Press release
Exoskeleton Market Size, Growth, Latest Trends, Top Leaders and Demand Forecast Report 2030
The progression of this industry can be attributed to the rising count of spinal cord injuries & strokes, the mounting elderly populace, the growing utilization of these devices in military and industrial operations, increasing healthcare expenses, and mounting opportunities for jobs for disabled individuals.
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As a result, the quickly increasing aging populace is enhancing the prospects of growth for the players in the industry because of the capability of these devices to provide physical strength to elder individuals.
In the past few years, the hardware category, based on component, held the larger share in the exoskeleton market. This can be attributed to the fact that exoskeletons mainly include hardware mechanisms, such as powered systems, actuators, and sensors.
The healthcare category, based on end user, led the industry in recent years. This is because of the enormous count of rehabilitation centers and clinical care across the globe, which necessitate exoskeletons for daily patient treatment.
North America led the industry in recent years, and it will remain leading in the years to come. This is because of the surging workforce of disabled individuals, the rising accessibility of these devices, and the mounting acceptance of exoskeletons in the sector of healthcare and military.
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APAC will advance at the fastest rate till the end of this decade. This is because of the mounting elderly populace and the increasing utilization of exoskeletons in the field of medicine. Additionally, the speedily surging elderly populace has led to the mounting occurrence of disability & orthopedic illnesses in the continent.
With the high count of stroke and SCIs cases, as well as the surging utilization of these devices in military and industrial operations, the exoskeleton industry will continue to grow in the coming years.
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Global Exoskeleton Market Size Breakdown by Segment
By Component
• Hardware
o Sensors
o Actuators
o Power sources
o Control systems
• Software
By Type
• Powered
• Passive
By Mobility
• Stationary
• Mobile
By Body Part
• Lower Extremities
• Upper Extremities
• Full Body
By Technology
• Electric Actuator
• Hydraulic
• Fully Mechanical
• Pneumatic
By End User
• Healthcare
o Rehabilitation centers
o Elderly care facilities
o Assisted living facilities
• Industrial
o Production
o Logistics
o Construction
• Military
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About P&S Intelligence
P&S Intelligence offers custom and syndicated market research and consulting services to clients across the globe. Our team of young and dynamic researchers, guided by mentors with years of experience, create data-rich reports tailored to the needs of MNCs as well as startups and SMEs. We remain in a perennial quest to offer exhaustive insights into every aspect of the market, allowing businesses of all sizes to seize even the smallest of opportunities and tackle even the biggest of challenges.
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