Asia Pacific Exoskeleton Robotic System Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Lower Body Exoskeleton, Upper Body Exoskeleton, and Full Body Exoskeleton) and Application (Healthcare, Defense, and Industrial)
The Asia Pacific exoskeleton robotic system market is expected to grow from US$ 142.44 million in 2022 to US$ 544.55 million by 2028; it is estimated to record a CAGR of 25.0% from 2022 to 2028.
Increasing Technological Advancements and Growing Investments to Drive Asia Pacific Exoskeleton Robotic System Market during2022–2028
The healthcare industry trends are changing drastically due to constant technological developments and innovations, enhancing healthcare services and quality of care. Various APAC market players are striving hard to acquire the largest market share, followed by rising investments in exoskeleton robotic systems on a regional level. In April 2022, Exoskeleton maker RoboCT Technology Development Co. completed a $ 15.7 million (RMB 100 million) Series A+ financing round. Hangzhou, China-based RoboCT provides the disabled, the elderly, and medical rehabilitation institutes with intelligent rehabilitation devices and robotic technology with data analysis and cloud computing. Additionally, the surge in R&D activities by the companies is expected to accelerate the development of advanced systems for diverse application areas such as healthcare, chemical, defense, and commercial. The companies also hold their technology and intellectual property rights (IPR) that help them maintain their market share. RoboCT Technology Development Co. is involved in the research and development of exoskeleton technology in several fields, such as entertainment, industry, and sports. RoboCT has applied for over 100 Intellectual Property Rights (IPRs) and has received more than 20 awards across different fields. The increased adoption of artificial intelligence (AI) and Internet of Things (IoT) in developing smart exoskeleton robotic systems is expected to complement the market growth. As it is providing the data necessary for advance machine learning and cultivating AI applications, it becomes unique in the industry. Thus, the increasing technological advancements and rising investments are likely to catalyze the growth of the Asia Pacific exoskeleton robotic system market during the forecast period.
Asia Pacific Exoskeleton Robotic System Market Overview
The Asia Pacific exoskeleton robotic system market is attributed to the rising prevalence of neurological and musculoskeletal disorders and the expansion and product launch strategies implemented by market players. Ekso Bionics is expanding its presence across Asia Pacific by launching its robotic exoskeleton in Hong Kong, Singapore, Malaysia, Australia, and Taiwan. An increase in investment in developing exoskeleton robotic systems in China is also one of the factors driving the growth of the market in the country.
Pacific Exoskeleton Robotic System Market Revenue and Forecast to 2028 (US$ Million)
Asia Pacific Exoskeleton Robotic System Market Segmentation
The Asia Pacific exoskeleton robotic system market is segmented on the basis of type, application, and country. Based on type, the Asia Pacific exoskeleton robotic system market is segmented into lower body exoskeleton, upper body exoskeleton, and full body exoskeleton. The lower body exoskeleton segment held the largest market share in 2022.
Based on application, the Asia Pacific exoskeleton robotic system market is segmented into healthcare, defense, and industrial. The healthcare segment held the largest market share in 2022.
Based on country, the Asia Pacific exoskeleton robotic system market is segmented into the China, India, Japan, Australia, South Korea, and the Rest of Asia Pacific. China dominated the market share in 2022.
Lockheed Martin Corp; Cyberdyne Inc.; Panasonic Holdings Corp; Hocoma AG; ReWalk Robotics Inc.; Ekso Bionics Holdings Inc.; Parker Hannifin Corp.; B-Temia Inc.; AlterG Inc.; and INNOPHYS CO., LTD. are the leading companies operating in the Asia Pacific exoskeleton robotic system market.
