The Exoskeleton Market is expected to grow at a CAGR of 48.4% from 2019 to reach $11.4 billion by 2027. Exoskeletons are wearable devices that work in tandem with the user and act as amplifiers that augment, reinforce or restore human performance. Exoskeletons can also be referred to as robotic suit, powered armor, exo-frame or exosuit, wearable machine, and power jacket, among others. The growth in the exoskeleton market is majorly propelled by the growing demand from the healthcare sector for orthopedic rehabilitation, increasing prevalence of stroke, and growing investment of the military & defense sector in the exoskeleton. However, stringent government regulations pertaining to medical applications is the major factor restraining market growth to some extent.
Globally, the number of people with physical disabilities is increasing majorly due to the rising geriatric population; increasing number of road accidents and severe trauma injuries; and increasing prevalence of stroke, among other factors. Rehabilitation exoskeleton is used to help people recover from severe physical trauma or assist them in activities of daily living. According to the U.S. National Spinal Cord Injury Statistical Center (NSCISC), a government-funded and managed injury database, more than 2,75,000 Americans suffer severe spinal cord injuries each year. Nearly 52% of these patients develop paraplegia. There were 2.1 million people living with limb loss in the U.S. in 2017, and this number is expected to be doubled by 2050, according to the National Center for Biotechnology Information (NCBI). Many key players are designing exoskeletons for orthopedic rehabilitation to help patients who are recovering from a stroke or other conditions.
Increasing prevalence of stroke to fuel the global exoskeleton market growth
Stroke is one of the leading causes of acquired disability in the world, with survival rates improving as medical care and treatment techniques develop further. The growing geriatric population in the continent, which is vulnerable to strokes and mobility issues, would demand the deployment of rehabilitation therapy procedures. Increasing population with stroke-related disabilities and those who experience limitations in communication and movement is contributing to the growth in demand for exoskeletons. For instance, as of 2019, there were more than 7,95,000 stroke cases in the U.S. Stroke costs the U.S. an estimated $34 billion each year according to the Centers for Disease Control and Prevention. In addition, more than 50% of stroke survivors have long-term walking impairment due to hemiplegia or hemiparesis. According to the Burden of Stroke in Europe, between 2015 and 2035, there will be a 34% increase in the total number of stroke events in the EU from 613,148 in 2015 to 819,771 in 2035.
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Soft exoskeletons are expected to register rapid growth in the exoskeleton market during forecast period
Soft exoskeletons offer a wide variety of benefits as compared to the rigid exoskeletons including construction from flexible materials that utilize bowden cables, air muscles, and filaments for easier body movement. The increasing popularity of soft exoskeletons coupled with technological advancements in soft wearables is driving the soft exoskeleton market over the forecast period.
Asia Pacific: The fastest-growing market
At present, the adoption of exoskeleton is low in the Asia-Pacific region, but it holds a strong potential for growth in the upcoming years. Rapid growth in population and increasing economic development is supporting the growth of this region within the exoskeleton market. The countries in this region, such as China, India, and South Korea, are among the most technologically developing countries across the globe, providing strong growth opportunities for players operating in the market. Moreover, the factors such as growing geriatric population and increasing prevalence of stroke & SCIs, presence of a large pool of patients, growing disposable income, and availability of government funding are further expected to drive the growth of the Asia Pacific market during the forecast period.
Key Players
Some of the key players operating in the global exoskeleton market are ReWalk Robotics Ltd. (Israel), Lockheed Martin Corporation (U.S.), Parker Hannifin Corporation (U.S.), Ekso Bionics Holdings, Inc. (U.S.), Hyundai Motor Company (South Korea), Bionik Laboratories Corporation (U.S.), Myomo, Inc. (U.S.), Honda Motor Co. Ltd. (Japan), Technaid. S.L. (Spain), Gogoa Mobility Robots SL (Spain), Suitx Inc. (U.S.), Otto Bock HealthCare GmbH (Germany), Wearable Robotics SRL (Italy), DIH Technologies Corporation (Switzerland), and B-Temia Inc. (U.S.), among others.
