Wearable Robots and Exoskeletons Market Forecasts to 2030 – Global Analysis By Type (Powered Exoskeletons, Passive Exoskeletons and Other Types), Application (Rehabilitation, Assistive, Body Parts Support, Sports and Other Applications), End User (Healthc

Wearable Robots and Exoskeletons Market Forecasts to 2030 – Global Analysis By Type (Powered Exoskeletons, Passive Exoskeletons and Other Types), Application (Rehabilitation, Assistive, Body Parts Support, Sports and Other Applications), End User (Healthcare, Military and Defense, Industrial, Aerospace, Commercial and Other End Users), and By Geography


According to Stratistics MRC, the Global Wearable Robots and Exoskeletons Market is accounted for $1.92 billion in 2023 and is expected to reach $11.77 billion by 2030 growing at a CAGR of 29.5% during the forecast period. Devices that aid in mobility include wearable robotic exoskeletons. Exoskeletons facilitate mobility by storing energy in passively and actively motorized compressed gas bags. Because these developments perfectly complement the structure of the human body as needed, the wearable robotic exoskeleton market has made exceptional levels of robotic utilization possible. Exoskeleton technology has the potential to fundamentally alter how we live. Wearable robots are being used in a variety of sectors, including construction, industry, the military, warfighters, and more. They can significantly help the economy and also introduce new levels of employment requirements in the coming years as they become a part of everyday work culture.

According to the International Federation of Robotics, the sales of assistance robots for older and disabled communities are expected to increase substantially during the forecast period.

Market Dynamics

Driver

Increasing prevalence of disabilities and an aging population

The global Wearable Robots and Exoskeletons market expected to drive growth during the forecast period. Wearable robots and exoskeletons are in high demand due to the aging population and rising prevalence of disabilities, which can help seniors and people with disabilities which has mobility issues. Additionally, this group is more likely to have the financial means to purchase these gadgets, which is expected to support the market's growth.

Restraint

High cost

The global Wearable Robots and Exoskeletons market expected to hinder growth during the forecast period. Exoskeletons and wearable robots can be pricey, especially for those who need specialized equipment. This may prevent widespread use, especially in developing nations where high healthcare costs are a major issue. However, as technology develops and production volumes rise, it is anticipated that the price of these devices will go down.

Opportunity

Increase in the need for healthcare and rehabilitation

The global Wearable Robots and Exoskeletons market expected to drive growth during the forecast period. In the healthcare and rehabilitation industries, there is a growing demand for wearable robots and exoskeletons, which offers the market a sizable opportunity. In addition to enhancing the quality of life for those who have mobility impairments, these devices can assist patients in recovering from illnesses and injuries. The growing use of telemedicine and remote patient monitoring is also anticipated to increase demand for wearable robots and exoskeletons in the healthcare industry.

Threat

Limited knowledge and instruction

The global Wearable Robots and Exoskeletons market expected to hamper growth during the forecast period. The adoption of wearable robots and exoskeletons may be constrained by the lack of knowledge and understanding about these devices among potential users, healthcare professionals, and policymakers. This could pose obstacles to the market's expansion, especially in places where people are less familiar with or knowledgeable about these devices. Exoskeletons and wearable robots can, however, be more widely adopted by removing these obstacles through increased public awareness and educational initiatives.

Covid-19 Impact

The Wearable robot and exoskeleton Market has been impacted by COVID-19 in a variety of ways. Even though the pandemic has brought attention to the value of these devices in healthcare settings, delays in production and delivery have resulted from the disruption of global supply chains and manufacturing operations. The demand for wearable robots and exoskeletons in industrial and military applications has also decreased as a result of the economic uncertainty brought on by the pandemic. However, it is anticipated that the growing use of telemedicine and remote patient monitoring will fuel demand for wearable robots and exoskeletons in the healthcare industry, creating a sizable opportunity for the market.

The industrial segment is expected to be the largest during the forecast period

The industrial sector will hold the largest market share for wearable robots and exoskeletons during the forecast period as a result of the growing use of these tools in the manufacturing, logistics, and construction sectors. Wearable robots and exoskeletons have been used to increase the productivity and efficiency of industrial operations while lowering worker fatigue and injury risks. Due to the growing demand for automation and robotics in the manufacturing sector, the market is anticipated to continue expanding. As businesses look to increase worker productivity and safety, wearable robots and exoskeletons are also anticipated to become more common in the logistics and construction sectors.

