Exoskeleton Robotic System Market Demand & Growth by 2028
The exoskeleton robotic system market is expected to grow from US$ 1,001.14 million in 2021 to US$ 4,224.63 million by 2028; it is estimated to grow at a CAGR of 23.0% from 2022 to 2028.
The exoskeleton robot system is a type of human–robot cooperation system. Robotic exoskeletons are considered wearable robotic units controlled by computer boards to power a system of motors, pneumatics, levers, or hydraulics to restore locomotion. The exoskeleton robotic system market is growing due to rising incidence of stroke & musculoskeletal disorders and increasing strategic initiatives by market players.
Market Insights
Rising Incidence of Stroke and Musculoskeletal Disorders Drive Market Growth
Stroke continues to be a disease of major concern for public health, despite advancements in the medical industry. According to the Indian Stroke Association, the incidence of stroke in India has increased by ~100% over the past few decades. Furthermore, ~1.8 million people in India suffer a stroke yearly, and only early treatment can reduce morbidity and mortality. Even though the growing incidence of this noncommunicable disease threatens the larger population, stroke treatment and rehabilitation remain underdeveloped in the country. As per the Centers for Disease Control and Prevention, every year, more than 795,000 people in the US have a stroke, of which ~610,000 are first or new strokes. Further, stroke is the fifth-highest cause of death in the US, causing 147,810 deaths in 2018. Overall, there were an estimated 460,000 strokes in the US in 2019 (two-thirds were ischemic), 190,000 were stroke-related deaths, and 3.83 million stroke-disability-adjusted life years. Therefore, the rising incidences of stroke has increased the demand for exoskeleton robotic system for rehabilitation of stroke patients to help improve the quality of life.
Furthermore, musculoskeletal disorders affect the mobility of an individual. The rising prevalence of musculoskeletal disorders, such as tendinitis, sarcopenia, osteopenia, and low back injuries, is expected to fuel the need for exoskeletal robotic systems. According to the World Health Organization (WHO), musculoskeletal diseases affect ~1.71 billion people globally, and low back pain is the leading cause of disability in 160 countries. These exoskeletons robotic systems assist patients in managing their condition and regaining their mobility, thereby improving their overall quality of life. Thus, the rising prevalence of stroke and musculoskeletal disorders has fueled the use of exoskeletal robotic systems for rehabilitation.
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Exoskeleton Robotic System Market: Strategic Insights
Market Size Value in US$ 1,001.14 Million in 2021 Market Size Value by US$ 4,224.63 Billion by 2028 Growth rate CAGR of 23.0% from 2022 to 2028 Forecast Period 2022-2028 Base Year 2021
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Exoskeleton Robotic System Market: Strategic Insights
| Market Size Value in | US$ 1,001.14 Million in 2021 |
| Market Size Value by | US$ 4,224.63 Billion by 2028 |
| Growth rate | CAGR of 23.0% from 2022 to 2028 |
| Forecast Period | 2022-2028 |
| Base Year | 2021 |
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Increasing Technological Advancements and Rising Investments
The healthcare industry trends are changing drastically due to constant technological developments and innovations, enhancing healthcare services and quality of care. Various global exoskeleton robotic system market players are striving hard to acquire a larger market share, followed by rising investments in exoskeleton robotic systems on a global level. For instance, in April 2022, exoskeleton maker—RoboCT Technology Development Co.—completed a US$ 15.7 million (RMB 100 million) Series A+ financing round. Hangzhou, China-based RoboCT provides the disabled, the elderly, and medical rehabilitation institutes with intelligent rehabilitation devices and robotic technology with data analysis and cloud computing. Additionally, the surge in R&D activities by the companies is expected to accelerate the development of advanced systems for diverse application areas such as healthcare, chemical, defense, and commercial. The companies also hold their technology and intellectual property rights (IPR) that help them maintain their market share. For instance, RoboCT Technology Development Co. is involved in the research and development of exoskeleton technology in several fields, such as entertainment, industry, and sports. RoboCT has applied for over 100 intellectual Property Rights (IPRs) and has received more than 20 awards across different fields.
