Growing Prevalence Of Spinal Cord Injuries Driving Sales Of Exoskeletons

By Author: Pramod Kumar
Total Articles: 97
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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.

Furthermore, the organization reported that nearly 17,730 new cases of SCIs are diagnosed in the country every year. According to the organization, on an average, as many as 291,000 people suffer from SCIs in the U.S., with individual estimates falling in the range of 249,000—363,000. This is fueling the sales of exoskeletons in the U.S. The surging geriatric population all over the world is another major factor propelling the demand for exoskeletons.

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.

This is pushing up the sales of exoskeletons, which is, in turn, causing the expansion of the global exoskeleton market.

Report Description: https://www.psmarketresearch.com/market-analysis/exoskeleton-market-forecast

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.