The global exoskeleton market is estimated to grow from USD 2.9 billion in the current year to USD 20.3 billion by 2035, at a CAGR of 22.4% during the forecast period, till 2035.
Exoskeletons in healthcare mainly support rehabilitation, gait training, and mobility for those with spinal cord injuries (SCI), strokes, neurological conditions, or age-related disabilities. Further, demographic changes, especially in areas such as Asia-Pacific, heighten the demand for mobility improvements and elder care, with exoskeletons boosting rehabilitation results by 23% in motor function recovery at certain US clinics.
To ensure widespread approval, developers are concentrating on meeting real needs with their exoskeleton designs. They are actively seeking innovations to address issues related to cost-efficiency and user discomfort, striving to turn exoskeletons into more organic and integrated second skin solutions instead of cumbersome robotic suits. Additionally, developers are incorporating artificial intelligence and machine learning to allow devices to recognize the user's intentions and enhance human-robot interactions via suitable control algorithms. Moreover, innovations such as virtual reality (VR), augmented reality (AR), tailored games, or a mix of these methods are being implemented to improve robotic therapy by boosting patient involvement and ensuring they stay dedicated to completing their assigned exercises. Due to technological progress and continual developments in this area, exoskeleton devices are expected to have significant potential in the years to come.
The market sizing and opportunity analysis has been segmented across the following parameters:
Body Part Covered:
- Upper Extremity
- Lower Extremity
- Full Body
Mode of Operation:
- Powered
- Passive
- Hybrid
Form
- Powered
- Passive
- Hybrid
Mobility
- Fixed / Supported
- Mobile
End Users
- Patients
- Healthcare Providers
Key Geographical Regions
- North America
- Europe
- Asia-Pacific
- Rest of the World
MEDICAL EXOSKELETON MARKET: GROWTH AND TRENDS
Over the years, significant advancements have occurred in robotic technologies, leading to enhanced usability of exoskeletons across different sectors for aiding and supporting humans. Especially in healthcare, these devices have demonstrated significant potential in aiding both patients and medical professionals. It is important to mention that even after decades of study and numerous possible applications, exoskeletons have not become the favored choice for stakeholders because of competition from other mobility systems and prosthetic devices often used in clinical and domestic environments.Exoskeletons in healthcare mainly support rehabilitation, gait training, and mobility for those with spinal cord injuries (SCI), strokes, neurological conditions, or age-related disabilities. Further, demographic changes, especially in areas such as Asia-Pacific, heighten the demand for mobility improvements and elder care, with exoskeletons boosting rehabilitation results by 23% in motor function recovery at certain US clinics.
To ensure widespread approval, developers are concentrating on meeting real needs with their exoskeleton designs. They are actively seeking innovations to address issues related to cost-efficiency and user discomfort, striving to turn exoskeletons into more organic and integrated second skin solutions instead of cumbersome robotic suits. Additionally, developers are incorporating artificial intelligence and machine learning to allow devices to recognize the user's intentions and enhance human-robot interactions via suitable control algorithms. Moreover, innovations such as virtual reality (VR), augmented reality (AR), tailored games, or a mix of these methods are being implemented to improve robotic therapy by boosting patient involvement and ensuring they stay dedicated to completing their assigned exercises. Due to technological progress and continual developments in this area, exoskeleton devices are expected to have significant potential in the years to come.
EXOSKELETON MARKET: KEY INSIGHTS
The report delves into the current state of the exoskeleton market and identifies potential growth opportunities within the industry. Some key findings from the report include:
- Presently, over 200 exoskeletons are available / under development to provide support to patients with mobility impairments or reduce the risk of musculoskeletal injuries among caregivers dealing with disabled patients.
- Over 100 medical exoskeletons, both rigid and soft, cover different parts of the body and are typically operated using batteries that power the sensors and actuators; over 60% of them capture the motion metrics of patients.
- Developers of medical exoskeletons have established a global presence; more than 40% of these players are based in Europe, primarily in countries, such as Germany and Switzerland.
- With the growing demand for medical exoskeletons amongst patients, several types of strategic deals have been inked in this domain; majority (26%) of partnerships signed were distribution agreements.
