Smart Exoskeleton Market Opportunities, Assessment, Demand, Scope and Forecast 2028

According to Precision Business Insights (PBI), the latest report, the Smart Exoskeleton market is expected to be valued at USD 14,634.6 million in 2022 and is poised to grow at a significant CAGR of 13.6% over 2022-2028. The primary driver of the expansion of the global Smart Exoskeleton market increase in the geriatric population, patient population, satisfactory reimbursement policies, and wide extension in applications of smart exoskeleton devices.

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Soft Exoskeleton to Dominate the Smart Exoskeleton Market:
The soft Exoskeleton segment is expected to hold a larger revenue share in the global Smart Exoskeleton market. Soft exoskeletons offer an extensive variety of benefits as compared to rigid exoskeletons, as in soft exoskeleton construction from flexible materials including bowden cables, filaments, and air muscles for free body movement. The increasing popularity of soft exoskeletons attached to continuous technological advancements in soft wearables is further fuelling the growth of the soft exoskeleton market over the forecast period.

North America Smart Exoskeleton Market:
North America is expected to lead the smart exoskeleton market during the forecasted period as this region also had a significant growth rate over a historic period attributed to growing disabilities, and increase investments by private associations and government bodies in the region. The existence of many key players all over the world will undoubtedly give a chance to expand the smart exoskeleton market in this region Asia-Pacific region, is expected to hold a strong potential growth in the exoskeleton market over the forecasted period due to increasing population and economies day by day in this region. China, India, and South Korea are emerges as the most technologically developing countries in this region which further provides robust growth opportunities for key players functioning in the market.

Strategic New Product Launches, Mergers, Acquisitions, and Agreements are the key strategies adopted by market players:
The global Smart Exoskeleton market further reveals that the key players are increasingly adopting strategies such as the launch of newer products, product launches, and long-term alliances to improve market revenue share and gain significant geographic presence across the region.

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The proton therapy market is segmented based on component type, type, body part, application, and geography.
Based on the component type, the market is segmented into the following:
• Sensors
• Actuators
• Power Source
• Control System
• Others

Based on the type, the market is segmented into the following:
• Soft Exoskeleton
• Rigid Exoskeleton

Based on the body part, the market is segmented into the following:
• Lower Body
• Upper Body
• Full Body

Based on the application, the market is segmented into the following:
• Healthcare
• Industrial
• Military
• Others

Based on geography, the market is segmented into the following:
• North America
• Europe
• The Asia Pacific
• Latin America
• MEA

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Key players' profiles in the Smart Exoskeleton market report are Esco Bionics (US), EXHAUST (Canada), Focal Meditech BV (Netherlands), Fourier Intelligence Co., Ltd (China), SUIT X (US), Hocoma (Switzerland), Rex Bionics Ltd (New Zealand), ReWalk Robotics (Israel), RB3D (France), Raytheon Company (US), PARKER HANNIFIN CORP (US), Ottobock (Germany), DIH Technologies Corporation (US), and B-Temia (Canada)

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This release was published on openPR.