Market Overview:
The global smart upper limb exoskeleton 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 smart upper limb exoskeletons from industrial, healthcare, military and other applications. Additionally, the growing awareness about the benefits of using smart upper limb exoskeletons is also contributing to the growth of this market. Some of the major players operating in this market are Ekso Bionics Holdings Inc., Lockheed Martin Corporation, ReWalk Robotics Ltd., Sarcos Corporation and SuitX Inc.
Product Definition:
A smart upper limb exoskeleton is a wearable device that helps people with limited strength or mobility to lift and carry objects using their arms. The device attaches to the user's upper body and provides mechanical assistance as they lift and carry objects. This can help people with limited strength or mobility to perform tasks that would otherwise be difficult or impossible. The importance of smart upper limb exoskeletons is that they can help people with limited strength or mobility to live more independent lives.
Soft Exoskeleton:
The soft exoskeleton is a wearable robotic device that enhances the user's physical capabilities. It can be used by people with impaired mobility or those who are recovering from an injury. The growing geriatric population and rising incidences of spinal cord injuries worldwide are expected to drive demand for the product over the forecast period.
Rigid Exoskeleton:
Rigid exoskeleton is a mechanical system that assists the body to perform everyday tasks by providing stability and support. Rigid exoskeleton includes suits, gait belts, braces, and other wearable devices. These devices are used to provide stability while walking or running. The suit provides vertical force in the right places and horizontal force across the right places which helps in reducing knee joint stress during walking or running.
Application Insights:
The industrial segment dominated the global smart upper limb exoskeleton market in terms of revenue share in 2017. The growing need for assistive technologies to help people with mobility problems and injuries is one of the major factors driving the demand for exoskeletons. According to a study published by researchers from King's College London, Assistive Technology (AT) can improve independence and quality of life for people with disabilities. This factor is expected to drive industry growth over the forecast period.
The healthcare segment accounted for a significant revenue share in 2017 owing to increasing cases of musculoskeletal disorders that require physical therapy or rehabilitation after injury or surgery.
Regional Analysis:
North America dominated the global market in 2017 owing to the increasing cases of arthritis and other chronic diseases in this region. According to a study published by National Center for Biotechnology Information (NCBI), around 20% of individuals in North America suffer from some form of disability associated with upper limbs. The high prevalence rate is expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to rising product demand from countries such as Japan, China, South Korea, and India. In addition, supportive government initiatives are also expected favorably impact regional demand during the forecast period. For instance, exoskeleton manufacturer called Japanese company AsureQuality developed an exoskeleton that helps patients walk faster after training with a patient who was suffering from leg ulcers at Tokyo’s Waseda University Hospital (TUH).
Growth Factors:
- Increasing demand for technologically advanced and innovative products
- Rising geriatric population and increasing prevalence of chronic diseases
- Growing awareness about the benefits of using exoskeletons
- Technological advancements in the field of exoskeleton technology
- Increasing funding for research and development in the field of exoskeleton technology
Scope Of The Report
Report Attributes
Report Details
Report Title
Smart Upper Limb Exoskeleton Market Research Report
By Type
Soft Exoskeleton, Rigid Exoskeleton
By Application
Industrial, Healthcare, Military, Others
By Companies
BIONIK, ATOUN Inc., Ekso Bionics, CYBERDYNE, INC., Honda Motor Co., Ltd., ReWalk Robotics, Rex Bionics Ltd., Sarcos Corp., Technaid. S.L., U.S. Bionics, Inc.
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
198
Number of Tables & Figures
139
Customization Available
Yes, the report can be customized as per your need.
Global Smart Upper Limb Exoskeleton Market Report Segments:
The global Smart Upper Limb Exoskeleton market is segmented on the basis of:
Types
Soft Exoskeleton, Rigid Exoskeleton
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
Industrial, Healthcare, Military, Others
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:
- BIONIK
- ATOUN Inc.
- Ekso Bionics
- CYBERDYNE, INC.
- Honda Motor Co., Ltd.
- ReWalk Robotics
- Rex Bionics Ltd.
- Sarcos Corp.
- Technaid. S.L.
- U.S. Bionics, Inc.
Highlights of The Smart Upper Limb Exoskeleton 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:
- Soft Exoskeleton
- Rigid Exoskeleton
- By Application:
- Industrial
- Healthcare
- Military
- Others
- 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 Smart Upper Limb Exoskeleton 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?
A Smart Upper Limb Exoskeleton is a wearable device that helps people with disabilities, such as paralysis, regain some mobility and independence. The exoskeleton is made up of several interconnected parts that help the wearer move their arms and legs. These devices are often used in conjunction with other assistive technologies, such as prosthetic limbs or wheelchairs.
Some of the key players operating in the smart upper limb exoskeleton market are BIONIK, ATOUN Inc., Ekso Bionics, CYBERDYNE, INC., Honda Motor Co., Ltd., ReWalk Robotics, Rex Bionics Ltd., Sarcos Corp., Technaid. S.L., U.S. Bionics, Inc..
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Smart Upper Limb Exoskeleton 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 Smart Upper Limb Exoskeleton Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Smart Upper Limb Exoskeleton 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 Smart Upper Limb Exoskeleton 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 Smart Upper Limb Exoskeleton Market Size & Forecast, 2020-2028
4.5.1 Smart Upper Limb Exoskeleton Market Size and Y-o-Y Growth
4.5.2 Smart Upper Limb Exoskeleton 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 Soft Exoskeleton
5.2.2 Rigid Exoskeleton
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 Industrial
6.2.2 Healthcare
6.2.3 Military
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Smart Upper Limb Exoskeleton 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 Smart Upper Limb Exoskeleton 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 Soft Exoskeleton
9.6.2 Rigid Exoskeleton
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 Industrial
9.10.2 Healthcare
9.10.3 Military
9.10.4 Others
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 Soft Exoskeleton
10.6.2 Rigid Exoskeleton
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 Industrial
10.10.2 Healthcare
10.10.3 Military
10.10.4 Others
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 Soft Exoskeleton
11.6.2 Rigid Exoskeleton
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 Industrial
11.10.2 Healthcare
11.10.3 Military
11.10.4 Others
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 Soft Exoskeleton
12.6.2 Rigid Exoskeleton
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 Industrial
12.10.2 Healthcare
12.10.3 Military
12.10.4 Others
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 Soft Exoskeleton
13.6.2 Rigid Exoskeleton
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 Industrial
13.10.2 Healthcare
13.10.3 Military
13.10.4 Others
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 Smart Upper Limb Exoskeleton Market: Competitive Dashboard
14.2 Global Smart Upper Limb Exoskeleton Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BIONIK
14.3.2 ATOUN Inc.
14.3.3 Ekso Bionics
14.3.4 CYBERDYNE, INC.
14.3.5 Honda Motor Co., Ltd.
14.3.6 ReWalk Robotics
14.3.7 Rex Bionics Ltd.
14.3.8 Sarcos Corp.
14.3.9 Technaid. S.L.
14.3.10 U.S. Bionics, Inc.
