The "Exoskeleton Market Research Report: By Component, Type, Mobility, Body Part, Technology, End User - Global Industry Analysis and Growth Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
The valuation of the market would grow from $290.3 million to $6,957.9 million from 2019 to 2030. Furthermore, the market is predicted to progress at an explosive CAGR of 35.9% from 2020 to 2030.
The growing requirement for exoskeletons will push up their sales in the coming years, which will, in turn, cause the expansion of the global exoskeleton market.
With the increasing prevalence of spinal cord injuries (SCIs) and strokes, the demand for exoskeletons is growing rapidly all over the world. In healthcare facilities such as rehabilitation centers, exoskeletons are increasingly being used for helping patients suffering from SCIs and paralysis walk and perform daily tasks and movements again. As per the National Spinal Cord Injury Statistical Center (NSCISC) in 2019, there are nearly 54 individuals out of every 1 million people who suffer from SCIs in the U.S.
Furthermore, the organization found that around 17,730 new cases of SCIs are reported every year in the country. According to the organization, on an average, 291,000 people suffer from SCIs in the U.S., with individual estimates lying in the range of 249,000 - 363,000. Because of this reason, the sales of exoskeletons are jumping in the U.S. Besides the rising prevalence of SCIs, the surging geriatric population all over the world is also pushing up the demand for exoskeletons.
Geographically, the exoskeleton market is predicted to exhibit the fastest growth in the Asia-Pacific (APAC) region in the forthcoming years. This would be a result of the surging utilization of exoskeletons in the medical domain and the rising geriatric population in the region. Because of the rapid growth of the geriatric population, the prevalence of disability and orthopedic diseases is soaring in the region, which is, in turn, fueling the demand for exoskeletons.
Key Topics Covered:
Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.4 Key Stakeholders
Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Baseline Methodology
2.4 Market Size Estimation
2.5 Data Triangulation
2.6 Assumptions for the Study
Chapter 3. Executive Summary
Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Component
4.1.1.1 Hardware
4.1.1.1.1 Sensors
4.1.1.1.2 Actuators
4.1.1.1.3 Power sources
4.1.1.1.4 Control systems
4.1.1.1.5 Others
4.1.1.2 Software
4.1.2 By Type
4.1.2.1 Powered
4.1.2.2 Passive
4.1.3 By Mobility
4.1.3.1 Stationary
4.1.3.2 Mobile
4.1.4 By Body Part
4.1.4.1 Lower extremities
4.1.4.2 Upper extremities
4.1.4.3 Full body
4.1.5 By Technology
4.1.5.1 Electric actuators
4.1.5.2 Pneumatic
4.1.5.3 Hydraulic
4.1.5.4 Fully mechanical
4.1.6 By End User
4.1.6.1 Healthcare
4.1.6.1.1 Rehabilitation centers
4.1.6.1.2 Elderly care facilities
4.1.6.1.3 Assisted living facilities
4.1.6.2 Industrial
4.1.6.2.1 Production
4.1.6.2.2 Construction
4.1.6.2.3 Logistics
4.1.6.3 Military
4.2 Market Dynamics
4.2.1 Trends
4.2.1.1 Technological advancements in exoskeletons
4.2.2 Drivers
4.2.2.1 High number of SCIs and strokes cases
4.2.2.2 Surge in geriatric population
4.2.2.3 Increasing penetration in industrial and military operations
4.2.2.4 Increasing healthcare expenditure
4.2.2.5 Growth of working opportunities for the disabled people
4.2.2.6 Impact analysis of drivers on market forecast
4.2.3 Restraints
4.2.3.1 High cost associated with exoskeletons
4.2.3.2 Stringent government regulations for developing exoskeletons
4.2.3.3 Impact analysis of restraints on market forecast
4.2.4 Opportunities
4.2.4.1 Exoskeletons for agriculture practices
4.3 Impact of COVID-19
4.4 Porter's Five Forces Analysis
Chapter 5. Global Market Size and Forecast
5.1 By Component
5.1.1 Hardware Exoskeleton Market, by Type
5.2 By Type
5.3 By Mobility
5.4 By Body Part
5.5 By Technology
5.6 By End User
5.6.1 Healthcare Exoskeleton Market, by Type
5.6.2 Industrial Exoskeleton Market, by Type
5.7 By Region
Chapter 6. North America Market Size and Forecast
Chapter 7. Europe Market Size and Forecast
Chapter 8. APAC Market Size and Forecast
Chapter 9. LATAM Market Size and Forecast
Chapter 10. MEA Market Size and Forecast
Chapter 11. Competitive Landscape
11.1 Product Portfolio of Key Players
11.2 Strategic Developments in the Market
Chapter 12. Company Profiles
12.1 Business Overview
12.2 Product and Service Offerings
12.3 Key Financial Summary
- Bionik Laboratories Corp.
- B-TEMIA Inc.
- DIH Group
- Ekso Bionics Holdings Inc.
- Lockheed Martin Corporation
- GBS German Bionic Systems GmbH
- Innophys Co. Ltd.
- ATOUN Inc.
- Axosuits srl
- Cyberdyne Inc.
- Focal Meditech BV
- MediTouch Ltd.
- US Bionics Inc. (SuitX)
- Gogoa Mobility Robots Sl
- Shanghai Fourier Intelligence Co. Ltd.
- Ottobock SE & Co. KGaA
- Honda Motor Co. Ltd.
- Parker-Hannifin Corporation
For more information about this report visit https://www.researchandmarkets.com/r/sfi4g
View source version on businesswire.com: https://www.businesswire.com/news/home/20201125005820/en/
