openPR Logo
Press release

Exoskeleton Robots Market Size to Hit US$ 8 Billion, at a CAGR of 23.7% by 2032

03-25-2024 05:35 AM CET | Industry, Real Estate & Construction

Press release from: Fact.MR

Exoskeleton Robots Market

Exoskeleton Robots Market

The exoskeletal robots market in North America accounted for a major share of 47% in 2021. In North America, the US stood out as the most lucrative market for exoskeletal robots due to significant growth in their use across sectors. from rehabilitation centers and military applications to healthcare and industrial operations.

The exoskeleton robot market worldwide is experiencing a significant increase with an impressive annual growth rate (CAGR) of 23.7%. This growth trajectory is expected to expand the market value from the current $950 million to around $8 billion by the end of 2032.

๐ƒ๐จ๐ฐ๐ง๐ฅ๐จ๐š๐ ๐š ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‚๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐“๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ:
https://www.factmr.com/connectus/sample?flag=S&rep_id=7935

๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ:

ATOUN Inc
Gogoa Mobility Robots
Bioness Inc
Bionik Laboratories Corp
Hocoma AG
Lockheed Martin Corporation
Bioservo Technologies AB
B-Temia Inc
Rehab-Robotics Company Limited
Cyberdyne Inc
Ekso Bionics Holdings Inc
ReWalk Robotics Ltd
Parker-Hannifin Corporation
RB3D
Rex Bionics Ltd
suitX (US Bionics)

In a world characterized by ever-evolving technology, exoskeletal robots have emerged as a disruptive force with transformative potential across many industries. A recent report has shed light on promising trends that are driving the exoskeleton robot market to significant growth, with many applications and growing popularity in healthcare, manufacturing, defense and more.

๐‡๐ž๐š๐ฅ๐ญ๐ก ๐š๐ง๐ ๐ซ๐ž๐ก๐š๐›๐ข๐ฅ๐ข๐ญ๐š๐ญ๐ข๐จ๐ง ๐ฅ๐ž๐š๐ ๐ญ๐ก๐ž ๐ฐ๐š๐ฒ

One clear trend in the exoskeleton robot. market is the rapid integration of these devices into healthcare and rehabilitation. Exoskeletons offer new hope for mobility patients because they can improve mobility and strength. The report reveals that healthcare applications are expected to be a major driver of the market and as the global population ages, the demand for these robotic systems will increase.

๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐š๐ฅ ๐š๐ง๐ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ข๐š๐ฅ ๐ฌ๐ž๐œ๐ญ๐จ๐ซ๐ฌ ๐š๐ซ๐ž ๐š๐๐จ๐ฉ๐ญ๐ข๐ง๐  ๐š๐ฎ๐ญ๐จ๐ฆ๐š๐ญ๐ข๐จ๐ง

Industrial and industrial sectors are also adopting exoskeleton robots. improve workforce skills and productivity. These portable robots are used to reduce physical stress on workers and improve the manageability of stressful tasks. As companies strive to optimize their operations, the use of exoskeleton in these fields is growing significantly.

๐ƒ๐ž๐Ÿ๐ž๐ง๐ฌ๐ž ๐š๐ง๐ ๐Œ๐ข๐ฅ๐ข๐ญ๐š๐ซ๐ฒ ๐€๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง๐ฌ

In the defense and military sector, exoskeleton robots have gained prominence due to their ability to improve and reduce their durability. soldiers risk of injury. The report finds that the adoption of exoskeleton technology in the defense sector opens up new opportunities for market expansion, especially as governments invest in advanced military hardware.

๐“๐ž๐œ๐ก๐ง๐จ๐ฅ๐จ๐ ๐ข๐œ๐š๐ฅ ๐š๐๐ฏ๐š๐ง๐œ๐ž๐ฌ ๐๐ซ๐ข๐ฏ๐ž ๐ข๐ง๐ง๐จ๐ฏ๐š๐ญ๐ข๐จ๐ง

Advances in robotics and materials science are catalyzing the development of more effective and efficient. applicable technologies. - friendly devices. -friendly exoskeletons. Lighter, more durable and more efficient exoskeletons are coming to market, available to a wider range of end users. These technological innovations create exciting opportunities for market growth and diversification.

