Product Code: GVR-1-68038-071-2
Exoskeleton Market Growth & Trends:
The global exoskeleton market size is estimated to reach USD 1.25 billion by 2030, registering to grow at a CAGR of 16.27% from 2025 to 2030 according to a new report by Grand View Research, Inc. Rapidly growing global geriatric population, increasing incidences of road accidents, and rising prevalence of stroke and spinal cord injuries are boosting the adoption of exoskeleton products and driving market growth. For instance, according to an article published by SingleCare Administrators in February 2023, globally, over 350 million individuals have arthritis, and 1 in 4 adults in the U.S. has arthritis.
Furthermore, the market is expected to witness the emergence of smarter & more competent exoskeletons through the integration of artificial intelligence and machine learning algorithms. For instance, in April 2022, Ottobock introduced the Ottobock Shoulder, a next-generation Paexo Shoulder exoskeleton that supports strenuous over-the-shoulder activities in production, logistics, handicraft, and maintenance. Thus, emergence of technologically advanced exoskeletons boosts market growth.
In addition, key players adopting diverse strategies such as new product launches, geographical expansion, partnerships, and collaborations, and a rise in R&D activities drive the market growth. In April 2022, ReWalk Robotics participated in the Human-Robot Interaction (HRI) Consortium, associated with the MAGNET incentive program under the Israel Innovation Authority. This initiative was expected to promote R&D collaborations and offer grants to renowned academic & research centers and private businesses developing advanced robotic technologies.
Moreover, exoskeletons have been used in various areas, including dry docks, factories, construction sites, surgical rooms, and warehouses. They are beneficial in reducing the burden of work. Thus, various benefits of exoskeletons are fueling market growth. Furthermore, with growing adoption and demand, it is expected that companies may buy millions of units for their workers to increase productivity and prevent musculoskeletal disorders over the forecast period, which is anticipated to result in increased quality of work.
Exoskeleton Market Report Highlights:
- The mobile segment led the market in 2024 with the largest revenue share of 62.39% and is anticipated to witness fastest CAGR over the forecast period.
- The powered segment held the largest revenue share in 2024 owing to rising implementation of powered exoskeleton solutions in several industries to enhance personal safety and boost productivity.
- The upper body segment is anticipated to register the fastest growth rate over the forecast period.
- Healthcare segment dominated the market in terms of revenue share in 2024.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Segment Definitions
- 1.2.1. Mobility
- 1.2.2. Technology
- 1.2.3. Extremity
- 1.2.4. Structure
- 1.2.5. Regional scope
- 1.2.6. Estimates and forecasts timeline
- 1.3. Research Methodology
- 1.4. Information Procurement
- 1.4.1. Purchased database
- 1.4.2. GVR's internal database
- 1.4.3. Secondary sources
- 1.4.4. Primary research
- 1.4.5. Details of primary research
- 1.5. Information or Data Analysis
- 1.5.1. Data analysis models
- 1.6. Market Formulation & Validation
- 1.7. Model Details
- 1.7.1. Commodity flow analysis (Model 1)
- 1.7.2. Approach 1: Commodity flow approach
- 1.8. List of Secondary Sources
- 1.9. List of Primary Sources
- 1.10. Objectives
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.2.1. Mobility outlook
- 2.2.2. Technology outlook
- 2.2.3. Extremity outlook
- 2.2.4. Structure outlook
- 2.2.5. Regional outlook
- 2.3. Competitive Insights
Chapter 3. Exoskeleton Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent market outlook
- 3.2. Market Dynamics
- 3.2.1. Market driver analysis
- 3.2.1.1. Increasing incidence of spinal cord injury
- 3.2.1.2. Increasing incidence of musculoskeletal disorders
- 3.2.1.3. Technological advancements
- 3.2.2. Market restraint analysis
