Global Exoskeleton Market to reach USD 4872.7 billion by 2027. Global Exoskeleton Market is valued at approximately USD 341.3 million in 2020 and is anticipated to grow with a healthy growth rate of more than 46.2 % over the forecast period 2021-2027. Despite the fact that exoskeletons have been around for a long time, the market for them is expanding due to factors such as increased demand from the healthcare sector for robotic rehabilitation, breakthroughs in robotic technologies, and large investments in exoskeleton technology development. There has been an increase in demand for these robotic rehabilitation devices, which is on the rise as the global prevalence of disability rises. According to WHO statistics from 2018, over a billion people are expected to live with a disability. This equates to approximately 15% of the world's population. Between 110 million (2.2%) to 190 million (3.8%) people aged 15 and up are experiencing considerable challenges in their daily lives. More crucially, according to the research, the disabled population is growing, owing primarily to the growing senior population. According to the UN's population projections, the world elderly population would reach 2.1 billion by 2050. Furthermore, disability rates are rising, owing in part to an ageing population and a rise in chronic health issues. As a result, robotic rehabilitation applications and the market for these systems are rapidly expanding. A robot developed at McGill University that assists wheelchair-bound people with rising and walking is one example. Gait training and neuro-rehabilitation are aided by it. Other researchers and businesses are working on solutions that use robotics and 3D printing to aid people with mobility impairments caused by a damaged spinal cord or owing to other causes. However, regulatory challenges for securing approvals for medical applications of exoskeletons may impede market growth over the forecast period of 2021-2027.

The regional analysis of the global Exoskeleton Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World (ROW). Asia Pacific is the leading region across the world in terms of market share due to high purchasing power of patients, growing geriatric population, and presence of public and private organizations in the region. Whereas North America is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027, due to increase in the population of elderly and disabled persons in APAC, especially in China and Japan

Major market player included in this report are:

Cyberdyne Inc.
Ekso Bionics Holdings
Rewalk Robotics
Bionik Laboratories Corp.
Parker-Hannifin Corp.
Bioservo Technologies AB
Gogoa Mobility Robots
Rehab-Robotics Company Limited
Bioness Inc.
B-Temia Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Treatment Type:
Rehabilitation
Augmentation
By Body Part Type:
Upper Body
Lower Body
By Product Type:
Stationary
Mobile
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2017, 2018-19
Base year - 2019-2020
Forecast period - 2021 to 2027.

Target Audience of the Global Exoskeleton Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors