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© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Development in service robotics and government initiatives in the R&D of these wearable machines are contributing to the industry growth. For instance, South Korea Ministry of Trade, Industry, and Energy planned 20 pilot projects for 2017 and 2018, which are related to the application of advanced manufacturing robots.  The aim of the organization is to familiarize service robotics in the public sector and prioritize social security, and medical rehabilitation. In addition, the presence of government regulations against improper product marketing and approval from the respective agencies in the U.S. is projected to favor the exoskeleton market growth. Regional Analysis of Exoskeleton Market:

© 2016 Global Market Insights, Inc. USA. All Rights Reserved Application Analysis of Exoskeleton Market:  On the basis of application, the exoskeleton market is segmented into industrial, military, healthcare, commercial, and other. The healthcare exoframes are rapidly adopted in hospitals and rehabilitation centers owing to the increasing applications of these devices in mobility and rehabilitation aids to patients with physical and neurological disorders.  Moreover, the growing penetration of wearable machines in the military segment provides soldiers with mobility augmentation and safety from the external environment, enhancing the military exoskeleton market growth.  Based on the type, the exoskeleton market is segmented into full body, upper body and lower body. Full body exosuits cover arms and legs and provide strength, endurance, and walking assistance to the users. Upper body covers arms and torso providing strength to fingers, wrist, shoulders, and elbow joints. The demand for full body exoframes is increasing owing to the rising need for walking rehabilitation.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Some of the key players in the exoskeleton market include 20 Knots Plus, Bionik Laboratories Corp., Activelink Co., Ltd., CYBERDYNE, Inc., Hocoma, Ekso Bionics, Gogoa, Hyundai Motor UK Ltd., AlterG, B-TEMIA, AxoSuit, ExoAtlet, Exhauss, MedEXO Robotics, Fourier Intelligence, Mitsubishi Heavy Industries, Noonee, Lockheed Martin Corporation, Parker Hannifin Corporation, ReWalk Robotics, and Revision Military. Major players are adopting several strategies to survive and compete in the market.  These players are launching new products, entering mergers and acquisitions, and investing a huge amount of money in R&D activities. In April 2016, Bionik Laboratories acquired Interactive Motion Technologies, Inc. (IMT) to diversify its business. In July 2015, Hocoma introduced Armeo Power, an exoskeleton for the arm and hand rehabilitation for after stroke therapy. Competitive Market Share of Exoskeleton Market:

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