Global Robotic Exoskeletons Market Overview
Global Robotic Exoskeletons Market Size was valued at USD 1.5 Billion in 2023. The Robotic Exoskeletons market industry is projected to grow from USD 2.1 Billion in 2024 to USD 22.1 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 40.00% during the forecast period (2024 - 2032). The increased prevalence of disabilities, particularly among the aging population, is one of the key market drivers enhancing market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Robotic Exoskeletons Market Trends
Rising incidence of disabilities is driving the market growth
Market CAGR for Robotic Exoskeletons is being driven by the rising incidence of disabilities. The robust surge of investments and funding cascading into the ever-evolving realm of the Robotic Exoskeletons Market epitomizes a pivotal catalyst igniting the flames of innovation, spurring relentless research endeavors, and catalyzing the intricate web of development initiatives. Government agencies, research behemoths, and the watchful gaze of private investors converge, infusing the sector with an unprecedented deluge of financial backing and galvanizing a whirlwind of transformative momentum.
Amidst this crescendo of support, the market witnesses a kaleidoscopic symphony of initiatives, propelling the realms of technological prowess to unprecedented heights as if propelled by a cosmic tide. Funding streams gush forth, carving channels of opportunity, nurturing the delicate saplings of clinical trials, pioneering pilot programs, and nurturing the nascent buds of commercialization endeavors. Through this tempest of financial influx, manufacturers find themselves propelled on a relentless quest for perfection, refining the sinews of existing products while nurturing the embryonic seeds of innovation to cater to the labyrinthine tapestry of patient exigencies. Yet, it is not merely within the confines of product refinement that the ripples of investment find their resonance. No, the tendrils of financial sustenance reach far and wide, imbuing the very fabric of manufacturing prowess with renewed vigor, weaving intricate networks of distribution, and unfurling expansive banners of marketing endeavors. Through this panoramic vista of investment-driven expansion, the once-elusive promise of robotic exoskeletons transcends geographical boundaries, becoming a beacon of hope and accessibility for healthcare providers and patients alike, irrespective of continental divides or socioeconomic strata. In this symphony of investment-driven innovation, the zeitgeist of collaboration finds its fertile breeding ground as disparate entities converge in a harmonious dance of collective progress. From the cloistered halls of research institutions to the bustling thoroughfares of entrepreneurial endeavors, the spirit of cooperation reigns supreme, propelling the adoption of robotic exoskeletons from the realm of novelty to the venerated halls of essential medical instrumentation. Thus, as the tidal wave of investments and funding continues its inexorable surge, it serves as a testament to the unwavering faith in the transformative potential of robotic exoskeletons, heralding a new dawn wherein mobility assistance and rehabilitation transcend the realms of mere necessity to embody the very essence of hope and progress in the ever-evolving landscape of healthcare innovation.
As the prevalence of mobility impairments due to conditions such as spinal cord injuries, stroke, and neurodegenerative diseases increases, there is a growing demand for innovative solutions to enhance mobility and independence. Robotic exoskeletons offer mobility assistance and rehabilitation support by providing powered assistance to the wearer's limbs, enabling them to stand, walk, and perform activities of daily living. With advancements in exoskeleton technology and expanding clinical applications, these devices are increasingly recognized as effective tools for improving mobility, enhancing quality of life, and enabling greater participation in social and community activities for individuals with disabilities, thus driving market growth.
Technological advancements are driving the Robotic Exoskeletons Market by revolutionizing the design, functionality, and performance of these devices. Continuous innovation in robotics, materials science, and wearable technology has led to the development of lighter, more ergonomic exoskeleton designs with enhanced capabilities and functionalities. Advanced sensors, actuators, and control algorithms enable exoskeletons to provide more natural movements, adapt to user needs, and deliver personalized assistance for mobility and rehabilitation. Additionally, advancements in battery technology and power management systems have extended the battery life and operational duration of exoskeletons, improving user experience and convenience. Furthermore, the integration of artificial intelligence and machine learning algorithms enables exoskeletons to learn and adapt to user preferences and movement patterns, further enhancing their efficacy and usability. Overall, technological advancements are driving innovation and expanding the clinical applications of robotic exoskeletons, ultimately improving the quality of life for individuals with mobility impairments. Thus, driving the Robotic Exoskeletons market revenue.
For instance, CYBERDYNE Inc. declared that the Ministry of Health Republic of Indonesia approved its application for a medical device marketing license for Medical HAL Single Joint Type, a wearable cyborg designed to enhance physical functions.
Robotic Exoskeletons Market Segment Insights
Robotic Exoskeletons Technology Type Insights
The global Robotic Exoskeletons market segmentation, based on Technology Type, includes Powered and Passive. In 2023, the Powered segment dominated the market, accounting for 65% of market revenue due to its ability to provide active assistance and augment the user's strength and mobility. These exoskeletons use powered actuators and motors to generate movement, enabling users to stand, walk, and perform various activities with reduced effort and fatigue. Powered exoskeletons offer versatility and adaptability, making them suitable for a wide range of applications, including rehabilitation, assistive mobility, and industrial use, driving their widespread adoption and market dominance.
Passive technology type is experiencing the highest Compound Annual Growth Rate (CAGR) in the Robotic Exoskeletons Market due to several factors. Passive exoskeletons do not rely on powered actuators or motors but instead use mechanical springs and dampers to store and release energy, providing assistance without the need for external power sources. These exoskeletons offer simplicity, lightweight design, and affordability, making them attractive for a wide range of applications, including rehabilitation, ergonomic support, and injury prevention, thus driving their rapid growth in the market.
Figure 1: Global Robotic Exoskeletons Market, by Technology Type, 2023 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Robotic Exoskeletons Application Insights
The global Robotic Exoskeletons market segmentation, based on Application, includes Rehabilitation, Assistive, Body Parts Support and Sports. In 2023, the Rehabilitation category generated the most income due to its wide range of clinical applications and proven efficacy in improving mobility and functional outcomes for individuals undergoing rehabilitation therapy. Robotic exoskeletons are extensively used in rehabilitation settings to assist patients with neurological conditions, spinal cord injuries, and stroke in regaining mobility, relearning walking patterns, and achieving greater independence. The growing adoption of exoskeleton-assisted rehabilitation programs by healthcare providers drives the demand for these devices, thus leading to their dominant market share.
The Assistive Application is experiencing the highest Compound Annual Growth Rate (CAGR) in the Robotic Exoskeletons Market due to several factors. As the aging population increases, there is a growing demand for assistive technologies to support mobility and enhance quality of life. Robotic exoskeletons offer a solution for individuals with mobility impairments by providing powered assistance for activities of daily living. Additionally, advancements in exoskeleton technology, such as lighter designs and improved control systems, make them more accessible and practical for assistive applications, thus driving their rapid growth in the market.
Robotic Exoskeletons Body Part Insights
The global Robotic Exoskeletons market segmentation, based on Body Part, includes Lower Body, Upper Body and Full Body. In 2023, the Lower Body category generated the most income due to its widespread applications in mobility assistance and rehabilitation. Robotic exoskeletons designed for the lower body provide support and assistance for standing, walking, and navigating various terrains, making them essential for individuals with lower limb impairments due to spinal cord injuries, stroke, or neurological conditions. Additionally, lower body exoskeletons are more commonly used in clinical settings and home environments, contributing to their dominant market share.
Upper body body part is experiencing the highest Compound Annual Growth Rate (CAGR) in the Robotic Exoskeletons Market due to increasing demand for solutions to assist with activities of daily living and occupational tasks. Robotic exoskeletons designed for the upper body provide support and assistance for tasks such as lifting, reaching, and manipulating objects, benefiting individuals with upper limb impairments due to conditions like spinal cord injuries or muscular dystrophy. The growing adoption of upper body exoskeletons in rehabilitation and industrial settings drives their rapid growth in the market.
Robotic Exoskeletons Actuation Technology Insights
The global Robotic Exoskeletons market segmentation, based on Actuation Technology, includes Electric, Hydraulic, Fully Mechanical and Others. In 2023, the Electric category generated the most income due to its ability to provide precise and customizable assistance to users. Electrically powered actuators offer adjustable levels of torque and force, allowing for fine-tuned control and adaptation to individual user needs. These actuators enable dynamic movements and responsive assistance, enhancing user comfort and safety. Additionally, electric actuation technology facilitates real-time adjustments and feedback, optimizing performance and usability, thus driving its widespread adoption and market dominance.
Hydraulic actuation technology is experiencing the highest Compound Annual Growth Rate (CAGR) in the Robotic Exoskeletons Market due to its unique advantages. Hydraulic actuators offer high power density, providing robust and efficient assistance for lifting and movement tasks. Additionally, they are well-suited for heavy-duty applications and environments where precise control and smooth motion are essential. The simplicity and reliability of hydraulic systems make them attractive for various industrial and rehabilitation applications, driving their rapid growth in the market.
