to rising per capita healthcare spending and increasing availability of minimally invasive devices & awareness pertaining to the, amongst patient base present across the region
  • The dominant players are indulging into collaborative strategies and new product development in order to capture a larger share of the market. The increasing number of mergers & acquisitions are believed to strengthen the competitive scenario of nephrology and urology market
  • For instance, in September 2013, Baxter International, Inc. acquired Gambro AB, a dialysis products manufacturer, to facilitate expansion and enhancement of renal therapy product portfolio, in order to gain a competitive advantage over other players

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/medical-devices                    

Grand View Research has segmented the nephrology and urology devices market on the basis of product and region:

Global Nephrology and Urology Devices Product Outlook (Revenue, USD Billion, 2013 – 2024)

  • Dialysis
  • Urinary Stone
    • Ureteral stents
    • Lithotripters
  • Urinary Incontinence & Pelvic Organ Prolapsed
    • Sacral neuromodulation
    • Vaginal meshes & slings
    • Ureteral inserts & pessaries
  • Benign Prostatic Hyperplasia
    • Catheter ablation
    • Prostatic stents
  • Endoscopy
  • Others

Nephrology and Urology Devices Regional Outlook (Revenue, USD Billion, 2013 – 2024)

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
  • Asia Pacific
    • Japan
    • China
    • India
  • Latin America
    • Mexico
    • Brazil
  • MEA
    • South Africa

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-nephrology-urology-devices-market                                                                    

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

 

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Personal Mobility Devices Market Is Projected To Grow Rapidly Due To Rising Incidences Of Rheumatoid Arthritis And Osteoporosis Till 2020

 

Global personal mobility devices market is expected to reach USD 8.0 billion by 2020, according to a new study by Grand View Research, Inc. Increasing geriatric population base and prevalence of target diseases are some key factors expected to drive market growth during the forecast period. Aging heightens the susceptibility of a person towards developing target diseases such as osteoporosis and rheumatoid arthritis.

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Global personal mobility devices market, by product, 2012 – 2020 (USD Million)

Therefore, a growing geriatric population base is expected to widen the patient base for manufacturers. Additionally, presence of supportive government initiatives aimed at strengthening reimbursement frameworks and growing R&D investments for new product development is expected to propel market growth over the next six years.

Browse full research report on Personal Mobility Devices Market: www.grandviewresearch.com/industry-analysis/personal-mobility-devices-market

Further Key Findings From the Study Suggest:

  • Wheelchairs were the largest selling product segment in 2013. Growing demand for powered wheelchairs especially in the developed countries is expected to drive segment growth during the forecast period.
  • Premium rollators are identified as the most lucrative segment of this market. Manufacturers of these rollators capitalize on the unmet needs of patients. Features such as enhanced height, ability to handle heavy weight patients, handle adjustment mechanism are expected to enhance penetration rates. The introduction of specialized devices such as rollators with laser attachment for patients suffering from Parkinson’s is also expected to drive segment growth during the forecast period. These devices are expected to witness a rapid rise in demand in developed markets with patients holding high disposable income and awareness levels.
  • North America was the most matured regional personal mobility devices market in 2013. The region was the largest revenue generating market, accounting for over 35.0% of revenue in the year. Presence of supportive government policies, sophisticated healthcare infrastructure and growing geriatric population base are some factors attributing to its large share.
  • Asia Pacific is expected to grow at a lucrative growth rate during the forecast period. This region, owing to a growing geriatric population base, increasing disposable income and awareness levels is expected to witness a rapid gain in demand over the next six years.
  • Some key players of the personal mobility devices market include Drive Medical Design & Manufacturing, Electric Mobility, Sunrise Medical, Pride mobility, Briggs Healthcare, Kaye Products, Nova, Patterson Medical, Eurovema AB, Graham-Field Health Products Incorporation, Invacare and TOPRO
  • Developing technologically advanced personal mobility devices via extensive R&D investments and entering into strategic alliances with buyers are some key sustainability strategies adopted by these market players.

