According to a new market report on the global exoskeleton robots market from Technavio Research, three trends are emerging that are predicted to impact market growth through 2020.

These trends are: the rise in the use of exoskeletons for military and industrial applications, the acceptance of insurance coverage for exoskeletons in the United States, and the entrance of automobile manufacturers into the exoskeleton market, according to a media release from Technavio Research.

The report highlights the United States Department of Veterans Affairs’ inclusion of the ReWalk Robotics exoskeleton into the insurance coverage for paralyzed veterans, which began in 2015. Technavio predicts that other vendors and insurance companies may follow the VA’s lead and include similar initiatives into their coverage during the forecast period, per the release.

For more information, visit Technavio Research.

[Source(s): Technavio Research, Business Wire]