The Wearable Robots and Exoskeletons Market size is estimated at USD 2.55 billion in 2024, and is expected to reach USD 10.25 billion by 2029, growing at a CAGR of 32.05% during the forecast period (2024-2029).
Due to the emergence of the COVID-19 pandemic, the previously put lockdown measures across various regions significantly brought the robotic suppliers to a complete standstill for a short period. However, on the other hand, the pandemic has also created productive industry opportunities for the products and service providers to increase their presence in the market by primarily focusing on and addressing real clinical challenges in collaboration with clinicians and industry partners and in response to the evolving patients' needs.
The Wearable Robots and Exoskeletons Market is competitive in nature because of the presence of major players like Cyberdyne Inc., ReWalk Robotics Inc., and Ekso Bionics Holdings Inc., among others. Further, the market potential is also attracting many startups investing in the market, thus, intensifying the competition. Many companies increase their market presence by introducing new products, expanding their operations, or entering into strategic mergers and acquisitions.
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