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Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....
Smart Exoskeleton Market: By Component Type, By Type, By Body Part By Application Type, and Region Forecast 2019-2030
Smart Exoskeleton Market: By Component Type, By Type, By Body Part By Application Type, and Region Forecast 2019-2030
Smart Exoskeleton Market size was valued at US$ 14,634.6 million in 2023 and is growing at a significant CAGR of 13.6% from 2024 - 2030. A smart exoskeleton is a powered wearable sensors suit that is precisely designed to enhance user safety. They also enhance human efficiency in doing the respective tasks. Smart exoskeleton devices work on smart algorithms, which automatically regulate human body motions. The technological algorithms to detect motion anomalies in real-time environments support the prevention of injuries.
These features of this device increase the application in various sectors mainly in healthcare and many more, which leads to the market growth. Additionally, the increasing patient population across the globe is further propelling the demand for devices. The COVID-19 pandemic hurt the market owing to shutdowns of the manufacturing industries worldwide, which disrupted the supply and market demand chain of raw materials as well as finished products. After the pandemic, the world economy is regaining through the reopening of businesses and making further developments in their products.
Study Period
2024-2030Base Year
2023CAGR
13.6%Largest Market
North AmericaFastest Growing Market
Asia pacific
Smart Exoskeleton Market is primarily driven by growth due to the rise of the geriatric population and increasing prevalence of stroke & SCIs, the presence of a large part of the population as patients. Furthermore, growing disposable income, and accessibility of government funding further propel the market growth and expansion in the application of smart exoskeleton in various sectors such as restoration of individuals undergoing bodily inabilities and neurological dysfunctions. However, high costs associated with the manufacturing, and designing of the smart exoskeleton are expected to hinder the market growth. Also, strict regulations and rules imposed by governmental agencies are anticipated to challenge the market over the forecasted period.
North America dominates the smart exoskeleton market over the forecasted period owing to growing disabilities in the region and huge investments by private organizations and government bodies within the region. Furthermore, with the existence of prominent players and many more would come which undoubtedly expand the smart exoskeleton market in this region.
Asia-Pacific is anticipated to have considerable growth in the coming few years due to an increase in the aged population in the region, enhances the demand for the exoskeleton for rehabilitation, and rising funding from the government and private sectors in the healthcare system.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 14,634.6 million |
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Market CAGR |
13.6% |
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By Component Type |
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By Type |
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By Application |
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The global smart exoskeleton market size was valued at US$ 14,634.6 million in 2023 and is projected to grow at a CAGR of 13.6% from 2024 to 2030.
The market key players are: Esco Bionics (US) EXHAUST (Canada) Focal Meditech BV (Netherlands) Fourier Intelligence Co., Ltd (China) SUIT X (US) Hocoma (Switzerland) Rex Bionics Ltd (New Zealand) ReWalk Robotics (Israel) RB3D (France) Raytheon Company (US) PARKER HANNIFIN CORP (US) Ottobock (Germany) DIH Technologies Corporation (US) B-Temia (Canada)
The smart exoskeleton market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
| 1. Executive Summary |
| 2. Global Smart Exoskeleton Market Introduction |
| 2.1. Global Smart Exoskeleton Market Taxonomy |
| 2.2. Global Smart Exoskeleton Market Definitions |
| 2.2.1. Component Type |
| 2.2.2. Type |
| 2.2.3. Body Part |
| 2.2.4. Application |
| 2.2.5. Geography |
| 3. Global Smart Exoskeleton Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Global Smart Exoskeleton Market Dynamic Factors - Impact Analysis |
| 3.6. Global Smart Exoskeleton Market Competition Landscape |
| 4. Global Smart Exoskeleton Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Smart Exoskeleton Market, By Component Type, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.1. Sensors |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. Actuators |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Power Source |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 5.4. Control System |
