Market Overview:
The global exoskeleton robotic system market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for exoskeleton robotic systems from various end-use industries such as healthcare, defense, and industrial. Additionally, the growing awareness about the benefits of using exoskeleton robotic systems is also contributing to the growth of this market. Based on type, the global exoskeleton robotic system market can be segmented into lower extremity exoskeletons, upper extremity exoskeletons, and full body exoskeletons. Of these segments, lower extremity ExoSKELETONS are expected to account for a major share of the global market during the forecast period owing to their high adoption in medical applications.
Product Definition:
An exoskeleton robotic system is a type of robot that helps people or animals move around or carry out tasks. It is important because it can help people or animals who have difficulty moving due to an injury, illness, or disability.
Lower:
Lower body exoskeleton systems are used to provide support to the wearers while walking or running. These systems are made up of rigid and flexible components that allow the wearer’s foot and ankle joints to move freely.
Upper:
Upper extremity is the most commonly injured body part in an accident or trauma. Upper extremities include the arm, hand, shoulder, and neck. The upper extremity robotic system includes a suit with two arms and two legs that has sensors all over it to track motion and position of the wearer. This system can be used for rehabilitation as well as physical therapy depending on which part of upper extremity is damaged.
Application Insights:
The defense segment dominated the global exoskeleton robotic system market in terms of revenue in 2017. The growing use of these systems for rehabilitation and physical therapy, as well as for providing assistance and support to the patients during their hospital stay is expected to drive demand over the forecast period. Moreover, increasing research & development activities by major players such as Lockheed Martin Corporation; BAE Systems; and General Dynamics Corporation are anticipated to positively impact industry growth over the coming years.
The healthcare segment accounted for a significant share in 2017 owing to rising adoption of these devices for assisting patients with walking or standing, along with other mobility aids that can help them perform daily activities more easily. In addition, an increase in prevalence of diseases such as Parkinson¢â‚¬â„¢s disease will further boost industry growth over the forecast period due to an increase in need assistive technologies worldwide.
Exoskeletons have numerous applications across different industries including construction.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing funding for research and development, rising healthcare expenditure by governments, and growing demand for rehabilitation after accidents or surgeries. Moreover, a rise in chronic diseases such as arthritis is anticipated to increase the demand for exoskeletons which would drive regional growth further.
Asia Pacific market was valued at USD X million in 2017 owing to high unmet medical needs coupled with rapidly improving healthcare infrastructure and economic development of countries like China and India thereby creating opportunities for industry players over the forecast period. In addition, Japan has one of the highest per capita spending on health care globally; Arthroscopic surgery procedures have increased by 23% since 2010 while total knee replacement procedures have grown by 17% over this same time frame thus driving industry growth across Asia Pacific region as well (OECD Health Statistics 2016).
Growth Factors:
- Increasing demand for industrial robots across different industries
- Growing awareness about the benefits of using exoskeletons for rehabilitation and disability assistance
- Rising number of research and development activities in the field of exoskeleton technology
- Proliferation of venture capital funding for startups involved in developing exoskeleton technologies
- Increasing number of collaborations between healthcare providers and robotics companies to provide exoskeleton-assisted rehabilitation therapies
Scope Of The Report
Report Attributes
Report Details
Report Title
Exoskeleton Robotic System Market Research Report
By Type
Lower, Upper, Full Body
By Application
Healthcare, Defense, Industrial
By Companies
Cyberdyne, Hocoma, ReWalk Robotics, Ekso Bionics, LockHeed Martin, Parker Hannifin, Interactive Motion Technologies, Panasonic, Myomo, B-TEMIA Inc., Alter G, US Bionics
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
218
Number of Tables & Figures
153
Customization Available
Yes, the report can be customized as per your need.
Global Exoskeleton Robotic System Market Report Segments:
The global Exoskeleton Robotic System market is segmented on the basis of:
Types
Lower, Upper, Full Body
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Healthcare, Defense, Industrial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Cyberdyne
- Hocoma
- ReWalk Robotics
- Ekso Bionics
- LockHeed Martin
- Parker Hannifin
- Interactive Motion Technologies
- Panasonic
- Myomo
- B-TEMIA Inc.
- Alter G
- US Bionics
Highlights of The Exoskeleton Robotic System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Lower
- Upper
- Full Body
- By Application:
- Healthcare
- Defense
- Industrial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Exoskeleton Robotic System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An exoskeleton robotic system is a type of robotic system that uses an external device to provide assistance or support to the user. The external device may be a suit, helmet, or other piece of equipment that attaches to the body and provides extra support.
Some of the major companies in the exoskeleton robotic system market are Cyberdyne, Hocoma, ReWalk Robotics, Ekso Bionics, LockHeed Martin, Parker Hannifin, Interactive Motion Technologies, Panasonic, Myomo, B-TEMIA Inc., Alter G, US Bionics.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Exoskeleton Robotic System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Exoskeleton Robotic System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Exoskeleton Robotic System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Exoskeleton Robotic System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Exoskeleton Robotic System Market Size & Forecast, 2020-2028
4.5.1 Exoskeleton Robotic System Market Size and Y-o-Y Growth
4.5.2 Exoskeleton Robotic System Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Lower
5.2.2 Upper
5.2.3 Full Body
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Healthcare
6.2.2 Defense
6.2.3 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Exoskeleton Robotic System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Exoskeleton Robotic System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Lower
9.6.2 Upper
9.6.3 Full Body
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Healthcare
9.10.2 Defense
9.10.3 Industrial
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Lower
10.6.2 Upper
10.6.3 Full Body
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Healthcare
10.10.2 Defense
10.10.3 Industrial
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Lower
11.6.2 Upper
11.6.3 Full Body
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Healthcare
11.10.2 Defense
11.10.3 Industrial
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Lower
12.6.2 Upper
12.6.3 Full Body
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Healthcare
12.10.2 Defense
12.10.3 Industrial
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Lower
13.6.2 Upper
13.6.3 Full Body
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Healthcare
13.10.2 Defense
13.10.3 Industrial
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Exoskeleton Robotic System Market: Competitive Dashboard
14.2 Global Exoskeleton Robotic System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Cyberdyne
14.3.2 Hocoma
14.3.3 ReWalk Robotics
14.3.4 Ekso Bionics
14.3.5 LockHeed Martin
14.3.6 Parker Hannifin
14.3.7 Interactive Motion Technologies
14.3.8 Panasonic
14.3.9 Myomo
14.3.10 B-TEMIA Inc.
14.3.11 Alter G
14.3.12 US Bionics
