Wearable Exoskeleton Market: Will Future Projections Outpace Historical Sales Forecast 2021 to 2031

As per Fact.MR’s analysis, the market experienced credible gains in the past, topping US$ 100 million recently. Extensive application in the healthcare and military domains is cited as the key growth catalyst for market growth.

As per WHO’s estimates, annual global incidence of spinal cord injuries (SCI) is 40 to 80 cases per million population, with 90% of them being traumatic cases, thereby stimulating demand for wearable exoskeletons.

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For the military domain, countries such as the U.S. are actively deploying exoskeletons to improve specific soldier capabilities.

Lockheed Martin’s OnyxTM and Dephy’s ExoBoot are testimonies to such extensive applications. Recently, in 2019, the Indian government announced deployment of exoskeleton technology within its army, an initiative part and parcel of the ambitious Make in India campaign.

Key Takeaways from Market Study

By product, demand for soft smart exoskeletons is poised to reach new heights, amid greater flexibility needs
Lower extremity wearable exoskeletons are expected to post substantial gains, amid rising lower-limb neurological disorders
By application, rehabilitation exoskeletons are anticipated to acquire a lucrative share in the market

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Healthcare to remain the dominant end-user application area for wearable exoskeletons
Extensive military grade applications to enhance growth prospects of the market in the U.S.
Market growth in Germany is characterized by extensive robotics deployment
France to experience high growth amid surging exoskeleton start-up spawning rate

The Wearable Exoskeleton market report answers important questions which include:

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• What does the status of the Wearable Exoskeleton market look like after the forecast period?
• Which region has the highest contribution to the global Wearable Exoskeleton market and why?
• Which players remain at the top of the global Wearable Exoskeleton market?
• What opportunities are available for the Wearable Exoskeleton market players to expand their production footprint?
• Which segment has the maximum impact on the global Wearable Exoskeleton market?

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