- 3.2.2.1. High procedural costs
- 3.2.3. Market opportunity analysis
- 3.2.4. Market challenges analysis
- 3.3. Exoskeleton Market Analysis Tools
- 3.3.1. Industry Analysis - Porter's Five Forces
- 3.3.1.1. Supplier power
- 3.3.1.2. Buyer power
- 3.3.1.3. Substitution threat
- 3.3.1.4. Threat of new entrant
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Economic and Social landscape
- 3.3.2.3. Technological landscape
- 3.3.2.4. Environmental landscape
- 3.3.2.5. Legal Landscape
- 3.4. Key Trends in the Exoskeleton/Exo Robots Market
- 3.5. Key Developments in the Exoskeleton/Exo Robots Market
- 3.6. Patent Analysis
- 3.7. Patent Disputer
- 3.8. Case Studies & Insights
- 3.9. Supply Chain Analysis for Exoskeletons
- 3.10. Current Regulatory Analysis
- 3.11. Ecosystem Analysis
- 3.12. Pricing Analysis
- 3.13. Upcoming Innovations in the Market
Chapter 4. Exoskeleton Market: Mobility Estimates & Trend Analysis
- 4.1. Global Exoskeleton Market: Mobility Dashboard
- 4.2. Mobility Market Share Analysis, 2024 & 2030
- 4.3. Exoskeleton Market: By Mobility, 2018 to 2030
- 4.4. Mobile
- 4.4.1. Market estimates and forecasts 2018 to 2030 (USD Million, 000' Units)
- 4.5. Fixed/Stationary
- 4.5.1. Market estimates and forecasts 2018 to 2030 (USD Million, 000' Units)
Chapter 5. Exoskeleton Market: Technology Estimates & Trend Analysis
- 5.1. Global Exoskeleton Market: Technology Dashboard
- 5.2. Technology Market Share Analysis, 2024 & 2030
- 5.3. Exoskeleton Market: By Technology, 2018 to 2030
- 5.4. Powered
- 5.4.1. Market estimates and forecasts 2018 to 2030 (USD Million, 000' Units)
- 5.4.2. Powered by Extremity
- 5.4.2.1. Upper
- 5.4.2.1.1. Market estimates and forecasts 2018 to 2030 (USD Million, 000' Units)
- 5.4.2.2. Lower
- 5.4.2.2.1. Market estimates and forecasts 2018 to 2030 (USD Million, 000' Units)
- 5.4.2.3. Full
- 5.4.2.3.1. Market estimates and forecasts 2018 to 2030 (USD Million, 000' Units)
- 5.5. Non-Powered
- 5.5.1. Market estimates and forecasts 2018 to 2030 (USD Million, 000' Units)
- 5.5.2. Non-Powered by Extremity
- 5.5.2.1. Upper
- 5.5.2.1.1. Market estimates and forecasts 2018 to 2030 (USD Million, 000' Units)
- 5.5.2.2. Lower
- 5.5.2.2.1. Market estimates and forecasts 2018 to 2030 (USD Million, 000' Units)
- 5.5.2.3. Full
- 5.5.2.3.1. Market estimates and forecasts 2018 to 2030 (USD Million, 000' Units)
Chapter 6. Exoskeleton Market: Extremity Estimates & Trend Analysis
- 6.1. Global Exoskeleton Market: Extremity Dashboard
- 6.2. Extremity Market Share Analysis, 2024 & 2030
- 6.3. Exoskeleton Market: By Extremity, 2018 to 2030
- 6.4. Upper Body
- 6.4.1. Market estimates and forecasts 2018 to 2030 (USD Million, 000' Units)
- 6.5. Lower Body
- 6.5.1. Market estimates and forecasts 2018 to 2030 (USD Million, 000' Units)
- 6.6. Full Body
- 6.6.1. Market estimates and forecasts 2018 to 2030 (USD Million, 000' Units)
Chapter 7. Exoskeleton Market: Structure Estimates & Trend Analysis
- 7.1. Global Exoskeleton Market: Structure Dashboard
- 7.2. Structure Market Share Analysis, 2024 & 2030
- 7.3. Exoskeleton Market: By Structure, 2018 to 2030
- 7.4. Rigid Exoskeletons
- 7.4.1. Market estimates and forecasts 2018 to 2030 (USD Million, 000' Units)
- 7.5. Soft Exoskeletons
- 7.5.1. Market estimates and forecasts 2018 to 2030 (USD Million, 000' Units)
Chapter 8. Exoskeleton Market: End Use Estimates & Trend Analysis
- 8.1. Global Exoskeleton Market: End Use Dashboard
- 8.2. End Use Market Share Analysis, 2024 & 2030
- 8.3. Exoskeleton Market: By End Use, 2018 to 2030
- 8.4. Healthcare
- 8.4.1. Market estimates and forecasts 2018 to 2030 (USD Million, 000' Units)
- 8.5. Military
- 8.5.1. Market estimates and forecasts 2018 to 2030 (USD Million, 000' Units)
- 8.6. Industry
- 8.6.1. Market estimates and forecasts 2018 to 2030 (USD Million, 000' Units)
Chapter 9. Exoskeleton Market: Regional Estimates & Trend Analysis by component, application and end use
- 9.1. Regional Market Share Analysis, 2024 & 2030
- 9.2. Regional Dashboard
- 9.3. Market Size & Forecasts Trend Analysis, 2018 to 2030:
- 9.4. North America
- 9.4.1. U.S.