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/medical-devices                           

Grand View Research has segmented the global personal mobility devices market on the basis of product and region:

Global  Personal Mobility Devices Product Outlook (Revenue, USD Million, 2012 – 2020)

  • Wheelchairs
    • Manual
    • Power
  • Scooters
  • Mobility aids
    • Rollators
      • Low cost
      • Premium
    • Other Walking aids (canes, crutches, walkers)

Personal Mobility Devices Regional Outlook (Revenue, USD Billion, 2012 – 2020)

  • North America
    • U.S.
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Austria
    • Switzerland
  • Asia Pacific
    • Japan
  • RoW

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-personal-mobility-devices-market                                                               

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

 

Medical Oxygen Concentrators Market Is Witnessing Significant Growth Due To Medical Oxygen Concentrators Market Till 2025

 

Global Medical Oxygen Concentrators Market is expected to reach USD 2.10 billion by 2022, according to a new study by Grand View Research, Inc. Increasing geriatric population with lower immunity levels prone to various medical conditions such as COPD and other respiratory disorders is expected to remain a key factor driving the medical oxygen concentrators market over the forecast period. Presence of favorable government initiatives including the presence of advisory circulars pertaining to the usage of portable oxygen concentrators which meet the applicable FAA requirements is also expected to drive market growth. Growing healthcare expenditure levels triggering the demand for home healthcare is likely to boost the demand for portable devices.

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Medical oxygen concentrators market, by application, 2012 – 2022 (USD Million)

Home care services were the largest application segment in 2014. Key factors attributing to its large share include the rising demand for home oxygen concentrators that help with shortness of breath and increasing prevalence of COPD. Non home care services are also expected to witness lucrative growth over the forecast period majorly owing to, the ever increasing procedure volume in non home health care settings.

Browse full research report on Medical Oxygen Concentrators Market: www.grandviewresearch.com/industry-analysis/medical-oxygen-concentrators-market                                                                                                     

Further Key Findings From the Study Suggest:

  • Continuous flow technology based devices were the most revenue generating segment in 2014. Key factors attributing to its market dominance include the product’s ability to supply pure oxygen to users with improved battery power in all circumstances.
  • Portable oxygen concentrators are expected to witness lucrative growth of over 13.0% during the forecast period. Factors such as increasing geriatric population, rising prevalence of respiratory diseases, and features such as light weightiness and user friendliness are expected to ensure expedited segment growth.
  • Fixed medical oxygen concentrators dominated the overall market, valued at over USD 400.0 million in 2014. High usage rates associated with the product, especially in non home healthcare settings is a key factor accounting to the segment’s market position.
  • North America touted the highest market penetration rates in 2014. Presence of sophisticated healthcare infrastructure and favorable reimbursement policies is expected to drive regional market over the forecast period.
  • Asia Pacific is identified as the fastest growing oxygen concentrators market. High growth opportunities available in the emerging markets of India and China coupled with rapidly growing disease prevalence levels are some factors expected to drive regional market over the forecast period.
  • Key players operating in the medical oxygen concentrators market include Teijin Limited, Invacare Corporation, Devilbiss Healthcare, AirSep Corporation, Inova Labs, Philips Healthcare, Nidek Medical Products, Inogen Inc., O2 Concepts and Covidien Ltd.,

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/medical-devices                           

Grand View Research has segmented the medical oxygen concentrators market on the basis of product, application, technology and region:

Global Medical Oxygen Concentrators Product Outlook (Revenue, USD Million, 2012 – 2022)

  • Portable oxygen concentrators
  • Fixed  oxygen concentrators

Global Medical Oxygen Concentrators Application Outlook (Revenue, USD Million, 2012 – 2022)

  • Home care
  • Non home care

Global Medical Oxygen Concentrators Technology Outlook (Revenue, USD Million, 2012 – 2022

  • Continuous flow
  • Pulse dose

Medical Oxygen Concentrators Regional Outlook (Revenue, USD Million, 2012 – 2022)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
  • Asia Pacific
    • China
    • Japan
  • MEA
    • South Africa
  • Latin America
    • Brazil

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-medical-oxygen-concentrators-market                                                           

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

 

Super Resolution Microscopes Market Is Projected To Grow Rapidly Due To Growing Demand For Nanotechnology Till 2022.

