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The global exoskeleton market is expected to grow at a CAGR of 17.2% during the period 2022-2027. Important applications in medical rehabilitation and multiple other sectors are expected to drive market growth. North America, Europe and Asia are likely to be key markets.
Exoskeleton robotics has steered in a new age of modern neuromuscular rehabilitation engineering and assistive technology research. The technology has shown significant promise to enhance upper-limb functionalities needed to carry out daily activities. Upper limb exoskeletons refer to electromechanical systems devised to interact with the user to amplify power, assist or substitute motor function. Generally, these devices are anthropomorphic in nature, and interact mechanically with the human upper-limb musculoskeletal structure. Applications include power amplification in industrial settings, compensation of neuromuscular impairment, post-stroke rehabilitation, and supporting disabled people in daily activities.
Over the last twenty years, upper-limb exoskeletons employed for services and rehabilitation have garnered much attention from biomedical and engineering sectors; the technology has gained continual prominence as a possible solution for physically weak or disabled individuals. Solutions have been developed to enhance strength and performance of the wearer. Leading companies are engaged in developing solutions to amplify human ability, protect workers, boost productivity, treat patients and rehabilitate mobility deficits. For example, Ekso Bionics is helping people live, work, and recover with bionic technology. The company developed EksoNR, a lower-body clinical bionic rehabilitation device - the first exoskeleton to receive FDA clearance cleared for stroke and spinal cord injury (SCI); it was also the only exoskeleton cleared by FDA for acquired brain injury. Such solutions are expected to drive the global exoskeleton market. The EksoNR neurorehabilitation suit was devised to help patients with a neurological diagnosis regain natural leg movement after suffering lower limb disabilities.
Building upon its clinical expertise, the company developed a solution for upper-body rehabilitation - EksoUE. The exoskeleton helped patients in rebuilding their upper extremity strength and maintaining upright posture while providing upper extremity support. The solution enabled 180 degrees of motion at the shoulder, and could be used by the patient while sitting, standing, and walking. Patients with SCI, strokes, brain injuries, and neurological disorders could greatly benefit from assistive technology in a rehabilitation setting.
Exoskeletons have several applications that are expected to boost the global exoskeleton market, these include solar installation, utilities and telecommunications, logistics and fulfilment, surgery, arborists, automotive mechanics, drywall installation, film equipment operation, food processing, manufacturing, shipbuilding, ceramics, natural gas and oil, HVAC installation and repair, hair dressing, plastering, firefighting, etc.
Exoskeletons also have important military applications. For example, the U.S. Navy and DARPA have use bionic robotics products (such as HULC) to enable soldiers carry heavier cargos over long distances.
To enhance Indian soldiers’ performance in military scenarios, several DRDO labs are involved in developing configurations including lower/upper extremity, and full-body exoskeletons.
The construction sector has witnessed increased use of smaller, more specialized exoskeleton projects targeting a particular body part. Full body suits are also in use. For example, Mounted Arm Exosuit (such as EksoZeoG, from Ekso Bionics) is not worn on the body, rather, workers control the arm by placing their hand at its end. The solution helps workers use heavy hand-tools quickly and complete tasks faster, with less fatigue, and better workmanship.
Overhead Exosuits include exoskeletons that offer arm, neck, and shoulder support to help workers carry out overhead installation work such as fitting ductwork or sprinklers. The solutions decrease load on the arm and neck muscles while cutting down on repetitive-stress injuries.
Arm Support Limbs are simple arms that help workers lift heavier tools while fuller exoskeletons offer shoulder or arm support. For example, Fraco Exoskeleton by Mawashi is a hybrid system that combines passive and quasi-passive actuation to aid and assist masons in lifting and placing masonry blocks as well as manipulating masonry tools.
By type, the global exoskeleton market is segmented into:
By product type, the market is classified into:
By body part type, the market is classified into:
By region, the market is segmented into:
The report presents a detailed analysis of the following key players in the global exoskeleton market, looking into their capacity, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
|Scope of the Report||
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|Breakup by Treatment Type||
|Breakup by Product Type||
|Breakup by Body Part Type||
|Breakup by Region||
|Report Price and Purchase Option||Explore our purchase options that are best suited to your resources and industry needs.|
|Delivery Format||Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.|
*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Industry Opportunities and Challenges
8 Global Exoskeleton Market Analysis
8.1 Key Industry Highlights
8.2 Global Exoskeleton Historical Market (2017-2021)
8.3 Global Exoskeleton Market Forecast (2022-2027)
8.4 Global Exoskeleton Market by Treatment Type
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2017-2021)
22.214.171.124 Forecast Trend (2022-2027)
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2017-2021)
184.108.40.206 Forecast Trend (2022-2027)
8.5 Global Exoskeleton Market by Product Type
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2017-2021)
22.214.171.124 Forecast Trend (2022-2027)
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2017-2021)
184.108.40.206 Forecast Trend (2022-2027)
8.6 Global Exoskeleton Market by Body Part Type
8.6.1 Lower Body
220.127.116.11 Market Share
18.104.22.168 Historical Trend (2017-2021)
22.214.171.124 Forecast Trend (2022-2027)
8.6.2 Upper Body
126.96.36.199 Market Share
188.8.131.52 Historical Trend (2017-2021)
184.108.40.206 Forecast Trend (2022-2027)
8.7 Global Exoskeleton Market by Region
8.7.1 Market Share
220.127.116.11 North America
18.104.22.168 Asia Pacific
22.214.171.124 Latin America
126.96.36.199 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2017-2021)
9.1.2 Forecast Trend (2022-2027)
9.1.3 Breakup by Country
188.8.131.52 United States of America
9.2.1 Historical Trend (2017-2021)
9.2.2 Forecast Trend (2022-2027)
9.2.3 Breakup by Country
184.108.40.206 United Kingdom
9.3 Asia Pacific
9.3.1 Historical Trend (2017-2021)
9.3.2 Forecast Trend (2022-2027)
9.3.3 Breakup by Country
9.4 Latin America
9.4.1 Historical Trend (2017-2021)
9.4.2 Forecast Trend (2022-2027)
9.4.3 Breakup by Country
9.5 Middle East and Africa
9.5.1 Historical Trend (2017-2021)
9.5.2 Forecast Trend (2022-2027)
9.5.3 Breakup by Country
220.127.116.11 Saudi Arabia
18.104.22.168 United Arab Emirates
22.214.171.124 South Africa
10 Market Dynamics
10.1 SWOT Analysis
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 Ekso Bionics Holdings, Inc.
