DUBLIN, June 28, 2023 /PRNewswire/ -- The "Exoskeleton Robots: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Exoskeleton Robots estimated at US$896.5 Million in the year 2022, is projected to reach a revised size of US$4.6 Billion by 2030, growing at a CAGR of 22.6% over the analysis period 2022-2030.
Healthcare, one of the segments analyzed in the report, is projected to record a 22.1% CAGR and reach US$2.2 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Industrial segment is readjusted to a revised 24.5% CAGR for the next 8-year period.
The U.S. Market is Estimated at $384.8 Million, While China is Forecast to Grow at 26.7% CAGR
The Exoskeleton Robots market in the U.S. is estimated at US$384.8 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$613.2 Million by the year 2030 trailing a CAGR of 26.7% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 18% and 20.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 22.2% CAGR.
Select Competitors (Total 102 Featured) -
- ATOUN Inc.
- Bioness Inc.
- Bionik Laboratories Corp.
- Bioservo Technologies AB
- B-Temia Inc.
- Cyberdyne Inc.
- Ekso Bionics Holdings Inc.
- Gogoa Mobility Robots
- Hocoma AG
- Lockheed Martin Corporation
- Parker-Hannifin Corporation
- RB3D
- Rehab-Robotics Company Limited
- ReWalk Robotics Ltd.
- Rex Bionics Ltd.
- suitX (US Bionics)
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Exoskeleton Robots - Global Key Competitors Percentage Market Share in 2022 (E)
- Impact of COVID-19 and a Looming Global Recession
- COVID-19 Leaves the World in Shambles & Industries and Markets Upended: World Economic Growth Projections (Real GDP, Annual % Change) for 2019E to 2022F
- COVID-19 Provides Major Springboard to Full-Body, Powered Exoskeleton Deployment
- Pandemic Compels Senior Care Facilities to Use Modern Technologies for Better Care
- Disruptions in Military Training Inflicts Direct Blow on Exoskeleton Robotics Market
- Infection Spread Disrupts Military Personnel Training & Troop Deployment: Cumulative Number of COVID-19 Cases Across the Defense Department in the U.S. in May, June, September & November 2020
- Exoskeleton Robots: Wearable Machines to Augment Human Strength
- Increasing Adoption of Active & Passive Exoskeletons
- Rising Demand Amps Up Global Robotic Exoskeletons Market to Action-Packed Future
- Mobile Exoskeletons Dominate and Buoy the Market
- Active and Passive Exoskeletons: Primary Segments of Robotic Exoskeletons
- Prominent Factors with Positive Cascading Effect on Robotic Exoskeletons Market
- High Adoption in Medical & Military Applications
- Technological Advances to Drive Growth
- Select Innovations & Advancements
- Analysis by End-Use: Healthcare Remains Primary Segment
- World Exoskeleton Robots Market by End-Use (2020 & 2027): Percentage Breakdown of Revenues for Healthcare, Industrial, and Other End-Uses
- Regional Analysis: North America Remains the Most Lucrative Market
- World Exoskeleton Robots Market by Region (2020 & 2027): Percentage Breakdown of Revenues for Developed and Developing Regions
- Global Exoskeleton Robots Market: Geographic Regions Ranked by CAGR (Value) for 2020-2027: China, Asia-Pacific, Rest of World, USA, Europe, Canada, and Japan
- Competitive Scenario
- Budding Market for Robotic Exoskeletons Marked by Fierce Competition
- Recent Market Activity
- Exoskeleton Robots Competitor Market Share Scenario Worldwide (in %): 2020(E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- Healthcare Sector Steers Momentum in the Exoskeleton Robots Market
- Rehabilitation Exoskeleton Robots Set to Make Big Gains
- Exoskeleton Robots Helping Paraplegics to Walk Again
- Recent Exoskeleton Advancements for Delivering Enhanced Mobility Therapy
- Increasing Incidence of Neurological, Musculoskeletal and Chronic Medical Conditions to Steer Adoption
- Global Osteoporosis Prevalence: Number of People with Osteoporosis in Millions by Select Country/Region for 2012 and 2022P
- Percentage (%) of Women Affected by Osteoporosis
- Importance of Physical Therapy for Stroke Survivors Bodes Well
- Select Arm and Hand Robotic Devices
- Select Leg and Foot Robotic Devices
- Rising Incidence of Physical Disabilities Steers Importance of Rehabilitation Robots
- Percentage of Population with Disabilities by Age Group
- Growing Geriatric Population & Parallel Increase in Prevalence of Age-Related Conditions: Strong Business Case for Rehabilitation Exoskeleton Robots
- Global Aging Population Statistics for the 65+ Age Group in Million by Geographic Region for the Years 2019, 2025, 2035 and 2050
- Elderly Population (65+ Years) as a % of Total Population by Developed, Less Developed and Least Developed Regions: 2019 & 2030
- Rising Care Costs & Shortage of Home Care Workers for Disabled and Elderly Turn Focus onto Rehabilitation Robots
- Annual Cost of Full-Time Home Health Aide (in $) in the US for 2004-2019
- Long-term Care Workers in the US: Percentage Breakdown of Workforce by Type for 2020
- Resolving Prevailing Issues & Challenges: Critical for Future Success of Rehabilitation Exoskeleton Robots
- Exoskeleton Robots Poised to Transform Industrial Sector
- Industrial Exoskeleton Robots Promise Increased Worker Productivity & Reduced Workplace Injuries
- Current Trends in Industrial Automation & Industry 4.0 Favor Uptake
- Major Industry 4.0 Technologies: Global Market Size (US$ Billion) for Internet of Things (IoT), Big Data, Smart Factory, Advanced Analytics, Service Robotics, and Smart Machines for 2020
- As Defense Departments Lean towards Advanced Technologies, Opportunities Galore for Military Exoskeleton Robots
- Global Defense Budget (In US$ Billion) for the Years 2019, 2021 and 2023
- New Range of Military Exoskeletons Come to the Fore to Address Stringent Requirements of Infantry Squads
- Emphasis on Soldier Protection & Strengthening Infantry Capabilities Widen the Business Case
- Global Active Ready-to-Fight Military Manpower (In 000s) by Country
- Exoskeleton Robots Augment Military Wearable Technology
- AI Steps into Reinforce Military Exoskeleton Robots
- US Marines to Test Real-Life Exoskeleton Robots
- Construction Sector: A Niche Domain for Exoskeleton Robots
- Smart Exoskeleton Market Poised to Witness Robust Growth
- Smart Textiles to Play an Important Role in the Development of Smart Exoskeletons
- Global Smart Textile Market (In US$ Billion) for Years
- Ongoing Research Efforts to Open New Avenues
- Lack of Standards Holding Back Exoskeleton Adoption
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/lh1isz
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