- In order to increase adoption rates and maximize return on investment (ROI) for the users, developers of medical exoskeletons are striving to reduce costs while incorporating advanced features into their portfolio of devices.
- Nearly 3,800 patents related to exoskeletons have been filed / granted since 2016, indicating the substantial efforts made by researchers engaged in this domain.
- The pioneer-migrator-settler map in blue ocean strategy analysis suggests that several medical exoskeleton developers focused on enhancing their product features are likely to emerge as pioneers in the coming years.
- In 2035, nearly 80% of the exoskeleton market is likely to be driven by the sales of rigid exoskeletons primarily supporting the lower body, in patients with muscle weaknesses or complete / partial paraplegia.
MEDICAL EXOSKELETON MARKET: KEY SEGMENTS
Currently, Lower Body Exoskeleton Segment Occupies the Largest Share of the Medical Exoskeleton Market
In terms of the body part covered, the market is segmented into upper body exoskeletons, lower body exoskeletons and full body exoskeletons. At present, the lower body exoskeleton segment holds the maximum share of the medical exoskeleton market. This is due to the steep price of lower body exoskeletons and an increase in the number of companies providing lower body medical exoskeletons. It is worth highlighting that the exoskeleton market for full body medical exoskeletons is anticipated to grow at a higher CAGR.Passive Exoskeletons Segment is the Fastest Growing Segment of the Exoskeleton Market During the Forecast Period
In terms of the mode of operation, the market is segmented into powered exoskeletons, passive exoskeletons and hybrid exoskeletons. The passive exoskeletons segment is expected to expand at a comparatively faster growth rate throughout the forecast period. This is due to the devices offering necessary ergonomic assistance without requiring actuators or batteries, resulting in decreased initial costs and lower maintenance expenses for the users. However, currently, the powered medical exoskeleton segment holds the maximum share of the medical exoskeleton market. This trend is unlikely to change in the near future.Currently, Rigid Exoskeletons Segment Occupies the Largest Share of the Medical Exoskeleton Market
In terms of their form, the market is segmented into rigid exoskeletons and soft exoskeletons. Due to their extensive use, rigid exoskeletons dominate the medical exoskeleton market. It is worth noting that soft exoskeletons segment is likely to grow at a relatively higher CAGR.Currently, Mobile Medical Exoskeletons Occupy the Largest Share of the Medical Exoskeleton Market
In terms of mobility, the market is segmented into stationary exoskeletons and mobile exoskeletons. It is worth highlighting that, at present, mobile / overground walking medical exoskeleton holds a larger share of the medical exoskeleton market. This is owing to the fact that exoskeletons enable patients to engage in activities such as standing, climbing stairs, or walking, which are vital for restoring functional independence. Moreover, mobile exoskeletons can be utilized in different settings, such as outpatient clinics, residential areas, and communal spaces, allowing patients to pursue their rehabilitation beyond conventional healthcare environments.Currently, Patient-Focused Exoskeletons are Expected to Capture the Largest Share of the Medical Exoskeleton Market
In terms of the end-user, the market is segmented into patients and healthcare professionals. It is important to note that a significant share of the existing medical exoskeleton market is dominated by patient-oriented exoskeletons.North America Accounts for the Largest Share of the Market
Based on key geographical regions, the market is segmented into North America, Europe, Asia-Pacific and Rest of the world. It is worth highlighting that, over the years, the market in the rest of the world is expected to grow at a higher CAGR.Example Players in the Exoskeleton Market
- Bionic Yantra
- CYBERDYNE
- Ekso Bionics
- ExoAtlet
- Fourier Intelligence
- Gloreha
- Guangzhou Yikang Medical Equipment
- Hexar Humancare
- Hocoma
- MediTouch
- Milebot Robotics
- Myomo
- Neofect
- NextStep Robotics
- Panasonic
- ReWalk Robotics
- Rex Bionics
- Roam Robotics
- Trexo Robotics
- Tyromotion
- U&O Technologies
Primary Research Overview
The opinions and insights presented in this study were influenced by discussions conducted with multiple stakeholders. The research report features detailed transcripts of interviews held with the following industry stakeholders:- Co-Founder and Chief Executive Officer, Company A
- Director of Business Planning and Development, Company B
- Vice President of Sales and Marketing, Company C
- Marketing and Design Manager, Company D
- Founder and Director, Company E
MEDICAL EXOSKELETON MARKET: RESEARCH COVERAGE
- Market Sizing and Opportunity Analysis: The report features an in-depth analysis of the exoskeleton market, focusing on key market segments, including [A] body part covered, [B] mode of operation, [C] mobility, [D] end users and [F] key geographical regions.
