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Feb, 24 2020

Global Exoskeleton Market to Witness High Demand Due to Advancement in Robotic Technologies

Exoskeleton Market is estimated to grow at 41.2% for 2018 to 2025 to an estimated value of USD 8,300.00 Million by 2025 with factors such as strict government regulations associated with medical applications and high cost of the equipment hampering the market growth.

Exoskeleton market has shown a significant adoption rate and preferences from the North America region with countries such as U.S. and Canada. This is due to the favorable policies and improvement in the healthcare infrastructure which is expected to enhance the market demand in the region.  

Global Exoskeleton Market Scenario

According to Data Bridge Market Research the exoskeleton market in developing regions is witnessing a growth in terms of its adoption rate, due to advancement in the robotic technologies, rising adoption of human augmentation in industrial & military sectors, increasing investment in the exoskeleton technology and rising FDA approvals.

Now the question is which are the regions that exoskeleton market players should target? Data Bridge Market Research has estimated market leaders to target North America developing regions to help them in attaining better volume of revenue generation.

Exoskeleton market is becoming more competitive every year with powered currently being the largest market type for the forecast period of 2018 to 2025. Data Bridge Market Research’s new report highlights the major growth factors and opportunities in the exoskeleton market.

For more analysis on the exoskeleton market, request for a briefing with our analysts

Exoskeleton Market Development

Ekso Bionics Holdings announced the launch of EksoNR in August 2019 which is an advanced EksoGT robotic exoskeleton specially designed for the neurorehabilitation purposes. They are very advantageous for the patients who are suffering from stroke or other similar condition so they can easily walk again. With this launch the company will be offering better services to their customers and strengthening their market position.

Scope of the Global Exoskeleton Market

Exoskeleton market on the basis of countries is segmented into U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa.

  • All country based analysis of the exoskeleton market is further analyzed based on maximum granularity into further segmentation. On the basis of component, the market is segmented into hardware and software. The mobility segment is divided into stationary and mobile. Type segment of the market is divided into powered and passive. Body parts segment of the market is divided into upper extremities, lower extremities and full body. Based on end- users, the market is segmented into healthcare, defence/military, industrial and others.
  • Exoskeleton is an external covering which is specially designed so they can offer support and protection to the body of some of the invertebrates. They are mainly designed so they can enhance the physical abilities of the wearer and offer them safety & protection. They are usually integrated with sensors and other technologies. These exoskeletal are usually strong and also are waterproof in nature. They are widely used in industries such as defence, industrial, healthcare and other.

To know more about the study

Key Pointers Covered in the Global Exoskeleton Market Industry Trends and Forecast to 2025

  • Market Size
  • Market New Sales Volumes
  • Market Replacement Sales Volumes
  • Installed Base
  • Market By Brands
  • Market Procedure Volumes
  • Market Product Price Analysis
  • Market Healthcare Outcomes
  • Market Cost of Care Analysis
  • Regulatory Framework and Changes
  • Prices and Reimbursement Analysis
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Market Upcoming Applications
  • Market Innovators Study

Key Market Competitors Covered in the Report

  • Ekso Bionics
  • US Bionics
  • Hocoma
  • Rex Bionics Ltd
  • ReWalk Robotics
  • Raytheon Company.
  • Fourier Intelligence Co.,Ltd.
  • DIH Medical
  • B-Temia Inc
  • Bionik Laboratories
  • Lockheed Martin Corporation

Above are the key players covered in the report, to know about more and exhaustive list of exoskeleton companies, contact us

Research Methodology: Global Exoskeleton Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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