- 9.4.1.1. Key country dynamics
- 9.4.1.2. Regulatory framework
- 9.4.1.3. Competitive scenario
- 9.4.1.4. Market estimates and forecasts 2018 to 2030 (USD Million)
- 9.4.1.5. Market volume estimates and forecasts 2018 to 2030 (000' Units)
- 9.4.2. Canada
- 9.4.2.1. Key country dynamics
- 9.4.2.2. Regulatory framework
- 9.4.2.3. Competitive scenario
- 9.4.2.4. Market estimates and forecasts 2018 to 2030 (USD Million)
- 9.4.2.5. Market volume estimates and forecasts 2018 to 2030 (000' Units)
- 9.4.3. Mexico
- 9.4.3.1. Key country dynamics
- 9.4.3.2. Regulatory framework
- 9.4.3.3. Competitive scenario
- 9.4.3.4. Market estimates and forecasts 2018 to 2030 (USD Million)
- 9.4.3.5. Market volume estimates and forecasts 2018 to 2030 (000' Units)
- 9.5. Europe
- 9.5.1. UK
- 9.5.1.1. Key country dynamics
- 9.5.1.2. Regulatory framework
- 9.5.1.3. Competitive scenario
- 9.5.1.4. Market estimates and forecasts 2018 to 2030 (USD Million)
- 9.5.1.5. Market volume estimates and forecasts 2018 to 2030 (000' Units)
- 9.5.2. Germany
- 9.5.2.1. Key country dynamics
- 9.5.2.2. Regulatory framework
- 9.5.2.3. Competitive scenario
- 9.5.2.4. Market estimates and forecasts 2018 to 2030 (USD Million)
- 9.5.2.5. Market volume estimates and forecasts 2018 to 2030 (000' Units)
- 9.5.3. France
- 9.5.3.1. Key country dynamics
- 9.5.3.2. Regulatory framework
- 9.5.3.3. Competitive scenario
- 9.5.3.4. Market estimates and forecasts 2018 to 2030 (USD Million)
- 9.5.3.5. Market volume estimates and forecasts 2018 to 2030 (000' Units)
- 9.5.4. Italy
- 9.5.4.1. Key country dynamics
- 9.5.4.2. Regulatory framework
- 9.5.4.3. Competitive scenario
- 9.5.4.4. Market estimates and forecasts 2018 to 2030 (USD Million)
- 9.5.4.5. Market volume estimates and forecasts 2018 to 2030 (000' Units)
- 9.5.5. Spain
- 9.5.5.1. Key country dynamics
- 9.5.5.2. Regulatory framework
- 9.5.5.3. Competitive scenario
- 9.5.5.4. Market estimates and forecasts 2018 to 2030 (USD Million)
- 9.5.5.5. Market volume estimates and forecasts 2018 to 2030 (000' Units)
- 9.5.6. Denmark
- 9.5.6.1. Key country dynamics
- 9.5.6.2. Regulatory framework
- 9.5.6.3. Competitive scenario
- 9.5.6.4. Market estimates and forecasts 2018 to 2030 (USD Million)
- 9.5.6.5. Market volume estimates and forecasts 2018 to 2030 (000' Units)
- 9.5.7. Sweden
- 9.5.7.1. Key country dynamics
- 9.5.7.2. Regulatory framework
- 9.5.7.3. Competitive scenario
- 9.5.7.4. Market estimates and forecasts 2018 to 2030 (USD Million)
- 9.5.7.5. Market volume estimates and forecasts 2018 to 2030 (000' Units)
- 9.5.8. Norway
- 9.5.8.1. Key country dynamics
- 9.5.8.2. Regulatory framework
- 9.5.8.3. Competitive scenario
- 9.5.8.4. Market estimates and forecasts 2018 to 2030 (USD Million)
- 9.5.8.5. Market volume estimates and forecasts 2018 to 2030 (000' Units)
- 9.5.9. Rest of Europe
- 9.5.9.1. Key country dynamics
- 9.5.9.2. Regulatory framework
- 9.5.9.3. Competitive scenario
- 9.5.9.4. Market estimates and forecasts 2018 to 2030 (USD Million)