- Market Landscape: A comprehensive evaluation of medical exoskeletons, considering various parameters, such as [A] status of development, [B] body part covered, [C] mode of operation, [D] form of exoskeleton, [E] device mobility, [F] user-machine interface, [G] advanced features of exoskeleton, [H] end users, [I] patient age group, [J] exoskeleton setting for patients and [K] grant of breakthrough device designation. Additionally, it includes information on [L] exoskeleton technology / software, [M] maximum weight of exoskeleton, [N] maximum weight carrying capacity and [O] exoskeleton dimensions. Further, the chapter presents a list of players engaged in the development / commercialization of medical exoskeletons, along with information on their [P] year of establishment, [Q] company size, [R] location of headquarters, [S] company ownership, [T] additional services offered and [U] most active companies (in terms of number of medical exoskeleton offered).
- Product Competitiveness: A comprehensive competitive analysis of medical exoskeletons, examining factors, such as [A] supplier strength, [B] product competitiveness and [C] end users.
- Company Profiles (Detailed Profiles): In-depth profiles of key players offering medical exoskeletons, focusing on [A] company overviews, [B] financial information (if available), [C] product portfolio, [D] recent developments and [E] an informed future outlook.
- Company Profiles (Tabulated Profiles): Short profiles of key players offering medical exoskeletons, focusing on [A] company overviews and [B] product portfolio.
- Partnerships and Collaborations: An analysis of partnerships established in this sector, since 2017, based on several parameters, such as [A] year of partnership, [B] type of partnership (mergers and acquisitions, product development and commercialization agreements, licensing agreements, service agreements, product development and manufacturing agreements, joint ventures, manufacturing and supply agreements, and product distribution agreements), [C] type of partner (industry and non-industry), [D] business globalization and [E] most active players. This section also highlights the regional distribution of partnership activity in this market.
- Patent Analysis: Detailed analysis of various patents filed / granted based on [A] type of patent, [B] patent application year, [C] patent publication year, [D] geographical location, [E] type of applicant, [F] publication time, [G] top CPC symbols, [H] leading players (in terms of number of patents filed / granted), along with [I] a detailed patent benchmarking analysis.
- Blue Ocean Strategy: A comprehensive analysis of current and future market based on blue ocean strategy, covering a strategic plan / guide for emerging medical exoskeleton companies to help unlock an uncontested market, highlighting thirteen strategic tools that can help to shift towards blue ocean to gain a competitive edge in the market.
- Market Impact Analysis: The report analyzes various factors such as drivers, restraints, opportunities, and challenges affecting market growth.
KEY QUESTIONS ANSWERED IN THIS REPORT
- How many companies are currently engaged in this market?
- What factors are likely to influence the evolution of this market?
- What is the current and future market size?
- What is the CAGR of this market?
- How is the current and future market opportunity likely to be distributed across key market segments?
REASONS TO BUY THIS REPORT
- The report provides a comprehensive market analysis, offering detailed revenue projections of the overall market and its specific sub-segments. This information is valuable to both established market leaders and emerging entrants.
- Stakeholders can leverage the report to gain a deeper understanding of the competitive dynamics within the market. By analyzing the competitive landscape, businesses can make informed decisions to optimize their market positioning and develop effective go-to-market strategies.
- The report offers stakeholders a comprehensive overview of the market, including key drivers, barriers, opportunities, and challenges. This information empowers stakeholders to stay abreast of market trends and make data-driven decisions to capitalize on growth prospects.