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- 1. Introduction
- 1.1 Scope of the Study
- 1.2 The Insight Partners Research Report Guidance
- 1.3 Market Segmentation
- 1.3.1 Asia Pacific Exoskeleton Robotic System Market – by Type
- 1.3.2 Asia Pacific Exoskeleton Robotic System Market – by Application
- 1.3.3 Asia Pacific Exoskeleton Robotic System Market – by Country
- 2. Asia Pacific Exoskeleton Robotic System Market – Key Takeaways
- 3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
- 4. Asia Pacific Exoskeleton Robotic System Market – Market Landscape
- 4.1 Overview
- 4.2 PEST Analysis
- 4.2.1 Asia Pacific PEST Analysis
- 4.3 Experts’ Opinion
- 5. Asia Pacific Exoskeleton Robotic System Market – Key Market Dynamics
- 5.1 Market Drivers
- 5.1.1 Mounting Incidence of Stroke and Musculoskeletal Disorders
- 5.1.2 Escalating Strategic Initiatives
- 5.2 Market Restraints
- 5.2.1 High Rate of Exoskeleton Robotic Systems and Unfavorable Reimbursement Scenario
- 5.3 Market Opportunities
- 5.3.1 Intensifying Applications in Military & Defense Sector
- 5.4 Future Trends
- 5.4.1 Increasing Technological Advancements and Growing Investments
- 5.5 Impact Analysis
- 6. Exoskeleton Robotic System Market – Asia Pacific Analysis
- 6.1 Asia Pacific Exoskeleton Robotic System Market Revenue Forecast and Analysis
- 7. Asia Pacific Exoskeleton Robotic System Market – by Type
- 7.1 Overview
- 7.2 Exoskeleton Robotic System Market Revenue Share, by Type 2021 & 2028 (%)
- 7.3 Lower Body Exoskeleton
- 7.3.1 Overview
- 7.3.2 Lower Body Exoskeleton: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- 7.4 Upper Body Exoskeleton
- 7.4.1 Overview
- 7.4.2 Upper Body Exoskeleton: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- 7.5 Full Body Exoskeleton
- 7.5.1 Overview
- 7.5.2 Full Body Exoskeleton: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- 8. Asia Pacific Exoskeleton Robotic System Market – by Application
- 8.1 Overview
- 8.2 Exoskeleton Robotic System Market, by Application 2021 & 2028 (%)
- 8.3 Healthcare
- 8.3.1 Overview
- 8.3.2 Healthcare: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- 8.4 Defense
- 8.4.1 Overview
- 8.4.2 Defense: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- 8.5 Industrial
- 8.5.1 Overview
- 8.5.2 Industrial: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- 9. Asia Pacific Exoskeleton Robotic System Market – by Country Analysis
- 9.1 Asia Pacific: Exoskeleton Robotic System Market
- 9.1.1 Overview
- 9.1.2 Asia Pacific: Exoskeleton Robotic System Market, by Country, 2021 & 2028 (%)
- 9.1.2.1 China: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- 9.1.2.1.1 Overview
- 9.1.2.1.2 China: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- 9.1.2.1.3 China: Exoskeleton Robotic System Market, by Type, 2019–2028 (US$ Million)
- 9.1.2.1.4 China: Exoskeleton Robotic System Market, by Application, 2019–2028 (US$ Million)
- 9.1.2.2 Japan: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- 9.1.2.2.1 Overview
- 9.1.2.2.2 Japan: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- 9.1.2.2.3 Japan: Exoskeleton Robotic System Market, by Type, 2019–2028 (US$ Million)
- 9.1.2.2.4 Japan: Exoskeleton Robotic System Market, by Application, 2019–2028 (US$ Million)
- 9.1.2.3 India: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- 9.1.2.3.1 Overview
