Exoskeleton Robots Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Cyberdyne Inc., Hocoma AG, ReWalk Robotics Ltd., Bionik Laboratories Corp.

The global Exoskeleton Robots market size is expected to grow at US$ 2.1 billion in 2027 from US$896.4 million in 2021, growing at a compound annual growth rate (CAGR) of 21.5%.

Exoskeleton Robots Market Overview

Robotic exoskeletons are wearable ambulatory devices that use hydraulics, rotors, and mechanical structures to move stiff body parts and assist users in carrying out daily duties with high strength and endurance. To detect bio-neurotic impulses from the brain and cause the external skeleton to move in accordance with specific commands, such as sitting, standing, or lifting an object, these devices employ artificial intelligence and sensors. Increased applications in a variety of industries, an ageing population, technical advancements, and a greater scope in the military and healthcare sectors are what are fueling the global market's growth. These suits are expected to be widely used in healthcare applications and to profit from a rising number of rehabilitation clinics. The combination of a worker shortage and the explosive growth of e-commerce has created a significant demand for cutting-edge tools across a variety of industries to boost productivity while ensuring worker safety. This demand has been exacerbated by the strict social distance policies and travel restrictions put in place to stop the spread of the coronavirus. The demand has been a major factor in the acceptance of powered, full-body exoskeletons for use in manufacturing facilities, construction sites, and other challenging situations.

Industry News and Updates:

June 14, 2022: FDA Clears EksoNR Robotic Exoskeleton for Rehabilitation in Multiple Sclerosis-

The FDA has granted 501(k) clearance to the EksoNR robotic exoskeleton for use with patients with multiple sclerosis (MS), making it the first such device to be approved for rehabilitation efforts in MS. Previously, in June 2020, the EksoNR robotic exoskeleton was approved for use in those with acquired brain injury and in April 2016 for the rehabilitation of patients with stroke and traumatic brain injury, becoming the first exoskeleton device for both indications.

What are the major Applications, Types and Regions for Exoskeleton Robots Market?

Market is segmented based on the type, applications, companies and regions.

By Type, it is segmented into

• Lower


• Upper


• Full Body

By Application, it is segmented into

• Healthcare


• Defense


• Industrial

Exoskeleton Robots Market Regional Analysis

The Exoskeleton Robots market in the United States is expected to be worth US$384.8 million by 2022. The country currently controls 43.07% of the worldwide market. The second-largest economy in the world, China, is anticipated to grow at a CAGR of 25.4% over the course of the analysis period to reach an estimated market size of US$255.8 million in 2026. Japan and Canada are two other notable geographic markets, with growth rates for each country predicted to be 16.9% and 19.2%, respectively, throughout the study period. Germany is expected to experience growth in Europe at a rate of about 21% CAGR, while the rest of the continent, as defined in the study, will reach US$305.6 Million by the end of the analysis period. Growth in the North America region is being driven by the United States' significant contribution, an ageing population, and people's high spending power. The market demand is being driven by an increase in spinal cord injury and stroke cases, as well as the resulting disability. Demand is anticipated to be fuelled by greater knowledge of these options and regulatory approval for medical exoskeletons, while the market is anticipated to be supported by an increase in the number of rehabilitation facilities for people with spinal cord injuries, stroke, traumatic brain injuries, cerebral palsy, and multiple sclerosis. The key drivers of growth in the Asia-Pacific area include advancements in healthcare infrastructure, a sizable patient base, and government support for medical equipment.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
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• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Exoskeleton Robots Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Exoskeleton Robots Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Exoskeleton Robots Market report scope?

Key Takeaways from this Exoskeleton Robots Market Report

• Evaluate Exoskeleton Robots market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.


• Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Exoskeleton Robots market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.

Frequently Asked Questions

What is the growth rate of Exoskeleton Robots Market?

The Exoskeleton Robots Market is growing at a CAGR of 21.5% over the next 5 years.

Who are the key players in Exoskeleton Robots Market?

Cyberdyne Inc., Hocoma AG, ReWalk Robotics Ltd., Bionik Laboratories Corp., Lockheed Martin Corporation, Parker-Hannifin Corporation, Interactive Motion Technologies, Panasonic, Myomo, Alter G, US Bionics, ATOUN Inc., Bioness Inc., Bioservo Technologies AB, B-Temia Inc., Ekso Bionics Holdings Inc., Gogoa Mobility Robots, RB3D, Rehab-Robotics Company Limited, Rex Bionics Ltd.

What are the significant types of Exoskeleton Robots Market?

Lower, Upper, Full Body

What are the major end-use applications of Exoskeleton Robots Market?

Healthcare, Defense, Industrial

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