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Sharp Revenue Jump Predicted in Global Exoskeleton Market Between 2020 and 2030

Posté le: Sep-17-2021 | vue (364) fois | Word Count article: 439 |

The global exoskeleton market reached a value of $290.3 million in 2019 and is predicted to generate a revenue of $6,957.9 million in 2030.
According to the estimates of the market research firm, P&S Intelligence, the market would demonstrate a CAGR of 35.9% between 2020 and 2030. The main factors driving the progress of the market are the growing prevalence of strokes and spinal cord injuries (SCIs), the soaring healthcare expenditure, and the surging geriatric population across the globe.

Additionally, the average number of people diagnosed with SCIs in the country is 291,000. According to the organization, individual estimates of SCIs range from 249,000 to 363,000 in the country. Besides this factor, the soaring geriatric population across the globe is also driving the demand for exoskeletons. As per the 2019 World Population Ageing report published by the UN, there were as many as 703 people in the age bracket- 65 years or above in the world in 2019.

Furthermore, the report estimates that the number of geriatric people is predicted to rise to 1.5 billion by 2050. Moreover, the rapidly surging geriatric population is offering lucrative growth opportunities to the players operating in the exoskeleton market. The increasing healthcare expenditure in several countries and the rising utilization of exoskeletons in military and industrial operations are the other major factors propelling the growth of the market around the world.

Report Description:

This is attributed to the surging usage of exoskeletons in the medical domain and the soaring geriatric population in the regional countries. The increasing population of elderly people is fueling the incidence of disability and orthopedic diseases in the region. This is because aging causes reduction in the bone density, which is one of the main reasons behind fragile bones. The high occurrence of fractures is boosting the demand for exoskeletons in the region.

Hence, it is safe to say that the market would register huge expansion all over the world in the future years, mainly because of the growing incidence of orthopedic diseases, SCIs, strokes, and fractures and the surging geriatric population in many countries around the world.

This study covers
• Major factors driving the market and their impact during the short, medium, and long terms
• Market restraints and their impact during the short, medium, and long terms
• Recent trends and evolving opportunities for the market participants
• Historical and the present size of the market segments and understand their comparative future potential
• Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
• Competitive scenario of various market segments across key countries in several regions for uncovering market opportunities for the stakeholders
• Major players operating in the market and their service offerings

Source de l'article : Revenue Jump Predicted in Global Exoskeleton Market Between 2020 and 2030_1076.aspx

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Report Description:

Mots-clés : Exoskeleton Market,

Catégorie : Writing et Parler : Rédaction

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