A new report by Research and Markets digs deep into the wearable robots and exoskeletons market.

Per the report, the market was valued at $16.5 million in 2014 and is anticipated to reach $2.1 billion by 2021.

Factors contributing to this growth include, according to the release, that wearable robots and exoskeletons units are evolving additional functionality rapidly, and have the potential to be adapted further for expanded use in healthcare and industry.

Other factors, per the release, include that exoskeletons are poised to play a significant role in warehouse management, ship building, and manufacturing. As well, their usefulness in occupational markets is being established. In addition, existing markets promise to have dramatic and rapid growth.

For more information, visit Research and Markets.

[Source(s): Research and Markets, Business Wire]