Wearable exoskeletons are mobile machines that are powered using electric motors, hydraulics, levers, and pneumatics, which underpin the body movement with endurance and enhanced strength. Wearable exoskeletons can ensure the overall health of a patient and assist them in the restoration of their motor controls.

Sales of wearable exoskeletons reached a value of US$ 90 Mn in 2017 and are estimated to grow incessantly in the forthcoming years. With the increased dissemination of information apropos of their medical applications, numerous hospitals and therapists have begun capitalizing on the technology to stay at the top of the survival game in the healthcare vicinity. This has further expanded the scope of wearable exoskeletons in the healthcare industry to help the nurses lift patients and carry them. Elderly care and rehab centers are some of the surplus areas where wearable exoskeletons find emerging applications, which will further add value to the growing size of the wearable exoskeletons market in the upcoming years.

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Wearable Exoskeletons Market – Novel Developments

Recognizing the rising popularity of the units, manufacturers of the wearable exoskeletons have been striving to enhance the functionalities of their products to increase their desirability among the end-users. This has fueled the trends of hefty investments in the research and development activities. As a part of the expansion, strategic mergers and acquisitions, productive collaborations, and partnerships are witnessed in the wearable exoskeletons market.