- 9.5.9.5. Market volume estimates and forecasts 2018 to 2030 (000' Units)
- 9.6. Asia Pacific
- 9.6.1. Japan
- 9.6.1.1. Key country dynamics
- 9.6.1.2. Regulatory framework
- 9.6.1.3. Competitive scenario
- 9.6.1.4. Market estimates and forecasts 2018 to 2030 (USD Million)
- 9.6.1.5. Market volume estimates and forecasts 2018 to 2030 (000' Units)
- 9.6.2. China
- 9.6.2.1. Key country dynamics
- 9.6.2.2. Regulatory framework
- 9.6.2.3. Competitive scenario
- 9.6.2.4. Market estimates and forecasts 2018 to 2030 (USD Million)
- 9.6.2.5. Market volume estimates and forecasts 2018 to 2030 (000' Units)
- 9.6.3. India
- 9.6.3.1. Key country dynamics
- 9.6.3.2. Regulatory framework
- 9.6.3.3. Competitive scenario
- 9.6.3.4. Market estimates and forecasts 2018 to 2030 (USD Million)
- 9.6.3.5. Market volume estimates and forecasts 2018 to 2030 (000' Units)
- 9.6.4. South Korea
- 9.6.4.1. Key country dynamics
- 9.6.4.2. Regulatory framework
- 9.6.4.3. Competitive scenario
- 9.6.4.4. Market estimates and forecasts 2018 to 2030 (USD Million)
- 9.6.4.5. Market volume estimates and forecasts 2018 to 2030 (000' Units)
- 9.6.5. Thailand
- 9.6.5.1. Key country dynamics
- 9.6.5.2. Regulatory framework
- 9.6.5.3. Competitive scenario
- 9.6.5.4. Market estimates and forecasts 2018 to 2030 (USD Million)
- 9.6.5.5. Market volume estimates and forecasts 2018 to 2030 (000' Units)
- 9.6.6. Australia
- 9.6.6.1. Key country dynamics
- 9.6.6.2. Regulatory framework
- 9.6.6.3. Competitive scenario
- 9.6.6.4. Market estimates and forecasts 2018 to 2030 (USD Million)
- 9.6.6.5. Market volume estimates and forecasts 2018 to 2030 (000' Units)
- 9.6.7. Rest of Asia Pacific
- 9.6.7.1. Key country dynamics
- 9.6.7.2. Regulatory framework
- 9.6.7.3. Competitive scenario
- 9.6.7.4. Market estimates and forecasts 2018 to 2030 (USD Million)
- 9.6.7.5. Market volume estimates and forecasts 2018 to 2030 (000' Units)
- 9.7. Latin America
- 9.7.1. Brazil
- 9.7.1.1. Key country dynamics
- 9.7.1.2. Regulatory framework
- 9.7.1.3. Competitive scenario
- 9.7.1.4. Market estimates and forecasts 2018 to 2030 (USD Million)
- 9.7.1.5. Market volume estimates and forecasts 2018 to 2030 (000' Units)
- 9.7.2. Argentina
- 9.7.2.1. Key country dynamics
- 9.7.2.2. Regulatory framework
- 9.7.2.3. Competitive scenario
- 9.7.2.4. Market estimates and forecasts 2018 to 2030 (USD Million)
- 9.7.2.5. Market volume estimates and forecasts 2018 to 2030 (000' Units)
- 9.7.3. Rest of Latin America
- 9.7.3.1. Key country dynamics
- 9.7.3.2. Regulatory framework
- 9.7.3.3. Competitive scenario
- 9.7.3.4. Market estimates and forecasts 2018 to 2030 (USD Million)
- 9.7.3.5. Market volume estimates and forecasts 2018 to 2030 (000' Units)
- 9.8. MEA
- 9.8.1. South Africa
- 9.8.1.1. Key country dynamics
- 9.8.1.2. Regulatory framework
- 9.8.1.3. Competitive scenario
- 9.8.1.4. Market estimates and forecasts 2018 to 2030 (USD Million)