Robotic Exoskeletons End User Insights
The global Robotic Exoskeletons market segmentation, based on End User, includes Healthcare, Manufacturing, Defense & Aerospace and Commercial. In 2023, the Healthcare category generated the most income due to the extensive use of exoskeletons in rehabilitation centers, hospitals, and clinics. Robotic exoskeletons play a vital role in assisting patients with mobility impairments due to neurological disorders, spinal cord injuries, and stroke, helping them regain independence and improve their quality of life. Additionally, the growing adoption of exoskeleton-assisted therapy programs by healthcare providers drives the demand for these devices, contributing to their dominant market share in healthcare settings.
The Manufacturing End User segment is experiencing the highest Compound Annual Growth Rate (CAGR) in the Robotic Exoskeletons Market due to several factors. Industrial exoskeletons are increasingly adopted in manufacturing and logistics settings to enhance worker safety, productivity, and ergonomics. These exoskeletons reduce the risk of musculoskeletal injuries, increase efficiency in manual handling tasks, and improve worker comfort during repetitive or physically demanding activities. The growing emphasis on workplace safety and the implementation of ergonomic solutions drive the rapid adoption of robotic exoskeletons in manufacturing industries, thus fueling their high CAGR.
Robotic Exoskeletons Regional Insights
By region, the study provides the market insights into North America, Europe, Asia-Pacific and the Rest of the World. North America captured the largest market share in the Robotic Exoskeletons Market due to several factors. The region boasts advanced healthcare infrastructure, significant investments in research and development, and a high prevalence of disabilities. Additionally, favorable reimbursement policies and regulatory frameworks support the adoption of robotic exoskeletons in healthcare and industrial sectors. Moreover, the presence of key market players and strong technological capabilities further contribute to North America's dominant position in the Robotic Exoskeletons Market.
Further, the major countries studied in the market report are the US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: Global Robotic Exoskeletons Market Share By Region 2023 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Robotic Exoskeletons market accounts for the second-largest market share due to extensive research and development initiatives. Europe secured the second-largest market share in the Robotic Exoskeletons Market due to several factors. The region benefits from advanced healthcare infrastructure, extensive research and development initiatives, and a supportive regulatory environment. Additionally, the increasing adoption of robotic exoskeletons in rehabilitation centers, hospitals, and industrial settings drives market growth. Moreover, government initiatives promoting the adoption of assistive technologies and improving accessibility contribute to Europe's significant market presence in the Robotic Exoskeletons Market. Further, the German Robotic Exoskeletons market held the largest market share, and the UK Robotic Exoskeletons market was the fastest growing market in the European region.
The Asia-Pacific Robotic Exoskeletons Market is expected to grow at the fastest CAGR from 2024 to 2032. The Asia Pacific region is experiencing the highest Compound Annual Growth Rate (CAGR) in the Robotic Exoskeletons Market due to several factors. These include a rapidly aging population, increasing prevalence of disabilities, and rising adoption of advanced technologies in healthcare and manufacturing industries. Additionally, supportive government initiatives, growing investments in research and development, and expanding healthcare infrastructure drive market growth in the region. Moreover, rising awareness about the benefits of robotic exoskeletons and improving accessibility contribute to the high CAGR in the Asia Pacific Robotic Exoskeletons Market. Moreover, China’s Robotic Exoskeletons market held the largest market share, and the Indian Robotic Exoskeletons market was the fastest growing market in the Asia-Pacific region.
Robotic Exoskeletons Key Market Players & Competitive Insights
Leading players in the Robotic Exoskeletons Market are focusing on innovation, strategic partnerships, and market expansion to maintain their competitive edge. These companies invest heavily in research and market developments to enhance product offerings, improve functionality, and address unmet needs. Additionally, strategic collaborations with healthcare providers, research institutions, and technology companies aim to accelerate product development and market penetration. Furthermore, marketing initiatives and customer engagement efforts are employed to increase brand awareness and customer loyalty, driving competitiveness in the market.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Robotic Exoskeletons industry to benefit clients and increase the market sector. In recent years, the Robotic Exoskeletons industry has offered some of the most significant advantages to Healthcare. Major players in the Robotic Exoskeletons market, including Ekso Bionics Holdings, Inc., Cyberdyne Inc., ReWalk Robotics Ltd., Parker Hannifin Corporation, REX Bionics Ltd., Bionik Laboratories Corp., suitX, Hocoma AG, Honda Motor Co., Ltd., ATOUN Inc. and Others are attempting to increase market demand by investing in research and development operations.
