Market Overview:
The global wearable robotic 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 wearable robotic exoskeletons from various end-use applications, such as healthcare, industrial, defense, and commercial. In addition, the technological advancements in the field of robotics are also aiding in the growth of this market. On the basis of type, the global wearable robotic exoskeleton market can be segmented into healthcare, industrial, defense and commercial segments. The healthcare segment is expected to account for a major share of this market during the forecast period owing to rising demand for these devices from geriatric population and patients suffering from chronic diseases or disabilities. On account of growing concerns over safety and security issues across industries such as oil & gas and manufacturing sectors; there is an increasing demand for wearable robotic exoskeletons from industrial applications sector as well.
Product Definition:
A wearable robotic exoskeleton is a device that is worn over the body to assist in movement. It can provide power or assistance for activities such as walking, standing, or lifting.
Healthcare:
The global healthcare industry is expected to grow at a CAGR of XX% during the forecast period. The growth can be attributed to factors such as aging population, increasing prevalence of chronic diseases, and rising demand for personalized medicine.
Growing geriatric population base coupled with rising incidences of chronic conditions is anticipated to drive wearable robotic exoskeleton market growth over the forecast period.
Industrial:
Industrial is a system or process which is used to carry out operations automatically and efficiently. In the wearable robotic exoskeleton market, industrial automation refers to using software and/or hardware systems for carrying out various tasks in an efficient manner.
Application Insights:
The passive exoskeleton segment dominated the market in 2017 and is expected to maintain its dominance over the forecast period. The growing geriatric population across the world, especially in countries such as Japan and China, is anticipated to be a major factor driving demand for these devices. In addition, healthcare was the largest application segment of this technology globally with around 40% of revenue generated from this sector in 2017. This can be attributed to increasing usage of robotic exoskeletons for rehabilitation and physical therapy applications at hospitals or clinics.
The commercial application segment is expected to witness significant growth over the forecast period owing to rising adoption by military personnel as well as soldiers suffering from PTSD due to armed conflicts around the globe since 2015-2016.
Regional Analysis:
North America dominated the global wearable robotic exoskeleton market in 2017. The presence of a large number of companies and research institutes involved in R&D for powered wearable robotics is one of the major factors contributing to its largest share. Moreover, increasing cases of osteoporosis among geriatric population are expected to increase demand for powered wearable robotic exoskeletons that help improve bone density and prevent fractures is also expected to drive regional growth over the forecast period.
Asia Pacific region is anticipated to witness lucrative growth over the forecast period owing to rising healthcare expenditure by governments as well as private organizations, growing awareness about powered wearable robotics among patients, increased government funding for improving healthcare infrastructure along with an increasing number of conferences & events related t owearable robotic technologies are some other factors driving this regional market forward.
Growth Factors:
- Increasing demand for wearable robotic exoskeletons from the medical sector for rehabilitation and assistive purposes
- Growing popularity of exoskeletons in the military and defense sector for enhancing the strength and endurance of soldiers
- Rising demand from industrial sectors such as construction, logistics, and manufacturing to improve worker productivity
- increasing research funding towards development of better exoskeleton technologies
- Growing number of collaborations between key players in the market to develop innovative products
Scope Of The Report
Report Attributes
Report Details
Report Title
Wearable Robotic Exoskeleton Market Research Report
By Type
Healthcare, Industrial, Defense, Commercial
By Application
Passive Exoskeleton, Active (Powered) Exoskeleton
By Companies
ATOUN Inc., B-Temia Inc., Bionik Laboratories Corporation, Cyberdyne Inc., Ekso Bionics Holdings, Inc., Focal Meditech BV, Hocoma AG, Lockheed Martin Corporation, Myomo Inc., P&S Mechanics Co. Ltd., Parker Hannifin Corporation, ReWalk Robotics Ltd., Rex Bionics PLC
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Wearable Robotic Exoskeleton Market Report Segments:
The global Wearable Robotic Exoskeleton market is segmented on the basis of:
Types
Healthcare, Industrial, Defense, Commercial
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
Passive Exoskeleton, Active (Powered) Exoskeleton
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:
- ATOUN Inc.
- B-Temia Inc.
- Bionik Laboratories Corporation
- Cyberdyne Inc.
- Ekso Bionics Holdings, Inc.
- Focal Meditech BV
- Hocoma AG
- Lockheed Martin Corporation
- Myomo Inc.
- P&S Mechanics Co. Ltd.
- Parker Hannifin Corporation
- ReWalk Robotics Ltd.
- Rex Bionics PLC
Highlights of The Wearable Robotic 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:
- Healthcare
- Industrial
- Defense
- Commercial
- By Application:
- Passive Exoskeleton
- Active (Powered) Exoskeleton
- 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 Wearable Robotic 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.
How you may use our products:
- Correctly Positioning New Products
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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 wearable robotic exoskeleton is a device that helps people with disabilities or injuries to walk, climb stairs, or perform other tasks. The devices are made of lightweight materials and are worn on the body like regular clothes. They can be attached to the arms or legs, and they often have sensors that help them track movement and adjust their position accordingly.
Some of the major players in the wearable robotic exoskeleton market are ATOUN Inc., B-Temia Inc., Bionik Laboratories Corporation, Cyberdyne Inc., Ekso Bionics Holdings, Inc., Focal Meditech BV, Hocoma AG, Lockheed Martin Corporation, Myomo Inc., P&S Mechanics Co. Ltd., Parker Hannifin Corporation, ReWalk Robotics Ltd., Rex Bionics PLC.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Wearable Robotic Exoskeleton Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Wearable Robotic Exoskeleton Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Wearable Robotic Exoskeleton Market - Supply Chain
4.5. Global Wearable Robotic Exoskeleton Market Forecast
4.5.1. Wearable Robotic Exoskeleton Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Wearable Robotic Exoskeleton Market Size (000 Units) and Y-o-Y Growth
4.5.3. Wearable Robotic Exoskeleton Market Absolute $ Opportunity
5. Global Wearable Robotic Exoskeleton Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Wearable Robotic Exoskeleton Market Size and Volume Forecast by Type
5.3.1. Healthcare
5.3.2. Industrial
5.3.3. Defense
5.3.4. Commercial
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Wearable Robotic Exoskeleton Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Wearable Robotic Exoskeleton Market Size and Volume Forecast by Application
6.3.1. Passive Exoskeleton
6.3.2. Active (Powered) Exoskeleton
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Wearable Robotic Exoskeleton Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Wearable Robotic Exoskeleton Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Wearable Robotic Exoskeleton Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Wearable Robotic Exoskeleton Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Wearable Robotic Exoskeleton Demand Share Forecast, 2019-2026
9. North America Wearable Robotic Exoskeleton Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Wearable Robotic Exoskeleton Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Wearable Robotic Exoskeleton Market Size and Volume Forecast by Application
9.4.1. Passive Exoskeleton
9.4.2. Active (Powered) Exoskeleton
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Wearable Robotic Exoskeleton Market Size and Volume Forecast by Type
9.7.1. Healthcare
9.7.2. Industrial
9.7.3. Defense
9.7.4. Commercial
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Wearable Robotic Exoskeleton Demand Share Forecast, 2019-2026
10. Latin America Wearable Robotic Exoskeleton Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Wearable Robotic Exoskeleton Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Wearable Robotic Exoskeleton Market Size and Volume Forecast by Application
10.4.1. Passive Exoskeleton
10.4.2. Active (Powered) Exoskeleton
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Wearable Robotic Exoskeleton Market Size and Volume Forecast by Type
10.7.1. Healthcare
10.7.2. Industrial
10.7.3. Defense
10.7.4. Commercial
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Wearable Robotic Exoskeleton Demand Share Forecast, 2019-2026
11. Europe Wearable Robotic Exoskeleton Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Wearable Robotic Exoskeleton Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Wearable Robotic Exoskeleton Market Size and Volume Forecast by Application
11.4.1. Passive Exoskeleton
11.4.2. Active (Powered) Exoskeleton
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Wearable Robotic Exoskeleton Market Size and Volume Forecast by Type
11.7.1. Healthcare
11.7.2. Industrial
11.7.3. Defense
11.7.4. Commercial
11.8. Basis Point Share (BPS) Analysis by Type 11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Wearable Robotic Exoskeleton Demand Share, 2019-2026
12. Asia Pacific Wearable Robotic Exoskeleton Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Wearable Robotic Exoskeleton Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Wearable Robotic Exoskeleton Market Size and Volume Forecast by Application
12.4.1. Passive Exoskeleton
12.4.2. Active (Powered) Exoskeleton
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Wearable Robotic Exoskeleton Market Size and Volume Forecast by Type
12.7.1. Healthcare
12.7.2. Industrial
12.7.3. Defense
12.7.4. Commercial
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Wearable Robotic Exoskeleton Demand Share, 2019-2026
13. Middle East & Africa Wearable Robotic Exoskeleton Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Wearable Robotic Exoskeleton Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Wearable Robotic Exoskeleton Market Size and Volume Forecast by Application
13.4.1. Passive Exoskeleton
13.4.2. Active (Powered) Exoskeleton
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Wearable Robotic Exoskeleton Market Size and Volume Forecast by Type
13.7.1. Healthcare
13.7.2. Industrial
13.7.3. Defense
13.7.4. Commercial
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Wearable Robotic Exoskeleton Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Wearable Robotic Exoskeleton Market: Market Share Analysis
14.2. Wearable Robotic Exoskeleton Distributors and Customers
14.3. Wearable Robotic Exoskeleton Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. ATOUN Inc.
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. B-Temia Inc.
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Bionik Laboratories Corporation
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Cyberdyne Inc.
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Ekso Bionics Holdings, Inc.
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Focal Meditech BV
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Hocoma AG
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Lockheed Martin Corporation
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Myomo Inc.
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. P&S Mechanics Co. Ltd.
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Parker Hannifin Corporation
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. ReWalk Robotics Ltd.
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Rex Bionics PLC
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