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
11.2.2 ReWalk Robotics Ltd.
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
11.2.3 BIONIK Laboratories Corp.
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
11.2.4 Ottobock SE & Co. KGaA
220.127.116.11 Company Overview
18.104.22.168 Product Portfolio
22.214.171.124 Demographic Reach and Achievements
11.2.5 Lockheed Martin Corporation
126.96.36.199 Company Overview
188.8.131.52 Product Portfolio
184.108.40.206 Demographic Reach and Achievements
12 Industry Events and Developments
List of Key Figures and Tables
1. Global Exoskeleton Market: Key Industry Highlights, 2017 and 2021
2. Global Exoskeleton Historical Market: Breakup by Treatment Type (USD Million), 2017-2021
3. Global Exoskeleton Market Forecast: Breakup by Treatment Type (USD Million), 2022-2027
4. Global Exoskeleton Historical Market: Breakup by Product Type (USD Million), 2017-2021
5. Global Exoskeleton Market Forecast: Breakup by Product Type (USD Million), 2022-2027
6. Global Exoskeleton Historical Market: Breakup by Body Part Type (USD Million), 2017-2021
7. Global Exoskeleton Market Forecast: Breakup by Body Part Type (USD Million), 2022-2027
8. Global Exoskeleton Historical Market: Breakup by Region (USD Million), 2017-2021
9. Global Exoskeleton Market Forecast: Breakup by Region (USD Million), 2022-2027
10. North America Exoskeleton Historical Market: Breakup by Country (USD Million), 2017-2021
11. North America Exoskeleton Market Forecast: Breakup by Country (USD Million), 2022-2027
12. Europe Exoskeleton Historical Market: Breakup by Country (USD Million), 2017-2021
13. Europe Exoskeleton Market Forecast: Breakup by Country (USD Million), 2022-2027
14. Asia Pacific Exoskeleton Historical Market: Breakup by Country (USD Million), 2017-2021
15. Asia Pacific Exoskeleton Market Forecast: Breakup by Country (USD Million), 2022-2027
16. Latin America Exoskeleton Historical Market: Breakup by Country (USD Million), 2017-2021
17. Latin America Exoskeleton Market Forecast: Breakup by Country (USD Million), 2022-2027
18. Middle East and Africa Exoskeleton Historical Market: Breakup by Country (USD Million), 2017-2021
19. Middle East and Africa Exoskeleton Market Forecast: Breakup by Country (USD Million), 2022-2027
20. Global Exoskeleton Market Structure
The global exoskeleton market is projected to grow at a CAGR of 17.2% between 2022 and 2027.
The major drivers of the market include the growing global geriatric population, rising adoption rates of medical devices in different industries, growing prevalence of disabled individuals, rising expenditure on research activities, and growing public and private support.
Important applications in medical rehabilitation and multiple other sectors and rising incidence of stroke are the key industry trends propelling the market's growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The various types of treatments in the market are augmentation and rehabilitation.
The different types of products in the market are stationary and mobile.
Based on body part type, the market is classified into lower body and upper body.
The major players in the industry are Ekso Bionics Holdings, Inc., ReWalk Robotics Ltd., BIONIK Laboratories Corp., Ottobock SE & Co. KGaA, and Lockheed Martin Corporation, among others.
The global exoskeleton market was driven by the important applications in medical rehabilitation and multiple other sectors in the historical period. Aided by the growing global geriatric population, rising adoption rates of medical devices in different industries, the market is expected to grow at a CAGR of 17.2% in the forecast period of 2022-2027.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The various types of treatments in the market are augmentation and rehabilitation. The different types of products in the market are stationary and mobile. Based on body part type, the market is classified into lower body and upper body. The major regional markets for exoskeleton are North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa. The major players in the market are Ekso Bionics Holdings, Inc., ReWalk Robotics Ltd., BIONIK Laboratories Corp., Ottobock SE & Co. KGaA, and Lockheed Martin Corporation, among others.
EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.
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