 

super resolution microscopes market is expected to reach USD 4.8 billion by 2022, according to a new study by Grand View Research Inc. Increasing corporate funding and government support for microscopy, growing demand for nanotechnology and technological advancements are expected to serve this market as high impact rendering drivers. Fluorescence imaging using conventional microscopy has encountered various advances in approximately all the limiting factors from speed to sensitivity. Super resolution microscopes have enabled researchers to visualize uniquely the desired molecular species in three dimensions, cellular environment and also in the live cells.

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Global super resolution microscopes market, by product, 2012 – 2022 (USD Million)

Life science dominated the application segment of the super resolution microscopes market in terms of share in 2014. Super resolution microscopes are considered to be viable external substitutes of electron microscopes as they enable researchers to accurately image biological specimens. Increasing research and development pertaining to the fields of neurology and cell biology is expected to further fuel the growth of this market. Nanotechnology is expected to gain significant market share in the recent years due to the increasing requirement of industrial microscopes with the growing usage of smart phones and electronic components around the globe.

Browse full research report on Super Resolution Microscopes Market: www.grandviewresearch.com/industry-analysis/super-resolution-microscopes-industry                                                                                                    

Further Key Findings From the Study Suggest:

  • STED microscopes are identified as the most lucrative sub-segment of the market. The fact that STED microscopes use de-convolution techniques rather than mathematics based principles for image capturing is the most important driver of this market.
  • The PALM and STORM product segments accounted for a significant market share in 2014. Live three-dimensional imaging with 3 to 6 color imaging patterns are expected to gain usage rate over the forecast period.
  • North America was the most revenue generating region of the market. The market contributed more than 35.0% of the revenue in 2014. Increasing number of funding programs and growing research and development expenditure in the developed North American economies especially the U.S. is expected to drive regional market growth over the forecast period.
  • Asia Pacific is expected to spearhead future market growth. Growing interest of photonics companies and venture capitalists in the field of electronics and life sciences, in order to achieve alternate financing is the most vital growth driver of this market.
  • Key players of the super resolution microscopes market include Leica Microsystems, Olympus Corporation, Nikon Corporation, Carl Zeiss and Hitachi High Technologies Corporation.

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/medical-devices                            

Grand View Research has segmented the global super resolution microscopes market on the basis of product, application and region:

Super Resolution Microscopes Product Outlook (Revenue, USD Million, 2012 – 2022)

  • Stimulated Emission Depletion Microscopy (STED)
  • Structured-Illumination Microscopy (SSIM)
  • Stochastic Optical Reconstruction Microscopy (STORM)
  • Fluorescence Photoactivation Localization Microscopy   (FPALM)
  • Photoactivated Localization Microscopy (PALM)

Super Resolution Microscopes Application Outlook (Revenue, USD Million, 2012 – 2022)

  • Nanotechnology
  • Life Science
  • Research labs and Academia
  • Semi Conductor

Super Resolution Microscopes Regional Outlook (Revenue, USD Million, 2012 – 2022)

    • North America
      • U.S.
      • Canada
    • Europe
      • Germany
      • France
      • Spain
    • Asia Pacific
      • Japan
      • China
    • Latin America
      • Brazil
      • Mexico
    • Middle East and Africa (MEA)
      • South Africa

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/super-resolution-microscopes-market                                                          

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

 

Intraoperative Imaging Market Boosting Due To Rising applications of intraoperative imaging in neurosurgeries and orthopedic surgeries Till 2025.