The rehabilitation segment is expected to have the highest CAGR during the forecast period

The rehabilitation segment is anticipated to witness the fastest CAGR growth during the forecast period. The rehabilitation sector has experienced some of the fastest growth in the market. This is brought on by an increase in both the prevalence of disabilities and the demand for medical equipment that can speed up patients' recoveries from illnesses and injuries. The rehabilitation market is expanding as a result of the availability of wearable robots and exoskeletons that can offer patients with mobility impairments the much-needed assistance they require. In the years to come, this trend is anticipated to persist.

Region with largest share

During the forecast period, North America is anticipated to account for the largest share of the global market for wearable robots and exoskeletons, due to the rising demand for devices that can enhance patient outcomes and worker safety, the healthcare and industrial sectors have been the main drivers of growth in North America. Moreover, the growth of the market in North America has also been aided by the presence of significant manufacturers and technological advancements in the area.

Region with highest CAGR

Due to the growing use of these devices in the industrial and healthcare sectors in the region, Asia-Pacific is predicted to have the market for wearable robots and exoskeletons with the highest CAGR. The Asia-Pacific market is anticipated to expand as a result of the region's aging population and high prevalence of disabilities. The availability of inexpensive labor and supportive government initiatives to encourage the adoption of cutting-edge technologies are also anticipated to fuel market expansion in the area.

Key players in the market

Some of the key players in Wearable Robots and Exoskeletons market include ATOUN Inc, Bionik Laboratories Corp, B-Temia Inc, Cyberdyne Inc, Daiya Industry Co., Ltd., Ekso Bionics Holdings, Inc., Focal Meditech BV, Honda Motor Co. Ltd, Lockheed Martin Corporation, Mitsubishi Heavy Industries, Ltd., Myomo Inc., P&S Mechanics Co. Ltd., Parker Hannifin Corporation, ReWalk Robotics Ltd., Rex Bionics Pty Ltd., Sarcos Corporation, Technaid S, Wearable Robotics Srl.

Key Developments

In May 2023, German Bionic, an Augsburg-based business, created wearable exoskeletons that give users superhuman power. The Cray X and the recently released Apogee, two commercially available exoskeletons from Germanic Bionic, are worn like a backpack. Electric motors drive them, and they may add up to 30 kg of additional force to your legs, core, and back when and where you need it.

In May 2023, Cyberdyne Medical's Hybrid Assistive Limb (HAL) is a brain-controlled robotic technology installed at IBS Hospital. The non-invasive method was initially used at IBS Hospital in India and the South-East Asia region. The world's first wearable cyborg robot, HAL, was created by Japanese researchers. It is based on a novel technology known as ""cybernetics.""

In March 2023, Svaya Robotics created the first quadruped robot in the nation and a wearable exoskeleton in collaboration with DRDO Labs - Research and Development Establishment, Pune, and Defence Bio-engineering & Electro Medical Laboratory, Bangalore. The quadruped robot can navigate challenging terrain, giving the armed forces a remote reconnaissance and inspection facility.

Types Covered
• Powered Exoskeletons
• Passive Exoskeletons
• Other Types

Applications Covered
• Rehabilitation
• Assistive
• Body Parts Support
• Sports
• Other Applications

End Users Covered
• Healthcare
• Military and Defense
• Industrial
• Aerospace
• Commercial
• Other End Users