Scope of the Report:
Exoskeleton Market, by product type
Exoskeleton Market, by Power Type
Exoskeleton Market, by Body Type
Exoskeleton Market, by End-Use Industry
Exoskeleton Market, by Mobility
Exoskeleton Market, by Geography
Key questions answered in the report:
We are in the phase of updating this report by analysing the impact of COVID-19 on this market.
1. Introduction
1.1. Market Definition
1.2. Market Ecosystem
1.3. Currency and Limitations
1.3.1. Currency
1.3.2. Limitations
1.4. Key Stakeholders
2. Research Methodology
2.1. Research Approach
2.2. Data Collection and Validation
2.1.1. Primary Research
2.1.2. Secondary Research
2.3. Market Assessment
2.3.1. Market Size Estimation
2.3.1.1. Bottom-up Approach
2.3.1.2. Top-Down Approach
2.3.1.3. Growth Forecast
2.3.2. Market Share Analysis
2.4. Assumptions for study
3. Executive Summary
3.1. Market Overview
3.2. Market Analysis, by Product Type
3.3. Market Analysis, by Power Type
3.4. Market Analysis, by Body Type
3.5. Market Analysis, by End-use Industry
3.6. Market Analysis, by Mobility
3.7. Market Analysis, by Geography
3.8. Competitive Analysis
4. Market Insights
4.1. Introduction
4.2. Market Dynamics
4.2.1. Drivers
4.2.1.1. Growing demand from the healthcare sector for orthopedic rehabilitation
4.2.1.2. Growing investment of military & defense sector in the exoskeletons
4.2.1.3. Increasing prevalence of stroke
4.2.2. Restraints
4.2.2.1. Stringent government regulations pertaining to medical applications
4.2.3. Opportunities
4.2.3.1. Replacement of conventional prosthetics with exoskeleton technology
4.2.3.2. Increasing adoption of human augmentation in industrial and other end-use sectors
4.2.4. Challenges
4.2.4.1. High procurement cost associated with exoskeletons
4.2.4.2 lack of reliability issues with existing technology
4.2.5. Trends
4.2.5.1. Introduction of new composite material for better performance
5. Exoskeleton Market, by Product Type
5.1. Introduction
5.2. Soft Exoskeleton
5.3. Rigid Exoskeleton
6. Exoskeleton Market, by Power Type
6.1. Introduction
6.2. Powered Exoskeleton
6.3. Passive Exoskeleton
7. Exoskeleton Market, by Body Type
7.1. Introduction
7.2. Complete Body
7.3. Lower Extremities
7.4. Upper Extremities
8. Exoskeleton Market, by End-Use Industry
8.1. Introduction
8.2. Industrial
8.3. Military
8.4 Healthcare
8.5 Others
9. Exoskeleton Market, by Mobility
9.1. Introduction
9.2. Stationary
9.3. Mobile
10. Exoskeleton Market, by Geography
10.1. Introduction
10.2. North America
10.2.1. U.S.
10.2.2. Canada
10.3. Europe
10.3.1. Germany
10.3.2. Italy
10.3.3. France
10.3.4. U.K.
10.3.5. Spain
10.3.6. Rest of Europe
10.4. Asia Pacific
10.4.1. Japan
10.4.2. India
10.4.3. China
10.4.4. Rest of Asia Pacific
10.5. Latin America
10.6. Middle East & Africa
11. Competitive Landscape
11.1 Competitive Growth Strategies
11.1.1 New Product Launches
11.1.2. Mergers and Acquisitions
11.1.3. Partnerships, Agreements, and Collaborations
11.1.4. Expansion
11.2 Market Share Analysis
11.3 Competitive Benchmarking
12. Company Profiles (Business Overview, Financial Overview, Product Portfolio, and Strategic Developments)
12.1. ReWalk Robotics Ltd.
12.2. Lockheed Martin Corporation
12.3. Parker Hannifin Corporation
12.4. Ekso Bionics Holdings, Inc.
12.5. Hyundai Motor Company