- 9.8.1.5. Market volume estimates and forecasts 2018 to 2030 (000' Units)
- 9.8.2. Saudi Arabia
- 9.8.2.1. Key country dynamics
- 9.8.2.2. Regulatory framework
- 9.8.2.3. Competitive scenario
- 9.8.2.4. Market estimates and forecasts 2018 to 2030 (USD Million)
- 9.8.2.5. Market volume estimates and forecasts 2018 to 2030 (000' Units)
- 9.8.3. UAE
- 9.8.3.1. Key country dynamics
- 9.8.3.2. Regulatory framework
- 9.8.3.3. Competitive scenario
- 9.8.3.4. Market estimates and forecasts 2018 to 2030 (USD Million)
- 9.8.3.5. Market volume estimates and forecasts 2018 to 2030 (000' Units)
- 9.8.4. Kuwait
- 9.8.4.1. Key country dynamics
- 9.8.4.2. Regulatory framework
- 9.8.4.3. Competitive scenario
- 9.8.4.4. Market estimates and forecasts 2018 to 2030 (USD Million)
- 9.8.4.5. Market volume estimates and forecasts 2018 to 2030 (000' Units)
- 9.8.5. Rest of MEA
- 9.8.5.1. Key country dynamics
- 9.8.5.2. Regulatory framework
- 9.8.5.3. Competitive scenario
- 9.8.5.4. Market estimates and forecasts 2018 to 2030 (USD Million)
- 9.8.5.5. Market volume estimates and forecasts 2018 to 2030 (000' Units)
Chapter 10. Competitive Landscape
- 10.1. Recent Developments & Impact Analysis, By Key Market Participants
- 10.2. Company/Competition Categorization
- 10.3. Exoskeleton/Exo Robots Key Market Performance Indicators
- 10.4. Company Profiles
- 10.4.1. Ekso Bionics
- 10.4.1.1. Overview
- 10.4.1.2. Financial performance
- 10.4.1.3. Product benchmarking
- 10.4.1.4. Strategic initiatives
- 10.4.2. ARMASTEC PTE. LTD.
- 10.4.2.1. Overview
- 10.4.2.2. Financial performance
- 10.4.2.3. Product benchmarking
- 10.4.2.4. Strategic initiatives
- 10.4.3. Hocoma
- 10.4.3.1. Overview
- 10.4.3.2. Financial performance
- 10.4.3.3. Product benchmarking
- 10.4.3.4. Strategic initiatives
- 10.4.4. Lockheed Martin Corporation
- 10.4.4.1. Overview
- 10.4.4.2. Financial performance
- 10.4.4.3. Product benchmarking
- 10.4.4.4. Strategic initiatives
- 10.4.5. Suit X
- 10.4.5.1. Overview
- 10.4.5.2. Financial performance
- 10.4.5.3. Product benchmarking
- 10.4.5.4. Strategic initiatives
- 10.4.6. Rex Bionics Plc.
- 10.4.6.1. Overview
- 10.4.6.2. Financial performance
- 10.4.6.3. Product benchmarking
- 10.4.6.4. Strategic initiatives
- 10.4.7. RB3D
- 10.4.7.1. Overview
- 10.4.7.2. Financial performance
- 10.4.7.3. Product benchmarking
- 10.4.7.4. Strategic initiatives
- 10.4.8. ReWalk Robotics
- 10.4.8.1. Overview
- 10.4.8.2. Financial performance
- 10.4.8.3. Product benchmarking
- 10.4.8.4. Strategic initiatives
- 10.4.9. Cyberdyne, Inc.
- 10.4.9.1. Overview
- 10.4.9.2. Financial performance
- 10.4.9.3. Product benchmarking
- 10.4.9.4. Strategic initiatives
- 10.4.10. ActiveLink (Panasonic Corporation)
- 10.4.10.1. Overview
- 10.4.10.2. Financial performance
- 10.4.10.3. Product benchmarking
- 10.4.10.4. Strategic initiatives
- 10.4.11. DIH Medical
- 10.4.11.1. Overview
- 10.4.11.2. Financial performance
- 10.4.11.3. Product benchmarking
- 10.4.11.4. Strategic initiatives