Global Exoskeleton Market Size, Trends, and Growth Opportunity, By Mobility (Mobile, Fixed/Stationary), By Technology (Powered, Non-powered), By Extremity (Upper Body, Lower Body, Full Body), By End-use (Healthcare, Military, Industry), Regional Outlook, Competitive Market Share & Forecast, 2022 – 2027.
Report ID : IR1001580 | Industries : Healthcare | Published On :June 2024 | Page Count : 249
Global Exoskeleton Market Size, Trends, and Growth Opportunity, By Mobility (Mobile, Fixed/Stationary), By Technology (Powered, Non-powered), By Extremity (Upper Body, Lower Body, Full Body), By End-use (Healthcare, Military, Industry), Regional Outlook, Competitive Market Share & Forecast, 2022 – 2027.
Global Exoskeleton Market
The Global Exoskeleton Market was valued at USD 419.5 million in 2021 which is expected to reach USD 953.7 million by 2027 at a CAGR of 14.18% from 2022-2027.
The exoskeleton is made up of a thin exterior protein layer called the epicuticle and -a thick inner chitin-protein layer called the procuticle. The epicuticle of most terrestrial arthropods, such as insects and spiders, contains waxes that help to reduce evaporative water loss.
Market Drivers
Some of the key driving forces responsible for the growth of the exoskeleton market include the rapidly growing global geriatric population, rising adoption rates of medical devices in various industries such as automobile, military, defense, and construction, as well as the rising incidence of stroke.
Market Challenges
In emerging nations, a lack of competent healthcare services has limited access to rehabilitation therapy for disabled communities. Furthermore, these developing countries rely largely on medical device imports, which raises the cost of these equipment and limits access, posing a challenge to the market's development and growth.
Impact of COVID-19
The COVID-19 pandemic harmed the world economy, interrupted supply, and demand chains, raised unemployment rates, and created general economic instability. According to Ekso Bionics' 2020 annual report, the large reduction in medical device sales resulted in an overall decrease of 36.0% in revenue earned in FY2020 as compared to FY 2019. However, the annual report noted that, as the pandemic began, demand for exoskeleton-related products drastically decreased by about 38.0%, resulting in bookings of 61 units in 2020 as opposed to 98 units in 2019.
Market Segmentation
The global exoskeleton market is segmented into mobility, technology extremity, end-use, and region.
Based on the extremities, the market is segmented into the upper body, lower body, and full body. Further, based on technology, the market is segmented into powered, non-powered. By mobility, the market is segmented into mobile, fixed/stationary.
Regional Analysis
The global exoskeleton market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
North America led the market, accounting for the largest share of the revenue. Growing numbers of disabled people, rising research spending, increased governmental and private support, an increase in partnerships and collaborations among important players, and the accessibility of cutting-edge products are all contributing factors. In the United States, there are an estimated 61.0 million people who have a disability of some type, and among all people with impairments, mobility issues affect 13.7% of the population.
Key Players
Various key players are listed in this report such as Lockheed Martin Corporation, Ekso Bionics, suitX, Re Walk Robotics Ltd, Rex Bionics PLC, Active Link (Panasonic Corporation), Cyber dyne, Inc.
Market Taxonomy
By Mobility
• Mobile
• Fixed/Stationary
By Technology
• Powered
• Non-powered
By Extremity
• Upper Body
• Lower Body
• Full Body
By End-use
• Healthcare
• Military
• Industry
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Global Exoskeleton Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Exoskeleton Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Exoskeleton Market, By Mobility