Also, constant technological advancements are expected to augment the market growth. The increased adoption of artificial intelligence (AI) and Internet of Things (IoT) in developing smart exoskeleton robotic systems is expected to complement the market growth. For instance, German Bionic has developed an AI-based exoskeleton robotic system that has added a smart safety companion, and the cloud-based platform for exoskeletons. Thus, the increasing technological advancements and rising investments are likely to catalyze the growth of the global exoskeleton robotic system market
Type-Based Insights
The exoskeleton robotic system market, based on type, is segmented into lower body exoskeleton, upper body exoskeleton, and full body exoskeleton. The lower body exoskeleton segment held the largest market share of the exoskeleton robotic system market in 2021 and upper body exoskeleton segment is likely to be the fastest-growing segment during the forecast period.
Type-Based Insights
The exoskeleton robotic system market, based on type, is segmented into lower body exoskeleton, upper body exoskeleton, and full body exoskeleton. The lower body exoskeleton segment accounted for the largest share of the market in 2021. The upper body exoskeleton segment is expected to register the highest CAGR of 23.6% during the forecast period.
Application-Based Insights
Based on application, the exoskeleton robotic system market is segmented into healthcare, defense, and industrial. The healthcare segment accounted for the largest share of the market in 2021. The industrial segment is expected to register the highest CAGR of 23.6% during the forecast period.
Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the exoskeleton robotic system market. The recent key market developments are listed below:
- In February 2022, Hocoma announced that the SwissNeuroRehab Flagship project will be supported by funding from the Swiss innovation agency Innosuisse. The SwissNeuroRehab project aims at developing and evaluating a novel model of neurorehabilitation along the continuum of care, from hospital to home, by combining the best available digital and technological methods to create innovative and efficient therapeutic programs tailored to the individual patient needs.
- In November 2021, FDA awarded breakthrough device designation to ReWalk ReBoot Soft Exo-Suit for stroke rehab at home. The ReBoot is a lightweight, battery-powered orthotic exo-suit intended to assist ambulatory functions in individuals with reduced ankle function due to neurological injuries and stroke. It is a sister product to the ReStore device, which received FDA clearance in 2019 for use in the rehabilitation setting.
Exoskeleton Robotic System Market Report Scope
Company Profiles - Exoskeleton Robotic System Market
- Lockheed Martin Corp
- Cyberdyne Inc
- Panasonic Holdings Corp
- Hocoma AG
- Rewalk Robotics Inc
- Ekso Bionics Holdings Inc
- Parker Hannifin Corp
- Myomo Inc
- B-Temia Inc
- AlterG Inc
- INNOPHYS Co., LTD.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type, and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Global exoskeleton robotic system market is segmented by region into North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. North America is likely to continue its dominance in the exoskeleton robotic system market during 2022–2028. The US holds the largest share of the market in North America and is expected to continue this trend during the forecast period.
Companies operating in the market are Lockheed Martin Corp; Cyberdyne Inc; Panasonic Holdings Corp; Hocoma AG; Rewalk Robotics Inc; Ekso Bionics Holdings Inc; Parker Hannifin Corp; Myomo Inc; B-Temia Inc; AlterG Inc; INNOPHYS Co., LTD. amongst others.
Based on application, the exoskeleton robotic system market is segmented into healthcare, defense, and industrial. The healthcare segment accounted for the largest share of the market in 2021.
The market for exoskeleton robotic systems is growing due to rising incidence of stroke & musculoskeletal disorders and increasing strategic initiatives by market players.
The exoskeleton robotic system market, based on type, is segmented into lower body exoskeleton, upper body exoskeleton, and full body exoskeleton. The lower body exoskeleton segment held the largest market share of the exoskeleton robotic system market in 2021 and upper body exoskeleton segment is likely to be the fastest-growing segment during the forecast period.
The exoskeleton robot system is a type of human–robot cooperation system. Robotic exoskeletons are considered wearable robotic units controlled by computer boards to power a system of motors, pneumatics, levers, or hydraulics to restore locomotion. The market for exoskeleton robotic systems is growing due to rising incidence of stroke & musculoskeletal disorders and increasing strategic initiatives by market players.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 Global Exoskeleton Robotic System Market – by Type
1.3.2 Global Exoskeleton Robotic System Market – by Application
1.3.3 Global Exoskeleton Robotic System Market – by Geography
2. Exoskeleton Robotic System Market – Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Exoskeleton Robotic System Market – Market Landscape
4.1 Overview
4.2 PEST Analysis
4.2.1 North America PEST Analysis
4.2.2 Europe PEST Analysis
4.2.3 Asia Pacific PEST Analysis
4.2.4 South & Central America PEST Analysis
4.2.5 Middle East & Africa PEST Analysis
4.3 Experts’ Opinion
5. Exoskeleton Robotic System Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Incidence of Stroke and Musculoskeletal Disorders
5.1.2 Increasing Strategic Initiatives
5.2 Market Restraints
5.2.1 High Cost of Exoskeleton Robotic Systems and Unfavorable Reimbursement Scenario
5.3 Market Opportunities
5.3.1 Rising Applications in Military & Defense Sector
5.4 Future Trends
5.4.1 Increasing Technological Advancements and Rising Investments
5.5 Impact Analysis
6. Exoskeleton Robotic System Market – Global Analysis
6.1 Global Exoskeleton Robotic System Market Revenue Forecast and Analysis
6.2 Global Exoskeleton Robotic System Market, by Geography – Forecast and Analysis
6.3 Market Positioning of Key Players
7. Global Exoskeleton Robotic System Market – Revenue and Forecast to 2028 – by Type
7.1 Overview
7.2 Exoskeleton Robotic System Market Revenue Share, by Type 2021 & 2028 (%)
7.3 Lower Body Exoskeleton
7.3.1 Overview
7.3.2 Lower Body Exoskeleton: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
7.4 Upper Body Exoskeleton
7.4.1 Overview
7.4.2 Upper Body Exoskeleton: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
7.5 Full Body Exoskeleton
7.5.1 Overview
7.5.2 Full Body Exoskeleton: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
8. Global Exoskeleton Robotic System Market Analysis and Forecast to 2028 – by Application
8.1 Overview
8.2 Global Exoskeleton Robotic System Market, by Application 2021 & 2028 (%)
8.3 Healthcare
8.3.1 Overview
8.3.2 Healthcare: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Defense
8.4.1 Overview
8.4.2 Defense: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
8.5 Industrial
8.5.1 Overview
8.5.2 Industrial: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
9. Exoskeleton Robotic System Market – Revenue and Forecast to 2028 – Geographic Analysis
9.1 North America: Exoskeleton Robotic System Market
9.1.1 Overview
9.1.2 North America: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
9.1.3 North America: Exoskeleton Robotic System Market, by Type, 2019–2028 (US$ Million)
9.1.4 North America: Exoskeleton Robotic System Market, by Application, 2019–2028 (US$ Million)
9.1.4.1 US: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
9.1.4.1.1 Overview
9.1.4.1.2 US: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
9.1.4.1.3 US: Exoskeleton Robotic System Market, by Type, 2019–2028 (US$ Million)
9.1.4.1.4 US: Exoskeleton Robotic System Market, by Application, 2019–2028 (US$ Million)
9.1.4.2 Canada: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
9.1.4.2.1 Overview
9.1.4.2.2 Canada: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
9.1.4.2.3 Canada: Exoskeleton Robotic System Market, by Type, 2019–2028 (US$ Million)
9.1.4.2.4 Canada: Exoskeleton Robotic System Market, by Application, 2019–2028 (US$ Million)
9.1.4.3 Mexico: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
9.1.4.3.1 Overview
9.1.4.3.2 Mexico: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
9.1.4.3.3 Mexico: Exoskeleton Robotic System Market, by Type, 2019–2028 (US$ Million)
9.1.4.3.4 Mexico: Exoskeleton Robotic System Market, by Application, 2019–2028 (US$ Million)
9.2 Europe: Exoskeleton Robotic System Market
9.2.1 Overview
9.2.2 Europe: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
9.2.3 Europe: Exoskeleton Robotic System Market, by Type, 2019–2028 (US$ Million)
9.2.4 Europe: Exoskeleton Robotic System Market, by Application, 2019–2028 (US$ Million)
9.2.5 Europe: Exoskeleton Robotic System Market, by Country, 2021 & 2028 (%)
9.2.5.1 Germany: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
9.2.5.1.1 Overview
9.2.5.1.2 Germany: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
9.2.5.1.3 Germany: Exoskeleton Robotic System Market, by Type, 2019–2028 (US$ Million)
9.2.5.1.4 Germany: Exoskeleton Robotic System Market, by Application, 2019–2028 (US$ Million)
9.2.5.2 UK: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
