Exoskeleton Market

The exoskeleton market is primarily driven by increasing investment in the development of advanced exoskeleton, rising number of spinal cord injuries, expanding geriatric population, and adoption across multiple industry verticals. An exoskeleton assists the user by amplifying or augmenting human actions for improved performance and support. The adoption of exoskeleton in healthcare sector has witnessed significant growth in last few years owing to improved assistance offered by exoskeleton in rehabilitation of patients with spinal injuries and physiological injuries.

The exoskeletons are gaining momentum in the military & defense industry for lifting heavy objects, assisting injured soldiers, and in performing other heavy activities. The construction and industrial applications of exoskeleton are anticipated to witness significant growth in coming years due to adoption of exoskeleton for increasing efficiency and enhancing filed safety of workers. As a result of these factors, the global exoskeleton market is anticipated to exhibit prominent growth during the forecast period.

North America contributed the largest share to the global exoskeleton market in 2019 owing to focused research & development supported by investment from public and private organizations. Increasing incidences of spinal injuries, strokes, road accidents, expanding geriatric population, and presence of key technology developers are anticipated to contribute towards the growth of exoskeleton market in North America during the forecast period. Asia Pacific is anticipated to be the most lucrative market during the forecast period owing to increasing adoption of exoskeleton, dedicated investment to strengthen the healthcare infrastructure, and emergence of local exoskeleton manufacturers in China, Japan, India, and South Korea.

The report titled “Exoskeleton Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032” wherein 2021 is historic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global exoskeleton market. The report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.

The global exoskeleton market is segmented based on component, type, mobility, drive type, body part, end user, and geography. Based on component, the global exoskeleton market is segmented into hardware, and software. The hardware is sub-segmented into sensor, actuator, power source, controller, and others. Based on type, the global exoskeleton market is segmented into active and passive exoskeleton. Based on mobility, the global exoskeleton market is segmented into stationary exoskeleton, and mobile exoskeleton. Based on drive type, the global exoskeleton market is segmented into pneumatic actuator, hydraulic actuator, electric servo, electric actuator, fully mechanical, and shape memory alloy actuator. Based on end user, the global exoskeleton market is segmented into healthcare, industrial, military & defense, and others. Based on geography, the global exoskeleton market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment, and would identify the segment of the company focusing on exoskeleton equipment and technology. Further, market share of prominent companies in the global exoskeleton market would also be estimated. The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, SWOT analysis, and research and development focus of all the exoskeleton device manufacturing companies and technology providers. Furthermore, the global exoskeleton market study would take into consideration the participants engaged throughout the ecosystem of the market, along with their contribution. The product portfolio would focus on all the products under the exoskeleton business segment of the company. Similarly, the recent development section would focus on the developments of companies such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion.

Major players active in the global exoskeleton market include ATOUN Inc., BIONIK, B-Temia Inc, Cyberdyne Inc., Daiya Industry Co., Ltd., DIH Technologies, Ekso Bionics Holdings Inc., Exhauss, Focal Meditech BV, Fourier Intelligence Co.,Ltd., GOBIO, GOGOA Mobility Robots, Honda Motor Company, Ltd., Hyundai Motor Company, Lockheed Martin Corporation, Meditouch, Mitsubishi Heavy Industries, Ltd, Myomo Inc., OTTOBOCK, P&S Mechanics Co., Ltd., Parker-Hannifin Corporation, ReWalk Robotics, Rex Bionics Ltd, US Bionics, Inc. (suitX), and Wandercraft. 

The Global Exoskeleton Market Is Segmented As Below:

Based On Component

• Hardware
• Software

Based On Type

• Active 
• Passive Exoskeleton

Based On Mobility

• Stationary Exoskeleton
• Mobile Exoskeleton

Based On Drive Type

• Pneumatic Actuator
• Hydraulic Actuator
• Electric Servo
• Electric Actuator
• Fully Mechanical
• Shape Memory Alloy Actuator

Based On End User

• Healthcare
• Industrial
• Military & Defense
• Others