Exoskeleton Market Analysis

Product (Lower Extremities, Full Body, Upper Extremities)

The upper extremities segment in the exoskeleton market is set to generate the largest revenue of 56 percent by the end of 2035. Exoskeletons for the upper extremities may boost pressures acting on a worker's arms and torso that vary from the forces required to move a load. They serve as essential human extenders that boost human strength to enable the handling of large, bulky items. During the forecast period, the prevalence of accidental accidents is anticipated to raise demand for upper extremities as these exoskeletons serve as an alternative for an accident-related arm or hand that has been lost entirely or partially.

Technology (Powered, Passive)

Exoskeleton market from the powered segment is expected to have notable growth with a registered share of 60 percent over the projected period. Powered exoskeleton robots are capable of transferring weight, enabling improved mobility with fewer strains or injuries. For armed personnel traveling greater distances in harsh terrain such as mountains and cliffs, this is extremely crucial. Hence, this segment is anticipated to experience the biggest year-over-year growth during the forecast timeframe as a result.

End User (Industrial, Military & Defense, Healthcare)

The healthcare segment in the exoskeleton market is poised to rise over the forecast period. The healthcare industry has recently seen an enormous rise in the number of exoskeleton remedies being created for rehabilitation training for humans and rehabilitation robots to assist persons who are paralyzed entirely or partially.

Our in-depth analysis of the global market includes the following segments:

Product	Full Body Lower Extremities Upper Extremities
Mobility	Mobile Stationary
Technology	Powered Passive
End User	Healthcare Industrial Military & Defense

Frequently Asked Questions (FAQ)

The major factors driving the growth of the market are growing prevalence of emergency situation, rise in use of robotic exoskeleton for industrial use, and surge in preference for this product by military.

The market size of robotic exoskeleton is anticipated to attain a CAGR of ~24% over the forecast period, i.e., 2023 – 2035.

The major players in the market are Myomo, Inc., Bionik, ATOUN Inc., Cyberdyne Inc., and others.

The powered segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The market in the North America region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.

Exoskeleton Market Analysis