9.2.5.2.1 Overview
9.2.5.2.2 UK: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
9.2.5.2.3 UK: Exoskeleton Robotic System Market, by Type, 2019–2028 (US$ Million)
9.2.5.2.4 UK: Exoskeleton Robotic System Market, by Application, 2019–2028 (US$ Million)
9.2.5.3 France: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
9.2.5.3.1 Overview
9.2.5.3.2 France: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
9.2.5.3.3 France: Exoskeleton Robotic System Market, by Type, 2019–2028 (US$ Million)
9.2.5.3.4 France: Exoskeleton Robotic System Market, by Application, 2019–2028 (US$ Million)
9.2.5.4 Italy: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
9.2.5.4.1 Overview
9.2.5.4.2 Italy: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
9.2.5.4.3 Italy: Exoskeleton Robotic System Market, by Type, 2019–2028 (US$ Million)
9.2.5.4.4 Italy: Exoskeleton Robotic System Market, by Application, 2019–2028 (US$ Million)
9.2.5.5 Spain: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
9.2.5.5.1 Overview
9.2.5.5.2 Spain: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
9.2.5.5.3 Spain: Exoskeleton Robotic System Market, by Type, 2019–2028 (US$ Million)
9.2.5.5.4 Spain: Exoskeleton Robotic System Market, by Application, 2019–2028 (US$ Million)
9.2.5.6 Rest of Europe: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
9.2.5.6.1 Overview
9.2.5.6.2 Rest of Europe: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
9.2.5.6.3 Rest of Europe: Exoskeleton Robotic System Market, by Type, 2019–2028 (US$ Million)
9.2.5.6.4 Italy: Exoskeleton Robotic System Market, by Application, 2019–2028 (US$ Million)
9.3 Asia Pacific: Exoskeleton Robotic System Market
9.3.1 Overview
9.3.2 Asia Pacific: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
9.3.3 Asia Pacific: Exoskeleton Robotic System Market, by Type, 2019–2028 (US$ Million)
9.3.4 Asia Pacific: Exoskeleton Robotic System Market, by Application, 2019–2028 (US$ Million)
9.3.5 Asia Pacific: Exoskeleton Robotic System Market, by Country, 2021 & 2028 (%)
9.3.5.1 China: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
9.3.5.1.1 Overview
9.3.5.1.2 China: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
9.3.5.1.3 China: Exoskeleton Robotic System Market, by Type, 2019–2028 (US$ Million)
9.3.5.1.4 China: Exoskeleton Robotic System Market, by Application, 2019–2028 (US$ Million)
9.3.5.2 Japan: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
9.3.5.2.1 Overview
9.3.5.2.2 Japan: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
9.3.5.2.3 Japan: Exoskeleton Robotic System Market, by Type, 2019–2028 (US$ Million)
9.3.5.2.4 Japan: Exoskeleton Robotic System Market, by Application, 2019–2028 (US$ Million)
9.3.5.3 India: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
9.3.5.3.1 Overview
9.3.5.3.2 India: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
9.3.5.3.3 India: Exoskeleton Robotic System Market, by Type, 2019–2028 (US$ Million)
9.3.5.3.4 India: Exoskeleton Robotic System Market, by Application, 2019–2028 (US$ Million)
9.3.5.4 South Korea: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
9.3.5.4.1 Overview
9.3.5.4.2 South Korea: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
9.3.5.4.3 South Korea: Exoskeleton Robotic System Market, by Type, 2019–2028 (US$ Million)
9.3.5.4.4 South Korea: Exoskeleton Robotic System Market, by Application, 2019–2028 (US$ Million)
9.3.5.5 Australia: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
9.3.5.5.1 Overview
9.3.5.5.2 Australia: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
9.3.5.5.3 Australia: Exoskeleton Robotic System Market, by Type, 2019–2028 (US$ Million)
9.3.5.5.4 Australia: Exoskeleton Robotic System Market, by Application, 2019–2028 (US$ Million)
9.3.5.6 Rest of Asia Pacific: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
9.3.5.6.1 Overview
9.3.5.6.2 Rest of Asia Pacific: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
9.3.5.6.3 Rest of Asia Pacific: Exoskeleton Robotic System Market, by Type, 2019–2028 (US$ Million)
9.3.5.6.4 Rest of Asia Pacific: Exoskeleton Robotic System Market, by Application, 2019–2028 (US$ Million)
9.4 Middle East & Africa Exoskeleton Robotic System Market
9.4.1 Overview
9.4.2 Middle East & Africa: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
9.4.3 Middle East & Africa: Exoskeleton Robotic System Market, by Type, 2019–2028 (US$ Million)
9.4.4 Middle East & Africa: Exoskeleton Robotic System Market, by Application, 2019–2028 (US$ Million)
9.4.5 Middle East & Africa: Exoskeleton Robotic System Market, by Country, 2021 & 2028 (%)
9.4.5.1 UAE: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
9.4.5.1.1 Overview
9.4.5.1.2 UAE: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
9.4.5.1.3 UAE: Exoskeleton Robotic System Market, by Type, 2019–2028 (US$ Million)
9.4.5.1.4 UAE: Exoskeleton Robotic System Market, by Application, 2019–2028 (US$ Million)
9.4.5.2 Saudi Arabia: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
