Global Wearable Robotic Exoskeleton Market displayed a higher CAGR in the assessment period owing to augmented applications and expanded scope across varied sectors. Wearable Robotic Exoskeleton can be defined as a robotic system that is extensively employed in various applications ranging from assistance, body part support, sports, human-power augmentation, to rehabilitation. The most striking aspects that are associated with the tool may entail improved force capability, enhanced mobility, and quick recovery of motor function. The market has attained huge recognition across various sectors owing to burgeoning demands and prerequisites.
The prominent factors that contributed in boosting up the Wearable Robotic Exoskeleton Market growth may entail augmented demands of robotic assistance and rehabilitation applications, rising number of patients, increase in the incidences of neurological as well as musculoskeletal disorders, robust growth of the robotics industry, conduction of various programs, rising adoption levels, and development of modern exoskeleton technologies.
Additionally, the manufacturers took up various strategies such as partnerships, acquisitions, and joint ventures that eventually contributed in the inorganic growth of the Wearable Robotic Exoskeleton Market. On account of all the above aspects, it is projected that the Wearable Robotic Exoskeleton Industry will register a healthy CAGR in the upcoming period. The market can be split up by product type, end user, and geography. This industry is divided by product type as Active Powered Exoskeleton, Passive Exoskeleton, and others.
Wearable Robotic Exoskeleton Market is segregated by end user as Healthcare, Commercial, Industrial, Defense, and others. Wearable Robotic Exoskeleton Industry is classified by geography as North America, Europe, China, Japan, Southeast Asia, and India. North America dominated the Wearable Robotic Exoskeleton Market. The factors that can be attributed to the market growth may entail rise in the industrialization, augmented investments, increasing research and development activities, and technological advancements.
On the contrast, Asia Pacific also emerged as one of the assuring regions in the Wearable Robotic Exoskeleton Market owing to strong technological developments, rising prerequisites, and extensive employment of the device. The key players contributed in the robust development of the Wearable Robotic Exoskeleton Industry are identified as Ekso Bionics Holdings, Inc., Bionik Laboratories Corporation, Cyberdyne Inc., ATOUN Inc., P&S Mechanics Co. Ltd., Parker Hannifin Corporation, Rex Bionics PLC, Hocoma AG, Lockheed Martin Corporation, Myomo Inc., Focal Meditech BV, and BTemia Inc.
Geographically, this report is segmented into several key Regions, with production, consumption, revenue (million USD), market share and growth rate of Wearable Robotic Exoskeleton in these regions, from 2013 to 2025 (forecast), covering
• North America
• Southeast Asia
Global Wearable Robotic Exoskeleton market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including
• 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
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including
• Passive Exoskeleton
• Active (Powered) Exoskeleton
Research Support Specialist, USA