South America 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 South America exoskeleton robotic system market is expected to grow from US$ 51.91 million in 2022 to US$ 182.50 million by 2028; it is estimated to record a CAGR of 23.3% from 2022 to 2028.Inc
Increasing Technological Advancements and Rising Investments to Drive South America Exoskeleton Robotic System Market Growth During Forecast Period
The healthcare industry trends are changing drastically due to constant technological developments and innovations, enhancing healthcare services and quality of care. Various SAM market players are striving hard to acquire a larger market share, followed by rising investments in exoskeleton robotic systems on a region level. For instance, in April 2022, Exoskeleton maker RoboCT Technology Development Co. completed a $ 15.7 million (RMB 100 million) Series A+ financing round. 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. For instance, 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. Also, constant technological advancements are expected to augment the market growth. 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 SAM exoskeleton robotic system market.
South America Exoskeleton Robotic System Market Overview
The South & Central America exoskeleton robotic system market is segmented into Brazil, Argentina, and the Rest of South & Central America. The healthcare industry in the region is developing significantly owing to the increasing investments and surging healthcare expenditure. Moreover, increase in technological advancements and new product launches are further expected to fuel the growth of the exoskeleton robotic system market in South & Central America during the forecast period.
South America Exoskeleton Robotic System Market Revenue and Forecast to 2028 (US$ Million)
South America Exoskeleton Robotic System Market Segmentation
The South America exoskeleton robotic system market is segmented on the basis of type, application, and country. Based on type, the South America 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 South America 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 South America exoskeleton robotic system market is segmented into Brazil, Argentina, and the Rest of South America. The Rest of South America 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.; and AlterG Inc. are the leading companies operating in the South America 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 SAM Exoskeleton Robotic System Market – by Type
- 1.3.2 SAM Exoskeleton Robotic System Market – by Application
- 1.3.3 SAM Exoskeleton Robotic System Market – by Country
- 2. SAM Exoskeleton Robotic System Market – Key Takeaways
- 3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
- 4. SAM Exoskeleton Robotic System Market – Market Landscape
- 4.1 Overview
- 4.2 PEST Analysis
- 4.2.1 SAM PEST Analysis
- 4.3 Experts’ Opinion
- 5. SAM Exoskeleton Robotic System Market – Key Market Dynamics
- 5.1 Market Drivers
- 5.1.1 Rising Incidence of Stroke and Musculoskeletal Disorders
- 5.1.2 Increasing Strategic Initiatives
- 5.2 Market Restraints
- 5.2.1 High Cost of Exoskeleton Robotic Systems and Unfavorable Reimbursement Scenario
- 5.3 Market Opportunities
- 5.3.1 Rising Applications in Military & Defense Sector
- 5.4 Future Trends
- 5.4.1 Increasing Technological Advancements and Rising Investments
- 5.5 Impact Analysis
- 6. Exoskeleton Robotic System Market – SAM Analysis
- 6.1 SAM Exoskeleton Robotic System Market Revenue Forecast and Analysis
- 7. SAM 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. SAM 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. SAM Exoskeleton Robotic System Market – by Country Analysis
- 9.1 South & Central America Exoskeleton Robotic System Market
- 9.1.1 Overview
- 9.1.2 South & Central America: Exoskeleton Robotic System Market, by Country, 2021 & 2028 (%)
- 9.1.2.1 Brazil: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- 9.1.2.1.1 Overview
- 9.1.2.1.2 Brazil: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- 9.1.2.1.3 Brazil: Exoskeleton Robotic System Market, by Type, 2019–2028 (US$ Million)
- 9.1.2.1.4 Brazil: Exoskeleton Robotic System Market, by Application, 2019–2028 (US$ Million)
- 9.1.2.2 Argentina: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- 9.1.2.2.1 Overview
- 9.1.2.2.2 Argentina: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- 9.1.2.2.3 Argentina: Exoskeleton Robotic System Market, by Type, 2019–2028 (US$ Million)
- 9.1.2.2.4 Argentina: Exoskeleton Robotic System Market, by Application, 2019–2028 (US$ Million)
- 9.1.2.3 Rest of South & Central America: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- 9.1.2.3.1 Overview
- 9.1.2.3.2 Rest of South & Central America: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- 9.1.2.3.3 Rest of South & Central America: Exoskeleton Robotic System Market, by Type, 2019–2028 (US$ Million)
- 9.1.2.3.4 Rest of South & Central America: 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 AlterG 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
- 12. Appendix
- 12.1 About The Insight Partners
- 12.2 Glossary of Terms
- LIST OF TABLES
- Table 1. Brazil Exoskeleton Robotic System Market, by Type – Revenue and Forecast to 2028 (US$ Million)
- Table 2. Brazil Exoskeleton Robotic System Market, by Application – Revenue and Forecast to 2028 (US$ Million)
- Table 3. Argentina Exoskeleton Robotic System Market, by Type – Revenue and Forecast to 2028 (US$ Million)
- Table 4. Argentina Exoskeleton Robotic System Market, by Application – Revenue and Forecast to 2028 (US$ Million)
- Table 5. Rest of South & Central America Exoskeleton Robotic System Market, by Type – Revenue and Forecast to 2028 (US$ Million)
- Table 6. Rest of South & Central America Exoskeleton Robotic System Market, by Application – Revenue and Forecast to 2028 (US$ Million)
- Table 7. Recent Organic Growth Strategies in Exoskeleton Robotic System Market
- Table 8. Recent Inorganic Growth Strategies in the Exoskeleton Robotic System Market
- Table 9. Glossary of Terms
- LIST OF FIGURES
- Figure 1. SAM Exoskeleton Robotic System Market Segmentation
- Figure 2. SAM Exoskeleton Robotic System Market, by Country
- Figure 3. SAM Exoskeleton Robotic System Market Overview
- Figure 4. Lower Body Exoskeleton Segment Held Largest Share of Type Segment in Exoskeleton Robotic System Market
- Figure 5. Rest of SAM Expected to Show Remarkable Growth During Forecast Period
- Figure 6. SAM: PEST Analysis
- Figure 7. SAM Experts’ Opinion
- Figure 8. SAM Exoskeleton Robotic System Market: Impact Analysis of Drivers and Restraints
- Figure 9. SAM Exoskeleton Robotic System Market – Revenue Forecast and Analysis – 2020–2028
- Figure 10. SAM Exoskeleton Robotic System Market Revenue Share, by Type 2021 & 2028 (%)
- Figure 11. Lower Body Exoskeleton: SAM Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 12. Upper Body Exoskeleton: SAM Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 13. Full Body Exoskeleton: SAM Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 14. SAM Exoskeleton Robotic System Market, by Application 2021 & 2028 (%)
- Figure 15. Healthcare: SAM Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 16. Defense: SAM Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 17. Industrial: SAM Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 18. South & Central America: Exoskeleton Robotic System Market, by Key Country – Revenue (2021) (US$ Million)
- Figure 19. South & Central America: Exoskeleton Robotic System Market, by Country, 2021 & 2028 (%)
- Figure 20. Brazil: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 21. Argentina: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 22. Rest of South & Central America: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 23. Growth Strategies in Exoskeleton Robotic System Market
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