Global Wearable Robotic Exoskeleton Market to Exceed USD 11.85 Billion by 2028

Global wearable robotic exoskeleton market is driven by the growing geriatric population, an increase in traffic accidents and severe trauma injuries, an increase in the prevalence of stroke, among other factors, use of exoskeleton robots in the development of the Internet of Things (IoT) and rehabilitation therapy.

There are more people with physical disabilities globally as a result of an increasing senior population, rising traffic accidents and severe trauma injuries, rising stroke prevalence, and other factors. Exoskeletons for rehabilitation can help those with serious bodily injuries recuperate or carry out daily chores. According to the U.S. National Spinal Cord Injury Statistical Center (NSCISC), a government-funded and administered injury database, more than 2,75,000 Americans suffer severe spinal cord injuries each year. 52% or less of these patients eventually develop paraplegia. As of 2020, the National Center for Biotechnology Information estimates that more than 2.1 million Americans had lost a limb, and by 2050, that number is predicted to double (NCBI).

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As a result of the quick development of radiography techniques, a number of businesses have upgraded their services in an effort to expand their market potential and strengthen their positions. The development of novel, state-of-the-art Wearable Robotic Exoskeleton care products that would reduce patients' discomfort is a key area of emphasis for the producers of Wearable Robotic Exoskeleton radiological equipment.
Global wearable robotic exoskeleton market segmentation is done on the basis of Type such as Full Body, Upper Body and Lower Body. Upper body and Lower Body, which had the highest revenue share, commanded a dominant position in the wearable robotic exoskeleton market. Shoulder and arm exoskeletons are included in upper body exoskeletons to support the upper body part and improve movement. The increasing demand for workers to lift heavy objects and engage in load-intensive production activities in the industrial and household sectors is what spurs the development of upper body soft exoskeletons.
According to the End Use for the Wearable robotic exoskeleton market, Healthcare is expected to expand during the forecast period and has a higher CAGR than other end-user segments. Exosuits assist patients in achieving a more natural gait pattern by guiding them through weight shifts and step patterns. Nearly one-fourth of the workforce, or 44 million people, in Europe suffers from musculoskeletal disorders, according to the British think tank Work Foundation. Germany's national calculation put the cost of lost productivity from back problems at 12 billion USD annually. Manufacturers consequently employ a range of strategies to boost energy effectiveness, including energy harvesting, springs, elastic cords, ratchets, clutches, etc.

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Among the regions, the Wearable robotic exoskeleton market share is predicted to be dominated by North America. The fact that there are numerous well-known market participants in the United States explains this. Furthermore, based on current market trends, it is predicted that significant investments made in wearable robotics by local businesses will create more opportunities for the development of advanced exoskeletons with a variety of options and features. Although there is currently little exoskeleton adoption in the Asia-Pacific region, there is great room for expansion in the years to come. As a result of population growth and accelerating economic development, the exoskeleton market in this region is rapidly growing. This region presents significant growth potential for market participants as it includes some of the technologically most advanced countries in the world, including China, India, and South Korea.

Additionally, the expansion of the Asia Pacific market is predicted to be aided by the existence of a sizable patient pool, rising disposable income, the accessibility of government funding, and the prevalence of spinal cord injuries and stroke. The market for exoskeletons in Europe is expanding as a result of developments in building, aerospace, and other industries. To obtain a competitive edge, a number of market competitors in the area are concentrating on creating sector-specific exosuits. Exosuits' ongoing development in the industrial sector will fuel regional growth even further.
The report published by SkyQuest Technology Consulting provides in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions.

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What does this Report Deliver?
• Market Estimation for 20+ Countries
• Wearable robotic exoskeleton Market demand by Region, Sub-Region, and Country
• Customization on Segments, Regions, and Company Profiles
• 100+ tables, 150+ Figures
• Global, Regional and Country specific Wearable robotic exoskeleton Market Trends
• Comprehensive Mapping of Wearable robotic exoskeleton Industry Parameters
• Attractive Investment Proposition in the Global Wearable robotic exoskeleton Industry
• Competitive Strategies Adopted by Wearable robotic exoskeleton Market Key Players
• Drivers, Restraints, Opportunities, Challenges and the impact on the Wearable robotic exoskeleton Market Size
• Market growth rate till 2028
• Regulatory scenario, regional dynamics, and Wearable robotic exoskeleton market insights of leading countries in each region
• In-depth Market insights by Region and Country
• Market Segmentation Trend Analysis, Opportunities and Growth
• Porter's five force analysis to know the market's condition
• Pricing Analysis and Wearable robotic exoskeleton Market Sales
• Parent market analysis
• Product portfolio benchmarking
SkyQuest has segmented the Global Wearable robotic exoskeleton Market based on Type, End - Use, and Region:
● Global Wearable robotic exoskeleton Market by Type (Revenue, USD billion, 2022 - 2028)
o Full body
o Upper body
o Lower body
● Global Wearable robotic exoskeleton Market by End-Use (Revenue, USD billion, 2022 - 2028)
o Industrial
o Defense
o Healthcare
o Others
● Global Wearable robotic exoskeleton Market By Region (Revenue, USD billion, 2022 - 2028)
o North America
▪ U.S.
▪ Canada
o Europe
▪ Germany
▪ France
▪ UK
▪ Italy
▪ Spain
▪ Rest of Europe
o Asia Pacific
▪ China
▪ India
▪ Japan
▪ Rest of Asia Pacific
o Central & South America
▪ Brazil
▪ Rest of CSA
o Middle East & Africa
▪ GCC Countries
▪ South Africa
▪ Rest of MEA

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