Regions Covered
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances


1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 End User Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Wearable Robots and Exoskeletons Market, By Type
5.1 Introduction
5.2 Powered Exoskeletons
5.3 Passive Exoskeletons
5.4 Other Types
6 Global Wearable Robots and Exoskeletons Market, By Application
6.1 Introduction
6.2 Rehabilitation
6.3 Assistive
6.4 Body Parts Support
6.5 Sports
6.6 Other Applications
7 Global Wearable Robots and Exoskeletons Market, By End User
7.1 Introduction
7.2 Healthcare
7.3 Military and Defense
7.4 Industrial
7.5 Aerospace
7.6 Commercial
7.7 Other End Users
8 Global Wearable Robots and Exoskeletons Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 ATOUN Inc
10.2 Bionik Laboratories Corp.
10.3 B-Temia Inc.
10.4 Cyberdyne Inc
10.5 Daiya Industry Co., Ltd.
10.6 Ekso Bionics Holdings, Inc.
10.7 Focal Meditech BV
10.8 Honda Motor Co. Ltd
10.9 Lockheed Martin Corporation
10.10 Mitsubishi Heavy Industries, Ltd.
10.11 Myomo Inc.
10.12 P&S Mechanics Co. Ltd.
10.13 Parker Hannifin Corporation
10.14 ReWalk Robotics Ltd.
10.15 Rex Bionics Pty Ltd.
10.16 Sarcos Corporation
10.17 Technaid S
10.18 Wearable Robotics Srl
List of Tables
Table 1 Global Wearable Robots and Exoskeletons Market Outlook, By Region (2021-2030) ($MN)
Table 2 Global Wearable Robots and Exoskeletons Market Outlook, By Type (2021-2030) ($MN)
Table 3 Global Wearable Robots and Exoskeletons Market Outlook, By Powered Exoskeletons (2021-2030) ($MN)
Table 4 Global Wearable Robots and Exoskeletons Market Outlook, By Passive Exoskeletons (2021-2030) ($MN)
Table 5 Global Wearable Robots and Exoskeletons Market Outlook, By Other Types (2021-2030) ($MN)
Table 6 Global Wearable Robots and Exoskeletons Market Outlook, By Application (2021-2030) ($MN)
Table 7 Global Wearable Robots and Exoskeletons Market Outlook, By Rehabilitation (2021-2030) ($MN)
Table 8 Global Wearable Robots and Exoskeletons Market Outlook, By Assistive (2021-2030) ($MN)
Table 9 Global Wearable Robots and Exoskeletons Market Outlook, By Body Parts Support (2021-2030) ($MN)
Table 10 Global Wearable Robots and Exoskeletons Market Outlook, By Sports (2021-2030) ($MN)
Table 11 Global Wearable Robots and Exoskeletons Market Outlook, By Other Applications (2021-2030) ($MN)
Table 12 Global Wearable Robots and Exoskeletons Market Outlook, By End User (2021-2030) ($MN)
Table 13 Global Wearable Robots and Exoskeletons Market Outlook, By Healthcare (2021-2030) ($MN)
Table 14 Global Wearable Robots and Exoskeletons Market Outlook, By Military and Defense (2021-2030) ($MN)
Table 15 Global Wearable Robots and Exoskeletons Market Outlook, By Industrial (2021-2030) ($MN)
Table 16 Global Wearable Robots and Exoskeletons Market Outlook, By Aerospace (2021-2030) ($MN)
Table 17 Global Wearable Robots and Exoskeletons Market Outlook, By Commercial (2021-2030) ($MN)
Table 18 Global Wearable Robots and Exoskeletons Market Outlook, By Other End Users (2021-2030) ($MN)
Table 19 North America Wearable Robots and Exoskeletons Market Outlook, By Country (2021-2030) ($MN)
Table 20 North America Wearable Robots and Exoskeletons Market Outlook, By Type (2021-2030) ($MN)
Table 21 North America Wearable Robots and Exoskeletons Market Outlook, By Powered Exoskeletons (2021-2030) ($MN)
Table 22 North America Wearable Robots and Exoskeletons Market Outlook, By Passive Exoskeletons (2021-2030) ($MN)
Table 23 North America Wearable Robots and Exoskeletons Market Outlook, By Other Types (2021-2030) ($MN)
Table 24 North America Wearable Robots and Exoskeletons Market Outlook, By Application (2021-2030) ($MN)
Table 25 North America Wearable Robots and Exoskeletons Market Outlook, By Rehabilitation (2021-2030) ($MN)
Table 26 North America Wearable Robots and Exoskeletons Market Outlook, By Assistive (2021-2030) ($MN)
Table 27 North America Wearable Robots and Exoskeletons Market Outlook, By Body Parts Support (2021-2030) ($MN)
Table 28 North America Wearable Robots and Exoskeletons Market Outlook, By Sports (2021-2030) ($MN)
Table 29 North America Wearable Robots and Exoskeletons Market Outlook, By Other Applications (2021-2030) ($MN)