- 9.1.2.3.2 India: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- 9.1.2.3.3 India: Exoskeleton Robotic System Market, by Type, 2019–2028 (US$ Million)
- 9.1.2.3.4 India: Exoskeleton Robotic System Market, by Application, 2019–2028 (US$ Million)
- 9.1.2.4 South Korea: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- 9.1.2.4.1 Overview
- 9.1.2.4.2 South Korea: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- 9.1.2.4.3 South Korea: Exoskeleton Robotic System Market, by Type, 2019–2028 (US$ Million)
- 9.1.2.4.4 South Korea: Exoskeleton Robotic System Market, by Application, 2019–2028 (US$ Million)
- 9.1.2.5 Australia: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- 9.1.2.5.1 Overview
- 9.1.2.5.2 Australia: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- 9.1.2.5.3 Australia: Exoskeleton Robotic System Market, by Type, 2019–2028 (US$ Million)
- 9.1.2.5.4 Australia: Exoskeleton Robotic System Market, by Application, 2019–2028 (US$ Million)
- 9.1.2.6 Rest of Asia Pacific: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- 9.1.2.6.1 Overview
- 9.1.2.6.2 Rest of Asia Pacific: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- 9.1.2.6.3 Rest of Asia Pacific: Exoskeleton Robotic System Market, by Type, 2019–2028 (US$ Million)
- 9.1.2.6.4 Rest of Asia Pacific: Exoskeleton Robotic System Market, by Application, 2019–2028 (US$ Million)
- 10. Exoskeleton Robotic System Market – Industry Landscape
- 10.1 Overview
- 10.2 Growth Strategies in Exoskeleton Robotic System Market
- 10.3 Organic Growth Strategies
- 10.3.1 Overview
- 10.4 Inorganic Growth Strategies
- 10.4.1 Overview
- 11. Company Profiles
- 11.1 Lockheed Martin Corp
- 11.1.1 Key Facts
- 11.1.2 Business Description
- 11.1.3 Products and Services
- 11.1.4 Financial Overview
- 11.1.5 SWOT Analysis
- 11.1.6 Key Developments
- 11.2 Cyberdyne Inc
- 11.2.1 Key Facts
- 11.2.2 Business Description
- 11.2.3 Products and Services
- 11.2.4 Financial Overview
- 11.2.5 SWOT Analysis
- 11.2.6 Key Developments
- 11.3 Panasonic Holdings Corp
- 11.3.1 Key Facts
- 11.3.2 Business Description
- 11.3.3 Products and Services
- 11.3.4 Financial Overview
- 11.3.5 SWOT Analysis
- 11.3.6 Key Developments
- 11.4 Hocoma AG
- 11.4.1 Key Facts
- 11.4.2 Business Description
- 11.4.3 Products and Services
- 11.4.4 Financial Overview
- 11.4.5 SWOT Analysis
- 11.4.6 Key Developments
- 11.5 ReWalk Robotics Inc
- 11.5.1 Key Facts
- 11.5.2 Business Description
- 11.5.3 Products and Services
- 11.5.4 Financial Overview
- 11.5.5 SWOT Analysis
- 11.5.6 Key Developments
- 11.6 Ekso Bionics Holdings Inc
- 11.6.1 Key Facts
- 11.6.2 Business Description
- 11.6.3 Products and Services
- 11.6.4 Financial Overview
- 11.6.5 SWOT Analysis
- 11.6.6 Key Developments
- 11.7 Parker Hannifin Corp
- 11.7.1 Key Facts
- 11.7.2 Business Description
- 11.7.3 Products and Services
- 11.7.4 Financial Overview
- 11.7.5 SWOT Analysis
- 11.7.6 Key Developments
- 11.8 B-Temia Inc
- 11.8.1 Key Facts
- 11.8.2 Business Description
- 11.8.3 Products and Services
- 11.8.4 Financial Overview
- 11.8.5 SWOT Analysis
- 11.8.6 Key Developments
- 11.9 AlterG Inc
- 11.9.1 Key Facts
- 11.9.2 Business Description
- 11.9.3 Products and Services
- 11.9.4 Financial Overview
- 11.9.5 SWOT Analysis
- 11.9.6 Key Developments
- 11.10 INNOPHYS CO., LTD.
