Exoskeleton Market: Projected Growth, Key Trends, and Opportunities (2024-2030)

Exoskeleton Market is expected to reach US$ 9.78 Bn by 2030, at a CAGR of 31.2% during the forecast period.

𝐄𝐱𝐨𝐬𝐤𝐞𝐥𝐞𝐭𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:

Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the Exoskeleton Market. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The report provides the current state of the Exoskeleton market by thorough analysis, and projections are made up to 2030.

𝐆𝐫𝐚𝐛 𝐘𝐨𝐮𝐫 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰:https://www.maximizemarketresearch.com/request-sample/2620/

𝐄𝐱𝐨𝐬𝐤𝐞𝐥𝐞𝐭𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐆𝐫𝐨𝐰𝐭𝐡 𝐢𝐧 𝐊𝐞𝐲 𝐆𝐥𝐨𝐛𝐚𝐥 𝐑𝐞𝐠𝐢𝐨𝐧𝐬:

𝑬𝒙𝒐𝒔𝒌𝒆𝒍𝒆𝒕𝒐𝒏 𝑴𝒂𝒓𝒌𝒆𝒕 𝑮𝒓𝒐𝒘𝒕𝒉 𝑶𝒑𝒑𝒐𝒓𝒕𝒖𝒏𝒊𝒕𝒊𝒆𝒔 𝒊𝒏 𝒕𝒉𝒆 𝑼𝒏𝒊𝒕𝒆𝒅 𝑺𝒕𝒂𝒕𝒆𝒔
The United States remains one of the most significant markets for exoskeleton technology. With the government and private sector investing heavily in both healthcare and defense sectors, the demand for exoskeletons in rehabilitation and military applications is on the rise.𝑬𝒌𝒔𝒐 𝑩𝒊𝒐𝒏𝒊𝒄𝒔, 𝑹𝒆𝑾𝒂𝒍𝒌 𝑹𝒐𝒃𝒐𝒕𝒊𝒄𝒔, and 𝑳𝒐𝒄𝒌𝒉𝒆𝒆𝒅 𝑴𝒂𝒓𝒕𝒊𝒏 are leading players, with significant investments in product development. Additionally, the U.S. Department of Veterans Affairs (VA) has funded several initiatives to test exoskeletons for disabled veterans, driving the market's growth in the country.In 2023, 𝑹𝒆𝑾𝒂𝒍𝒌 𝑹𝒐𝒃𝒐𝒕𝒊𝒄𝒔 merged with 𝑻𝒊𝒕𝒂𝒏 𝑴𝒆𝒅𝒊𝒄𝒂𝒍, signaling a significant consolidation in the exoskeleton sector focused on medical applications.

𝑬𝒙𝒐𝒔𝒌𝒆𝒍𝒆𝒕𝒐𝒏 𝑴𝒂𝒓𝒌𝒆𝒕 𝑻𝒓𝒆𝒏𝒅𝒔 𝒊𝒏 𝑬𝒖𝒓𝒐𝒑𝒆
Europe is experiencing rapid growth in the exoskeleton market, driven by healthcare applications and technological innovation. Germany and France are the largest markets in the region, with increasing adoption of exoskeletons for rehabilitation, particularly in hospitals and elderly care facilities. Key players like 𝑪𝒚𝒃𝒆𝒓𝒅𝒚𝒏𝒆 and 𝑬𝑿𝑶𝑨𝒕𝒍𝒆𝒕 are gaining significant traction. In addition, the European Union's funding programs for research and development are accelerating innovation in the space.In 2023, 𝑪𝒚𝒃𝒆𝒓𝒅𝒚𝒏𝒆 𝑰𝒏𝒄. announced the acquisition of 𝑯𝑨𝑳 𝑹𝒐𝒃𝒐𝒕𝒊𝒄𝒔, which is expected to enhance the company's global presence and boost the adoption of exoskeleton technologies for rehabilitation in Europe.

𝑬𝒙𝒐𝒔𝒌𝒆𝒍𝒆𝒕𝒐𝒏 𝑴𝒂𝒓𝒌𝒆𝒕 𝑬𝒙𝒑𝒂𝒏𝒔𝒊𝒐𝒏 𝒊𝒏 𝑱𝒂𝒑𝒂𝒏
Japan has emerged as one of the leading adopters of exoskeleton technology, driven by an aging population and a high demand for solutions that can assist the elderly. The country's rapid integration of robotics into healthcare systems has paved the way for innovations in rehabilitation and mobility aids.𝑪𝒚𝒃𝒆𝒓𝒅𝒚𝒏𝒆 has led Japan's exoskeleton revolution with its 𝑯𝑨𝑳 (𝑯𝒚𝒃𝒓𝒊𝒅 𝑨𝒔𝒔𝒊𝒔𝒕𝒊𝒗𝒆 𝑳𝒊𝒎𝒃) exoskeletons, which are now widely used in hospitals and rehabilitation centers across the country.In 2023, 𝑪𝒚𝒃𝒆𝒓𝒅𝒚𝒏𝒆 partnered with major Japanese healthcare institutions to further deploy its exoskeletons in hospitals, signaling a strong consolidation trend in the Asian exoskeleton market.