9.4.5.2.1 Overview
9.4.5.2.2 Saudi Arabia: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
9.4.5.2.3 Saudi Arabia: Exoskeleton Robotic System Market, by Type, 2019–2028 (US$ Million)
9.4.5.2.4 Saudi Arabia: Exoskeleton Robotic System Market, by Application, 2019–2028 (US$ Million)
9.4.5.3 South Africa: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
9.4.5.3.1 Overview
9.4.5.3.2 South Africa: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
9.4.5.3.3 South Africa: Exoskeleton Robotic System Market, by Type, 2019–2028 (US$ Million)
9.4.5.3.4 South Africa: Exoskeleton Robotic System Market, by Application, 2019–2028 (US$ Million)
9.4.5.4 Rest of Middle East & Africa: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
9.4.5.4.1 Overview
9.4.5.4.2 Rest of Middle East & Africa: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
9.4.5.4.3 Rest of Middle East & Africa: Exoskeleton Robotic System Market, by Type, 2019–2028 (US$ Million)
9.4.5.4.4 Rest of Middle East & Africa: Exoskeleton Robotic System Market, by Application, 2019–2028 (US$ Million)
9.5 South & Central America Exoskeleton Robotic System Market
9.5.1 Overview
9.5.2 South & Central America: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
9.5.3 South & Central America: Exoskeleton Robotic System Market, by Type, 2019–2028 (US$ Million)
9.5.4 South & Central America: Exoskeleton Robotic System Market, by Application, 2019–2028 (US$ Million)
9.5.5 South & Central America: Exoskeleton Robotic System Market, by Country, 2021 & 2028 (%)
9.5.5.1 Brazil: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
9.5.5.1.1 Overview
9.5.5.1.2 Brazil: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
9.5.5.1.3 Brazil: Exoskeleton Robotic System Market, by Type, 2019–2028 (US$ Million)
9.5.5.1.4 Brazil: Exoskeleton Robotic System Market, by Application, 2019–2028 (US$ Million)
9.5.5.2 Argentina: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
9.5.5.2.1 Overview
9.5.5.2.2 Argentina: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
9.5.5.2.3 Argentina: Exoskeleton Robotic System Market, by Type, 2019–2028 (US$ Million)
9.5.5.2.4 Argentina: Exoskeleton Robotic System Market, by Application, 2019–2028 (US$ Million)
9.5.5.3 Rest of South & Central America: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
9.5.5.3.1 Overview
9.5.5.3.2 Rest of South & Central America: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
9.5.5.3.3 Rest of South & Central America: Exoskeleton Robotic System Market, by Type, 2019–2028 (US$ Million)
9.5.5.3.4 Rest of South & Central America: Exoskeleton Robotic System Market, by Application, 2019–2028 (US$ Million)
10. Impact of COVID-19 Pandemic on Exoskeleton Robotic System Market
10.1 North America: Impact Assessment of COVID-19 Pandemic
10.2 Europe: Impact Assessment of COVID-19 Pandemic
10.3 Asia Pacific: Impact Assessment of COVID-19 Pandemic
10.4 Middle East & Africa: Impact Assessment of COVID-19 Pandemic
10.5 South & Central America: Impact Assessment of COVID-19 Pandemic
11. Global Exoskeleton Robotic System Market – Industry Landscape
11.1 Overview
11.2 Growth Strategies in Exoskeleton Robotic System Market
11.3 Organic Growth Strategies
11.3.1 Overview
11.4 Inorganic Growth Strategies
11.4.1 Overview
12. Company Profiles
12.1 Lockheed Martin Corp
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Cyberdyne Inc
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Panasonic Holdings Corp
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Hocoma AG
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 ReWalk Robotics Inc
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 Ekso Bionics Holdings Inc
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Parker Hannifin Corp
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Myomo Inc
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 B-Temia Inc
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 AlterG Inc
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
12.11 INNOPHYS CO., LTD.
12.11.1 Key Facts
12.11.2 Business Description
12.11.3 Products and Services
12.11.4 Financial Overview
12.11.5 SWOT Analysis
12.11.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Glossary of Terms
LIST OF TABLES