Table 30 North America Wearable Robots and Exoskeletons Market Outlook, By End User (2021-2030) ($MN)
Table 31 North America Wearable Robots and Exoskeletons Market Outlook, By Healthcare (2021-2030) ($MN)
Table 32 North America Wearable Robots and Exoskeletons Market Outlook, By Military and Defense (2021-2030) ($MN)
Table 33 North America Wearable Robots and Exoskeletons Market Outlook, By Industrial (2021-2030) ($MN)
Table 34 North America Wearable Robots and Exoskeletons Market Outlook, By Aerospace (2021-2030) ($MN)
Table 35 North America Wearable Robots and Exoskeletons Market Outlook, By Commercial (2021-2030) ($MN)
Table 36 North America Wearable Robots and Exoskeletons Market Outlook, By Other End Users (2021-2030) ($MN)
Table 37 Europe Wearable Robots and Exoskeletons Market Outlook, By Country (2021-2030) ($MN)
Table 38 Europe Wearable Robots and Exoskeletons Market Outlook, By Type (2021-2030) ($MN)
Table 39 Europe Wearable Robots and Exoskeletons Market Outlook, By Powered Exoskeletons (2021-2030) ($MN)
Table 40 Europe Wearable Robots and Exoskeletons Market Outlook, By Passive Exoskeletons (2021-2030) ($MN)
Table 41 Europe Wearable Robots and Exoskeletons Market Outlook, By Other Types (2021-2030) ($MN)
Table 42 Europe Wearable Robots and Exoskeletons Market Outlook, By Application (2021-2030) ($MN)
Table 43 Europe Wearable Robots and Exoskeletons Market Outlook, By Rehabilitation (2021-2030) ($MN)
Table 44 Europe Wearable Robots and Exoskeletons Market Outlook, By Assistive (2021-2030) ($MN)
Table 45 Europe Wearable Robots and Exoskeletons Market Outlook, By Body Parts Support (2021-2030) ($MN)
Table 46 Europe Wearable Robots and Exoskeletons Market Outlook, By Sports (2021-2030) ($MN)
Table 47 Europe Wearable Robots and Exoskeletons Market Outlook, By Other Applications (2021-2030) ($MN)
Table 48 Europe Wearable Robots and Exoskeletons Market Outlook, By End User (2021-2030) ($MN)
Table 49 Europe Wearable Robots and Exoskeletons Market Outlook, By Healthcare (2021-2030) ($MN)
Table 50 Europe Wearable Robots and Exoskeletons Market Outlook, By Military and Defense (2021-2030) ($MN)
Table 51 Europe Wearable Robots and Exoskeletons Market Outlook, By Industrial (2021-2030) ($MN)
Table 52 Europe Wearable Robots and Exoskeletons Market Outlook, By Aerospace (2021-2030) ($MN)
Table 53 Europe Wearable Robots and Exoskeletons Market Outlook, By Commercial (2021-2030) ($MN)
Table 54 Europe Wearable Robots and Exoskeletons Market Outlook, By Other End Users (2021-2030) ($MN)
Table 55 Asia Pacific Wearable Robots and Exoskeletons Market Outlook, By Country (2021-2030) ($MN)
Table 56 Asia Pacific Wearable Robots and Exoskeletons Market Outlook, By Type (2021-2030) ($MN)
Table 57 Asia Pacific Wearable Robots and Exoskeletons Market Outlook, By Powered Exoskeletons (2021-2030) ($MN)
Table 58 Asia Pacific Wearable Robots and Exoskeletons Market Outlook, By Passive Exoskeletons (2021-2030) ($MN)
Table 59 Asia Pacific Wearable Robots and Exoskeletons Market Outlook, By Other Types (2021-2030) ($MN)
Table 60 Asia Pacific Wearable Robots and Exoskeletons Market Outlook, By Application (2021-2030) ($MN)
Table 61 Asia Pacific Wearable Robots and Exoskeletons Market Outlook, By Rehabilitation (2021-2030) ($MN)
Table 62 Asia Pacific Wearable Robots and Exoskeletons Market Outlook, By Assistive (2021-2030) ($MN)
Table 63 Asia Pacific Wearable Robots and Exoskeletons Market Outlook, By Body Parts Support (2021-2030) ($MN)
Table 64 Asia Pacific Wearable Robots and Exoskeletons Market Outlook, By Sports (2021-2030) ($MN)
Table 65 Asia Pacific Wearable Robots and Exoskeletons Market Outlook, By Other Applications (2021-2030) ($MN)
Table 66 Asia Pacific Wearable Robots and Exoskeletons Market Outlook, By End User (2021-2030) ($MN)
Table 67 Asia Pacific Wearable Robots and Exoskeletons Market Outlook, By Healthcare (2021-2030) ($MN)
Table 68 Asia Pacific Wearable Robots and Exoskeletons Market Outlook, By Military and Defense (2021-2030) ($MN)
Table 69 Asia Pacific Wearable Robots and Exoskeletons Market Outlook, By Industrial (2021-2030) ($MN)
Table 70 Asia Pacific Wearable Robots and Exoskeletons Market Outlook, By Aerospace (2021-2030) ($MN)
