Huge Growth Expected In Exoskeleton Market In Future

By Author: Pramod Kumar
Total Articles: 97
Comment this article

With the rising incidence of spinal cord injuries (SCIs) and strokes, the demand for exoskeletons is increasing rapidly across the world. In various healthcare facilities such as rehabilitation centers, exoskeletons are increasingly being used for helping patients suffering from paralysis and SCIs walk and perform daily activities and tasks again. As per the National Spinal Cord Injury Statistical Center (NSCISC), in the U.S., in 2019, there were around 54 individuals out of every 1 million people suffering from SCIs.

Receive Sample Copy of this Report: https://www.psmarketresearch.com/market-analysis/exoskeleton-market-forecast/report-sample

As per the 2019 World Population Ageing report published by the UN, the population of people in the age bracket 65 years or above was 703 million in 2019. Moreover, the population of such persons is predicted to grow to 1.5 billion by 2050. These systems provide support and physical strength to geriatric people and help them perform daily tasks. Besides these factors, the soaring healthcare expenditure in various countries is also boosting the demand for exoskeletons.

Make ...
... an Enquiry before Purchase: https://www.psmarketresearch.com/send-enquiry?enquiry-url=exoskeleton-market-forecast

Globally, the exoskeleton market will exhibit the highest growth rate in the Asia-Pacific (APAC) region in the upcoming years, as per the estimates of P&S Intelligence, a market research company based in India. This is credited to the soaring sales of exoskeletons, on account of their mushrooming usage in the medical industry and the rising incidence of orthopedic diseases and disability, due to the increasing geriatric population in the region.

Hence, it can be safely concluded that the sales of exoskeletons would skyrocket throughout the world in the forthcoming years, mainly because of the rising prevalence of orthopedic diseases, strokes, and spinal cord injuries around the world.

Pramod has around 7 years of experience in market research and consulting services for healthcare industry. He holds varied experience in market sizing and forecasting with varied models, competition landscape, consumer behavior analysis, opportunity analysis, product/company benchmarking, data mining and others. He has successfully delivered multiple projects on go-to-market strategies, pricing strategy, price point analysis, Business Expansion, market entry and exit, share analysis and others. Prior to joining P&S Intelligence, he worked with different research companies, including Transparency Market Research and MarketsandMarkets Pvt Ltd. Some of the projects delivered by him include Scar Treatment Market, Skin Replacement and Substitutes Market, and Energy-Based Aesthetic Devices Market.