Global Wearable Robotic Exoskeleton

Global Wearable Robotic Exoskeleton Market Research Report: Forecast (2021-2026)

By Type (Fixed Exoskeleton, Mobile Exoskeleton), By Operation (Active Exoskeleton, Passive Exoskeleton), By Form (Hard Exoskeleton, Soft Exoskeleton), By Limb (Upper Limb, Lower Limb, Full Body), By Read more

  • ICT & Electronics
  • Feb 2022
  • 242
  • IT22009

Market Definition

Wearable Robotic Exoskeleton is a technology with high potential to assist humans using sensorimotor impairments to perform daily activities. It is an electromechanical device worn by humans to improve their mobility, strength, and performance while doing any task. It is powered mainly by the combination of electric motors, pneumatics, levers, & hydraulics.

The assistance provided by wearable robotic exoskeletons allows individuals to be physically & socially active and perform activities independently, which further helps enhance their quality of life. It has proven its effectiveness across various industries, including healthcare, by providing patients with strength & mobility to defense by reducing the risk of strain injuries to soldiers. Since wearable robotic exoskeleton technology is attached directly in contact with the body, the system & assistance must be efficient, safe, and usable regularly by the individual.

Market insights

The Global Wearable Robotic Exoskeleton Market is anticipated to grow at a CAGR of around 42% during the forecast period, i.e., 2021-26. The growth of the market is driven primarily by the mounting adoption of wearable robotic technology for military & medical uses, the rapidly growing geriatric population, and surging physical disabilities. Besides, the increasing incidences of Spinal Cord Injuries (SCIs) and the rapid expansion of the healthcare industry with technological advancements shall also drive the global market during 2021-26. 

Moreover, the defense sector has experienced ascension in the market growth owing to the thriving demand for wearable robotic exoskeleton across the Asia-Pacific & Europe. These devices are of extreme use across numerous industries and are have promising growth potential over the forecast years. Initially, their demand was driven mainly by the healthcare & military sectors. However, aerospace, automotive, & many more end-users are also contributing to the significantly growing market. 

Exoskeleton solutions are being adopted extensively across industries to facilitate employee health & boost their productivity. It has led to numerous startups expertizing in exoskeleton technology & offering rehabilitation-related solutions. Furthermore, the constantly growing exoskeleton industry is encouraging market players to devise innovative product development strategies to escalate the adoption rate in the coming years. For instance:

  • In June 2021, suitX launched a novel wearable exoskeleton shieldX, designed for health workers who require wearing heavy anti-radiation aprons and are prone to suffer from neck & back problems.
Report Coverage Details
Study Period Historical Data: 2016-19
Base Year: 2020
Forecast Period: 2021-26
CAGR (2021-2026) 42%
Regions Covered North America: USA, Canada, Mexico
Europe: Germany, UK, France, Italy, Spain, Russia
Asia-Pacific: China, India, Japan, South Korea, Australia
South America: Brazil, and Argentina
Middle East & Africa: UAE, Saudi Arabia, South Africa
Key Companies Profiled (ATOUN Inc., B-Temia Inc., Bionik Laboratories Corporation, Cyberdyne Inc., Daiya Industry Co., Ltd., Ekso Bionics, Focal Meditech BV, Hocoma AG, Hyundai Motor Company, Honda Motor Co., Ltd., Lockheed Martin, Mitsubishi Heavy Industries Ltd., Myomo Inc., P&S Mechanics Co. Ltd., Parker Hannifin Corporation, ReWalk Robotics Ltd., Rex Bionics PLC
Unit Denominations USD Million/Billion

 

Impact of the Covid-19 on the Global Wearable Robotic Exoskeleton Market

The Covid-19 pandemic in 2020 adversely impacted the global economy due to the imposition of lockdown that led to the temporary shutdown of manufacturing units & other industries. It, in turn, resulted in a sharp decline in the demand for wearable robotic exoskeletons owing to supply chain disruptions & brought robot suppliers to a complete cease. Additionally, reduced capital expenses by companies operating in the market also significantly impacted the market growth.

However, the global pandemic did provide a lucrative growth opportunity to the healthcare sector, which focused on clinical difficulties & adopted advanced technologies. As a result, the demand for wearable robotic exoskeletons witnessed substantial growth in healthcare facilities. Besides, the surge in clinical trials amidst the pandemic and the soaring support by key market participants significantly benefitted the Global Wearable Robotic Exoskeleton Market.

Furthermore, with ease in the restrictions in the shipping, delivery, training, and fulfillment of delayed orders across various regions worldwide, the market is set to revive from financial losses and witness exponential growth in the years to come.

