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Increased prevalence of disabilities, particularly among the aging population, is expected to drive market expansion in the near future at a CAGR of 40.00% during the forecast period 2024 to 2032

Pune, India, May 2024, MRFR Press Release/- Market Research Future (MRFR) has published a cooked research report on the “Global Robotic Exoskeletons Market” that contains information from 2019 to 2032. The Robotic Exoskeletons market is estimated to register a CAGR of 40.00% during the forecast period of 2024 to 2032.

MRFR recognizes the following companies as the key players in the global Robotic Exoskeletons market— 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.


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The global Robotic Exoskeletons market is accounted to register a CAGR of 40.00% during the forecast period and is estimated to reach USD 22.1 billion by 2032.


The Robotic Exoskeletons market is experiencing growth due to several factors. Firstly, advancements in technology have led to the development of more sophisticated and affordable exoskeletons, expanding their applications beyond medical rehabilitation to industries such as manufacturing and defense. Additionally, the increasing prevalence of disabilities and injuries, coupled with a growing aging population, drive the demand for assistive technologies like robotic exoskeletons to enhance mobility and improve quality of life.


Segment Analysis


The global Robotic Exoskeletons market has been segmented based on Technology Type, Application, Body Part, Actuation Technology and End User.


On the basis of Technology Type, the market is segmented into Powered and Passive. The powered technology type led the Robotic Exoskeletons market in 2023 due to its ability to provide greater assistance and mobility support to users. These exoskeletons utilize motors or actuators to augment human strength and movement, making them suitable for a wide range of applications, including medical rehabilitation and industrial use.


Based on Application, the global Robotic Exoskeletons market has been segmented into Rehabilitation, Assistive, Body Parts Support and Sports. The rehabilitation application dominated the Robotic Exoskeletons market in 2023 due to increasing demand for assistive technologies in rehabilitation centers and hospitals. Robotic exoskeletons offer targeted therapy and mobility assistance for patients recovering from stroke, spinal cord injuries, and other neuromuscular disorders, driving their significant market share and adoption in rehabilitation settings.


Based on Body Part, the global Robotic Exoskeletons market has been segmented into Lower Body, Upper Body and Full Body. The lower body body part led the Robotic Exoskeletons market in 2023 due to its widespread use in assisting mobility for individuals with lower limb disabilities or injuries. These exoskeletons provide support for walking, standing, and climbing stairs, addressing a significant need among patients and driving their significant market share and adoption.


Based on Actuation Technology, the global Robotic Exoskeletons market has been segmented into Electric, Hydraulic, Fully Mechanical and Others. The electric actuation technology dominated the Robotic Exoskeletons market in 2023 due to its precision, efficiency, and ability to provide seamless motion control. These systems offer adjustable assistance levels and customizable movement patterns, making them suitable for a wide range of applications, including medical rehabilitation and industrial assistance, thus driving their significant market share.


Based on End User, the global Robotic Exoskeletons market has been segmented into Healthcare, Manufacturing, Defense & Aerospace and Commercial. The healthcare end users led the Robotic Exoskeletons market in 2023 due to the increasing adoption of exoskeletons in rehabilitation centers and hospitals. These devices offer personalized therapy and mobility assistance for patients with neurological disorders or mobility impairments, driving their significant market share and adoption among healthcare providers.


Browse In-depth Market Details [Table of Content, List of Figures, List of Tables] of Robotic Exoskeletons Market Research Report


Regional Analysis


The global Robotic Exoskeletons market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of the US and Canada. The Europe Robotic Exoskeletons market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Robotic Exoskeletons market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Robotic Exoskeletons market comprises the Middle East, Africa, and Latin America.


North America secured the largest market share in the Robotic Exoskeletons market in 2023 due to several factors. These include a well-established healthcare infrastructure, a high prevalence of mobility-related disorders, significant R&D investments, and early adoption of innovative technologies. Moreover, the presence of key market players, favorable reimbursement policies, and robust clinical research activities contribute to North America's dominance in this sector.


Europe secured the second-largest market share in the Robotic Exoskeletons market in 2023 due to factors such as a well-developed healthcare system, increasing prevalence of disabilities, and proactive government initiatives. Additionally, advancements in medical technology, rising healthcare expenditure, and growing awareness about the benefits of robotic exoskeletons contribute to the region's significant market presence in this sector.


Asia Pacific experiences the highest Compound Annual Growth Rate (CAGR) in the Robotic Exoskeletons market due to factors such as increasing healthcare expenditure, rising prevalence of disabilities, and expanding adoption of assistive technologies. Moreover, the region's large population, growing aging demographic, and rising awareness about the benefits of robotic exoskeletons further propel market growth in the Asia Pacific.


Furthermore, the rest of the world's Robotic Exoskeletons market is divided into the Middle East, Africa, and Latin America. The rest of the world is experiencing growth in the Robotic Exoskeletons market due to factors such as improving healthcare infrastructure, rising prevalence of disabilities, increasing awareness about assistive technologies, and expanding access to medical facilities in these regions.


Key Findings of the Study



  • The global Robotic Exoskeletons market is expected to reach USD 22.1 billion by 2032, at a CAGR of 40.00% during the forecast period.

  • The Asia Pacific region experiences the highest growth rate in the Robotic Exoskeletons market due to increasing healthcare investments, rising prevalence of disabilities, and expanding adoption of assistive technologies in the region.

  • Based on Application, the Rehabilitation segment was attributed to holding the largest market in 2023, with an approximate market share of 40–60%.

  • 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 the key market players.

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Report details
Base Year 2024
Companies Covered 15
Pages 128
Certified Global Research Member
Isomar fd.webp Wcrc 57.webp
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