| 5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.4.3. Market Opportunity Analysis |
| 5.5. Others |
| 5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 5.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.5.3. Market Opportunity Analysis |
| 6. Global Smart Exoskeleton Market, By Type, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.1. Soft Exoskeleton |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Rigid Exoskeleton |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 6.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 7. Global Smart Exoskeleton Market Forecast, By Body Part, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.1. Lower Body |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Upper Body |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Full Body |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 7.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 8. Global Smart Exoskeleton Market Forecast, By Application, 2019 - 2023 and Forecast, 2024 - 2030(Revenue, USD Mn) |
| 8.1. Healthcare |
| 8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.1.3. Market Opportunity Analysis |
| 8.2. Industrial |
| 8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.2.3. Market Opportunity Analysis |
| 8.3. Military |
| 8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.3.3. Market Opportunity Analysis |
| 8.4. Others |
| 8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 8.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 8.4.3. Market Opportunity Analysis |
| 9. Global Smart Exoskeleton Market Forecast, By Region, 2019 - 2023 and Forecast, 2024 - 2030(Revenue, USD Mn) |
| 9.1. North America |
| 9.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 9.1.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.1.3. Market Opportunity Analysis |
| 9.2. Europe |
| 9.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 9.2.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.2.3. Market Opportunity Analysis |
| 9.3. Asia-Pacific |
| 9.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 9.3.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.3.3. Market Opportunity Analysis |
| 9.4. Latin America |
| 9.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 9.4.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.4.3. Market Opportunity Analysis |
| 9.5. Middle East and Africa |
| 9.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 9.5.2. Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 9.5.3. Market Opportunity Analysis |
| 9.6. Global Smart Exoskeleton Market - Opportunity Analysis Index, By Component Type, Type, Body Part, Application, and Region, 2024 - 2030 |
| 10. North America Smart Exoskeleton MarketAnalysis,2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 10.1. Component Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1. Sensors |
| 10.1.2. Actuators |
| 10.1.3. Power Source |
| 10.1.4. Control System |
| 10.1.5. Others |
| 10.2. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.2.1. Soft Exoskeleton |
| 10.2.2. Rigid Exoskeleton |
| 10.3. Body Part Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.3.1. Lower Body |
| 10.3.2. Upper Body |
| 10.3.3. Full Body |
| 10.4. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 10.4.1. Healthcare |
| 10.4.2. Industrial |
| 10.4.3. Military |
| 10.4.4. Others |
| 10.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 10.5.1. USA |
| 10.5.2. Canada |
| 10.6. North America Smart Exoskeleton Market - Opportunity Analysis Index, By Component Type, Type, Body Part, Application, and Region, 2024 - 2030 |
| 10.7. North America Smart Exoskeleton Market Dynamics Trends |
| 11. Europe Smart Exoskeleton Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 11.1. Component Type Analysis 20172021and Forecast 2024 - 2030by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1. Sensors |
| 11.1.2. Actuators |
| 11.1.3. Power Source |
| 11.1.4. Control System |
| 11.1.5. Others |
| 11.2. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.2.1. Soft Exoskeleton |
| 11.2.2. Rigid Exoskeleton |
| 11.3. Body Part Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.3.1. Lower Body |
| 11.3.2. Upper Body |
| 11.3.3. Full Body |
| 11.4. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 11.4.1. Healthcare |
| 11.4.2. Industrial |
| 11.4.3. Military |
| 11.4.4. Others |
| 11.5. Country Analysis 2019 - 2023and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 11.5.1. Germany |
| 11.5.2. UK |
| 11.5.3. France |
| 11.5.4. Spain |
| 11.5.5. Italy |
| 11.5.6. Russia |
| 11.5.7. Poland |
| 11.5.8. Rest of Europe |
| 11.6. Europe Smart Exoskeleton Market - Opportunity Analysis Index, By Component Type, Type, Body Part, Application, and Region, 2024 - 2030 |
| 11.7. Europe Smart Exoskeleton Market Dynamics Trends |
