Exoskeleton System Market Share, Growth, Statistics and Forecast Analysis 2023-2028

IMARC Group has recently released a new research study titled “Exoskeleton System Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a detailed analysis of the global exoskeleton system market share, size, drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios. The market size reached US$ 543.8 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 5,275.8 Million by 2027, exhibiting a growth rate (CAGR) of 46.13% during 2022-2027.

Exoskeleton systems are wearable electromechanical devices that are controlled by computer boards to improve the physical performance of the wearer. They combine machine power and human intelligence to power the operator and enhance the intelligence of the machine. Exoskeleton systems augment the ability of the human limbs by supporting muscles, joints or skeletal parts that are weak, ineffective or injured owing to a disease or a neurological condition. They also aid in lifting heavy objects and minimizing stress on the spine and muscles of the user. As a result, these systems are widely utilized in the industrial, military and healthcare sectors.

Market Trends:

The increasing cases of strokes, spinal cord injuries (SCI) and other diseases, along with the rising number of accidents, is steadily propelling the number of individuals suffering from mobility disorders. These individuals are prone to serious problems with their respiratory, urinary and digestive systems, and developing osteoporosis, blood clots, pressure sores, and other afflictions due to the lack of mobility. As exoskeleton systems help in increasing bone density, decreasing body fat percentage, and improving cardiovascular, bowel and bladder function among such patients, their growing need in rehabilitation centers is strengthening the market growth. Moreover, several research institutes, universities and manufacturers are focusing on research and development (R&D) to manufacture and introduce innovative variants of these systems. Furthermore, commercial exoskeleton technologies are nowadays widely being employed in the military to protect, support, endure and strengthen soldiers from strain or injuries.

Competitive Landscape With Key Players:

The competitive landscape of the exoskeleton system market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

  • Bionik Laboratories Corp.
  • SuitX (US Bionics, Inc.)
  • Gogoa Mobility Robots, S.L.
  • Exhauss Exoskeleton
  • Atoun Inc.
  • Fourier Intelligence Co. Ltd.
  • Honda Motor Co., Ltd.
  • Daiya Industry Co. Ltd.
  • Mitsubishi Heavy Industries Ltd.
  • Rex Bionics Ltd.
  • Myomo Inc.
  • Gobio Robot
  • Parker Hannifin Corp.
  • Wandercraft SAS
  • P&S Mechanics Co. Ltd.

Key Market Segmentation:

The report has segmented the global exoskeleton system market based on component, type, mobility, body part, end use sector and region.

Breakup by Component:

  • Hardware
    • Sensors
    • Actuators
    • Power Sources
    • Control Systems
    • Other Components
  • Software

 Breakup by Type:

  • Powered
  • Passive

Breakup by Mobility:

  • Stationary
  • Mobile

Breakup by Body Part:

  • Lower Body
  • Upper Body
  • Full Body

Breakup by End-Use Sector:

  • Healthcare
  • Defense
  • Industrial
  • Others

Breakup by Region:

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/exoskeleton-system-market

Key Highlights of the Report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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