5.1 Y-o-Y Growth Comparison, By Mobility
5.2 Global Exoskeleton Market Share Analysis, By Mobility
5.3 Global Exoskeleton Market Size and Forecast, By Mobility
5.3.1 Mobile
5.3.2 Fixed/Stationary
6 Global Exoskeleton Market, By Technology
6.1 Y-o-Y Growth Comparison, By Technology
6.2 Global Exoskeleton Market Share Analysis, By Technology
6.3 Global Exoskeleton Market Size and Forecast, By Technology
6.3.1 Powered
6.3.2 Non-powered
7 Global Exoskeleton Market, By Extremity
7.1 Y-o-Y Growth Comparison, By Extremity
7.2 Global Exoskeleton Market Share Analysis, By Extremity
7.3 Global Exoskeleton Market Size and Forecast, By Extremity
7.3.1 Upper Body
7.3.2 Lower Body
7.3.3 Full Body
8 Global Exoskeleton Market, By End-use
8.1 Y-O-Y Growth Comparison, By End-use
8.2 Global Exoskeleton Market Share Analysis, By End-use
8.3 Global Exoskeleton Market Size and Forecast, By End-use
8.3.1 Healthcare
8.3.2 Military
8.3.3 Industry
9 Global Exoskeleton Market, By Region
9.1 Global Exoskeleton Market Share Analysis, By Region
9.2 Global Exoskeleton Market Share Analysis, By Region
9.3 Global Exoskeleton Market Size and Forecast, By Region
10 North America Exoskeleton Market Analysis and Forecast (2022-2027)
10.1 Introduction
10.2 North America Exoskeleton Market Share Analysis, By Mobility
10.3 North America Exoskeleton Market Size and Forecast, By Technology
10.4 North America Exoskeleton Market Size and Forecast, By Extremity
10.5 North America Exoskeleton Market Size and Forecast, By End-use
10.6 North America Exoskeleton Market Size and Forecast, By Country
10.7.1 U.S.
10.7.2 Canada
10.7.3 Mexico
11 Europe Exoskeleton Market Analysis and Forecast (2022-2027)
11.1 Introduction
11.2 Europe Exoskeleton Market Share Analysis, By Mobility
11.3 Europe Exoskeleton Market Size and Forecast, By Technology
11.4 Europe Exoskeleton Market Size and Forecast, By Extremity
11.5 Europe Exoskeleton Market Size and Forecast, By End-use
11.6 Europe Exoskeleton Market Size and Forecast, By Country
11.6.1 Germany
11.6.2 France
11.6.3 UK
11.6.4. Rest of Europe
12 Asia Pacific Exoskeleton Market Analysis and Forecast (2022-2027)
12.1 Introduction
12.2 Asia Pacific Exoskeleton Market Share Analysis, By Mobility
12.3 Asia Pacific Exoskeleton Market Size and Forecast, By Technology
12.4 Asia Pacific Exoskeleton Market Size and Forecast, By Extremity
12.5 Asia Pacific Exoskeleton Market Size and Forecast, By End-use
12.6 Asia Pacific Exoskeleton Market Size and Forecast, By Country
12.6.1 China
12.7.2 Japan
12.8.3 India
12.9.4. Rest of Asia Pacific
13 Latin America Exoskeleton Market Analysis and Forecast (2022-2027)
13.1 Introduction
13.2 Latin America Exoskeleton Market Share Analysis, By Mobility
13.3 Latin America Exoskeleton Market Size and Forecast, By Technology
13.4 Latin America Exoskeleton Market Size and Forecast, By Extremity
13.5 Latin America Exoskeleton Market Size and Forecast, By End-use
13.6 Latin America Exoskeleton Market Size and Forecast, Country
13.7.1. Brazil
13.8.2. Rest of Latin America
14 Middle East Exoskeleton Market Analysis and Forecast (2022-2027)
14.1 Introduction
14.2 Middle East Exoskeleton Market Share Analysis, By Mobility
14.3 Middle East Exoskeleton Market Size and Forecast, By Technology
14.4 Middle East Exoskeleton Market Size and Forecast, By Extremity
14.5 Middle East Exoskeleton Market Size and Forecast, By End-use
14.6 Middle East Exoskeleton Market Size and Forecast, By Country
14.7.1. Saudi Arabia
14.8.2. UAE
14.9.3. Egypt
14.10.4. Kuwait
14.11.5. South Africa
15Competitive Analysis
15.1 Competition Dashboard
15.2 Market share Analysis of Top Vendors
15.3 Key Development Strategies
16 Company Profiles
16.1 Lockheed Martin Corporation
16.1.1 Overview
16.1.2 Offerings
16.1.3 Key Financials
16.1.4 Business Segment & Geographic Overview
16.1.5 Key Market Developments
16.1.6 Key Strategies
16.2. Ekso Bionics
16.2.1 Overview
16.2.2 Offerings
16.2.3 Key Financials
16.2.4 Business Segment & Geographic Overview
16.2.5 Key Market Developments
16.2.6 Key Strategies
16.3. suitX
16.3.1 Overview
16.3.2 Offerings
16.3.3 Key Financials
16.3.4 Business Segment & Geographic Overview
16.3.5 Key Market Developments
16.3.6 Key Strategies
16.4 Re Walk Robotics Ltd
16.4.1 Overview
16.4.2 Offerings
16.4.3 Key Financials
16.4.4 Business Segment & Geographic Overview
16.4.5 Key Market Developments
16.4.6 Key Strategies
16.5 Rex Bionics PLC
16.5.1 Overview
16.5.2 Offerings
16.5.3 Key Financials
16.5.4 Business Segment & Geographic Overview
16.5.5 Key Market Developments
16.5.6 Key Strategies
16.6 Active Link (Panasonic Corporation)
16.6.1 Overview
16.6.2 Offerings
16.6.3 Key Financials
16.6.4 Business Segment & Geographic Overview
16.6.5 Key Market Developments
16.6.6 Key Strategies
16.7 Cyber dyne, Inc.
16.7.1 Overview
16.7.2 Offerings
16.7.3 Key Financials
16.7.4 Business Segment & Geographic Overview
16.7.5 Key Market Developments
16.7.6 Key Strategies