12.6. Bionik Laboratories Corporation
12.7. Myomo, Inc.
12.8. Honda Motor Co. Ltd.
12.9. Technaid. S.L.
12.12. Gogoa Mobility Robots SL
12.11. Suitx Inc.
12.12. Otto Bock HealthCare GmbH
12.13. Wearable Robotics SRL
12.14. DIH Technologies Corporation
12.15. B-Temia Inc.
13. Appendix
13.1. Questionnaire
13.2. Available Customization
Table of Content
Table 1 Global Exoskeleton Market Size, by Product Type, 2019-2027($Million)
Table 2 Global Product Type Market Size, by Country/Region, 2019-2027($Million)
Table 3 Soft Exoskeleton Market Size, by Country/Region, 2019-2027($Million)
Table 4 Rigid Exoskeleton Market Size, by Country/Region, 2019-2027($Million)
Table 5 Global Exoskeleton Market Size, by Power Type, 2019-2027($Million)
Table 6 Powered Exoskeleton Market, by Country/Region, 2019-2027($Million)
Table 7 Passive Exoskeleton Market, by Country/Region, 2019-2027($Million)
Table 8 Global Exoskeleton Market Size, by Body Type, 2019-2027($Million)
Table 9 Complete Body Exoskeleton Market, by Country/Region, 2019-2027($Million)
Table 10 Upper Extremities Exoskeleton Market, by Country/Region, 2019-2027($Million)
Table 11 Lower Extremities Exoskeleton Market, by Country/Region, 2019-2027($Million)
Table 12 Exoskeleton Market Size for End-Use Industry, 2019-2027($Million)
Table 13 Exoskeleton Market Size for Industrial Vertical, by Country/Region, 2019-2027($Million)
Table 14 Exoskeleton Market Size for Military Vertical, by Country/Region, 2019-2027($Million)
Table 15 Exoskeleton Market Size for Healthcare Vertical, by Country/Region, 2019-2027($Million)
Table 16 Exoskeleton Market Size for Other Vertical, by Country/Region, 2019-2027($Million)
Table 17 Global Exoskeleton Market, by Country/Region, 2017-2025 ($Million)
Table 18 North America: Exoskeleton Market, by Country/Region, 2017-2025 ($Million)
Table 19 North America: Exoskeleton Market, by Product Type, 2017-2025 ($Million)
Table 20 North America: Exoskeleton Market, by Power Type, 2017-2025 ($Million)
Table 21 North America: Exoskeleton Market, by Body Type, 2017-2025 ($Million)
Table 22 North America: Exoskeleton Market, by End-Use Industry, 2017-2025 ($Million)
Table 23 North America: Exoskeleton Market, by Mobility, 2017-2025 ($Million)
Table 24 U.S.: Exoskeleton Market, by Product Type, 2017-2025 ($Million)
Table 25 U.S.: Exoskeleton Market, by Power Type, 2017-2025 ($Million)
Table 26 U.S.: Exoskeleton Market, by Body Type, 2017-2025 ($Million)
Table 27 U.S.: Exoskeleton Market, by End-Use Industry, 2017-2025 ($Million)
Table 28 U.S.: Exoskeleton Market, by Mobility, 2017-2025 ($Million)
Table 29 Canada: Exoskeleton Market, by Product Type, 2017-2025 ($Million)
Table 30 Canada: Exoskeleton Market, by Power Type, 2017-2025 ($Million)
Table 31 Canada: Exoskeleton Market, by Body Type, 2017-2025 ($Million)
Table 32 Canada: Exoskeleton Market, by End-Use Industry, 2017-2025 ($Million)
Table 33 Canada: Exoskeleton Market, by Mobility, 2017-2025 ($Million)
Table 34 Europe: Exoskeleton Market, by Country/Region, 2017-2025 ($Million)
Table 35 Europe: Exoskeleton Market, by Product Type, 2017-2025 ($Million)
Table 36 Europe: Exoskeleton Market, by Power Type, 2017-2025 ($Million)
Table 37 Europe: Exoskeleton Market, by Body Type, 2017-2025 ($Million)
Table 38 Europe: Exoskeleton Market, by End-Use Industry, 2017-2025 ($Million)
