Global Exoskeleton Market (2020-2025) by Product, Components, Type, Mobility, Drive Type, Treatment Type, Technology, Body Type, Application, And Geography, IGR Competitive Analysis, Impact of Covid-19, Ansoff Analysis

Global Exoskeleton Market (2020-2025) by Product, Components, Type, Mobility, Drive Type, Treatment Type, Technology, Body Type, Application, And Geography, IGR Competitive Analysis, Impact of Covid-19, Ansoff Analysis

Introduction

The Global Exoskeleton Market is estimated to be USD 1.85 Bn in 2020 and is expected to reach USD 4.28 Bn by 2025, growing at a CAGR of 18.25 %.

Market Dynamics

Key factors such as growing demand from the healthcare sector with the rise in the number of disabilities and severe injuries among patients have driven the growth of the exoskeletons market. Similarly, the need for reducing the weight of heavy load objects among the workers has created the demand for the exoskeleton thereby enabling market growth.
However, factors such as stringent government regulations and high costs are likely to restrain the market.

Market Segmentation

The Global Exoskeleton Market is segmented further based on Product, Components, Type, Mobility, Drive Type, Treatment Type, Technology, Body Type, Applications, And Geography.

By Products, the market is classified as soft and rigid. Amongst the two, the soft segment holds the highest market share.

By Components, the market is classified as Software and Hardware. Amongst the two, the hardware segment holds the highest market share.

By Type, the market is classified as passive and powered. Amongst the two, the passive segment holds the highest market share.

By Mobility, the market is classified as Mobile and Stationary. Amongst the two the mobile segment holds the highest market share.

By Drive Type, the market is classified as Pneumatic Actuator, Hydraulic Actuator, Electric Servo, Electric Actuator, Fully Mechanical, Shape Memory Alloy Actuator and Fuel Cell. Amongst all, the electric actuator segment holds the highest market share.

By Treatment Type, the market is classified as Rehabilitation and Augmentation. Amongst the two, the rehabilitation segment holds the highest market share.

By Technology, the market is classified as Passive, Semi-passive and Active. Amongst the two, the active segment holds the highest market share.

By Body Type, the market is classified as a lower, upper and full body. Amongst all, the full-body segment holds the highest market share.

By Application, the market is classified as Healthcare, military and industrial. Amongst all, the healthcare segment holds the highest market share.

By Geography, North America is projected to lead the market.

Recent Developments

1. Ekso Bionics Holdings, Inc, has partnered with U.S. Physiatry (USP) for spreading awareness about the clinical benefits of an EksoNR exoskeleton to physicians. 9th March 2021
2. ReWalk Robotics, Ltd., has signed a contract with a German private health insurance company for procuring a ReWalk 6.0 exoskeleton system.- 10th December 2020

Company Profiles

Some of the companies covered in the report are Knots Plus Ltd., Atoun Inc., Ekso Bionics Holdings Inc., Panasonic Corporation, Cyberdyne, Inc., ReWalk Robotics, Rex Bionics plc., Lockheed Martin Corporation, U.S Bionics, Inc., RB3D, Hocoma, B-Temia Inc., DIH Medical, Wearable Robotics srl, OTTOBOCK, Suitx Inc., Gogoa.eu, Technaid, Honda Motor Company, Ltd., Myomo, Inc., Bionik Laboratories Corp. among other domestic and global players.

IGR Competitive Quadrant

The report includes IGR Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

The report offers a comprehensive evaluation of the Global Exoskeleton Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
The report includes in-depth market analysis using Porter’s 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.
The report also contains the competitive analysis using IGR Competitive Quadrant, Infogence’s proprietary competitive positioning tool.

Report Highlights:

A complete analysis of the market, including parent industry
Important market dynamics and trends
Market segmentation
Historical, current, and projected size of the market based on value and volume
Market shares and strategies of key players
Recommendations to companies for strengthening their foothold in the market