global-exoskeleton-robots-market-to-reach-$2.1-billion-by-2026

New York, June 25, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Exoskeleton Robots Industry” – https://www.reportlinker.com/p05798545/?utm_source=GNW

These external skeletons use artificial intelligence and sensors to detect bio-neurotic signals from the brain and trigger the frame to move in line with specific instructions like sitting, standing or lifting an object. Growth in the global market is being driven by increasing applications across diverse industries, rising geriatric population, technological innovations and broader scope in the military and healthcare sectors. These suits are anticipated to find extensive adoption in healthcare applications and benefit from increasing number of rehabilitation centers. Against the backdrop of strict social distancing measures and travel restrictions to curb spread of the coronavirus, the combination of worker shortage and exponential growth of the e-commerce sector has created a strong demand for advanced tools across diverse industries to boost productivity while ensuring worker safety. The requirement has played an important role in driving the adoption of powered, full-body exoskeletons for production units, construction sites and other complex environments.

– Amid the COVID-19 crisis, the global market for Exoskeleton Robots estimated at US$647.1 Million in the year 2020, is projected to reach a revised size of US$2.1 Billion by 2026, growing at a CAGR of 21.2% over the analysis period. Healthcare, one of the segments analyzed in the report, is projected to grow at a 20.8% CAGR to reach US$1.2 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Industrial segment is readjusted to a revised 23.1% CAGR for the next 7-year period. This segment currently accounts for a 30.4% share of the global Exoskeleton Robots market. Healthcare continues to be the primary end-use application segment of the robotic exoskeletons market as a result of increasing adoption of these suits by seniors and people with mobility disorders. Rising acceptance of exoskeletons in rehabilitation centers coupled with increasing incident of spinal cord injuries and associated treatments are bolstering the healthcare segment.

The U.S. Market is Estimated at $319.6 Million in 2021, While China is Forecast to Reach $255.8 Million by 2026

– The Exoskeleton Robots market in the U.S. is estimated at US$319.6 Million in the year 2021. The country currently accounts for a 43.07% share in the global market. China, the world`s second largest economy, is forecast to reach an estimated market size of US$255.8 Million in the year 2026 trailing a CAGR of 25.4% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16.9% and 19.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 21% CAGR while Rest of European market (as defined in the study) will reach US$305.6 Million by the end of the analysis period. Growth in North America region is being driven by major contribution from the US, rising aging population and high purchasing power of people. The market demand is propelled by increasing cases of spinal cord injury and stroke along with associated disabilities. Increasing awareness about these options and regulatory approval for medical exoskeletons are poised to fuel demand, while increasing number of rehabilitation centers to serve people with spinal cord injuries, stroke, traumatic brain surgeries, cerebral palsy and multiple sclerosis are expected to bolster the market. Improvements in healthcare infrastructure, a massive patient pool and government funding for medical devices are the major factors fueling growth in the Asia-Pacific region.

By End-Use, Industrial Segment to Reach $714 Million by 2026

– The Industrial segment is gaining from increasing cases of workplace injuries and rising awareness regarding various merits of using exoskeletons in industrial applications. The increasing demand for advanced products to empower workers in different sectors like manufacturing, construction and distribution is poised to benefit the industrial segment. In the global Industrial segment, USA, Canada, Japan, China and Europe will drive the 22% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$167.4 Million in the year 2020 will reach a projected size of US$699.6 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$70.2 Million by the year 2026.

Select Competitors (Total 101 Featured)

  • Cyberdyne, Inc.
  • Ekso Bionics
  • Hocoma AG
  • Honda Motor Co., Ltd.
  • Lockheed Martin Corporation
  • Panasonic Corporation
  • Parker Hannifin Corporation
  • Rewalk Robotics Ltd.
  • Rex Bionics Ltd.
  • Toyota Motor Corporation

Read the full report: https://www.reportlinker.com/p05798545/?utm_source=GNW

CONTENTS

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

Impact of COVID-19 and a Looming Global Recession

EXHIBIT 1: COVID-19 Leaves the World in Shambles & Industries

and Markets Upended: World Economic Growth Projections (Real

GDP, Annual % Change) for 2019E to 2022F

COVID-19 Provides Major Springboard to Full-Body, Powered

Exoskeleton Deployment

Pandemic Compels Senior Care Facilities to Use Modern

Technologies for Better Care

Disruptions in Military Training Inflicts Direct Blow on

Exoskeleton Robotics Market

EXHIBIT 2: Infection Spread Disrupts Military Personnel

Training & Troop Deployment: Cumulative Number of COVID-19

Cases Across the Defense Department in the U.S. in May, June,

September & November 2020

Exoskeleton Robots: Wearable Machines to Augment Human Strength

Active & Passive Exoskeletons

Rising Demand Amps Up Global Robotic Exoskeletons Market to

Action-Packed Future

Mobile Exoskeletons Dominate and Buoy the Market

Primary Segments of Robotic Exoskeletons

Prominent Factors with Positive Cascading Effect on Robotic

Exoskeletons Market

High Adoption in Medical & Military Applications

Technological Advances to Drive Growth

Select Innovations & Advancements

Analysis by End-Use: Healthcare Remains Primary Segment

EXHIBIT 3: World Exoskeleton Robots Market by End-Use (2020 &

2027): Percentage Breakdown of Revenues for Healthcare,

Industrial, and Other End-Uses

Regional Analysis: North America Remains the Most Lucrative Market

EXHIBIT 4: World Exoskeleton Robots Market by Region (2020 &

2027): Percentage Breakdown of Revenues for Developed and

Developing Regions

EXHIBIT 5: Global Exoskeleton Robots Market: Geographic Regions

Ranked by CAGR (Value) for 2020-2027: China, Asia-Pacific,

Rest of World, USA, Europe, Canada, and Japan

Competitive Scenario

Budding Market for Robotic Exoskeletons Marked by Fierce

Competition

Recent Market Activity

EXHIBIT 6: Exoskeleton Robots Competitor Market Share Scenario

Worldwide (in %): 2020(E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

Healthcare Sector Steers Momentum in the Exoskeleton Robots Market

Rehabilitation Exoskeleton Robots Set to Make Big Gains

Exoskeleton Robots Helping Paraplegics to Walk Again

Recent Exoskeleton Advancements for Delivering Enhanced

Mobility Therapy

Increasing Incidence of Neurological, Musculoskeletal and

Chronic Medical Conditions to Steer Adoption

EXHIBIT 7: Global Osteoporosis Prevalence: Number of People

with Osteoporosis in Millions by Select Country/Region for

2012 and 2022P

EXHIBIT 8: Percentage (%) of Women Affected by Osteoporosis

Importance of Physical Therapy for Stroke Survivors Bodes Well

Select Arm and Hand Robotic Devices

Select Leg and Foot Robotic Devices

Rising Incidence of Physical Disabilities Steers Importance of

Rehabilitation Robots

EXHIBIT 9: Percentage of Population with Disabilities by Age Group

Growing Geriatric Population & Parallel Increase in Prevalence

of Age-Related Conditions: Strong Business Case for

Rehabilitation Exoskeleton Robots

EXHIBIT 10: Global Aging Population Statistics for the 65+ Age

Group in Million by Geographic Region for the Years 2019,

2025, 2035 and 2050

EXHIBIT 11: Elderly Population (65+ Years) as a % of Total

Population by Developed, Less Developed and Least Developed

Regions: 2019 & 2030

Rising Care Costs & Shortage of Home Care Workers for Disabled

and Elderly Turn Focus onto Rehabilitation Robots

EXHIBIT 12: Annual Cost of Full-Time Home Health Aide (in $) in

the US for 2004-2019

EXHIBIT 13: Long-term Care Workers in the US: Percentage

Breakdown of Workforce by Type for 2020

Resolving Prevailing Issues & Challenges: Critical for Future

Success of Rehabilitation Exoskeleton Robots

Exoskeleton Robots Poised to Transform Industrial Sector

Industrial Exoskeleton Robots Promise Increased Worker

Productivity & Reduced Workplace Injuries

Current Trends in Industrial Automation & Industry 4.0 Favor

Uptake

EXHIBIT 14: Major Industry 4.0 Technologies: Global Market Size

(US$ Billion) for Internet of Things (IoT), Big Data, Smart

Factory, Advanced Analytics, Service Robotics, and Smart

Machines for 2020

As Defense Departments Lean towards Advanced Technologies,

Opportunities Galore for Military Exoskeleton Robots

EXHIBIT 15: Global Defense Budget (In US$ Billion) for the

Years 2019, 2021 and 2023

New Range of Military Exoskeletons Come to the Fore to Address

Stringent Requirements of Infantry Squads

Emphasis on Soldier Protection & Strengthening Infantry

Capabilities Widen the Business Case

EXHIBIT 16: Global Active Ready-to-Fight Military Manpower (In

000s) by Country

Exoskeleton Robots Augment Military Wearable Technology

AI Steps into Reinforce Military Exoskeleton Robots

US Marines to Test Real-Life Exoskeleton Robots

Construction Sector: A Niche Domain for Exoskeleton Robots

Smart Exoskeleton Market Poised to Witness Robust Growth

Smart Textiles to Play an Important Role in the Development of

Smart Exoskeletons

EXHIBIT 17: Global Smart Textile Market (In US$ Billion) for Years

Ongoing Research Efforts to Open New Avenues

Lack of Standards Holding Back Exoskeleton Adoption

4. GLOBAL MARKET PERSPECTIVE

Table 1: World Current & Future Analysis for Exoskeleton Robots

by Geographic Region – USA, Canada, Japan, China, Europe,

Asia-Pacific and Rest of World Markets – Independent Analysis

of Annual Revenues in US$ Thousand for Years 2020 through 2027

and % CAGR

Table 2: World 7-Year Perspective for Exoskeleton Robots by

Geographic Region – Percentage Breakdown of Value Revenues for

USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of

World Markets for Years 2020 & 2027

Table 3: World Current & Future Analysis for Healthcare by

Geographic Region – USA, Canada, Japan, China, Europe,

Asia-Pacific and Rest of World Markets – Independent Analysis

of Annual Revenues in US$ Thousand for Years 2020 through 2027

and % CAGR

Table 4: World 7-Year Perspective for Healthcare by Geographic

Region – Percentage Breakdown of Value Revenues for USA,

Canada, Japan, China, Europe, Asia-Pacific and Rest of World

for Years 2020 & 2027

Table 5: World Current & Future Analysis for Industrial by

Geographic Region – USA, Canada, Japan, China, Europe,

Asia-Pacific and Rest of World Markets – Independent Analysis

of Annual Revenues in US$ Thousand for Years 2020 through 2027

and % CAGR

Table 6: World 7-Year Perspective for Industrial by Geographic

Region – Percentage Breakdown of Value Revenues for USA,

Canada, Japan, China, Europe, Asia-Pacific and Rest of World

for Years 2020 & 2027

Table 7: World Current & Future Analysis for Other End-Uses by

Geographic Region – USA, Canada, Japan, China, Europe,

Asia-Pacific and Rest of World Markets – Independent Analysis

of Annual Revenues in US$ Thousand for Years 2020 through 2027

and % CAGR

Table 8: World 7-Year Perspective for Other End-Uses by

Geographic Region – Percentage Breakdown of Value Revenues for

USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of

World for Years 2020 & 2027

III. MARKET ANALYSIS

UNITED STATES

Aging Demographics and Rise in People with Disabilities to

Drive Adoption of Exoskeleton Robots in Healthcare Setup

EXHIBIT 18: US Population by Age Group (in %) for 2018, 2030 &

2050

Home Healthcare Trends Augurs Well for Market Expansion

Market Analytics

Table 9: USA Current & Future Analysis for Exoskeleton Robots

by End-Use – Healthcare, Industrial and Other End-Uses –

Independent Analysis of Annual Revenues in US$ Thousand for the

Years 2020 through 2027 and % CAGR

Table 10: USA 7-Year Perspective for Exoskeleton Robots by

End-Use – Percentage Breakdown of Value Revenues for

Healthcare, Industrial and Other End-Uses for the Years 2020 &

2027

CANADA

Table 11: Canada Current & Future Analysis for Exoskeleton

Robots by End-Use – Healthcare, Industrial and Other End-Uses –

Independent Analysis of Annual Revenues in US$ Thousand for the

Years 2020 through 2027 and % CAGR

Table 12: Canada 7-Year Perspective for Exoskeleton Robots by

End-Use – Percentage Breakdown of Value Revenues for

Healthcare, Industrial and Other End-Uses for the Years 2020 &

2027

JAPAN

Market Overview

EXHIBIT 19: Aging Population in Japan: 65+ Individuals as % of

Total Population for 2010-2019

Market Analytics

Table 13: Japan Current & Future Analysis for Exoskeleton

Robots by End-Use – Healthcare, Industrial and Other End-Uses –

Independent Analysis of Annual Revenues in US$ Thousand for the

Years 2020 through 2027 and % CAGR

Table 14: Japan 7-Year Perspective for Exoskeleton Robots by

End-Use – Percentage Breakdown of Value Revenues for

Healthcare, Industrial and Other End-Uses for the Years 2020 &

2027

CHINA

Table 15: China Current & Future Analysis for Exoskeleton

Robots by End-Use – Healthcare, Industrial and Other End-Uses –

Independent Analysis of Annual Revenues in US$ Thousand for the

Years 2020 through 2027 and % CAGR