Table 39 Europe: Exoskeleton Market, by Mobility, 2017-2025 ($Million)
Table 40 Germany: Exoskeleton Market, by Product Type, 2017-2025 ($Million)
Table 41 Germany: Exoskeleton Market, by Power Type, 2017-2025 ($Million)
Table 42 Germany: Exoskeleton Market, by Body Type, 2017-2025 ($Million)
Table 43 Germany: Exoskeleton Market, by End-Use Industry, 2017-2025 ($Million)
Table 44 Germany: Exoskeleton Market, by Mobility, 2017-2025 ($Million)
Table 45 U.K.: Exoskeleton Market, by Product Type, 2017-2025 ($Million)
Table 46 U.K.: Exoskeleton Market, by Power Type, 2017-2025 ($Million)
Table 47 U.K.: Exoskeleton Market, by Body Type, 2017-2025 ($Million)
Table 48 U.K.: Exoskeleton Market, by End-Use Industry, 2017-2025 ($Million)
Table 49 U.K.: Exoskeleton Market, by Mobility, 2017-2025 ($Million)
Table 50 France: Exoskeleton Market, by Product Type, 2017-2025 ($Million)
Table 51 France: Exoskeleton Market, by Power Type, 2017-2025 ($Million)
Table 52 France: Exoskeleton Market, by Body Type, 2017-2025 ($Million)
Table 53 France: Exoskeleton Market, by End-Use Industry, 2017-2025 ($Million)
Table 54 France: Exoskeleton Market, by Mobility, 2017-2025 ($Million)
Table 55 Italy: Exoskeleton Market, by Product Type, 2017-2025 ($Million)
Table 56 Italy: Exoskeleton Market, by Power Type, 2017-2025 ($Million)
Table 57 Italy: Exoskeleton Market, by Body Type, 2017-2025 ($Million)
Table 58 Italy: Exoskeleton Market, by End-Use Industry, 2017-2025 ($Million)
Table 59 Italy: Exoskeleton Market, by Mobility, 2017-2025 ($Million)
Table 60 Spain: Exoskeleton Market, by Product Type, 2017-2025 ($Million)
Table 61 Spain: Exoskeleton Market, by Power Type, 2017-2025 ($Million)
Table 62 Spain: Exoskeleton Market, by Body Type, 2017-2025 ($Million)
Table 63 Spain: Exoskeleton Market, by End-Use Industry, 2017-2025 ($Million)
Table 64 Spain: Exoskeleton Market, by Mobility, 2017-2025 ($Million)
Table 65 RoE: Exoskeleton Market, by Product Type, 2017-2025 ($Million)
Table 66 RoE: Exoskeleton Market, by Power Type, 2017-2025 ($Million)
Table 67 RoE: Exoskeleton Market, by Body Type, 2017-2025 ($Million)
Table 68 RoE: Exoskeleton Market, by End-Use Industry, 2017-2025 ($Million)
Table 69 RoE: Exoskeleton Market, by Mobility, 2017-2025 ($Million)
Table 70 Asia Pacific: Exoskeleton Market, by Country/Region, 2017-2025 ($Million)
Table 71 Asia Pacific: Exoskeleton Market, by Product Type, 2017-2025 ($Million)
Table 72 Asia Pacific: Exoskeleton Market, by Power Type, 2017-2025 ($Million)
Table 73 Asia Pacific: Exoskeleton Market, by Body Type, 2017-2025 ($Million)
Table 74 Asia Pacific: Exoskeleton Market, by End-Use Industry, 2017-2025 ($Million)
Table 75 Asia Pacific: Exoskeleton Market, by Mobility, 2017-2025 ($Million)
Table 76 China: Exoskeleton Market, by Product Type, 2017-2025 ($Million)
Table 77 China: Exoskeleton Market, by Power Type, 2017-2025 ($Million)
Table 78 China: Exoskeleton Market, by Body Type, 2017-2025 ($Million)
Table 79 China: Exoskeleton Market, by End-Use Industry, 2017-2025 ($Million)
Table 80 China: Exoskeleton Market, by Mobility, 2017-2025 ($Million)
Table 81 Japan: Exoskeleton Market, by Product Type, 2017-2025 ($Million)
Table 82 Japan: Exoskeleton Market, by Power Type, 2017-2025 ($Million)
Table 83 Japan: Exoskeleton Market, by Body Type, 2017-2025 ($Million)
Table 84 Japan: Exoskeleton Market, by End-Use Industry, 2017-2025 ($Million)
Table 85 Japan: Exoskeleton Market, by Mobility, 2017-2025 ($Million)
Table 86 India: Exoskeleton Market, by Product Type, 2017-2025 ($Million)
Table 87 India: Exoskeleton Market, by Power Type, 2017-2025 ($Million)
Table 88 India: Exoskeleton Market, by Body Type, 2017-2025 ($Million)
Table 89 India: Exoskeleton Market, by End-Use Industry, 2017-2025 ($Million)
Table 90 India: Exoskeleton Market, by Mobility, 2017-2025 ($Million)
Table 91 RoAPAC: Exoskeleton Market, by Product Type, 2017-2025 ($Million)
Table 92 RoAPAC: Exoskeleton Market, by Power Type, 2017-2025 ($Million)
Table 93 RoAPAC: Exoskeleton Market, by Body Type, 2017-2025 ($Million)
Table 94 RoAPAC: Exoskeleton Market, by End-Use Industry, 2017-2025 ($Million)
Table 95 RoAPAC: Exoskeleton Market, by Mobility, 2017-2025 ($Million)
Table 96 Latin America: Exoskeleton Market, by Product Type, 2017-2025 ($Million)
Table 97 Latin America: Exoskeleton Market, by Power Type, 2017-2025 ($Million)
Table 98 Latin America: Exoskeleton Market, by Body Type, 2017-2025 ($Million)
Table 99 Latin America: Exoskeleton Market, by End-Use Industry, 2017-2025 ($Million)
Table 100 Latin America: Exoskeleton Market, by Mobility, 2017-2025 ($Million)
Table 101 MEA: Exoskeleton Market, by Product Type, 2017-2025 ($Million)
Table 102 MEA: Exoskeleton Market, by Power Type, 2017-2025 ($Million)
Table 103 MEA: Exoskeleton Market, by Body Type, 2017-2025 ($Million)
Table 104 MEA: Exoskeleton Market, by End-Use Industry, 2017-2025 ($Million)
Table 105 MEA: Exoskeleton Market, by Mobility, 2017-2025 ($Million)
List of figures
Figure 1 Research Process
Figure 2 Key Executives Interviewed
Figure 3 Primary Research Techniques
Figure 4 Market Size Estimation
Figure 5 Key Opportunities
Figure 6 Key Adopters of Exoskeleton
Figure 7 Exoskeleton Market Overview: 2019-2027
Figure 8 Global Edge Computings Market, by Geography, 2017
Figure 9 Global Exoskeleton Market Size, by Product Type, 2019-2027($Million)
Figure 10 Global Exoskeleton Market Size, by Power Type, 2019-2027($Million)
Figure 11 Global Exoskeleton Market Size, by Body Type, 2019-2027($Million)
Figure 12 Global Exoskeleton Market Size, by End-Use Industry, 2019-2027($Million)
Figure 13 Global Exoskeleton Market Size, by Mobility, 2019-2027($Million)
Figure 14 Global Exoskeleton Market Size, by Region, 2019-2027($Million)
Figure 15 Growth Strategies Adopted by the Key Players, 2016-2019
Figure 16 ReWalk Robotics Ltd.: Financial Overview (2016-2018)
Figure 17 Lockheed Martin Corporation: Financial Overview (2016-2018)
Figure 18 Parker Hannifin Corporation: Financial Overview (2016-2018)
Figure 19 Ekso Bionics Holdings, Inc.: Financial Overview (2016-2018)
Figure 20 Hyundai Motor Company: Financial Overview (2016-2018)
Figure 21 Bionik Laboratories Corporation: Financial Overview (2016-2018)
Figure 22 Myomo, Inc.: Financial Overview (2016-2018)
Figure 23 Honda Motor Co. Ltd.: Financial Overview (2016-2018)
We are in the phase of updating this report by analysing the impact of COVID-19 on this market.
We are in the phase of updating this report by analysing the impact of COVID-19 on this market.
Published Date: Sep-2022