𝑬𝒙𝒐𝒔𝒌𝒆𝒍𝒆𝒕𝒐𝒏 𝑴𝒂𝒓𝒌𝒆𝒕 𝑻𝒓𝒆𝒏𝒅𝒔 𝒂𝒏𝒅 𝑮𝒓𝒐𝒘𝒕𝒉 𝒊𝒏 𝑺𝒐𝒖𝒕𝒉 𝑲𝒐𝒓𝒆𝒂
South Korea is emerging as a leader in exoskeleton technology, particularly in the industrial and military sectors. South Korean companies such as 𝑯𝒚𝒖𝒏𝒅𝒂𝒊 𝑴𝒐𝒕𝒐𝒓 𝑮𝒓𝒐𝒖𝒑 and 𝑫𝒂𝒆𝒘𝒐𝒐 𝑺𝒉𝒊𝒑𝒃𝒖𝒊𝒍𝒅𝒊𝒏𝒈 & 𝑴𝒂𝒓𝒊𝒏𝒆 𝑬𝒏𝒈𝒊𝒏𝒆𝒆𝒓𝒊𝒏𝒈 are pioneering the development of wearable exoskeletons for industrial applications, aimed at reducing worker fatigue and injury risks. The South Korean government is also heavily funding research into exoskeleton technology to enhance defense capabilities and improve productivity in manufacturing.In 2023, 𝑯𝒚𝒖𝒏𝒅𝒂𝒊 𝑴𝒐𝒕𝒐𝒓 𝑮𝒓𝒐𝒖𝒑 and 𝑳𝑮 𝑬𝒍𝒆𝒄𝒕𝒓𝒐𝒏𝒊𝒄𝒔 formed a joint venture to develop exoskeletons for industrial applications, signaling consolidation and collaboration between tech giants in South Korea.

𝑬𝒙𝒐𝒔𝒌𝒆𝒍𝒆𝒕𝒐𝒏 𝑴𝒂𝒓𝒌𝒆𝒕 𝑶𝒑𝒑𝒐𝒓𝒕𝒖𝒏𝒊𝒕𝒊𝒆𝒔 𝒊𝒏 𝑺𝒐𝒖𝒕𝒉𝒆𝒂𝒔𝒕 𝑨𝒔𝒊𝒂: 𝑽𝒊𝒆𝒕𝒏𝒂𝒎 & 𝑻𝒉𝒂𝒊𝒍𝒂𝒏𝒅
Both Vietnam and Thailand are showing promising growth in the adoption of exoskeletons in healthcare and manufacturing sectors. With labor-intensive industries and increasing awareness of worker safety, the need for exoskeleton solutions is rising. Vietnam has a burgeoning healthcare market, with exoskeletons being increasingly adopted in rehabilitation. In Thailand, manufacturers are exploring exoskeletons to help workers in the automotive and heavy industries reduce physical strain.

𝑬𝒙𝒐𝒔𝒌𝒆𝒍𝒆𝒕𝒐𝒏 𝑴𝒂𝒓𝒌𝒆𝒕 𝑮𝒓𝒐𝒘𝒕𝒉 𝒊𝒏 𝑺𝒊𝒏𝒈𝒂𝒑𝒐𝒓𝒆
Singapore, known for its advanced healthcare system and technological innovations, is rapidly integrating exoskeleton solutions into healthcare and rehabilitation practices. The country's growing elderly population and its focus on healthcare advancements make it a prime market for rehabilitation-oriented exoskeletons.𝑬𝒙𝒐𝑨𝒕𝒍𝒆𝒕 and 𝑪𝒚𝒃𝒆𝒓𝒅𝒚𝒏𝒆 are among the prominent players driving growth in Singapore, where government-backed initiatives for advanced medical technology are supporting the adoption of exoskeletons.In 2023, 𝑪𝒚𝒃𝒆𝒓𝒅𝒚𝒏𝒆 entered a strategic partnership with Singapore's 𝑵𝒂𝒕𝒊𝒐𝒏𝒂𝒍 𝑼𝒏𝒊𝒗𝒆𝒓𝒔𝒊𝒕𝒚 𝑯𝒐𝒔𝒑𝒊𝒕𝒂𝒍 to expand the use of exoskeletons in rehabilitation practices.

𝑬𝒙𝒐𝒔𝒌𝒆𝒍𝒆𝒕𝒐𝒏 𝑴𝒂𝒓𝒌𝒆𝒕 𝑪𝒐𝒏𝒔𝒐𝒍𝒊𝒅𝒂𝒕𝒊𝒐𝒏 𝒊𝒏 𝑮𝒍𝒐𝒃𝒂𝒍 𝑳𝒂𝒏𝒅𝒔𝒄𝒂𝒑𝒆
The exoskeleton industry is undergoing a period of consolidation, with numerous acquisitions and partnerships aimed at accelerating the adoption of these transformative technologies. Leading companies are expanding their footprints through collaborations with healthcare providers, industrial firms, and government agencies.𝑬𝒌𝒔𝒐 𝑩𝒊𝒐𝒏𝒊𝒄𝒔 recently expanded its partnership with the 𝑼.𝑺. 𝑫𝒆𝒑𝒂𝒓𝒕𝒎𝒆𝒏𝒕 𝒐𝒇 𝑽𝒆𝒕𝒆𝒓𝒂𝒏𝒔 𝑨𝒇𝒇𝒂𝒊𝒓𝒔 to further develop exoskeleton solutions for military personnel.In 2023, 𝑹𝒆𝑾𝒂𝒍𝒌 𝑹𝒐𝒃𝒐𝒕𝒊𝒄𝒔 received FDA approval for its latest exoskeleton model, designed to assist people with spinal cord injuries, marking a major milestone in exoskeleton development for medical applications.