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Table of Contents
1. PREFACE
2. RESEARCH METHODOLOGY
3. ECONOMIC AND OTHER PROJECT SPECIFIC CONSIDERATIONS
5. INTRODUCTION
6. MEDICAL EXOSKELETONS: MARKET LANDSCAPE
7. NON-MEDICAL EXOSKELETONS: MARKET LANDSCAPE
8. MEDICAL EXOSKELETONS: PRODUCT COMPETITVENESS ANALYSIS
9. EXOSKELETON DEVELOPERS: DETAILED COMPANY PROFILES
10. EXOSKELETON DEVELOPERS: TABULATED COMPANY PROFILES
11. MEDICAL EXOSKELETONS: PARTNERSHIPS AND COLLABORATIONS
12. PATENT ANALYSIS
13. BLUE OCEAN STRATEGY
14. MARKET IMPACT ANALYSIS: DRIVERS, RESTRAINTS, OPPORTUNITIES AND CHALLENGES
15. GLOBAL EXOSKELETONS MARKET
16. EXOSKELETONS MARKET, BY BODY PART COVERED
17. EXOSKELETONS MARKET, BY MODE OF OPERATION
18. EXOSKELETON MARKETS, BY THEIR FORM
19. EXOSKELETON MARKETS, BY THEIR MOBILITY
20. EXOSKELETONS MARKET, BY END USERS
21. EXOSKELETONS MARKET, BY GEOGRAPHY
23. EXECUTIVE INSIGHTS
24. APPENDIX I: BLUE OCEAN STRATEGY AND SHIFT TOOLS
LIST OF FIGURES
LIST OF TABLES
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 20 Knots Plus (20KTS+)
- Abdul Latif Jameel
- Abilitech Medical
- ABLE Human Motion
- AGADE
- Againer
- Airbus
- Akina
- Alias Robotics
- Alpha Quantix
- Amazon
- Anatomical Concepts
- Angel Robotics
- Anhui Ryzur Medical
- Archelis
- Arrow Electronics
- Assistive Innovations
- Astride Bionix
- Asuka
- Aurora
- Autonomyo
- Auxivo
- Auxsys
- awb
- Axosuits
- BAMA Technology
- B-Bridge
- Big Bang Boom Solutions (BBBS)
- Biolift
- Biomotum
- Bionic Power
- Bionic Yantra
- BIONIK Laboratories
- Bioservo Technologies
- BKK Mobil Oil
- BoBo
- Bond University
- Boston University
- Boston University Neuromotor Recovery Laboratory
- Brillinger
- Brooks Rehabilitation
- B-Temia
- C2
- Cadence Biomedical
- Carl Stahl
- C-Exoskeleton
- Carl Stahl Sava Industries
- Comau
- Competence Centre for Rehabilitation Engineering and Science (RESC)
- Coopselios
- Cosmos Bionics
- Crimson Dynamics
- Curexo
- Cyber Human Systems
- CYBERDYNE
- Daehan Rehabilitation Hospital
- Daewoo E&C
- Daiya
- Dephy
- Deutsche Angestellten-Krankenkasse - Gesundheit
- Ectron
- Eiffage
- Ekso Bionics
- Ekzar34
- Element Exo
- Emovo Care
- Endoenergy Systems
- Enhanced Robotics
- Ergo Diffusion
- ErgoSanté
- Everest IMS Technologies
- Exaurus
- EXHAUSS
- ExoAtlet
- EXOesqueleto REHAB
- ExoIQ
- Exomed
- Exomys - Augmented Humanity
- Exorise
- ExoSkeleton Innovations
- Exy
- European Center of Neurosciences
- Festool
- Fischer Connectors
- Flinders University
- Florida Rehabilitation Center (a subsidiary of BIONIK Laboratories)
- FM Logistic
- Fourier Intelligence
- FREE Bionics
- FREI
- GenElek Technologies
- General Electric
- General Incorporated Association
- German Bionic
- G-Hoo
- Gloreha
- Gogoa
- Gorbel
- Guangzhou Hyetone Industrial Technology
- Guangzhou Yikang Medical Equipment
- Gulf Medical University
- H Robotics
- Hampshire Country Council
- HaptX
- Harmonic Bionics
- Harmonie Medical Service
- Harvard University
- HASOMED
- Health2Work
- Health Canada
- Healthlink Holdings
- Hellstern medical
- HeroWear
- Hexar Humancare
- Hidrex
- Hjelpemiddelpartner
- Hilti
- HKK Bionics
