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Pulished Date February, 2020
ID: 9299
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Global Exoskeleton Market by Type (Powered and Passive), Mobility (Stationary and Mobile), Body Part (Lower, Upper, and Full Body), End-user (Healthcare, Defense, and Industrial), and Geography - Forecast to 2025

Pulished: February, 2020
ID: 9299
Pages: 150

Exoskeleton Market Size & Growth (2020 - 2025)

The global exoskeleton market is projected to grow from $ 0.72 billion in 2020 to $ 3.25 billion by 2025, at a compound annual rate of above 45% between 2020 and 2025.

Exoskeletons are portable devices that are used to expand the user's physical capabilities. It contains rigid and resistant components that are only a set of functional roles, in particular excretion, protection, support, detection. In general, exoskeletons work with sensors and actuators or sometimes they can be passive. These portable machines allow limb movement with amplified force and improve the performance of human tasks.

The term exoskeleton means a rigid and solid outer shell that is intended to protect the body from certain invertebrates, mainly arthropods. The exoskeleton acts as protection that covers animals with weaker body parts. The same technology has now extended to humans. There are several applications of the exoskeleton in humans with congenital disabilities or in humans with deformed body appendages. Since the 1960s, researchers have continuously worked on the construction of mechanical exoskeletons for human application. The first exoskeleton was built by General Electric and the armed forces of the United States. Scientists and researchers have developed this portable technology that combines information systems and robotics to form an external structure for the human body. The main applications are intended for soldiers who suffer physical malformations due to the consequences of war.

Recent Developments:

  • Robotic exoskeletons are becoming a rehabilitation tool to improve various health-related consequences after spinal cord injury. For example, ReWalk is the first exoskeleton to receive FDA approval for rehabilitation use in the United States. This robotic exoskeleton allows people with spinal cord injuries to stand, walk, turn and climb.
  • Ekso Bionics launched EksoNR, a robotic exoskeleton for neurorehabilitation purposes. EksoNR allows patients who recover from a stroke or other conditions to walk again with a natural step. It is equipped with EksoView, a touch screen controller that enables therapists to customize assistance to challenge patients through real-time feedback and measure results during use.
  • Avicrobot (a subsidiary of the Aviation Industry Corporation of China) has developed a robot for the rehabilitation of the lower extremities. The company also collaborated with the hospital in Xijing (China) to develop the robot. They have cooperatively launched a research center on rehabilitation robots to provide data support to these robots.
  • The New Life Rehab Hospital (India) has adopted robotic rehabilitation for neuro, ortho and geriatric patients. They use robotic devices connected to the patient to help him move his limbs naturally.

Market growth and trends:

The safety of the elderly is one of the main concerns of the health care industry. Lesions resulting from loss of balance are more common in the elderly. Intelligent lightweight carbon fiber exoskeletons can be worn below the waist and easily fit the wearer's body. These smart exoskeletons learn from users' walking style and recognize the patterns of their passage. Once the walking pattern is established, the exoskeleton system algorithm can detect deviations from the regular stride pattern. Any difference would activate the thigh motors, which would help restore the stability of the hip and prevent the fall of the elderly. These benefits of smart exoskeleton systems are presumed to stimulate market growth significantly.

Drivers and Market Restraints:

The main factors stimulating the growth of the global exoskeleton market are the geriatric population, the advent of robotic technologies and the increase in investments in exoskeleton technology. The increasing adoption in the industrial and military sectors, the growing demand of the health care sector for robotic rehabilitation, a rising prevalence of strokes, advances in robotic technologies, higher investments and financing for R&D to develop solutions more accessible and affordable, and mobility are the main factors that drive the growth of the global exoskeleton market. However, strict government regulations regarding medical applications are the main factor limiting the growth of the exoskeleton business. Also, the high cost of equipment can hamper the market growth.

Market segmentation:

The global exoskeleton market, depending on mobility, is segmented into stationary and mobile. In 2019, the mobile segment held the bulk of the market. However, the stationary exoskeleton segment is assumed to experience lucrative growth over the forecast period. Key factors that contribute to the growth of this segment include the increased prevalence of spinal cord injury (SCI) and the increasing use of the stationary type in rehabilitation. Mobile and desktop exoskeletons are segmented into active and passive systems, depending on the energy used.

The critical end-user applications analyzed in the exoskeleton market are healthcare, defense and industrial. The health care segment had the largest market share in 2019. This segment is also classified in rehabilitation, care for the elderly and care centers. The increasing use of these products in rehabilitation centers, the increase in the prevalence of SCI and the subsequent increase in the rate of treatment are among the few factors that should stimulate market growth.

By type, the powered segment accounted for an outstanding share in the global exoskeleton market and is likely to expand in the same manner in the coming years.

Based on the body part, the global exoskeleton market is separated as a lower, upper and full body. 

Regional perspectives

North America exoskeleton market dominated the global business in 2019 with a larger share, by region. The main contributors to the large part may be the increase in the geriatric population and the increase in the purchasing power of patients. In addition, the increasing adoption of exoskeletons in the military, healthcare, industrial and consumer sectors should stimulate growth in the exoskeleton market of North America during the forecast period. Europe exoskeleton market is also foreseen to expand with a notable growth rate.

Key market players:

The main players in the exoskeleton market are Bionik (Canada), B-Temia (Canada), CYBERDYNE (Japan), Ekso Bionics (United States), Focal Meditech (Netherlands), DIH Technologies (China), Hyundai laboratories (South Korea), Lockheed Martin (USA), Meditouch (Israel), Ottobock (Germany), ReWalk Robotics (Israel), Exhauss (France), Fourier Intelligence (China), GOGOA Mobility Robots (Spain), P&S Mechanics ( South Korea), suitX (USA), ATOUN (Japan), Daiya Industry Co. (Japan), Honda Motor (Japan), MITSUBISHI HEAVY INDUSTRIES (Japan), PARKER HANNIFIN (USA), Rex Bionics (New Zealand), Gobio Robot (France), Myomo (USA)) and Wandercraft (France).

