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Exoskeleton Market to Surpass USD 2 Billion by 2032, Driven by Healthcare Rehabilitation, Industrial Safety, and Defense Applications - TMR
Exoskeleton Market
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Analysts' Viewpoint
Experts note that robust R&D investments and frequent product launches of active, powered exoskeletons signal strong market momentum. Companies like Bionics Laboratories and Hocoma are pioneering advanced wearable systems. The convergence of lightweight materials, AI‐driven control algorithms, and real‐time physiological monitoring is elevating device performance and user acceptance across sectors.
Market Drivers
Increasing Movement Disorders: Growing prevalence of Parkinson's disease, strokes, and spinal injuries fuels demand for rehabilitation exoskeletons.
Industrial Safety Needs: Exoskeletons mitigate repetitive‐strain injuries and enable aging workforces to remain productive.
Defense Sector Investment: U.S. and allied militaries are funding exoskeleton programs to enhance soldier endurance and reduce combat fatigue.
Technological Advancements: AI, human‐in‐the‐loop optimization, and sensor integration improve device adaptability and safety.
Favorable Funding & Grants: Public and private grants accelerate development of next‐gen exoskeleton platforms.
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Market Segmentation
By Mobility Type:
Mobile Exoskeletons (2021 leader; 19.7 % CAGR)
Fixed/Stationary Exoskeletons
By Technology Type:
Powered (Active)
Non‐Powered (Passive)
By Extremity Type:
Upper‐Body
Middle‐Body
Full‐Body
By End‐User:
Healthcare (Rehabilitation)
Military & Defense
Industry (Manufacturing, Logistics)
Regional Outlook
North America (41 % share): Dominates due to strong R&D, high defense spending, and advanced healthcare infrastructure. U.S. market to reach US$ 745.6 Mn by 2032 at 20.3 % CAGR.
Asia Pacific: Fastest growth-China at 22.5 % CAGR, Japan at 27.2 %-driven by aging workforces, industrial automation, and emerging insurance coverage for medical exoskeletons.
Europe: Steady expansion with adoption in industrial safety and rehabilitation clinics across Germany, the U.K., and France.
Latin America & MEA: Emerging markets supported by government initiatives and pilot programs in manufacturing and healthcare.
Competitive Landscape
The market features a mix of specialized startups and established defense contractors. Key developments include:
June 2021: DRDO unveiled a lower/upper extremity exoskeleton for high‐altitude Indian soldiers.
March 2021: Ekso Bionics partnered with the American Academy of Physical Medicine and Rehabilitation to train clinicians on its EksoNR rehabilitation exoskeleton.
February 2020: Ekso Bionics collaborated with Kindred Healthcare to deploy EksoNR in long‐term acute care hospitals.
Future Outlook
Over the next decade, the exoskeleton market will be shaped by:
Integration of AI & IoT: Enhanced device intelligence and remote monitoring for personalized therapy and predictive maintenance.
Cost Reduction: Economies of scale and modular designs will lower entry barriers for small clinics and enterprises.
Broader Insurance Reimbursement: Expanded coverage in key markets, especially for medical and occupational applications.
Expansion into Consumer Fitness: Emerging "soft" exosuits for sports performance and elderly fall prevention.
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FAQs
What are exoskeletons?
Wearable devices that support or augment human movement by transferring forces to the body.
Which mobility type leads the market?
Mobile exoskeletons, due to their versatility in healthcare and industrial settings.
Which sector drives demand?
Healthcare rehabilitation accounts for the largest share, with military and industry following.
Which region is fastest growing?
Asia Pacific, propelled by aging populations and industrial automation.
Who are the major players?
Ekso Bionics; Hocoma; Lockheed Martin; Rex Bionics; RB3D; ReWalk; Cyberdyne; ActiveLink.
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About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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