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Global Exoskeleton Market: By Treatment Type: Augmentation, Rehabilitation; By Product Type: Stationary, Mobile; By Body Part Type: Lower Body, Upper Body; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; Industry Events and Developments

Global Exoskeleton Market Outlook

The global exoskeleton market is expected to grow at a CAGR of 17.2% during the period 2023-2028. 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.

 

Global Market Likely to be Driven by Applications in Multiple Sectors, Including Medical, Construction, and Military, and Advanced Solutions by Leading Companies

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.

 

Numerous Applications of Exoskeletons Likely to Drive Market Growth

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.

 

Applications in Construction and Military to Stimulate Market

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.

 

Market Segmentation

By type, the global exoskeleton market is segmented into:

  • Augmentation
  • Rehabilitation

By product type, the market is classified into:

  • Stationary
  • Mobile

By body part type, the market is classified into:

  • Lower Body
  • Upper Body

By region, the market is segmented into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

 

Key Industry Players in the Market

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:

  • Ekso Bionics Holdings, Inc.
  • ReWalk Robotics Ltd.
  • BIONIK Laboratories Corp.
  • Ottobock SE & Co. KGaA
  • Lockheed Martin Corporation
  • Others

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.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Treatment Type
  • Product Type
  • Body Part Type
  • Region
Breakup by Treatment Type
  • Augmentation
  • Rehabilitation
Breakup by Product Type
  • Stationary
  • Mobile
Breakup by Body Part Type
  • Lower Body
  • Upper Body
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Ekso Bionics Holdings, Inc.
  • ReWalk Robotics Ltd.
  • BIONIK Laboratories Corp.
  • Ottobock SE & Co. KGaA
  • Lockheed Martin Corporation
  • Others
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.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
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

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Exoskeleton Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Exoskeleton Historical Market (2018-2022) 
    8.3    Global Exoskeleton Market Forecast (2023-2028)
    8.4    Global Exoskeleton Market by Treatment Type
        8.4.1    Augmentation
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Rehabilitation
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
    8.5    Global Exoskeleton Market by Product Type
        8.5.1    Stationary
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Mobile
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
    8.6    Global Exoskeleton Market by Body Part Type
        8.6.1    Lower Body
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Upper Body
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)    
    8.7    Global Exoskeleton Market by Region
        8.7.1    North America
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2018-2022) 
            8.7.1.3    Forecast Trend (2023-2028)
        8.7.2    Europe
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2022) 
            8.7.2.3    Forecast Trend (2023-2028)
        8.7.3    Asia Pacific
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2018-2022) 
            8.7.3.3    Forecast Trend (2023-2028)
        8.7.4    Latin America
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2018-2022) 
            8.7.4.3    Forecast Trend (2023-2028)
        8.7.5    Middle East and Africa
            8.7.5.1    Market Share
            8.7.5.2    Historical Trend (2018-2022) 
            8.7.5.3    Forecast Trend (2023-2028)
9    North America Exoskeleton Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Exoskeleton Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia  Pacific Exoskeleton Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin  America Exoskeleton Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Exoskeleton Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Ekso Bionics Holdings, Inc.
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    ReWalk Robotics Ltd.
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    BIONIK Laboratories Corp.
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Ottobock SE & Co. KGaA
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Ottobock SE & Co. KGaA
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Others
16    Key Trends and Developments in the Market

 

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), 2018-2022
3.    Global Exoskeleton Market Forecast: Breakup by Treatment Type (USD Million), 2023-2028
4.    Global Exoskeleton Historical Market: Breakup by Product Type (USD Million), 2018-2022
5.    Global Exoskeleton Market Forecast: Breakup by Product Type (USD Million), 2023-2028
6.    Global Exoskeleton Historical Market: Breakup by Body Part Type (USD Million), 2018-2022
7.    Global Exoskeleton Market Forecast: Breakup by Body Part Type (USD Million), 2023-2028
8.    Global Exoskeleton Historical Market: Breakup by Region (USD Million), 2018-2022
9.    Global Exoskeleton Market Forecast: Breakup by Region (USD Million), 2023-2028
10.    North America Exoskeleton Historical Market: Breakup by Country (USD Million), 2018-2022
11.    North America Exoskeleton Market Forecast: Breakup by Country (USD Million), 2023-2028
12.    Europe Exoskeleton Historical Market: Breakup by Country (USD Million), 2018-2022
13.    Europe Exoskeleton Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Asia Pacific Exoskeleton Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Asia Pacific Exoskeleton Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Latin America Exoskeleton Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Latin America Exoskeleton Market Forecast: Breakup by Country (USD Million), 2023-2028
18.    Middle East and Africa Exoskeleton Historical Market: Breakup by Country (USD Million), 2018-2022
19.    Middle East and Africa Exoskeleton Market Forecast: Breakup by Country (USD Million), 2023-2028
20.    Global Exoskeleton Market Structure

Key Questions Answered in the Report

The global exoskeleton market is projected to grow at a CAGR of 17.2% between 2023 and 2028.

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.

Analyst Review

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 2023-2028.

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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