𝐔𝐧𝐥𝐨𝐜𝐤 𝐈𝐧-𝐃𝐞𝐩𝐭𝐡 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬! 𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐭𝐡𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐰𝐢𝐭𝐡 𝐉𝐮𝐬𝐭 𝐎𝐧𝐞 𝐂𝐥𝐢𝐜𝐤:https://www.maximizemarketresearch.com/request-sample/2620/

𝐄𝐱𝐨𝐬𝐤𝐞𝐥𝐞𝐭𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

𝒃𝒚 𝑪𝒐𝒎𝒑𝒐𝒏𝒆𝒏𝒕
Software
Hardware

Because hardware components significantly increase the overall cost of an exoskeleton, the hardware category held a market share of more than 88% in 2016. The hardware segment's largest share was held by control systems.

𝒃𝒚 𝑻𝒚𝒑𝒆
Passive
Powered

𝒃𝒚 𝑴𝒐𝒃𝒊𝒍𝒊𝒕𝒚
Mobile
Stationary

The mobile exoskeleton market, which accounted for more than 68% of the total exoskeleton market in 2016, is anticipated to expand at a higher compound annual growth rate (CAGR) during the course of the forecast year. The market for mobile exoskeletons is driven by their small size, low weight, and adaptability to use in the house.

𝒃𝒚 𝑩𝒐𝒅𝒚 𝑷𝒂𝒓𝒕
Full Body
Upper Extremities
Lower Extremities

𝒃𝒚 𝑽𝒆𝒓𝒕𝒊𝒄𝒂𝒍
Defense
Healthcare
Industrial

𝐃𝐢𝐯𝐞 𝐃𝐞𝐞𝐩𝐞𝐫 𝐢𝐧𝐭𝐨 𝐭𝐡𝐞 𝐃𝐚𝐭𝐚! 𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐭𝐡𝐞 𝐅𝐮𝐥𝐥 𝐒𝐭𝐮𝐝𝐲 𝐨𝐧 𝐎𝐮𝐫 𝐖𝐞𝐛𝐩𝐚𝐠𝐞 𝐍𝐨𝐰:https://www.maximizemarketresearch.com/contact-us/

𝐄𝐱𝐨𝐬𝐤𝐞𝐥𝐞𝐭𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:

1. Cyberdyne
2. Bionik Laboratories
3. Ekso Bionics
4. B-Temia
5. Focal Meditech
6. Lockheed Martin
7. DIH Technologies
8. Rewalk Robotics
9. Ottobock
10.Meditouch
11.Honda Motor
12.Parker Hannifin
13.Atoun
14.Rex Bionics
15.Mitsubishi Heavy Industries
16.Myomo
17.Wandercraft
18.Daiya Industry Co.

𝐆𝐨𝐭 𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬? 𝐑𝐞𝐚𝐜𝐡 𝐎𝐮𝐭 𝐍𝐨𝐰 𝐟𝐨𝐫 𝐄𝐱𝐩𝐞𝐫𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐚𝐧𝐝 𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐜𝐨𝐩𝐞 𝐄𝐱𝐩𝐥𝐨𝐫𝐚𝐭𝐢𝐨𝐧:https://www.maximizemarketresearch.com/request-sample/2620/

𝐄𝐥𝐞𝐯𝐚𝐭𝐞 𝐲𝐨𝐮𝐫 𝐤𝐧𝐨𝐰𝐥𝐞𝐝𝐠𝐞 𝐛𝐚𝐬𝐞 𝐰𝐢𝐭𝐡 𝐭𝐡𝐞 𝐦𝐨𝐬𝐭 𝐫𝐞𝐜𝐞𝐧𝐭 𝐫𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐭𝐫𝐞𝐧𝐝𝐬 𝐜𝐮𝐫𝐚𝐭𝐞𝐝 𝐛𝐲 𝐌𝐚𝐱𝐢𝐦𝐢𝐳𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

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𝐅𝐨𝐫 𝐚𝐧 𝐢𝐧-𝐝𝐞𝐩𝐭𝐡 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬, 𝐜𝐥𝐢𝐜𝐤 𝐭𝐡𝐞 𝐩𝐫𝐨𝐯𝐢𝐝𝐞𝐝 𝐥𝐢𝐧𝐤:https://www.maximizemarketresearch.com/market-report/exoskeleton-market/2620/

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐌𝐚𝐱𝐢𝐦𝐢𝐳𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

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