Ekso Bionics Holdings, Inc. is a leading player in the Robotic Exoskeletons Market, specializing in the design and development of wearable exoskeletons for medical and industrial applications. The company's exoskeletons are designed to augment human strength, endurance, and mobility, providing assistance to individuals with mobility impairments and enhancing productivity and safety in industrial settings. Ekso Bionics' innovative products include the EksoGT™ and EksoNR™ exoskeletons for rehabilitation therapy and the EksoVest™ for industrial applications. With a commitment to advancing human mobility through technology, Ekso Bionics continues to drive innovation, expand its product portfolio, and establish strategic partnerships to address the evolving needs of healthcare providers, patients, and industrial users in the Robotic Exoskeletons Market.
Cyberdyne Inc. is a pioneering company in the Robotic Exoskeletons Market, renowned for its innovative contributions to the field of robotics and healthcare. Founded by Dr. Yoshiyuki Sankai, Cyberdyne specializes in the development of advanced robotic exoskeletons designed to augment human physical capabilities and improve quality of life. The company's flagship product, HAL (Hybrid Assistive Limb), is a powered exoskeleton that assists users with mobility impairments, enabling them to stand, walk, and perform daily activities with enhanced strength and stability. Cyberdyne's cutting-edge technology combines human intent detection with robotic assistance, providing seamless integration between man and machine. With a focus on innovation and human-centric design, Cyberdyne continues to lead the way in revolutionizing healthcare and rehabilitation with its robotic exoskeleton solutions.
Key companies in the Robotic Exoskeletons market include
- Ekso Bionics Holdings, Inc.
- Cyberdyne Inc.
- ReWalk Robotics Ltd.
- Parker Hannifin Corporation
- REX Bionics Ltd.
- Bionik Laboratories Corp.
- suitX
- Hocoma AG
- Honda Motor Co., Ltd.
- ATOUN Inc.
Robotic Exoskeletons Industry Developments
January 2022: CYBERDYNE Inc. revealed a business collaboration with MIHARU Inc., a company offering life partner services tailored for seniors.
November 2021: Rewalk Robotics Ltd was granted a 'Breakthrough Designation' by the FDA for its ReBoot, a battery-powered orthotic exo-suit. The device aids in ambulatory functions for individuals with impaired ankle function stemming from neurological injuries like stroke. It is specifically intended for home and community use.
Robotic Exoskeletons Market Segmentation
Robotic Exoskeletons Technology Type Outlook
Robotic Exoskeletons Application Outlook
- Rehabilitation
- Assistive
- Body Parts Support
- Sports
Robotic Exoskeletons Body Part Outlook
- Lower Body
- Upper Body
- Full Body
Robotic Exoskeletons Actuation Technology Outlook
- Electric
- Hydraulic
- Fully Mechanical
- Others
Robotic Exoskeletons End User Outlook
- Healthcare
- Manufacturing
- Defense & Aerospace
- Commercial
Robotic Exoskeletons Regional Outlook
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East
- Africa
- Latin America
| Report Attribute/Metric |
Details |
| Market Size 2023 |
USD 1.5 Billion |
| Market Size 2024 |
USD 2.1 Billion |
| Market Size 2032 |
USD 22.1 Billion |
| Compound Annual Growth Rate (CAGR) |
40.00% (2024-2032) |
| Base Year |
2023 |
| Market Forecast Period |
2024-2032 |
| Historical Data |
2019-2022 |
| Market Forecast Units |
Value (USD Billion) |
| Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered |
Technology Type, Application, Body Part, Actuation Technology, End User and Region |
| Geographies Covered |
North America, Europe, Asia Pacific, and the Rest of the World |
| Countries Covered |
The US, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled |
Ekso Bionics Holdings, Inc., Cyberdyne Inc., ReWalk Robotics Ltd., Parker Hannifin Corporation, REX Bionics Ltd., Bionik Laboratories Corp., suitX, Hocoma AG, Honda Motor Co., Ltd., ATOUN Inc. and Others |
| Key Market Opportunities |
ย Research and Development Collaborations and Emphasis on Ergonomics and User Experience |
| Key Market Dynamics |
ย ย Rising Incidence of Disabilities and Increasing Investments and Funding |
Frequently Asked Questions (FAQ) :
The global Robotic Exoskeletons market size was valued at USD 1.5 Billion in 2023.
The global market is projected to grow at a CAGR of 40.00% during the forecast period, 2024-2032.
North America had the largest share in the global market
The key players in the market are Ekso Bionics Holdings, Inc., Cyberdyne Inc., ReWalk Robotics Ltd., Parker Hannifin Corporation, REX Bionics Ltd., Bionik Laboratories Corp., suitX, Hocoma AG, Honda Motor Co., Ltd., ATOUN Inc. and Others Company.
The Powered category dominated the market in 2023.
The Rehabilitation category had the largest share in the global market.
