Exoskeleton System Market size was valued at USD 257.9 million in 2021 and is projected to expand at a compound annual growth rate (CAGR) of 18.0% from 2022 to 2030.
In order to enhance employee wellness and increase productivity, exoskeleton solutions are being widely embraced across sectors. Numerous firms specializing in exoskeleton technology and offering solutions for rehabilitation have emerged as a result of the increasing demand. Furthermore, to increase the adoption rate over the ensuing years, market players are being forced by the exoskeleton industry’s ongoing evolution to design novel product development tactics. For instance, in June 2021, suitX introduced shieldX, which is utilized by medical professionals who frequently have neck and back pain due to their hefty anti-radiation aprons. Similar to that, Roam Robotics announced in May 2021 the release of Ascend, a robotic partial knee orthosis that wearers can employ to lessen knee pain and recover mobility.
Occupational overuse syndrome (OOS), cumulative trauma disorders (CTD), and repetitive strain injury are some of the most prevalent musculoskeletal injuries and conditions impacting the construction sector (RSI). According to predictions from the WHO released in February 2021, 1.71 billion people worldwide suffer from musculoskeletal problems. Estimates from the Health and Safety Executive (HSE) in November 2020 place the number of workers in Great Britain who have musculoskeletal problems related to their jobs at around 480,000. Due to the advantages of exoskeleton technology, such as enhancing or assisting users’ physical activity or capability, improving users’ health and productivity, and lessening the weariness experienced by industrial workers, these are some of the factors encouraging the acceptance of exoskeleton solutions.
However, limited technological breakthroughs and low per capita income in emerging nations and underdeveloped countries impede the growth and development of the exoskeleton market. Companies in less developed countries confront a number of difficulties, including a lack of funding and patient access to these cutting-edge products. For instance, access to rehabilitation therapies for communities of people with disabilities has been hampered by the inadequate healthcare services in emerging nations. Additionally, these developing nations rely largely on medical device imports, which raises the cost of these products and limits access, impeding the expansion and development of the exoskeleton market.
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Major Players in Exoskeleton System market are:
Berkley Robotics
ReWalk Robotics
Honda
Focal Meditech
Interactive Motion Technologies
LockHeed Martin
Cyberdyne
Ekso Bionics
Hocoma
Rex Bionics
Most important types of Exoskeleton System products covered in this report are:
Lower Body Exoskeletons
Full Body Exoskeletons
Upper Body Exoskeletons
Most widely used downstream fields of Exoskeleton System market covered in this report are:
Military
Industrial
Construction
Healthcare
Major Regions or countries covered in this report:
North America
Europe
China
Japan
Middle East and Africa
South America
India
South Korea
Southeast Asia
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