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                 

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                           

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling     

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                        

                                4.1.1 Drivers      

                                4.1.2 Restaints 

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis         

                                5.1.2 Products/Service 

                                5.1.3 Regional Presence

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Exoskeleton Market, By Type                             

                                6.1.1 Powered 

                                6.1.2 Passive     

                                6.1.3 Market Size Estimations & Forecasts (2019-2024)   

                                6.1.4 Y-o-Y Growth Rate Analysis              

                                6.1.5 Market Attractiveness Index           

                6.2 Exoskeleton Market, By Mobility                       

                                6.2.1 Mobile      

                                6.2.2 Stationary

                                6.2.3 Market Size Estimations & Forecasts (2019-2024)   

                                6.2.4 Y-o-Y Growth Rate Analysis              

                                6.2.5 Market Attractiveness Index           

                6.3 Exoskeleton Market, By End-User                    

                                6.3.1 Healthcare              

                                6.3.2 Defense   

                                6.3.3 Industrial 

                                6.3.4 Market Size Estimations & Forecasts (2019-2024)   

                                6.3.5 Y-o-Y Growth Rate Analysis              

                                6.3.6 Market Attractiveness Index           

                6.4 Exoskeleton Market, By Body Part                    

                                6.4.1 Lower       

                                6.4.2 Upper       

                                6.4.3 Full Body 

                                6.4.4 Market Size Estimations & Forecasts (2019-2024)   

                                6.4.5 Y-o-Y Growth Rate Analysis              

                                6.4.6 Market Attractiveness Index           

7. Geographical Landscape                                         

                7.1 Global Identity Governance and Administration Market, by Region                    

                7.2 North America - Market Analysis (2018 - 2024)                            

                                7.2.1 By Country              

                                                7.2.1.1 USA

                                                7.2.1.2 Canada

                                7.2.2 By Type    

                                7.2.3 By Mobility             

                                7.2.4 By End-User           

                                7.2.5 By Body Part          

                7.3 Europe                         

                                7.3.1 By Country              

                                                7.3.1.1 UK

                                                7.3.1.2 France

                                                7.3.1.3 Germany

                                                7.3.1.4 Spain

                                                7.3.1.5 Italy

                                                7.3.1.6 Rest of Europe

                                7.3.2 By Type    

                                7.3.3 By Mobility             

                                7.3.4 By End-User           

                                7.3.5 By Body Part          

                7.4 Asia Pacific                  

                                7.4.1 By Country              

                                                7.4.1.1 China

                                                7.4.1.2 India

                                                7.4.1.3 Japan

                                                7.4.1.4 South Korea

                                                7.4.1.5 South East Asia

                                                7.4.1.6 Australia & NZ

                                                7.4.1.7 Rest of Asia-Pacific

                                7.4.2 By Type    

                                7.4.3 By Mobility             

                                7.4.4 By End-User           

                                7.4.5 By Body Part          

                7.5 Latin America                            

                                7.5.1 By Country              

                                                7.5.1.1 Brazil

                                                7.5.1.2 Argentina

                                                7.5.1.3 Mexico

                                                7.5.1.4 Rest of Latin America

                                7.5.2 By Type    

                                7.5.3 By Mobility             

                                7.5.4 By End-User           

                                7.5.5 By Body Part          

                7.6 Middle East and Africa                           

                                7.6.1 By Country              

                                                7.6.1.1 Middle East

                                                7.6.1.2 Africa

                                7.6.2 By Type    

                                7.6.3 By Mobility             

                                7.6.4 By End-User           

                                7.6.5 By Body Part          

8. Key Player Analysis                                    

                8.1 Bionik                           

                                8.1.1 Business Description           

                                8.1.2 Products/Service 

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis      

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 B-Temia                       

                8.3 CYBERDYNE                

                8.4 Ekso Bionics               

                8.5 Focal Meditech                         

                8.6 DIH Technologies                     

                8.7 Lockheed Martin                      

                8.8 GOGOA Mobility Robots                       

                8.9 Meditouch                 

                8.10 Ottobock                  

9. Market Outlook & Investment Opportunities                                 

Appendix                                           

                List of Tables                     

                List of Figures                   

  • Global, Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of by-product,by technology, by end-user,by region, along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Global Exoskeleton Market By Region, From 2020-2025 ( USD Billion )
  2. Global Exoskeleton Market By Type, From 2020-2025 ( USD Billion )
  3. Global Powered Market By Region, From 2020-2025 ( USD Billion )
  4. Global Passive Market By Region, From 2020-2025 ( USD Billion )
  5. Global Exoskeleton Market By Mobility, From 2020-2025 ( USD Billion )
  6. Global Mobile Market By Region, From 2020-2025 ( USD Billion )
  7. Global Stationary Market By Region, From 2020-2025 ( USD Billion )
  8. Global Exoskeleton Market By End-User, From 2020-2025 ( USD Billion )
  9. Global Healthcare Market By Region, From 2020-2025 ( USD Billion )
  10. Global Defense Market By Region, From 2020-2025 ( USD Billion )
  11. Global Industrial Market By Region, From 2020-2025 ( USD Billion )
  12. Global Exoskeleton Market By Body Type, From 2020-2025 ( USD Billion )
  13. Global Lower Market By Region, From 2020-2025 ( USD Billion )
  14. Global Upper Market By Region, From 2020-2025 ( USD Billion )
  15. Global Full Body Market By Region, From 2020-2025 ( USD Billion )

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