Covina, United States: Global Exoskeleton Market, By Component (Hardware and Software), Type (Powered and Passive), Mobility (Stationary and Mobile), Body Part (Lower, Upper, and Full Body), Vertical (Healthcare, Defense, and Industrial), and By Region (North America, Latin America, Europe, Middle East, Asia Pacific, and Africa) – Trends, Analysis and Forecast till 2030
Exoskeleton Market Outlook
- Market Value 2020: US$ 220 Mn
- Market Value Estimation 2030: US$ 77 Mn
- CAGR: 26.0%
Exoskeletons are the external skeletons that support and shield the body, as opposed to the internal skeleton (endoskeleton). These are more wearable devices that enhance human task performance and enable stronger limb mobility. The exoskeleton helps people walk, stand, and lift large objects while also advancing medical research. Exoskeleton technology helps to lessen the effects of a number of disabilities, including muscular dystrophy, general fatigue, and paralysis.
Top News relating to Industry, Innovation:
- At the Hannover Messe Digital Edition 2021 event in April 2021, Ottobock unveiled the Paexo Shoulder Jacket, Paexo Cool Sleeve, and Paexo Thumb Slim. During demanding occupations such as overhead labour or lifting packages, these gadgets give significant respite for the body.
- HAL Single Joint Type got medical device certification from the Thai Food and Medical Products Approval Authority (Thai FDA) in March 2021. Patients with limited mobility in their upper and lower limbs due to muscle weakness or paralysis should use this product.
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Key Segmentation of the Exoskeleton market:
The Global Exoskeleton Market size was valued at USD 220 million in 2020 and expected to expand to USD 2171.77 million at a compound annual growth rate (CAGR) of 26.0%. The global exoskeleton market has been segmented on the basis of component, type, mobility, body part, vertical, and region.
- Based on Component, Global Exoskeleton Market is segmented into Hardware and Software.
- Based on Type, Global Exoskeleton Market is segmented into Powered and Passive.
- Based on Mobility, Global Exoskeleton Market is segmented into Stationary and Mobile.
- Based on Body Part, Global Exoskeleton Market is segmented into Lower, Upper, and Full Body.
- Based on Vertical, Global Exoskeleton Market is segmented into Healthcare, Defense, and Industrial.
- By Region, the Global Exoskeleton Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The Exoskeleton Market Report mentions the following promising regions:
- North America- U.S., Canada
- Europe- UK, Germany, Spain, France, Italy, Russia, Rest of Europe
- Asia Pacific- Japan, India, China, South Korea, Australia, Rest of Asia-Pacific
- Latin America- Brazil, Mexico, Argentina, Rest of Latin America
- Middle East & Africa- South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa
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Top-tier significant players:
The prominent player operating in the global Exoskeleton market includes Bionik Laboratories, B-Temia, Cyberdyne, Ekso Bionics, Focal Meditech, DIH Technologies, Lockheed Martin, Ottobock, Rewalk Robotics, and Meditouch.
Premium Report offers:
- Assessments of market share for the regional and national segments
- A description of the business, including its goals, finances, and most recent advancements.
- In addition to a comprehensive analysis of market share, the report contains data on significant drivers, restraints, and opportunities.
- The market power of consumers and suppliers is demonstrated via Porter’s five forces study.
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