Wearable Robotic Exoskeleton Market to Grow Gradually by Achieving a Valuation of USD 14.67 Billion by 2030 with a CAGR of 42.2% during the Forecast Period

The wearable robotic exoskeleton market size is projected to grow from USD 1.24 billion in 2023 to USD 14.67 billion by 2030. As per a report by Fortune Business Insights™ titled, “Wearable Robotic Exoskeleton Market Size, Share & COVID-19 Impact Analysis, By Technology Type (Powered and Passive), By Application (Rehabilitation, Assistive, Body Parts Support, and Sports), By Body Part (Lower Body, Upper Body, and Full Body), By Actuation Technology (Electric, Hydraulic, Fully Mechanical, and Others), By End User (Healthcare, Manufacturing, Defense & Aerospace, and Commercial), and Regional Forecasts, 2023-2030” the market stood at USD 0.90 billion in 2022. It is set to exhibit a CAGR of 42.2% during the forecast period in 2023-2030.

Formation of Dynamic Opportunities Worldwide Globally during the Pandemic to Hinder Market Growth

The COVID-19 pandemic induced shutdown had brought robot suppliers to a complete halt. On the contrary, the pandemic has provided profitable industry possibilities for goods and service providers who focus on addressing genuine clinical difficulties in partnership with physicians and industry partners and responding to patients’ changing requirements.

ReWalk Robotics Ltd Introduced Exo-suit Exoskeleton to Drive the Market Growth

In November 2021, ReWalk Robotics Ltd introduced a new orthotic exo-suit exoskeleton. This battery-operated system is specially designed to assist medical operations among patients. It is used at homes as well as in community use.

Growing Usage of Exoskeleton Devices in the Medical Industry to Drive Market Growth

The demand for exoskeleton devices is increasing in the medical industry due to the increasing prevalence of inborn physical disabilities, the increasing number of vehicular accidents, and various other factors. Moreover, advancements of lightweight wearable robotics exoskeleton and soft-suit have shown to be the best technique to aid older people, children, and adult in rehabilitation. Such introduction of devices is expected to drive the wearable robotic exoskeleton market growth.

Furthermore, these players provide exoskeletons for the manufacturing and construction sectors as per the need and application. Hence, these manufacturers will enjoy lucrative opportunities over the projected period.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/wearable-robotic-exoskeleton-market-104664

Key Players to Focus on Emerging Advanced Exoskeletons to Grow their Product Portfolios

Key players of wearable robotic exoskeletons players dominate the global market. However, local and regional markets are highly fragmented due to the presence of small and medium manufacturers.

Notable Industry Development:

• March 2021: Cyberdyne Inc collaborated with J-Workout Corporation, a Japan-based gym specializing in spinal cord injury. This collaboration aimed to improve the product and service portfolio of the healthcare and medical sectors.

List of the Companies Profiled in the Report:

• CYBERDYNE, INC. (Japan)
• Ekso Bionics (U.S.)
• Hocoma (Switzerland)
• ReWalk Robotics (U.S.)
• Bionik Laboratories Corp. (Canada)
•  ExoAtlet (Luxembourg)
• Lockheed Martin (U.S.)
• Rex Bionics Pty Ltd. (U.S.)
• Sarcos Corp. (U.S.)
•  Wearable Robotics Srl (Italy)

Further Report Findings:

• North America is expected to lead the market share with balanced growth in the near future. The increasing adoption of applications in the healthcare, industrial, and military & defense sectors is fueling the wearable robotic exoskeleton market share.
• Asia Pacific is predicted to witness subsequent growth, with the highest CAGR during the projected period. The demand for wearable robotic exoskeletons in construction activities and manufacturing is anticipated to drive market growth.
• Europe is also predicted to hold a noteworthy share of the market. It is anticipated to remain in the second position owing to R&D activities and presence of exoskeleton manufactures in the region.

Table of Segmentation: