Smart Exoskeleton Market Growth and Forecast by 2029
Global Smart Exoskeleton Market was valued at USD 13,426.16 million in 2021 and is expected to reach USD 216,264.56 million by 2029, registering a CAGR of 13.40% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
This smart exoskeleton market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on smart exoskeleton market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
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Smart Exoskeleton Market Drivers
- Application of Smart Exoskeleton
The expansion in the requirement for the application of smart exoskeleton in the restoration of individuals undergoing bodily inabilities and neurological dysfunctions is the influential determinant stimulating the germination of the smart exoskeleton industry. Furthermore, it facilitates the aged people to step with comfort and limit fall-related damages.
- Increase in Target Population
The increase in the number of target population across the globe accelerate the smart exoskeleton market. The rise in number of accidents causing disabilities have a positive impact on the market. The surge in geriatric population further influence the market as the elderly population are more prone to chronic diseases.
Some of the major players operating in the smart exoskeleton market are
- Esco Bionics (US)
- EXHAUSS (Canada)
- SUIT X (US)
- Hocoma (Switzerland)
- Rex Bionics Ltd (New Zealand)
- ReWalk Robotics (Israel)
- RB3D (France)
- Raytheon Company (US)
- PARKER HANNIFIN CORP (US)
- ottobock (Germany)
- Fourier Intelligence Co., Ltd (China)
- DIH Technologies Corporation (US)
- B-Temia (Canada)
- Focal Meditech BV (Netherlands)
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Global Smart Exoskeleton Market Scope and Market Size
Component
- Sensors
- Actuators
- Power Source
- Control System
- Others
Type
- Soft Exoskeleton
- Rigid Exoskeleton
Body Part
- Upper Body
- Lower Body
- Full Body
Application
- Industrial
- Healthcare
- Military
- Others
Smart Exoskeleton Market Regional Analysis/Insights
The countries covered in the smart exoskeleton market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA).
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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