- 11.10.1 Key Facts
- 11.10.2 Business Description
- 11.10.3 Products and Services
- 11.10.4 Financial Overview
- 11.10.5 SWOT Analysis
- 11.10.6 Key Developments
- 12. Appendix
- 12.1 About The Insight Partners
- 12.2 Glossary of Terms
- LIST OF TABLES
- Table 1. China Exoskeleton Robotic System Market, by Type – Revenue and Forecast to 2028 (US$ Million)
- Table 2. China Exoskeleton Robotic System Market, by Application – Revenue and Forecast to 2028 (US$ Million)
- Table 3. Japan Exoskeleton Robotic System Market, by Type – Revenue and Forecast to 2028 (US$ Million)
- Table 4. Japan Exoskeleton Robotic System Market, by Application – Revenue and Forecast to 2028 (US$ Million)
- Table 5. India Exoskeleton Robotic System Market, by Type – Revenue and Forecast to 2028 (US$ Million)
- Table 6. India Exoskeleton Robotic System Market, by Application – Revenue and Forecast to 2028 (US$ Million)
- Table 7. South Korea Exoskeleton Robotic System Market, by Type – Revenue and Forecast to 2028 (US$ Million)
- Table 8. South Korea Exoskeleton Robotic System Market, by Application – Revenue and Forecast to 2028 (US$ Million)
- Table 9. Australia Exoskeleton Robotic System Market, by Type – Revenue and Forecast to 2028 (US$ Million)
- Table 10. Australia Exoskeleton Robotic System Market, by Application – Revenue and Forecast to 2028 (US$ Million)
- Table 11. Rest of Asia Pacific Exoskeleton Robotic System Market, by Type – Revenue and Forecast to 2028 (US$ Million)
- Table 12. Rest of Asia Pacific Exoskeleton Robotic System Market, by Application – Revenue and Forecast to 2028 (US$ Million)
- Table 13. Recent Organic Growth Strategies in Exoskeleton Robotic System Market
- Table 14. Recent Inorganic Growth Strategies in the Exoskeleton Robotic System Market
- Table 15. Glossary of Terms
- LIST OF FIGURES
- Figure 1. Asia Pacific Exoskeleton Robotic System Market Segmentation
- Figure 2. Asia Pacific Exoskeleton Robotic System Market, by Country
- Figure 3. Asia Pacific Exoskeleton Robotic System Market Overview
- Figure 4. Lower Body Exoskeleton Segment Held Largest Share of Type Segment in Exoskeleton Robotic System Market
- Figure 5. China Expected to Show Remarkable Growth During Forecast Period
- Figure 6. Asia Pacific: PEST Analysis
- Figure 7. Asia Pacific Experts’ Opinion
- Figure 8. Asia Pacific Exoskeleton Robotic System Market: Impact Analysis of Drivers and Restraints
- Figure 9. Asia Pacific Exoskeleton Robotic System Market – Revenue Forecast and Analysis – 2020–2028
- Figure 10. Asia Pacific Exoskeleton Robotic System Market Revenue Share, by Type 2021 & 2028 (%)
- Figure 11. Lower Body Exoskeleton: Asia Pacific Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 12. Upper Body Exoskeleton: Asia Pacific Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 13. Full Body Exoskeleton: Asia Pacific Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 14. Asia Pacific Exoskeleton Robotic System Market, by Application 2021 & 2028 (%)
- Figure 15. Healthcare: Asia Pacific Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 16. Defense: Asia Pacific Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 17. Industrial: Asia Pacific Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 18. Asia Pacific: Exoskeleton Robotic System Market, by Key Country – Revenue (2021) (US$ Million)
- Figure 19. China: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 20. Japan: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 21. India: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 22. South Korea: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 23. Australia: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 24. Rest of Asia Pacific: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 25. Growth Strategies in Exoskeleton Robotic System Market
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