 

The global intraoperative imaging market is expected to reach USD 4.2 billion by 2025, according to a new report by Grand View Research, Inc. Rising demand for minimally invasive surgeries is a major factor projected to propel growth during the forecast period. The popularity of minimally invasive surgery is rising because it is does not require major incisions, which results in reduced scarring, less pain, shorter hospital stay, and faster recovery. Various advanced intraoperative imaging devices such as Mobile C-arms, Computed Tomography (CT), Intraoperative Magnetic Resonance Imaging (iMRI), and ultrasound devices are widely used for minimally invasive surgeries.

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U.S. intraoperative imaging market by product, 2014 – 2025 (USD million)

Technological advancement is another major factor supporting market growth. Vendors are focusing on development of innovative and advanced products to cater to the unmet needs of surgeons. Advanced technologies such as iMRI provide high-quality imaging and higher precision during surgery. For instance, VISIUS iMRI delivers high-quality images and real-time data during surgical procedures.

Browse full research report on Intraoperative Imaging Market: www.grandviewresearch.com/industry-analysis/intraoperative-imaging-market

Further Key Findings From the Study Suggest:

  • Intraoperative CT systems segment was the largest revenue-grossing segment of the overall market in 2016, due to high application of these systems in image-guided neurosurgery & orthopedic surgery
  • The iMRI systems segment is expected to exhibit highest growth during the forecast period owing to technological advancements and growing popularity of these systems for critical surgeries
  • In the application segment, neurosurgery accounted for the largest share in 2016 and is projected to maintain its dominance throughout the forecast period
  • Hospitals dominated the market in terms of revenue in 2016 because they accounted for the highest number of surgical procedures
  • The North American region held the highest revenue share in 2016 and is expected to maintain its dominance during the study period due to its well-developed healthcare infrastructure.
  • The Asia Pacific intraoperative imaging market is expected to grow at the highest CAGR during the forecast period because of rising disposable income, developing healthcare facilities, and increasing prevalence of neurological & orthopedic disorders.
  • Some of the major players are GE Healthcare, Koninklijke Philips N.V., Siemens Healthineers, Medtronic, Ziehm Imaging GmbH, IMRIS, Deerfield Imaging, Shimadzu Corporation, Brainlab AG, and NeuroLogica Corp.

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/medical-devices                          

Grand View Research has segmented the global intraoperative imaging market on the basis of product, application, end-use, and region:

Intraoperative Imaging Product Outlook (Revenue, USD Million; 2014 – 2025)

  • iCT systems
  • Intraoperative ultrasound systems
  • iMRI systems
  • C-arms systems

Intraoperative Imaging Application Outlook (Revenue, USD Million; 2014 – 2025)

  • Neurosurgery
  • Orthopedic surgery
  • ENT surgery
  • Oncology surgery
  • Others

Intraoperative Imaging End-use Outlook (Revenue, USD Million; 2014 – 2025)

  • Hospitals
  • Others

Intraoperative Imaging Regional Outlook (Revenue, USD Million; 2014 – 2025)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
  • Asia Pacific
    • Japan
    • China
    • India
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • South Africa

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-intraoperative-imaging-market                                                        

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

 

Boosting Demand Of Nebulizer Market Due To Increasing Demand For Home Healthcare Devices Till 2025.

 

The global nebulizer market is anticipated to reach USD 1.3 billion by 2025, according to a new report by Grand View Research, Inc. Rising incidence of chronic respiratory diseases across the world, increasing demand for home healthcare devices, and growing geriatric population are among the key factors driving growth.