- Hobbs Rehabilitation
- Hocoma
- Honda
- HoustonBionics
- hTrius
- Human in Motion Robotics
- Human Mechanical Technologies (HMT)
- HumaniX
- Humotech
- Hunic
- Hypershell
- Hyundai Motor
- Innophys
- Institute of Computing Technology Chinese Academy of Sciences
- InteSpring
- ITURRI
- IUVO
- JAECO Orthopedic
- Japan Agency for Medical Research and Development
- Japet
- John Hopkins Aramco Healthcare
- JTEKT
- J-Workout
- Keidanren
- Keystone Education
- Kindred Healthcare
- Kubota
- Laevo
- Levier
- Levitate Technologies
- LeyLine (a subsidiary of CYBERDYNE)
- LIFESCAPES
- Life Sciences Research Office
- LG Electronics
- Lifepoint Health
- Lockheed Martin
- Macquarie University
- Marsi Bionics
- Marubeni Ina Mirai Denki
- Mawashi Science & Technology
- maxon
- MebotX
- Mebster
- Mech Lab
- Meditas Oy
- MediTouch
- Metta Medtech
- MIHARU
- Milebot Robotics
- Ministry of Health of the Kingdom of Saudi Arabia
- MIRAISENS
- Mitsubishi Heavy Industries (MHI)
- Motek Medical
- Motive Labs
- Motorika
- MotorSkins
- Moveo
- MPC Healthcare
- MyndTec
- Myomo
- MyoSwiss
- National Robotarium
- National University of Singapore
- Neofect
- NeuroMuscular Orthotics
- Neurolutions
- Newndra
- NextStep Robotics
- noonee
- NovaHealth TCM Clinic
- Nuada
- Ocalis
- OIM Sweden
- Origin Polska
- Oslo Municipality
- Össur
- Otherlab
- Ottobock
- P&S Mecanics
- Pace Rehabilitation
- Panasonic
- Parker Hannifin
- PedaSys
- PhaseX AB
- PolySpine
- Pro-Med
- Protesto
- Rake Technologies
- RB3D
- Reactive Robotics
- Reboocon Bionics
- Reev
- Reha Technology
- Rehab
- RehabMart
- Rehab-Robotics
- Rehasys
- RETOucH
- ReWalk Robotics
- Rex Bionics
- Rhino Assembly
- RISE
- Roam Robotics
- RoboCT
- Robo-Mate
- RoboSuits
- Roceso Technologies
- Roki Robotics
- Royal Rehab
- RTX
- RWTH Aachen University
- Saebo
- Samsung
- Sarcos Technology and Robotics
- SensoRehab
- Seoul National University
- Shanghai Siyi Intelligence Technology
- Shirley Ryan AbilityLab (SRAL)
- Skelex
- Ski~Mojo
- SolidWorks
- Sonceboz
- Spectrum Ergonomics
- SpringActive
- STEPS Rehabilitation
- StrongArm
- SuitX (a subsidiary of Ottobock)
- Summit Medical and Scientific
- Sunway Medical Centre
- Svaya Robotics
- Technaid
- Techniker Krankenkasse
- Tecno Italia
- Tendo
- The Fraternal Order of Eagles
- Thor Assistive Technologies
- Tonus
- Toyota Motor
- Trexo Robotics
- TsNIITochMash
- Twiice
- Tyromotion
- U&O Technologies
- Uchida
- ULS Robotics
- University of California
- University of Michigan
- University of New South Wales
- University of Queensland
- United States Military Academy West Point
- University of Texas
- University of Utah
- United States Special Operations Command (USSOCOM)
- U.S. Army Medical Research and Materiel Command (USAMRMC)
- U.S. Army Combat Capabilities Development Command Army Research Laboratory
- USCI
- U.S. Department of Veterans Affairs
- US Physiatry (USP)
- Verve Motion
- Vilje Bionics
- Wandercraft
- Weiss Medical
- Wearable Robotics
- Wistron
- Works Applications
- WQ Park
- Xeno Dynamics
- Y's Rehabilitation Center
Methodology
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