The exoskeleton market is forecasted to grow by USD 4163.2 mn during 2023-2028, accelerating at a CAGR of 48.07% during the forecast period. The report on the exoskeleton market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing incidences of SCIs, growing demand for robotic rehabilitation from the healthcare sector, and increasing insurance coverage for medical exoskeleton.
Technavio's exoskeleton market is segmented as below:
Market Scope
Base Year
2024
End Year
2028
Series Year
2024-2028
Growth Momentum
Accelerate
YOY 2024
37.47%
CAGR
48.07%
Incremental Value
$4163.2mn
By End-user
Healthcare
Military
Industry
By Mobility Type
Mobile
Fixed or stationary
By Geographical Landscape
North America
Europe
Asia
Rest of World (ROW)
This study identifies the rising adoption of exoskeletons featuring existing and emerging technologies as one of the prime reasons driving the exoskeleton market growth during the next few years. Also, rising insurance coverage for exoskeletons and focus on development of 3D-printed medical exoskeletons will lead to sizable demand in the market.
The report on the exoskeleton market covers the following areas:
Exoskeleton market sizing
Exoskeleton market forecast
Exoskeleton market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading exoskeleton market vendors that include Bionik Laboratories Corp., Cyberdyne Inc., DIH Group, Ekso Bionics Holdings Inc., German Bionic Systems GmbH, Honda Motor Co. Ltd., Hyundai Motor Co., Lockheed Martin Corp., Marsi Bionics SL, MYOMO INC., Ottobock SE and Co. KGaA, Panasonic Holdings Corp., Parker Hannifin Corp., Press Brake Safety, RB3D, ReWalk Robotics Ltd., Rex Bionics Ltd., Sarcos Technology and Robotics Corp., and Wandercraft. Also, the exoskeleton market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
1.1 Market overview
Executive Summary - Chart on Market Overview
Executive Summary - Data Table on Market Overview
Executive Summary - Chart on Global Market Characteristics
Executive Summary - Chart on Market By Geographical Landscape
Executive Summary - Chart on Market Segmentation by End-user
Executive Summary - Chart on Market Segmentation by Mobility Type
Executive Summary - Chart on Incremental Growth
Executive Summary - Data Table on Incremental Growth
Executive Summary - Chart on Company Market Positioning
2 Market Landscape
2.1 Market ecosystem
Parent Market
Data Table on - Parent Market
2.2 Market characteristics
Market characteristics analysis
2.3 Value chain analysis
Value Chain Analysis
3 Market Sizing
3.1 Market definition
Offerings of companies included in the market definition
3.2 Market segment analysis
Market segments
3.3 Market size 2023
3.4 Market outlook: Forecast for 2023-2028
Chart on Global - Market size and forecast 2023-2028 ($ million)
Data Table on Global - Market size and forecast 2023-2028 ($ million)
Chart on Global Market: Year-over-year growth 2023-2028 (%)
Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
4.1 Global Exoskeleton Market 2018 - 2022
Historic Market Size - Data Table on Global Exoskeleton Market 2018 - 2022 ($ million)