Global Soft Exoskeleton (Exosuits) and Wearable Robots Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Soft Exoskeleton (Exosuits) and Wearable Robots Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Robotic exoskeletons are wearable electromechanical devices that have been developed as augmentative devices to enhance the physical performance of the wearer or as orthotic devices for gait rehabilitation or locomotion assistance. These enable users with appropriate physical abilities to stand, walk, climb stairs and perform ADL. Wearable robots are also known as bionic robots or exoskeletons. The report mainly studies the global market of Soft Exoskeleton (Exouists) And Wearable Robots.Soft Exoskeleton (Exosuits) and Wearable Robots are made of fabrics and other soft materials. Power is applied to the body via compliant actuators, such as air muscles or cables. They are more comfortable than classic exoskeletons but don't provide as much power.

Market Overview:

The latest research study on the global Soft Exoskeleton (Exosuits) and Wearable Robots market finds that the global Soft Exoskeleton (Exosuits) and Wearable Robots market reached a value of USD 10.49 million in 2022. It’s expected that the market will achieve USD 28.32 million by 2028, exhibiting a CAGR of 18.0% during the forecast period.

Region Overview:

Asia-Pacific had the highest growth rate of all regions.

Company Overview

The top three companies are ATOUN Inc., Bioservo Technologies, Daiya Industry with the revenue market share of 38.84%, 16.35%, 10.02% in 2021.ATOUN is a robotics firm involved in the development and popularization of wearable robots, such as powered wear, that lighten the physical strain posed on workers. ATOUN aims to achieve a power barrierless society where anyone can work without being affected by differences in physical strength, such as that due to age or gender.Bioservo Technologies (publ) is a technology and development company that combines medical science with modern robotics. The company has a leading global position within soft exoskeleton technology, wearable non-invasive products, for people in need of extra power to support the body's endurance and performance, or for people with reduced muscular strength.After many years of research and development, Bioservo Technologies now focus on the commercialization of its products and patented technologies. The developed gloves are well suited for both rehabilitation within health and medical care and preventively for professionals in the industry. The company has signed strategic cooperation agreements with several multinational companies within e.g. the automobile, aircraft as well as the construction and infrastructure industry.Bioservo Technologies was founded in 2006 through a collaboration between researchers at the Royal Institute of Technology and doctors at Karolinska University hospital in Stockholm. Bioservo Technologies is a Swedish public company with headquarters and operations in Kista, north of Stockholm.

Segmentation Overview:

By type, Upper & Lower Body segment accounted for the largest share of market in 2021.

Application Overview:

By application, the Healthcare segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Soft Exoskeleton (Exosuits) and Wearable Robots market covered in Chapter 3:

ATOUN Inc.Daiya IndustryReWalk RoboticsBioservo Technologies

In Chapter 4 and Chapter 14.2, on the basis of types, the Soft Exoskeleton (Exosuits) and Wearable Robots market from 2018 to 2029 is primarily split into:

Full BodyUpper & Lower Body

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Soft Exoskeleton (Exosuits) and Wearable Robots market from 2018 to 2029 covers:

IndustrialMilitaryHealthcare

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)Latin America (Brazil, Mexico, Argentina)Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)