The global exoskeleton market to reach USD 7.93 Billion by 2028 at a CAGR of 43.4%, according to the latest report by Reports and Data. Rising number of body movement disorders like Parkinson’s, strokes, paralysis, spinal cord disorders, is a major factor expected to drive market revenue growth over the forecast period. In addition, growing health awareness, advancement in healthcare industry, innovation in technology, and growth in Artificial Intelligence (AI) and robotics, are some of the factors contributing to the market revenue growth. Increasing demand and adoption of exoskeletons from non-healthcare industries like military defense, is further drives the market growth.

Exoskeletons are externally wearable, electromechanical devices which provides support to human body. They are used to accelerate, and strengthen body movements. Growing demand of customized exoskeletons according to the patient’s requirements also propel market growth. Exoskeletons are extremely useful for the patients with disabilities, paralysis, severe neurological conditions, and complex mobility issues. Increasing production of innovative exoskeletons used in various industries, is one of the key factors expected to boost market revenue growth over the forecast period.

Top Companies Profiled in the Report Include:

 Ekso Bionics, Cyberdyne, REX Bionics, and Suit X., ReWalk Robotics Ltd., Lockheed Martin Corporation, Parker Hannifin Corporation, Hyundai Motor Company, Bionik Laboratories Corporation, Myomo, Inc., Technaid. S.L., Gogoa Mobility Robots SL, Otto Bock HealthCare GmbH, Wearable Robotics SRL, DIH Technologies Corporation, B-Temia Inc., ATOUN Inc., Hocoma, Wandercraft, Revision Military, and Honda Motor Co. Ltd.

Market Overview:

The pharma and healthcare industry has undergone a revolutionary change owing to the COVID-19 pandemic with individuals increasing their focus on health and wellness. Companies operating in the industry have invested heavily in clinical trials and research studies to develop medications to cater to the growing unmet clinical demand on a global level. Implementation of cutting-edge technology in healthcare sector and increasing investment in research and development have contributed significantly to revenue growth of the market in the recent past. In addition, availability of favorable health insurance and reimbursement policies have also positively impacted the healthcare sector with more and more individuals opting to get treatment at hospital and clinical facilities. Rapid development of novel drugs and pharmaceuticals, increasing incidence of lifestyle and chronic diseases, establishment of state-of-the-art healthcare facilities, and rising availability of over-the-counter medications have significantly contributed to the revenue growth of the market.  

The report offers a comprehensive overview of the regional bifurcation of the market with respect to market share, market size, revenue growth, import/export, production and consumption patterns, macro and micro economic growth factors, regulatory framework, investment and funding opportunities, and presence of key players in each region including North America, Asia Pacific, Latin America, Europe, and Middle East Africa. The report offers a country-wise analysis to further discuss the revenue growth and lucrative growth opportunities for the Exoskeleton  market in these key regions.

Country-wise regional analysis covers:

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • France
  • U.K.
  • BENELUX
  • Italy
  • Spain
  • Switzerland
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Rest of APAC
• Latin America
  • Brazil
  • Rest of LATAM
• Middle East Africa
  • Saudi Arabia
  • U.A.E.
  • South Africa
  • Turkey
  • Rest of MEA

Additionally, the report consists a detailed analysis of the segmentation of the Exoskeleton  market based on product types and end-use/application offered in the Exoskeleton  market -

Mobility Type Outlook (Revenue, USD Billion; 2020 – 2028)

• Mobile Exoskeleton
• Stationary Exoskeleton

Type Outlook (Revenue, USD Billion; 2020 – 2028)

• Powered
• Passive

Technology Outlook (Revenue, USD Billion; 2020 – 2028)

• Electric Actuator
• Fuel Cell
• Pneumatic Actuator
• Hydraulic
• Electric Servo
• Shape Memory Alloy Actuator

Anatomy Outlook (Revenue, USD Billion; 2020 – 2028)

• Lower Body
• Full Body
• Upper Body

End-User Outlook (Revenue, USD Billion; 2020 – 2028)

• Healthcare
• Industrial
• Military Defense
• Others

About Reports and Data

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