  1. Introduction
    1. Research Process
    2. Assumption
    3. Market Segmentation
    4. Market Definition
  2. Executive Summary
  3. Expert Verbatim- What our Experts Say?
  4. Impact of IOT, AI, IR & VR on Global Wearable Robotic Exoskeleton Market
  5. Material Advancements in Global Wearable Robotic Exoskeleton Market
  6. Global Wearable Robotic Exoskeleton Market Start-up Ecosystem, 2016-2021
    1. Entrepreneurial Activity
    2. Year On Year Funding Received
    3. Funding Received by Top Companies
    4. Key Investors Active in the Market
    5. Series Wise Funding Received
      1. Seed Funding
      2. Angel Investing
      3. Venture Capital
      4. Others
  7. Global Wearable Robotic Exoskeleton Market Value Chain Analysis
  8. Global Wearable Robotic Exoskeleton Market Outlook, 2016-2026F
    1. Market Size and Analysis
      1. By Revenues
      2. By Unit Sold
    2. Market Share and Analysis
      1. By Type
        1. Fixed Exoskeleton
        2. Mobile Exoskeleton
      2. By Operation
        1. Active Exoskeleton
        2. Passive Exoskeleton
      3. By Form
        1. Hard Exoskeleton
        2. Soft Exoskeleton
      4. By Limb
        1. Upper Limb
        2. Lower Limb
        3. Full Body
      5. By Sales Channel
        1. Subscription
        2. Direct Purchase
        3. Resell and Upgrade
      6. By Component
        1. Hardware
        2. Software
      7. By End User
        1. Defence
        2. Healthcare
        3. Industrial
        4. Commercial
      8. By Region
        1. North America
        2. South America
        3. Europe
        4. Middle East & Africa
        5. Asia-Pacific
      9. By Company
        1. Revenue Shares
        2. Strategic Factorial Indexing
        3. Competitor Placement in Markntel Quadrant
  9. North America Wearable Robotic Exoskeleton Market Outlook, 2016-2026F
    1. Market Size and Analysis
      1. By Revenues
      2. By Unit Sold
    2. Market Share and Analysis
      1. By Type
      2. By Operation
      3. By Form
      4. By Limb
      5. By Sales Channel
      6. By End User
      7. By Component
      8. By Country
        1. US
        2. Canada
    3. The US Wearable Robotic Exoskeleton Market Outlook, 2016-2026F
      1. Market Size and Analysis
      2. By Revenues
      3. By Unit Sold
      4. Market Share and Analysis
        1. By Type
        2. By End User
    4. Canada Wearable Robotic Exoskeleton Market Outlook, 2016-2026F
      1. Market Size and Analysis
        1. By Revenues
        2. By Unit Sold
      2. Market Share and Analysis
        1. By Type
        2. By End User
  10. South America Wearable Robotic Exoskeleton Market Outlook, 2016-2026F
    1. Market Size and Analysis
      1. By Revenues
      2. By Unit Sold
    2. Market Share and Analysis
      1. By Type
      2. By Operation
      3. By Form
      4. By Limb
      5. By Sales Channel
      6. By End User
      7. By Component
      8. By Country
        1. Brazil
    3. Brazil Wearable Robotic Exoskeleton Market Outlook, 2016-2026F
      1. Market Size and Analysis
        1. By Revenues
        2. By Unit Sold
      2. Market Share and Analysis
        1. By Type
        2. By End User
  11. Europe Wearable Robotic Exoskeleton Market Outlook, 2016-2026F
    1. Market Size and Analysis
      1. By Revenues
      2. By Unit Sold
    2. Market Share and Analysis
      1. By Type
      2. By Operation
      3. By Form
      4. By Limb
      5. By Sales Channel
      6. By End User
      7. By Component
      8. By Country
        1. Germany
        2. France
        3. UK
        4. Russia
        5. Rest of Europe
    3. Germany Wearable Robotic Exoskeleton Market Outlook, 2016-2026F
      1. Market Size and Analysis
        1. By Revenues
        2. By Unit Sold
      2. Market Share and Analysis
        1. By Type
        2. By End User
    4. France Wearable Robotic Exoskeleton Market Outlook, 2016-2026F
      1. Market Size and Analysis
        1. By Revenues
        2. By Unit Sold
      2. Market Share and Analysis
        1. By Type
        2. By End User
    5. UK Wearable Robotic Exoskeleton Market Outlook, 2016-2026F
      1. Market Size and Analysis
        1. By Revenues
        2. By Unit Sold
      2. Market Share and Analysis
        1. By Type
        2. By End User
