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Poised to Profit as Robotic Exoskeletons Go Mainstream

 
ExposingJane
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01/05/2016 01:03 PM
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Poised to Profit as Robotic Exoskeletons Go Mainstream
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Robotic exoskeletons have been a cornerstone of science-fiction movies, ranging from Aliens back in 1986 to Avengers: Age of Ultron earlier this year. While the military is actively developing the technology to help soldiers on the field, many companies are focused on hospitals rather than the battlefield. Robotic exoskeletons have the potential to dramatically improve life for patients suffering from a wide number of injuries.

According to ABI Research, the market for robotic exoskeletons is expected to grow at a 40% clip from $68 million in 2015 to $1.9 billion by 2025. The majority of demand comes from lower body exoskeletons employed as rehabilitation tools, says ABI Research analyst Dan Kara, but the market for the technology remains in its infancy. Looking ahead, the technology could be used for everything from helping workers left to futuristic military applications