Overview

Wearable Robotic Exoskeleton Market Introduction:

Wearable robotic exoskeleton market is forecasted to value over US$ 4 billion by the end of 2027 and record a CAGR of 43.1% during the forecast period of 2020-2027.

The demand for robots and machines for effective rehabilitation therapy has surged the growth of wearable robotic exoskeleton market.
These devices are extensively utilised to repair and expand the natural human movements that are lost due to neuromuscular dysfunctions. Moreover, the exosuits are extensively capable of assisting any body parts support application, hence the exosuits are highly utilised by elderly people and by construction, manufacturing, and logistics industries.
Although the wearable robotic technology is still in its developing phase it is anticipated to have high adoption by various e end-user industries across the globe. In the last three years, the industry has observed numerous research and development activities and product launches. The continuing advancements and improvements indicate a transformation in the wearable robotics industry with exoskeletons rising as the next huge thing for assistive and rehabilitation treatments.

Key Market Players are
ATOUN Inc, B-Temia Inc., Bionik Laboratories Corp., Cyberdyne Inc., Daiya Industry Co., Ltd., Ekso Bionics Holdings, Inc., Focal Meditech BV, Honda Motor Co., Ltd., Lockheed Martin Corporation, Mitsubishi Heavy Industries, Ltd., Myomo Inc., P&S Mechanics Co. Ltd., Parker Hannifin Corporation, ReWalk Robotics Ltd., and Rex Bionics Ltd, among others

Global Wearable Robotic Exoskeleton Market

Wearable Robotic Exoskeleton Market Segmentation
By Mode of Operation:

Passive
Active/Powered

By End-User:

Healthcare
Industrial
Defence
Commercial

By Application

Rehabilitation
Assistive
Body Parts Support
Sports

By Material

Hard Exoskeleton
Soft Exoskeleton

By Region:

Europe
North America
APAC
Latin America
Rest of the World

Competitive Landscape:

Tier 1 players- established companies in the market with a major market share
Tier 2 players
Emerging players which are growing rapidly
New Entrants

FutureWise Takeaways:

Growth prospects
SWOT analysis
Key trends
Key data points affecting market growth

Objectives of the Study:

To provide an exhaustive analysis on the wearable robotic exoskeleton market by mode of operation, by end-user, by application, by material and region
To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
To evaluate and forecast micro-markets and the overall market
To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East.
To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions
Profiling of companies to evaluate their market shares, strategies, financials and core competencies