Feb 4, 2022   SOURCE: BusinessWire

Global Exoskeleton Market (2021 to 2026) - Featuring Knots Plus, Ekso Bionics and Panasonic Among Others - ResearchAndMarkets.com

The "Global Exoskeleton Market (2021-2026) by Product, Components, Type, Mobility, Technology, Treatment Type, Body Type, Industry Vertical, and Geography, Competitive Analysis, and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.

The Global Exoskeleton Market is estimated to be USD 2.3 Bn in 2021 and is expected to reach USD 5.28 Bn by 2026, growing at a CAGR of 18.1%.

The growing demand from the healthcare sector coupled with the increasing prevalence of disabilities and severe injuries among patients has driven the growth of the exoskeletons market. Similarly, reducing the heavy load objects lifting among the workers created a demand for the exoskeleton, thus enabling market growth. The ongoing research on exoskeleton controllers using artificial intelligence to facilitate the transition to 'real-world' functionality is expected to create lucrative opportunities for the market.

However, stringent government regulations and the high exoskeleton costs are expected to restrain the market.

The Global Exoskeleton Market is segmented based on Product, Components, Type, Mobility, Technology, Treatment Type, Body Type, Industry Vertical, and Geography.

Countries Studied

  • America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
  • Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
  • Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
  • Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Exoskeleton Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using Positioning Quadrants, the analyst's Proprietary competitive positioning tool.

Market Dynamics

Drivers

  • Growing Demand from Medical Industry
  • Need For Reducing Heavy Load Requirements in Different Industry Sectors
  • Rising Number of Disabilities and Severe Injuries

Restraints

  • High Cost
  • Limited Power Range
  • Stringent Government Regulations

Opportunities

  • Advancements In Robotic Technologies
  • Rising Investments in Military and Defence Sector
  • Increasing Automation in Manufacturing Operations

Challenges

  • Risks Involved with Using Exoskeletons

Companies Mentioned

  • Knots Plus
  • Ekso Bionics
  • Panasonic
  • Comau
  • Cyberdyne
  • ReWalk Robotics
  • Rex Bionics
  • Lockheed Martin Corporation
  • RB3D
  • Parker-Hannifin Corporation
  • Hocoma
  • B-Temia
  • DIH Medical
  • Wearable Robotics srl
  • Ottobock
  • Gogoa Mobility Robots
  • Technaid
  • Sarcos Robotics
  • Honda Motor Company, Ltd.
  • Myomo, Inc.
  • Bionik Laboratories Corp.

For more information about this report visit https://www.researchandmarkets.com/r/h7comp