Wearable Robots And Exoskeletons - Global Market Outlook (2019-2027)
According to Stratistics MRC, the Global Wearable Robots And Exoskeletons Market is accounted for $254.00 million in 2019 and is expected to reach $4,013.44 million by 2027 growing at a CAGR of 41.2% during the forecast period. Increasing demand for robots and machines for effective rehabilitation therapy and rapid technological advancements in artificial intelligence and robotics are propelling the market growth. However, the high cost of the equipment is hampering the growth of the market.
Wearable robots and exoskeletons are utilized to aid in personal mobility. Wearable robots, exoskeletons units are developing additional functionality fast. They support upright walking and relearning of lost functions for stroke patients and individuals who are paralyzed. Exoskeletons deliver high-quality analysis, thus, providing the base for a growth strategy for clinical facilities.
Based on the end-user, the military & defense segment is going to have a lucrative growth during the forecast period due to need for increasing the safety and efficiency of the soldiers and necessity of an exoskeleton which are comfortable to wear for many hours and is still highly effective and flexible. By geography, Asia Pacific is going to have a lucrative growth during the forecast period due to encouraging companies to invest in these products for the elder population in the region and increasing investments in military exoskeletons.
Some of the key players profiled in the Wearable Robots And Exoskeletons Market include Technaid. S.L., Skelex, Sarcos Corporation, ReWalk Robotics Inc., Lockheed Martin Corporation, Honda Motor Co. Ltd., Hocoma AG (DIH International Ltd.), Ekso Bionics Holdings Inc., Cyberdyne Inc., and ATOUN Inc.
Material Types Covered:
• Soft Exoskeleton
• Hard Exoskeleton
Limb Types Covered:
• Upper Limb
• Lower Limb
• Full Body
• Powered Exoskeletons
• Passive Exoskeletons
• Active Exoskeletons
• Body Parts Support
End Users Covered:
• Military & Defense
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2018, 2019, 2020, 2024 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
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- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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