    6. Russia Wearable Robotic Exoskeleton Market Outlook, 2016-2026F
      1. Market Size and Analysis
        1. By Revenues
        2. By Unit Sold
      2. Market Share and Analysis
        1. By Type
        2. By End User
    7. Rest of Europe Wearable Robotic Exoskeleton Market Outlook, 2016-2026F
      1. Market Size and Analysis
        1. By Revenues
        2. By Unit Sold
      2. Market Share and Analysis
        1. By Type
        2. By End User
  12. Middle East & Africa Wearable Robotic Exoskeleton Market Outlook, 2016-2026F
    1. Market Size and Analysis
      1. By Revenues
      2. By Unit Sold
    2. Market Share and Analysis
      1. By Type
      2. By Operation
      3. By Form
      4. By Limb
      5. By Sales Channel
      6. By End User
      7. By Component
      8. By Country
        1. UAE
        2. Israel
        3. Rest of Middle East & Africa
    3. UAE Wearable Robotic Exoskeleton Market Outlook, 2016-2026F
      1. Market Size and Analysis
        1. By Revenues
        2. By Unit Sold
      2. Market Share and Analysis
        1. By Type
        2. By End User
    4. Israel Wearable Robotic Exoskeleton Market Outlook, 2016-2026F
      1. Market Size and Analysis
        1. By Revenues
        2. By Unit Sold
      2. Market Share and Analysis
        1. By Type
        2. By End User
    5. Rest of Middle East & Africa Wearable Robotic Exoskeleton Market Outlook, 2016-2026F
      1. Market Size and Analysis
        1. By Revenues
        2. By Unit Sold
      2. Market Share and Analysis
        1. By Type
        2. By End User
  13. Asia-Pacific Wearable Robotic Exoskeleton Market Outlook, 2016-2026F
    1. Market Size and Analysis
      1. By Revenues
      2. By Unit Sold
    2. Market Share and Analysis
      1. By Type
      2. By Operation
      3. By Form
      4. By Limb
      5. By Sales Channel
      6. By End User
      7. By Country
        1. China
        2. India
        3. Japan
        4. Rest of Asia Pacific
    3. China Wearable Robotic Exoskeleton Market Outlook, 2016-2026F
      1. Market Size and Analysis
        1. By Revenues
        2. By Unit Sold
      2. Market Share and Analysis
        1. By Type
        2. By End User
    4. India Wearable Robotic Exoskeleton Market Outlook, 2016-2026F
      1. Market Size and Analysis
        1. By Revenues
        2. By Unit Sold
      2. Market Share and Analysis
        1. By Type
        2. By End User
    5. Japan Wearable Robotic Exoskeleton Market Outlook, 2016-2026F
      1. Market Size and Analysis
        1. By Revenues
        2. By Unit Sold
      2. Market Share and Analysis
        1. By Type
        2. By End User
    6. Rest of Asia Pacific Wearable Robotic Exoskeleton Market Outlook, 2016-2026F
      1. Market Size and Analysis
        1. By Revenues
        2. By Unit Sold
      2. Market Share and Analysis
        1. By Type
        2. By End User
  14. Global Wearable Robotic Exoskeleton Market Policies, Regulations, Technology Standards  
  15. Global Wearable Robotic Exoskeleton Market Trends & Insights
  16. Global Wearable Robotic Exoskeleton Market Dynamics
    1. Growth Drivers
    2. Challenges
    3. Impact Analysis
  17. Global Wearable Robotic Exoskeleton Market Hotspot and Opportunities
  18. Global Wearable Robotic Exoskeleton Market Key Strategic Imperatives for Success and Growth
  19. Competitive Outlook
    1. Competition Matrix
      1. Technology Portfolio
      2. Brand Specialization
      3. Target Markets
      4. Target Technology
      5. Research & Development
      6. Strategic Alliances
      7. Strategic Initiatives
    2. Company Profiles (Business Description, Technology Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
      1. ATOUN Inc.
      2. B-Temia Inc.
      3. Bionik Laboratories Corporation
      4. Cyberdyne Inc.
      5. Daiya Industry Co., Ltd.
      6. Ekso Bionics
      7. Focal Meditech BV
      8. Hocoma AG
      9. Hyundai Motor Company
      10. Honda Motor Co., Ltd.
      11. Lockheed Martin
      12. Mitsubishi Heavy Industries Ltd.
      13. Myomo Inc.
      14. P&S Mechanics Co. Ltd.
      15. Parker Hannifin Corporation
      16. ReWalk Robotics Ltd.
      17. Rex Bionics PLC
  20. Disclaimer
Global Wearable Robotic Exoskeleton Market Segmentation
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