Global Robotic Exoskeleton Market 2018-2022

Overview of the robotic exoskeleton market

The rising penetration of neurological diseases is driving the growth of the robotic exoskeleton market positively over the last few years. Individuals suffering from diseases including spinal cord injuries, cerebral palsy, traumatic brain injuries have limited mobility. Increasing cases of strokes and traumatic brain injuries have been reported annually in advanced economies including the US and some parts of Europe such as the UK, Italy, France, and Sweden. Economies like Japan also showcase that more than two million individuals were found suffering from stroke, multiple sclerosis, spinal cord injuries, and Parkinson’s disease. The use of robotic exoskeletons for the treatment of spinal cord injuries, traumatic brain injuries, and cerebral palsy in rehabilitation centers in the US, Europe, and Japan has increased significantly. Technavio’s market research analysis identifies rising increasing penetration of neurological diseases as one of the primary driving factors for the growth of this market during the next few years. Our market research analysts predict that in terms of units, the robotic exoskeleton market will grow at a CAGR of more than 30% by 2022.

The continuous advances in technology is gaining traction in the robotic exoskeleton market. Advancements in material technologies, software, control systems and sensors, and developments in electrical and electronics engineering have led to the development of advanced exoskeletons. Exoskeletons are fortified with lithium-ion batteries that help in mechanical assistance. The high processing power of the electronic components has led to an easy connection between the machine and human with a control system. Such advances in technology have eventually led to the development of advanced exoskeletons. Manufacturers of robotic exoskeletons are also working toward integrating advanced technologies such as analytics, self-learning, and IoT with them to manufacture intelligent robotic exoskeletons that can adapt to situations when required.  This integration will further boost the growth of the market throughout the forecast period.

Companies covered

The robotic exoskeleton market is characterized by the presence of both international and regional players. With the rapid advances in technology offering considerable growth opportunities, the players of robot suit market are increasingly focused on expanding their product portfolio across the globe. To help clients improve their revenue shares in this competitive market, Technavio’s market research report on the global robotic exoskeleton market offers information about the key initiatives and strategies followed by the market players and provides an in-depth analysis of the market’s competitive landscape.

This research report provides an analysis of various companies in the robotic exoskeleton market including

• CYBERDYNE
• Ekso Bionics
• PARKER HANNIFIN
• ReWalk Robotics
• Rex Bionics

Segmentation by geography and analysis of the robotic exoskeleton market

• Americas
• APAC
• EMEA

The Americas accounted for the largest share of the robotic exoskeleton market in 2017. According to Technavio’s market research analysts, this regional segment is likely to continue its dominance in the market throughout the forecast period.

Key questions answered in the report include

• What will the market size and the growth rate be in 2022?
• What are the key factors driving the global robotic exoskeleton market?
• What are the key market trends impacting the growth of the global robotic exoskeleton market?
• What are the challenges to market growth?
• Who are the key vendors in the global robotic exoskeleton market?
• What are the market opportunities and threats faced by the vendors in the global robotic exoskeleton market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global robotic exoskeleton market? 

Technavio also offers customization on reports based on specific client requirement.