Table 1. North America Exoskeleton Robotic System Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 2. North America Exoskeleton Robotic System Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 3. US Exoskeleton Robotic System Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. US Exoskeleton Robotic System Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 5. Canada Exoskeleton Robotic System Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. Canada Exoskeleton Robotic System Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 7. Mexico Exoskeleton Robotic System Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. Mexico Exoskeleton Robotic System Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 9. Europe Exoskeleton Robotic System Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. Europe Exoskeleton Robotic System Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 11. Germany Exoskeleton Robotic System Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 12. Germany Exoskeleton Robotic System Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 13. UK Exoskeleton Robotic System Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 14. UK Exoskeleton Robotic System Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 15. France Exoskeleton Robotic System Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 16. France Exoskeleton Robotic System Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 17. Italy Exoskeleton Robotic System Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 18. Italy Exoskeleton Robotic System Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 19. Spain Exoskeleton Robotic System Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 20. Spain Exoskeleton Robotic System Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 21. Rest of Europe Exoskeleton Robotic System Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 22. Italy Exoskeleton Robotic System Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 23. Asia Pacific Exoskeleton Robotic System Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 24. Asia Pacific Exoskeleton Robotic System Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 25. China Exoskeleton Robotic System Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 26. China Exoskeleton Robotic System Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 27. Japan Exoskeleton Robotic System Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 28. Japan Exoskeleton Robotic System Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 29. India Exoskeleton Robotic System Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 30. India Exoskeleton Robotic System Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 31. South Korea Exoskeleton Robotic System Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 32. South Korea Exoskeleton Robotic System Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 33. Australia Exoskeleton Robotic System Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 34. Australia Exoskeleton Robotic System Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 35. Rest of Asia Pacific Exoskeleton Robotic System Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 36. Rest of Asia Pacific Exoskeleton Robotic System Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 37. Middle East & Africa Exoskeleton Robotic System Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 38. Middle East & Africa Exoskeleton Robotic System Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 39. UAE Exoskeleton Robotic System Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 40. UAE Exoskeleton Robotic System Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 41. Saudi Arabia Exoskeleton Robotic System Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 42. Saudi Arabia Exoskeleton Robotic System Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 43. South Africa Exoskeleton Robotic System Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 44. South Africa Exoskeleton Robotic System Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 45. Rest of Middle East & Africa Exoskeleton Robotic System Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 46. Rest of Middle East & Africa Exoskeleton Robotic System Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 47. South & Central America Exoskeleton Robotic System Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 48. South & Central America Exoskeleton Robotic System Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 49. Brazil Exoskeleton Robotic System Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 50. Brazil Exoskeleton Robotic System Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 51. Argentina Exoskeleton Robotic System Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 52. Argentina Exoskeleton Robotic System Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 53. Rest of South & Central America Exoskeleton Robotic System Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 54. Rest of South & Central America Exoskeleton Robotic System Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 55. Recent Organic Growth Strategies in Exoskeleton Robotic System Market
Table 56. Recent Inorganic Growth Strategies in the Exoskeleton Robotic System Market
Table 57. Glossary of Terms
LIST OF FIGURES
Figure 1. Exoskeleton Robotic System Market Segmentation
Figure 2. Exoskeleton Robotic System Market, by Region
Figure 3. Global Exoskeleton Robotic System Market Overview
Figure 4. Lower Body Exoskeleton Segment Held Largest Share of Type Segment in Exoskeleton Robotic System Market