๐‚๐จ๐ฆ๐ฉ๐ž๐ญ๐ข๐ญ๐ข๐ฏ๐ž ๐„๐ง๐ฏ๐ข๐ซ๐จ๐ง๐ฆ๐ž๐ง๐ญ

The global market for exoskeleton robots is characterized by intense competition, and the increasing influx of start-ups is further enhancing the competitive environment. Market leaders in exoskeleton robots are increasingly focusing on innovation and expanding their global presence through a variety of strategies, including obtaining product approvals, new product launches, and partnership and collaboration agreements.

Ottobock has made great progress with the announcement of Paexo Coolin. Sleeve, Paexo Thumb Slim and Paexo Shoulder Jacket in April 2021 Hannover Messe Digital Edition. These state-of-the-art devices are designed to provide exceptional comfort for people engaged in physically demanding activities such as lifting packages or working overhead.

In another significant development, CYBERDYNE's HAL single-joint medical device has received FDA approval. Thai Administration (Thai FDA) in March 2021. This product is specially adapted for people with limited mobility of upper and lower limbs due to paralysis or muscle weakness, providing them with new mobility and support.

๐Š๐ž๐ฒ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐ฌ ๐จ๐Ÿ ๐„๐ฑ๐จ๐ฌ๐ค๐ž๐ฅ๐ž๐ญ๐จ๐ง ๐‘๐จ๐›๐จ๐ญ๐ฌ ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก

By Product:
Full Body
Lower Extremities
Upper Extremities

By Mobility:
Mobile
Stationary
By Technology:
Powered
Passive

By End User:
Healthcare
Industrial
Military and Defense

By Region:
North America
Latin America
Europe
APAC
MEA

๐‘๐ž๐š๐ ๐Œ๐จ๐ซ๐ž: https://www.factmr.com/report/exoskeleton-robots-market

The exoskeleton robots market is poised for remarkable growth, thanks to promising trends that are fundamentally altering the way we approach healthcare, manufacturing, defense, and more. With technological advancements, increasing investments, and a growing awareness of the benefits these devices offer, exoskeleton robots are on the cusp of transforming industries and improving the lives of people around the world. As this technology continues to evolve, it holds the promise of reshaping our world and making what once seemed like science fiction a reality.

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ:

US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232
Email: sales@factmr.com

๐€๐›๐จ๐ฎ๐ญ ๐…๐š๐œ๐ญ.๐Œ๐‘

We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client's satisfaction.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Exoskeleton Robots Market Size to Hit US$ 8 Billion, at a CAGR of 23.7% by 2032 here

News-ID: 3441247 • Views: โ€ฆ

More Releases from Fact.MR

Train Control and Management Systems Market to Reach US$ 5.78 Billion by 2031 With a 2.1% CAGR
Train Control and Management Systems Market to Reach US$ 5.78 Billion by 2031 Wi โ€ฆ
The global train control and management systems market (ๅˆ—่ปŠๅˆถๅพกใŠใ‚ˆใณ็ฎก็†ใ‚ทใ‚นใƒ†ใƒ ๅธ‚ๅ ด) is expected to see significant growth, creating an incremental opportunity of US$ 5.78 billion by 2031. This growth is driven by governments worldwide investing in railway infrastructure to improve travel times and reduce the cost of goods transit. For example, the U.S. is undertaking various rail infrastructure projects like the California High-speed Rail and the Second Avenue Subway. Train control andโ€ฆ
Insights into the Future of Graphite Coatings Market Expected CAGR of 6.1% to Reach $1.3 Billion by 2033
Insights into the Future of Graphite Coatings Market Expected CAGR of 6.1% to Re โ€ฆ
The global Graphite Coatings market (ใ‚ฐใƒฉใƒ•ใ‚กใ‚คใƒˆใ‚ณใƒผใƒ†ใ‚ฃใƒณใ‚ฐๅธ‚ๅ ด) is expected to witness a Compound Annual Growth Rate (CAGR) of 6.1%, reaching a market size of US $1.3 billion by the end of 2033. Graphite, a naturally occurring carbon polymer, is known for its lightweight properties and natural lubricity. It is used to reduce oxygen permeability and reactivity, particularly in situations where oxidation is a concern. Graphite coatings are crucial for improving electricalโ€ฆ
Industrial Packaging Market Expected to Reach US$ 107 Billion by 2033
Industrial Packaging Market Expected to Reach US$ 107 Billion by 2033
The global industrial packaging market is valued at US$ 70 billion in 2023. Projections indicate that sales of industrial bulk packaging solutions will soar to US$ 107 billion by 2033, marking a notable growth rate of 4.3% annually over the ensuing decade. Industrial packaging plays a crucial role in various sectors, ensuring the safe transportation and storage of goods across the supply chain. From protecting fragile items to containing hazardous materials,โ€ฆ
Hernia Mesh Devices Market projected to reach US$ 6.99 billion by the end of 2033
04-30-2024 | Health & Medicine
Fact.MR
Hernia Mesh Devices Market projected to reach US$ 6.99 billion by the end of 203 โ€ฆ
According to a recent industry analysis by Fact.MR, a provider of competitive intelligence and market research, the global market for Hernia Mesh Devices is expected to reach US$ 4.72 billion in 2023 and grow at a compound annual growth rate (CAGR) of 4% between 2023 and 2033. This growth is primarily due to the rapidly rising global prevalence of hernias. Among the different kinds of hernias are femoral, inguinal, andโ€ฆ