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Rising incidence of chronic respiratory diseases is the vital impact rendering driver for market growth. According to the Global Burden of Disease Study, an estimated 251 million people worldwide were suffering from chronic obstructive pulmonary disease (COPD) in 2016. In addition, as per WHO (2017), there were around 3.17 million deaths due to COPD in 2015. Initiatives such as the “Global Alliance Against Chronic Respiratory Diseases” are also likely to improve diagnosis and treatment rates of respiratory disorders. This initiative is aimed at preventing and controlling chronic respiratory diseases by improving the diagnosis and medical care across the globe. Such factors are bound to increase the demand for nebulizers, which in turn may bolster the growth rate over the forecast period.

In addition, home healthcare devices have been gaining popularity and revenue share in recent years. Miniaturization of products and technological advancements are boosting the adoption of home healthcare devices. Furthermore, growing geriatric population, high incidence of target diseases, and growing need to curb healthcare expenditure are expected to be some of the high-impact rendering drivers for home healthcare devices. Such factors are also expected to favorably contribute to market growth.

Browse full research report on Nebulizer Market: www.grandviewresearch.com/industry-analysis/nebulizers-market                  

Further Key Findings From the Study Suggest:

  • Pneumatic nebulizer accounted for the largest share, in 2016. High prevalence of respiratory disorders in aging population have contributed towards the dominant share commanded by these devices.
  • Mesh nebulizer is anticipated to be the fastest growing segment over the forecast period. Technological advancements in these devices is expected to propel growth. For instance nebulizers with vibrating mesh can generate therapeutic aerosols with increased efficiency, low residual volumes, fine particle fractions, and capability of nebulizing microliter volumes.
  • Asia Pacific is expected to grow with the highest CAGR over the forecast period. Large population base in this region, rising geriatric population, and growing incidence of respiratory disorders are likely to bolster the market.
  • Some of the major players include Omron Corporation, Koninklijke Philips N.V., PARI Pharma, Allied Healthcare Products, Inc., Becton, Dickinson and Company, Agilent Technologies, Medline Industries, Inc., Briggs Healthcare, Drive Medical, and GF Health Products, Inc.

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/medical-devices                             

Grand View Research has segmented the global nebulizer market report on the basis of product, and region:

Nebulizer Product Outlook Revenue (USD Million, 2014 – 2025)

  • Pneumatic
  • Ultrasonic
  • Mesh

Nebulizer Product Outlook Volume (Units, 2014 – 2025)

  • Pneumatic
  • Ultrasonic
  • Mesh

Nebulizer Regional Outlook (2014 – 2025)

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
  • Asia Pacific
    • Japan
    • China
    • India
  • Latin America
    • Brazil
    • Mexico
  • Middle East and Africa (MEA)
    • South Africa

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-nebulizers-market                                                      

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com

 

Boosting Demand Of Exoskeleton Market Due To Increasing Prevalence Of Strokes & Spinal Cord Injuries Leading To Disabilities Till 2025.

 

The global exoskeleton market is expected to reach USD 3.3 billion by 2025, according to a new report published by Grand View Research. Key factors driving the market expansion include the increasing number of U.S. FDA products, growing demand for exoskeletons in rehabilitation, assisted walking, military applications, and industrial applications.

The market is evolving rapidly due to the increasing adoption of exoskeleton technology in the developed regions. The growing geriatric population coupled with increasing number of people suffering with paraplegia, tetraplegia, and other spinal cord injuries are major factors boosting the usage rates of exoskeletons.

exoskeleton-market.png

The exoskeleton market has gained high momentum after the launch of products such as ReWalk bionic suit, Ekso GT exoskeleton. Moreover, with the U.S. FDA approving the Parker Indego, commercialization of exoskeleton devices is expected to increase significantly over the next few years.

In the U.S., the Defense Advanced Research Projects Agency (DARPA), National Aeronautics and Space Administration (NASA), and National Institute of Health (NIH) have significantly contributed toward technology development, research funding, and commercialization of these devices.