Table 71 Asia Pacific Wearable Robots and Exoskeletons Market Outlook, By Commercial (2021-2030) ($MN)
Table 72 Asia Pacific Wearable Robots and Exoskeletons Market Outlook, By Other End Users (2021-2030) ($MN)
Table 73 South America Wearable Robots and Exoskeletons Market Outlook, By Country (2021-2030) ($MN)
Table 74 South America Wearable Robots and Exoskeletons Market Outlook, By Type (2021-2030) ($MN)
Table 75 South America Wearable Robots and Exoskeletons Market Outlook, By Powered Exoskeletons (2021-2030) ($MN)
Table 76 South America Wearable Robots and Exoskeletons Market Outlook, By Passive Exoskeletons (2021-2030) ($MN)
Table 77 South America Wearable Robots and Exoskeletons Market Outlook, By Other Types (2021-2030) ($MN)
Table 78 South America Wearable Robots and Exoskeletons Market Outlook, By Application (2021-2030) ($MN)
Table 79 South America Wearable Robots and Exoskeletons Market Outlook, By Rehabilitation (2021-2030) ($MN)
Table 80 South America Wearable Robots and Exoskeletons Market Outlook, By Assistive (2021-2030) ($MN)
Table 81 South America Wearable Robots and Exoskeletons Market Outlook, By Body Parts Support (2021-2030) ($MN)
Table 82 South America Wearable Robots and Exoskeletons Market Outlook, By Sports (2021-2030) ($MN)
Table 83 South America Wearable Robots and Exoskeletons Market Outlook, By Other Applications (2021-2030) ($MN)
Table 84 South America Wearable Robots and Exoskeletons Market Outlook, By End User (2021-2030) ($MN)
Table 85 South America Wearable Robots and Exoskeletons Market Outlook, By Healthcare (2021-2030) ($MN)
Table 86 South America Wearable Robots and Exoskeletons Market Outlook, By Military and Defense (2021-2030) ($MN)
Table 87 South America Wearable Robots and Exoskeletons Market Outlook, By Industrial (2021-2030) ($MN)
Table 88 South America Wearable Robots and Exoskeletons Market Outlook, By Aerospace (2021-2030) ($MN)
Table 89 South America Wearable Robots and Exoskeletons Market Outlook, By Commercial (2021-2030) ($MN)
Table 90 South America Wearable Robots and Exoskeletons Market Outlook, By Other End Users (2021-2030) ($MN)
Table 91 Middle East & Africa Wearable Robots and Exoskeletons Market Outlook, By Country (2021-2030) ($MN)
Table 92 Middle East & Africa Wearable Robots and Exoskeletons Market Outlook, By Type (2021-2030) ($MN)
Table 93 Middle East & Africa Wearable Robots and Exoskeletons Market Outlook, By Powered Exoskeletons (2021-2030) ($MN)
Table 94 Middle East & Africa Wearable Robots and Exoskeletons Market Outlook, By Passive Exoskeletons (2021-2030) ($MN)
Table 95 Middle East & Africa Wearable Robots and Exoskeletons Market Outlook, By Other Types (2021-2030) ($MN)
Table 96 Middle East & Africa Wearable Robots and Exoskeletons Market Outlook, By Application (2021-2030) ($MN)
Table 97 Middle East & Africa Wearable Robots and Exoskeletons Market Outlook, By Rehabilitation (2021-2030) ($MN)
Table 98 Middle East & Africa Wearable Robots and Exoskeletons Market Outlook, By Assistive (2021-2030) ($MN)
Table 99 Middle East & Africa Wearable Robots and Exoskeletons Market Outlook, By Body Parts Support (2021-2030) ($MN)
Table 100 Middle East & Africa Wearable Robots and Exoskeletons Market Outlook, By Sports (2021-2030) ($MN)
Table 101 Middle East & Africa Wearable Robots and Exoskeletons Market Outlook, By Other Applications (2021-2030) ($MN)
Table 102 Middle East & Africa Wearable Robots and Exoskeletons Market Outlook, By End User (2021-2030) ($MN)
Table 103 Middle East & Africa Wearable Robots and Exoskeletons Market Outlook, By Healthcare (2021-2030) ($MN)
Table 104 Middle East & Africa Wearable Robots and Exoskeletons Market Outlook, By Military and Defense (2021-2030) ($MN)
Table 105 Middle East & Africa Wearable Robots and Exoskeletons Market Outlook, By Industrial (2021-2030) ($MN)
Table 106 Middle East & Africa Wearable Robots and Exoskeletons Market Outlook, By Aerospace (2021-2030) ($MN)
Table 107 Middle East & Africa Wearable Robots and Exoskeletons Market Outlook, By Commercial (2021-2030) ($MN)
Table 108 Middle East & Africa Wearable Robots and Exoskeletons Market Outlook, By Other End Users (2021-2030) ($MN)

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