All 5 Releases


More Releases for Exoskeleton

Exoskeleton Market Industry Analysis - Exoskeleton Market Market Size Driven by โ€ฆ
The most recent study offered by Acumen Research and Consulting focuses Exoskeleton Market size, share, growth rate, and market trends, as well as the parameters and factors influencing it in both the long term and short term. The report investigates the Exoskeleton Market trends in order to assess its current and future potential. Our Exoskeleton Market analysis also provides market participants and new entrants with a comprehensive view of theโ€ฆ
Exoskeleton Robots Market 2021 | Detailed Report
The research reports on โ€œExoskeleton Robots Marketโ€ report gives detailed overview of factors that affect global business scope. Exoskeleton Robots Market report shows the latest market insights with upcoming trends and breakdowns of products and services. This report provides statistics on the market situation, size, regions and growth factors. An exclusive data offered in this report is collected by research and industry experts team. Get Free Sample PDF (including full TOC,โ€ฆ
Exoskeleton against back pain
By combining medicine and modern robotics, the startup Japet Medical developed a novel exoskeleton. For companies, its use can mean a significant reduction in work absences and accidents. Now, with the support of Startup Campus Germany, the French company has won its first German customers, Hof University of Applied Sciences and MeisterWerke Schulte GmbH. Lower back pain, muscular and skeletal diseases are the main cause of absenteeism and occupational diseases. Forโ€ฆ
Impact of COVID-19 on Exoskeleton Market | TOP 10 COMPANIES IN EXOSKELETON MARKE โ€ฆ
Meticulous Research โ€“ A leading global market research company published a research report titled, โ€œExoskeleton Market by Product Type (Soft & Rigid), Power Type (Powered & Passive), Body Type (Complete Body, Upper & Lower Extremities), Mobility (Stationary & Mobile), and End-Use Industry (Industrial, Military, Healthcare)- Global Forecast to 2027โ€. According to this latest publication from Meticulous Researchยฎ, the global exoskeleton market is expected to grow at a CAGR of 54.5% fromโ€ฆ
Global Powered Exoskeleton Market Insights, Forecast
Powered Exoskeleton market is a wearable high-tech robotic device used for limb movement with increased strength and endurance. The rapid development of science and technology especially in the field of healthcare has paved a way for mitigation of neural, physical disorder by Powered Exoskeleton. Moreover, the concept of externally powered skeleton systems is widely adopted for Astronomy and Defense sector. Increase in physically challenged population, the rise in demand forโ€ฆ
Global Exoskeleton Market Growth 2019-2024
An Exoskeleton is a wearable robot that combines human intelligence and machine power. It is widely used for rehabilitation applications such as tendon therapy and physical exercise, and supports finger flexion and extension movements. In the last several years, global market of Exoskeleton developed rapidly, with an average growth rate of 42.91%. In 2017, global revenue of Exoskeleton is nearly 84.96 M USD; the actual sales are about 3395 units. The classificationโ€ฆ