Market Overview:
The global exoskeleton wearable robot 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 exoskeletons from the healthcare, defense and military, and industrial sectors. In addition, the growing awareness about the benefits of exoskeletons is also contributing to the growth of this market. The global exoskeleton wearable robot market can be segmented on the basis of type into lower body, upper body, and full body exoskeletons. The healthcare sector is expected to account for a major share of this market in terms of revenue during the forecast period. This can be attributed to rising demand for rehabilitation and assistive devices among geriatric population across regions. In addition, increasing adoption rates for powered orthoses in developed countries are also contributing significantly towards growth of this sector. On the basis of application, defense.
Product Definition:
An exoskeleton is a wearable robot that helps its wearer to move or lift heavy objects. It typically consists of a frame that is worn on the outside of the person's body, with motors and sensors attached to help the person move more easily. Exoskeletons can be used for rehabilitation after an injury, or to assist people with disabilities in performing everyday tasks. They are also being explored as a way to improve human strength and endurance for soldiers or emergency responders.
Lower:
Lower body is the part of exoskeleton wearable robot which provides stability and weight bearing capacity to wearer. There are two types of lower bodies, namely static and dynamic. Dynamic lower body is capable of moving with the help of motors or passive motion mechanism while static one remains in a fixed position. In addition, there are various applications for both types such as mobile robots use cases where they can be used as prosthetic devices or robotic suits that provide stability to wearers without restricting their mobility.
Upper:
Upper is an exoskeleton wearable robot that helps in providing stability and balance to the wearer. It’s a robotic device that fits around the user’s body, which provides support to weak or injured areas of the body. The upper part consists of two rigid bars and four flexible rubberized bands, which are connected by hinges at both ends.
Application Insights:
The defense and military segment dominated the global exoskeleton wearable robot market in terms of revenue share in 2017. The growing use of exoskeletons for rehabilitation, physical exercise, and performance enhancement is expected to drive the demand for these devices over the forecast period. Moreover, increasing government funding for research on advanced robotics is anticipated to further propel growth during the study period.
The healthcare segment accounted for a significant share in 2017 owing to rising adoption of assistive robots that can help patients with mobility problems or perform other medical tasks such as dispensing medicine or cleaning wounds without human assistance. Furthermore, an increase in chronic diseases such as heart diseases and cancer cases has increased demand from healthcare professionals who require additional support while providing treatment services at hospitals globally which is expected to drive market growth over the forecast period.
Regional Analysis:
North America dominated the global market in 2017 owing to favorable reimbursement policies, increasing geriatric population, and rising healthcare expenditure. Moreover, the growing adoption of advanced technologies such as remote monitoring systems and robotic devices for rehabilitation after surgery are expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to a large patient pool that requires assistance with household chores or other activities of daily living. The presence of a large number of companies providing exoskeletons for therapeutic purposes is also likely to boost demand in this region. In addition, an increase in defense spending by countries such as China and India coupled with government initiatives aimed at improving national health is expected fuel regional demand during the forecast period.
Growth Factors:
- Increasing demand from the healthcare sector for rehabilitation and assistive devices
- Growing popularity of exoskeleton robots for industrial and military applications
- Rising investments in research and development activities for developing new-generation exoskeleton robots
- Proliferation of Internet of Things (IoT) technology that would enable seamless connectivity between humans and exoskeleton robots
- Emergence of new players in the market that would offer innovative products at competitive prices
Scope Of The Report
Report Attributes
Report Details
Report Title
Exoskeleton Wearable Robot Market Research Report
By Type
Lower, Upper, Full Body
By Application
Healthcare, Defense and Military, Industrial
By Companies
Cyberdyne, Hocoma, ReWalk Robotics, Ekso Bionics, LockHeed Martin, Parker Hannifin, suitX (US Bionics), Hyundai, Panasonic, Interactive Motion Technologies, Myomo, B-TEMIA Inc., Alter G
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
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Exoskeleton Wearable Robot Market Report Segments:
The global Exoskeleton Wearable Robot 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 and Military, 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
- suitX (US Bionics)
- Hyundai
- Panasonic
- Interactive Motion Technologies
- Myomo
- B-TEMIA Inc.
- Alter G
Highlights of The Exoskeleton Wearable Robot 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 and Military
- 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 Wearable Robot 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 wearable robot is a type of robotic device that helps people with disabilities or injuries to move more easily and independently. These robots are often fitted with sensors that help them track the user's movements, and they can be programmed to respond automatically to certain cues.
Some of the major players in the exoskeleton wearable robot market are Cyberdyne, Hocoma, ReWalk Robotics, Ekso Bionics, LockHeed Martin, Parker Hannifin, suitX (US Bionics), Hyundai, Panasonic, Interactive Motion Technologies, Myomo, B-TEMIA Inc., Alter G.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Exoskeleton Wearable Robot 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 Wearable Robot Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Exoskeleton Wearable Robot 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 Wearable Robot 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 Wearable Robot Market Size & Forecast, 2018-2028
4.5.1 Exoskeleton Wearable Robot Market Size and Y-o-Y Growth
4.5.2 Exoskeleton Wearable Robot Market Absolute $ Opportunity
Chapter 5 Global Exoskeleton Wearable Robot 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 Exoskeleton Wearable Robot 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 Exoskeleton Wearable Robot 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 Exoskeleton Wearable Robot Market Size Forecast by Applications
6.2.1 Healthcare
6.2.2 Defense and Military
6.2.3 Industrial
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Exoskeleton Wearable Robot 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 Wearable Robot 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 Exoskeleton Wearable Robot Analysis and Forecast
9.1 Introduction
9.2 North America Exoskeleton Wearable Robot 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 Exoskeleton Wearable Robot 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 Exoskeleton Wearable Robot Market Size Forecast by Applications
9.10.1 Healthcare
9.10.2 Defense and Military
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 Exoskeleton Wearable Robot Analysis and Forecast
10.1 Introduction
10.2 Europe Exoskeleton Wearable Robot 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 Exoskeleton Wearable Robot 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 Exoskeleton Wearable Robot Market Size Forecast by Applications
10.10.1 Healthcare
10.10.2 Defense and Military
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 Exoskeleton Wearable Robot Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Exoskeleton Wearable Robot 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 Exoskeleton Wearable Robot 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 Exoskeleton Wearable Robot Market Size Forecast by Applications
11.10.1 Healthcare
11.10.2 Defense and Military
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 Exoskeleton Wearable Robot Analysis and Forecast
12.1 Introduction
12.2 Latin America Exoskeleton Wearable Robot 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 Exoskeleton Wearable Robot 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 Exoskeleton Wearable Robot Market Size Forecast by Applications
12.10.1 Healthcare
12.10.2 Defense and Military
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) Exoskeleton Wearable Robot Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Exoskeleton Wearable Robot 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) Exoskeleton Wearable Robot 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) Exoskeleton Wearable Robot Market Size Forecast by Applications
13.10.1 Healthcare
13.10.2 Defense and Military
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 Wearable Robot Market: Competitive Dashboard
14.2 Global Exoskeleton Wearable Robot 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 suitX (US Bionics)
14.3.8 Hyundai
14.3.9 Panasonic
14.3.10 Interactive Motion Technologies
14.3.11 Myomo
14.3.12 B-TEMIA Inc.
14.3.13 Alter G