  • For instance, in 2014, Ekso Bionics received a P20 Exploratory Grant from the NIH to continue the development of an exoskeleton prototype for children.
  • In October, 2015, Parker Hannifin Corporation announced that it had agreed to supply Indego exoskeleton for a 4-year multicenter study for the Department of Defense, which was funded by the U.S. Department of Defense and the Congressionally Directed Medical Research Programs.

In the EU, the Robo-Mate project, which comprises of 12 partners from 7 European nations, has received a total funding of Euro 4.5 million by the 7th Framework Program for Research and Technological Development of the European Union. Furthermore, classification of Cyberdyne HAL exoskeleton as medical device in the EU and Japan has reinforced the growth prospects and improved the reimbursement scenario.

Browse full research report on Exoskeleton Market: www.grandviewresearch.com/industry-analysis/exoskeleton-market       

Further key findings from the report suggest:

  • The data published by the International Federation of Robotics suggests that in 2014, nearly 272 exoskeletons were sold commercially, and this number is anticipated to grow rapidly over the next few years.
  • In 2015, the healthcare segment accounted for the maximum revenue share of 54.1%. The use of exoskeletons for rehabilitation and assisted living services is a key factor driving the segments growth. However, the industrial segment is expected to emerge as the fastest growing with a high CAGR of 58.8%. Increasing age of workforce coupled with growing healthcare disorders are expected to boost the use of automation and drive the sales of exoskeletons over the forecast period.
  • In 2015, North America was a clear leader with a revenue share of 49.8%. The research on exoskeletons was primarily initiated with the USD 50 million funding received from DARPA, and subsequent grants from NIH and NASA have contributed to the development of a strong ecosystem for the proliferation of exoskeleton technology. Moreover, the U.S. Department of Veteran Affairs had issued a national coverage policy for ReWalk robotic exoskeleton systems for eligible veterans with spinal cord injury. This policy is expected to significantly benefit the veterans and propel the usage rates over the forecast period
  • Asia Pacific is expected to emerge as the fastest growing region with a CAGR of 57.4% during the forecast period. The growing geriatric population in Japan and China, increase in the spinal cord injuries, and growing industrialization in this region are expected promote the utilization of exoskeletons for healthcare and industrial applications.
  • The exoskeleton market is presently dominated by few key participants such as ReWalk, Ekso Bionics, Cyberdyne, and Lockheed Martin. Some of the new players include Rex Bionics, Hocoma, Panasonic- ActiveLink and Parker Hannifin Corporation. Introduction of low cost exoskeletons is expected to increase the competition and is also expected to benefit several patients over the forecast period

Browse more reports of this category by Grand View Research: www.grandviewresearch.com/industry/medical-devices                               

Grand View Research has segmented the exoskeleton market by type, technology, end use, and region:

Exoskeleton Market Technology (Type) Outlook (Market revenue in USD Million, 2013 – 2025)

  • Mobile Exoskeleton
  • Stationary Exoskeleton

Exoskeleton Mobile Technology Market Outlook (Market Revenue in USD Million, 2013 – 2025)

  • Active
  • Passive

Exoskeleton Stationary Technology Outlook (Market Revenue in USD Million, 2013 – 2025)

  • Active
  • Passive

Exoskeleton Market Technology (Drive System) Outlook (Market Revenue in USD Million, 2013 – 2025)

  • Pneumatic Actuator
  • Hydraulic
  • Electric Servo
  • Electric Actuator
  • Fully Mechanical
  • Shape Memory Alloy Actuator

Exoskeleton Market End-User Outlook (Market Revenue in USD Million, 2013 – 2025)

  • Healthcare
  • Military
  • Industrial

Exoskeleton Market Regional Outlook (Market Revenue in USD Million, 2013 – 2025)

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Switzerland
  • Asia Pacific
    • Japan
    • China
  • Latin America
    • Brazil
    • Mexico
  • Middle East and Africa
    • South Africa

Access Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-exoskeleton-market                                                    

About Grand View Research:

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: www.grandviewresearch.com