Figure 5. Asia Pacific Expected to Show Remarkable Growth During Forecast Period
Figure 6. Exoskeleton Robotic System Market, by Geography (US$ Million)
Figure 7. Global Exoskeleton Robotic System Market – Leading Country Markets (US$ Million)
Figure 8. Global Exoskeleton Robotic System Market – Industry Landscape
Figure 9. North America: PEST Analysis
Figure 10. Europe: PEST Analysis
Figure 11. Asia Pacific: PEST Analysis
Figure 12. South & Central America: PEST Analysis
Figure 13. Middle East & Africa: PEST Analysis
Figure 14. Experts’ Opinion
Figure 15. Exoskeleton Robotic System Market: Impact Analysis of Drivers and Restraints
Figure 16. Global Exoskeleton Robotic System Market – Revenue Forecast and Analysis – 2020–2028
Figure 17. Global Exoskeleton Robotic System Market, by Geography – Forecast and Analysis (2021–2028)
Figure 18. Market Positioning of Key Players in Exoskeleton Robotic System Market
Figure 19. Exoskeleton Robotic System Market Revenue Share, by Type 2021 & 2028 (%)
Figure 20. Lower Body Exoskeleton: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Upper Body Exoskeleton: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Full Body Exoskeleton: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Global Exoskeleton Robotic System Market, by Application 2021 & 2028 (%)
Figure 24. Healthcare: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Defense: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Industrial: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. North America: Exoskeleton Robotic System Market, by Key Country – Revenue (2021) (US$ Million)
Figure 28. North America Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 29. North America: Exoskeleton Robotic System Market, by Country, 2021 & 2028 (%)
Figure 30. US: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Canada: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Mexico: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 33. Europe: Exoskeleton Robotic System Market, by Key Country – Revenue (2021) (US$ Million)
Figure 34. Europe Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. Europe: Exoskeleton Robotic System Market, by Country, 2021 & 2028 (%)
Figure 36. Germany: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 37. UK: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 38. France: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 39. Italy: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 40. Spain: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 41. Rest of Europe: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 42. Asia Pacific: Exoskeleton Robotic System Market, by Key Country – Revenue (2021) (US$ Million)
Figure 43. Asia Pacific Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 44. China: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 45. Japan: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 46. India: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 47. South Korea: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 48. Australia: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 49. Rest of Asia Pacific: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 50. Middle East & Africa: Exoskeleton Robotic System Market, by Key Country – Revenue (2021) (US$ Million)
Figure 51. Middle East & Africa Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 52. UAE: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 53. Saudi Arabia: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 54. South Africa: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 55. Rest of Middle East & Africa: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 56. South & Central America: Exoskeleton Robotic System Market, by Key Country – Revenue (2021) (US$ Million)
Figure 57. South & Central America Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 58. South & Central America: Exoskeleton Robotic System Market, by Country, 2021 & 2028 (%)
Figure 59. Brazil: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 60. Argentina: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 61. Rest of South & Central America: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
Figure 62. Impact of COVID-19 Pandemic on North American Country Markets
Figure 63. Impact of COVID-19 Pandemic in European Country Markets
Figure 64. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 65. Impact of COVID-19 Pandemic in Middle East & Africa Country Markets
Figure 66. Impact of COVID-19 Pandemic on South & Central American Country Markets
Figure 67. Growth Strategies in Exoskeleton Robotic System Market
The List of Companies - Exoskeleton Robotic System Market
- Lockheed Martin Corp
- Cyberdyne Inc
- Panasonic Holdings Corp
- Hocoma AG
- ReWalk Robotics Inc
- Ekso Bionics Holdings Inc
- Parker Hannifin Corp
- Myomo Inc
- B-Temia Inc
- AlterG Inc
- INNOPHYS CO., LTD.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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