Table 16: China 7-Year Perspective for Exoskeleton Robots by

End-Use – Percentage Breakdown of Value Revenues for

Healthcare, Industrial and Other End-Uses for the Years 2020 &

2027

EUROPE

Market Overview

Aging Population: A Key Driver of Healthcare Exoskeleton

Robotics Market Growth

EXHIBIT 20: Elderly Population in Europe: 65+ People as % of

Total Population in Select European Countries for 2019

Market Analytics

Table 17: Europe Current & Future Analysis for Exoskeleton

Robots by Geographic Region – France, Germany, Italy, UK and

Rest of Europe Markets – Independent Analysis of Annual

Revenues in US$ Thousand for Years 2020 through 2027 and % CAGR

Table 18: Europe 7-Year Perspective for Exoskeleton Robots by

Geographic Region – Percentage Breakdown of Value Revenues for

France, Germany, Italy, UK and Rest of Europe Markets for Years

2020 & 2027

Table 19: Europe Current & Future Analysis for Exoskeleton

Robots by End-Use – Healthcare, Industrial and Other End-Uses –

Independent Analysis of Annual Revenues in US$ Thousand for the

Years 2020 through 2027 and % CAGR

Table 20: Europe 7-Year Perspective for Exoskeleton Robots by

End-Use – Percentage Breakdown of Value Revenues for

Healthcare, Industrial and Other End-Uses for the Years 2020 &

2027

FRANCE

Table 21: France Current & Future Analysis for Exoskeleton

Robots by End-Use – Healthcare, Industrial and Other End-Uses –

Independent Analysis of Annual Revenues in US$ Thousand for the

Years 2020 through 2027 and % CAGR

Table 22: France 7-Year Perspective for Exoskeleton Robots by

End-Use – Percentage Breakdown of Value Revenues for

Healthcare, Industrial and Other End-Uses for the Years 2020 &

2027

GERMANY

Table 23: Germany Current & Future Analysis for Exoskeleton

Robots by End-Use – Healthcare, Industrial and Other End-Uses –

Independent Analysis of Annual Revenues in US$ Thousand for the

Years 2020 through 2027 and % CAGR

Table 24: Germany 7-Year Perspective for Exoskeleton Robots by

End-Use – Percentage Breakdown of Value Revenues for

Healthcare, Industrial and Other End-Uses for the Years 2020 &

2027

ITALY

Table 25: Italy Current & Future Analysis for Exoskeleton

Robots by End-Use – Healthcare, Industrial and Other End-Uses –

Independent Analysis of Annual Revenues in US$ Thousand for the

Years 2020 through 2027 and % CAGR

Table 26: Italy 7-Year Perspective for Exoskeleton Robots by

End-Use – Percentage Breakdown of Value Revenues for

Healthcare, Industrial and Other End-Uses for the Years 2020 &

2027

UNITED KINGDOM

Table 27: UK Current & Future Analysis for Exoskeleton Robots

by End-Use – Healthcare, Industrial and Other End-Uses –

Independent Analysis of Annual Revenues in US$ Thousand for the

Years 2020 through 2027 and % CAGR

Table 28: UK 7-Year Perspective for Exoskeleton Robots by

End-Use – Percentage Breakdown of Value Revenues for

Healthcare, Industrial and Other End-Uses for the Years 2020 &

2027

REST OF EUROPE

Table 29: Rest of Europe Current & Future Analysis for

Exoskeleton Robots by End-Use – Healthcare, Industrial and

Other End-Uses – Independent Analysis of Annual Revenues in US$

Thousand for the Years 2020 through 2027 and % CAGR

Table 30: Rest of Europe 7-Year Perspective for Exoskeleton

Robots by End-Use – Percentage Breakdown of Value Revenues for

Healthcare, Industrial and Other End-Uses for the Years 2020 &

2027

ASIA-PACIFIC

India: Assistive Technologies for Disabled Individuals

Market Analytics

Table 31: Asia-Pacific Current & Future Analysis for

Exoskeleton Robots by End-Use – Healthcare, Industrial and

Other End-Uses – Independent Analysis of Annual Revenues in US$

Thousand for the Years 2020 through 2027 and % CAGR

Table 32: Asia-Pacific 7-Year Perspective for Exoskeleton

Robots by End-Use – Percentage Breakdown of Value Revenues for

Healthcare, Industrial and Other End-Uses for the Years 2020 &

2027

REST OF WORLD

Table 33: Rest of World Current & Future Analysis for

Exoskeleton Robots by End-Use – Healthcare, Industrial and

Other End-Uses – Independent Analysis of Annual Revenues in US$

Thousand for the Years 2020 through 2027 and % CAGR

Table 34: Rest of World 7-Year Perspective for Exoskeleton

Robots by End-Use – Percentage Breakdown of Value Revenues for

Healthcare, Industrial and Other End-Uses for the Years 2020 &

2027

IV. COMPETITION

Total Companies Profiled: 101

Read the full report: https://www.reportlinker.com/p05798545/?utm_source=GNW

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