| 12. Asia-Pacific Smart Exoskeleton Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 12.1. Component Type Analysis 2019 - 2023and Forecast 2024 - 2030by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1. Sensors |
| 12.1.2. Actuators |
| 12.1.3. Power Source |
| 12.1.4. Control System |
| 12.1.5. Others |
| 12.2. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.2.1. Soft Exoskeleton |
| 12.2.2. Rigid Exoskeleton |
| 12.3. Body Part Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.3.1. Lower Body |
| 12.3.2. Upper Body |
| 12.3.3. Full Body |
| 12.4. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 12.4.1. Healthcare |
| 12.4.2. Industrial |
| 12.4.3. Military |
| 12.4.4. Others |
| 12.5. Country Analysis2019 - 2023and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 12.5.1. Japan |
| 12.5.2. China |
| 12.5.3. India |
| 12.5.4. ASEAN |
| 12.5.5. Australia & New Zealand |
| 12.5.6. Rest of Asia-Pacific |
| 12.6. Asia-Pacific Smart Exoskeleton Market - Opportunity Analysis Index, By Component Type, Type, Body Part, Application, and Region, 2024 - 2030 |
| 12.7. Asia-Pacific Smart Exoskeleton Market Dynamics Trends |
| 13. Latin America Smart Exoskeleton Market Analysis,2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 13.1. Component Type Analysis 2019 - 2023and Forecast 2024 - 2030by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 13.1.1. Sensors |
| 13.1.2. Actuators |
| 13.1.3. Power Source |
| 13.1.4. Control System |
| 13.1.5. Others |
| 13.2. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.2.1. Soft Exoskeleton |
| 13.2.2. Rigid Exoskkeleton |
| 13.3. Body Part Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.3.1. Lower Body |
| 13.3.2. Upper Body |
| 13.3.3. Full Body |
| 13.4. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 13.4.1. Healthcare |
| 13.4.2. Industrial |
| 13.4.3. Military |
| 13.4.4. Others |
| 13.5. Country Analysis 2019 - 2023and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 13.5.1. Brazil |
| 13.5.2. Mexico |
| 13.5.3. Argentina |
| 13.5.4. Rest of Latin America |
| 13.6. Latin America Smart Exoskeleton Market - Opportunity Analysis Index, By Component Type, Type, Body Part, Application, and Region, 2024 - 2030 |
| 13.7. Latin America Smart Exoskeleton Market Dynamics Trends |
| 14. Middle East and Africa Smart Exoskeleton Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn) |
| 14.1. Component Type Analysis 2019 - 2023and Forecast 2024 - 2030by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%) |
| 14.1.1. Sensors |
| 14.1.2. Actuators |
| 14.1.3. Power Source |
| 14.1.4. Control System |
| 14.1.5. Others |
| 14.2. Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 14.2.1. Soft Exoskeleton |
| 14.2.2. Rigid Exoskeleton |
| 14.3. Body Part Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 14.3.1. Lower Body |
| 14.3.2. Upper Body |
| 14.3.3. Full Body |
| 14.4. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%) |
| 14.4.1. Healthcare |
| 14.4.2. Industrial |
| 14.4.3. Military |
| 14.4.4. Others |
| 14.5. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%) |
| 14.5.1. Gulf Cooperation Council (GCC) Countries |
| 14.5.2. Israel |
| 14.5.3. South Africa |
| 14.5.4. Rest of MEA |
| 14.6. MEA Smart Exoskeleton Market - Opportunity Analysis Index, By Component Type, Type, Body Part, Application, and Region, 2024 - 2030 |
| 14.7. MEA Smart Exoskeleton Market Dynamics Trends |
| 15. Competition Landscape |
| 15.1. Strategic Dashboard of Top Market Players |
| 15.2. Company Profiles (Introduction, Financial Analysis, Product Type& Service Testing Types, Key Developments, Strategies, and SWOT Analysis) |
| 15.2.1. Esco Bionics (US) |
| 15.2.2. EXHAUST (Canada) |
| 15.2.3. Focal Meditech BV (Netherlands) |
| 15.2.4. Fourier Intelligence Co., Ltd (China) |
| 15.2.5. SUIT X (US) |
| 15.2.6. Hocoma (Switzerland) |
| 15.2.7. Rex Bionics Ltd (New Zealand) |
| 15.2.8. ReWalk Robotics (Israel) |
| 15.2.9. RB3D (France) |
| 15.2.10. Raytheon Company (US) |
| 15.2.11. PARKER HANNIFIN CORP (US) |
| 15.2.12. Ottobock (Germany) |
| 15.2.13. DIH Technologies Corporation (US) |
| 15.2.14. B-Temia (Canada) |
| 16. Research Methodology |
| 17. Key Assumptions and Acronyms |
Key Market Players
Author
Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthcare domain, encompassing pharmaceuticals, medical devices, and diagnostics. A graduate in Pharmacy, he possesses a strong foundation in the intricacies of the healthcare sector. He further enhanced his expertise by pursuing an MBA in Pharmaceuticals, equipping him with valuable business acumen. His analytical skills and market insights have contributed to strategic decision-making and enhanced market positioning for various healthcare organizations. Committed to driving innovation and excellence, Muni continues to seek opportunities to improve healthcare delivery through data-driven insights.