Smart Exoskeleton Market Size, Share, Forecast Report 2021-2030
The global Smart Exoskeleton market gathered revenue around USD 210 Million in 2020 and market is set to grow USD 3.0 Billion by the end of 2030. The global Smart Exoskeleton market is estimated to expand at a modest CAGR of 30% during the prediction period 2021 to 2030.
Favorable reimbursement policies and increase in applications of smart exoskeleton in various industries are anticipated to drive the global smart exoskeleton market from 2021 to 2030. North America is expected to account for a significant share of the global smart exoskeleton market during the forecast period. The expansion of the market in the region can be attributed to increase in geriatric population, highly structured healthcare industry, availability of various reimbursement policies from public and private health insurance firms, and technological advancements in exoskeleton.
The market in Asia Pacific is projected to expand at a high CAGR from 2020 to 2030. This can be ascribed to the expansion of the healthcare sector in countries such as China, Japan, and India. Moreover, increase in disposable income and purchasing power of consumers, rise in inclination toward the use of high-end technology in medical practice, large population base, and surge in incidence of chronic and lifestyle diseases are anticipated to propel the market in the region during the forecast period.
The report provides an elaborate executive summary, which comprises a snapshot of various segments of the global smart exoskeleton market. The report also provides information and data analysis of the global smart exoskeleton market with regard to segments based on product, extremity, application, end user, and region.
The overview section of the report provides detailed qualitative analysis of drivers and restraints impacting the global smart exoskeleton market, along with opportunities in the global market
This research report purposes at stressing the most lucrative growth prospects.The aim of the research report is to provide an inclusive valuation of the Smart Exoskeleton market and it encompasses thoughtful visions, actualities, industry-validated market findings, historic data, and prognoses by means of appropriate set of assumptions and practice. Global Smart Exoskeleton market reportaids in comprehendingmarket structure and dynamics by recognizing and scrutinizing the market sectors and predicted the global market outlook.
COVID-19 Impact Assessment on Market Landscape
The report comprises the scrutiny of COVID-19 lock-downimpact on the income of market leaders, disrupters and followers. Since lock down was instigated differently in diverse regions and nations, influence of same is also dissimilaracross various industry verticals. The research reportofferspresent short-term and long-term influence on the market to assist market participants across value chain makers to formulate the framework for short term and long-lastingtactics for recovery and by region.
Smart Exoskeleton market report empower readers with all-inclusive market intelligence and offers a granular outline of the market they are operational in. Further this research study delivers exceptional combination of tangible perceptions and qualitative scrutiny to aid companies accomplish sustainable growth. This report employs industry-leading research practices and tools to assemble all-inclusive market studies, intermingled with pertinent data. Additionally, this report also emphases on the competitive examination of crucial players by analyzing their product portfolio, pricing, gross margins, financial position, growth approaches, and regional occurrence.
Foremost players in the market are attentive on adopting corporation strategies to enhance their market share.Some of the prominent tactics undertaken by leading market participants in order to sustain the fierce market completion include collaborations, acquisitions, substantial spending in R&D and the improvement of new-fangled products or reforms among others.
Significant Market Participants Operational in the Smart Exoskeleton Market are:
The global smart exoskeleton market. These include EksoBionics, ReWalkRobotics, Bionik, Inc., Cyberdyne, Inc., Rex Bionics Ltd., HocomaAG, Wearable Robotics srl, Fourier Intelligence, AXOSUITS SRL, FREE Bionics Taiwan Inc., Innophys Co., Ltd., Medexo Robotics, Noonee, Technaid, Walkbot (P&S Mechanics Co. Ltd), Lockheed Martin Corporation, and RB3D.
Unravelling the Critical Segments
This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects includingproduct type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2030 and covers subsequent region in its scope:
Global Smart Exoskeleton Market: Segmentation
- Smart Exoskeleton Market, by Product
- Rigid Smart Exoskeleton
- Soft Smart Exoskeleton
- Smart Exoskeleton Market, by Extremity
- Lower Extremity
- Upper Extremity
- Full Body Extremity
- Smart Exoskeleton Market, by Application
- Pick & Carry
- Smart Exoskeleton Market, by End User
By Regional Outlook
- United States
- United Kingdom
- Rest of EU
- Southeast Asia
- Rest of APAC
Central & South America
- Rest of Central & South America
Middle East and Africa
- North Africa
- South Africa