Exoskeleton Market Research Report: By Component (Hardware, Software), Type (Powered, Passive), Mobility (Stationary, Mobile), Body Part (Lower Extremities, Upper Extremities, Full Body), Technology (Electric Actuator, Hydraulic, Fully Mechanical, Pneumatic), End User (Healthcare, Industrial, Military) - Global Industry Analysis and Growth Forecast to 2030

  • Published: September 2020
  • Report Code: LS12081
  • Available Format: PDF
  • Pages: 319

Market Overview

The global exoskeleton market size was $290.3 million in 2019, and it is expected to reach $6,957.9 million in 2030, witnessing a CAGR of 35.9% during the forecast period (2020–2030). The major factors behind the growth of the market are the high number of spinal cord injuries (SCIs) and stroke cases, increase in healthcare expenditure, surge in the geriatric population, increase in these products’ penetration in industrial and military operations, and growth of job opportunities for disabled people.

Due to COVID-19, the market witnessed a negative impact across the globe, mainly during the first two quarters of 2020. The COVID-19 situation forced thousands of companies supplying raw materials to throttle down or temporarily stop their activities in China, the U.S., Germany, and several other countries. This has impacted the production of the raw materials and components required for the development of exoskeletons. In addition, the demand for exoskeletons also decreased during the first two quarters of 2020, owing to the job and financial losses for customers and closure of orthopedic and physical rehabilitation centers around the world.

Exoskeleton Market

Segmentation Analysis

On the basis of component, the market is categorized into hardware and software. The hardware category held the larger share in the exoskeleton market in 2019, due to the fact that exoskeletons comprise various hardware components, such as actuators, sensors, and powered systems. Additionally, passive exoskeletons are majorly constructed with hardware parts, which further supports the dominance of this category on the market.

On the basis of type, the market for exoskeleton is classified into powered and passive categories. Powered exoskeletons use batteries, electric cables, motors, and connections to run sensors and actuators through a control system, to allow for the movement of body parts or limbs and provide high strength and endurance, thus becoming popular among various end-users. Therefore, the category is expected to witness the higher CAGR during the forecast period.

Based on mobility, the market is bifurcated into stationary and mobile. The mobile bifurcation is projected to advance at the higher CAGR during the forecast period in the market. Mobile exoskeletons are the movable or flexible type of exoskeleton devices, with which the user, unlike the fixed exoskeletons, can move outside the premises. Thus, the increasing number of healthcare settings is generating a high demand for mobile exoskeletons for the treatment of patients, globally.

Based on body part, the market is categorized into lower extremities, upper extremities, and full body. Of these, the lower extremities category held the largest share in the exoskeleton market in 2019. This was mainly on account of the high number of exoskeleton devices available in this category, rise in the prevalence of spinal and leg injuries affecting the lower body parts, and growth in the need for improving the mobility capability of injured patients.

On the basis of technology, the market is categorized into electric actuator, hydraulic, fully mechanical, and pneumatic. Among these, the electric actuator category is expected to hold the major share throughout the forecast period, due to the fact that electric actuators are more effective in a majority of applications, which is why they are widely used in several exoskeleton devices.

Among all the end users of exoskeleton devices, the healthcare category garnered the largest share in the market for exoskeleton in 2019. This was mainly due to the large number of healthcare settings, such as rehabilitation and clinical care centers, globally, which require exoskeletons for treatment on a daily basis.

Regional Insight

The North American region accounted for the major share in the exoskeleton market in 2019, and it is expected to continue to dominate it throughout the forecast period. The growth of the North American market is mainly driven by the rising usage of exoskeletons by military personnel, heavy usage in the healthcare sector, increasing workforce of disabled people, and high availability of these products in the region.

Globally, APAC is expected to advance at the highest CAGR during the forecast period in the market. The robust growth of the market of the region would be primarily due to the surge in the use of exoskeletons in the medical field and rise in the geriatric population. The older population is rapidly increasing, which has become a major reason behind the rising prevalence of orthopedic diseases and disability. Aging leads to the lowering of the bone density and fragile bones, thereby resulting in a higher risk of fractures.

Exoskeleton Market

Market Trends and Drivers

Technologically advanced features, such as artificial intelligence (AI), robotics, and cloud connectivity, and new designs are increasingly being integrated into exoskeleton devices by the manufacturers, in order to enhance their performance. AI amplifies the human potential as well as productivity. Due to this reason, products equipped with AI are being commercialized and adopted in various countries rapidly. For instance, Bebionic Hand by Ottobock SE & Co. KGaA is designed to handle the daily work. This exoskeleton is equipped with AI applications, and it can be controlled with the Myo app provided by the company. Thus, the deployment of advanced features in exoskeleton products is being observed as a key trend in the market.

Exoskeleton Market

The high number of cases of SCIs and stroke are generating a high requirement for exoskeletons in various healthcare settings, such as rehabilitation centers, and driving revenue for the players in the market for exoskeleton. Exoskeletons in the healthcare industry help paralyzed patients walk again. For instance, in 2019, according to the NSCISC, there are approximately 54 cases per one million people, or about 17,730 new SCI cases, each year in the U.S. Furthermore, the average estimated number of people with SCIs living in the U.S. is 291,000, with individual estimates ranging from 249,000 to 363,000.

According to the World Population Ageing 2019 report by the UN, globally, there were 703 million persons aged 65 or above in 2019, and this number is expected to increase to 1.5 billion by 2050. Hence, the rapidly growing geriatric population is offering opportunities to the market players to sell their devices to various healthcare settings. The ability of these products to provide physical strength to the geriatric population majorly drives the growth of the market.

Exoskeleton Market Report Coverage
Report Attribute Details
Historical Years 2014-2019
Forecast Years 2020-2030
Base Year (2019) Market Size $290.3 Million
Forecast Period (2020-2030) CAGR 35.9%
Report Coverage Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Competitive Analysis, Market Share Analysis, Companies’ Strategic Developments, Product Benchmarking, Company Profiling
Market Size by Segments By Component, By Type, By Mobility, By Body Part, By Technology, By End User, By Geography
Market Size of Geographies U.S., Canada, Germany, France, U.K., Italy, Spain, Russia, Belgium, Switzerland, Japan, China, India, Australia, South Korea, Brazil, Mexico, South Africa, Saudi Arabia
Secondary Sources and References (Partial List) Organisation for Economic Co-operation and Development, United Nations Department of Economic and Social Affairs, World Health Organization, National Spinal Cord Injury Statistical Center, Robotic Industries Association, Federal Ministry of Health (Germany), International Federation of Robotics


Another factor driving the exoskeleton industry growth is the growing healthcare expenditure across the world, which is leading to the increasing investments for the innovation and commercialization of exoskeleton products. According to the World Bank Group, worldwide health expenditure was 9.0% of the gross domestic product (GDP) in 2007, which increased to 9.8% of the GDP in 2017. Moreover, people in developed and developing countries are becoming more aware of the relevance of exoskeletons for chronic and acute orthopedic diseases’ management. Thus, the rising healthcare expenditure is fueling growth in the exoskeleton market.

Competition Analysis

The global market for exoskeleton is fragmented in nature, with the presence of several key players. In recent years, the major players in the market have taken several strategic measures, such as product launches, partnerships, and facility expansions, to gain a competitive edge.

  • In June 2020, Bionik Laboratories Corp. launched the InMotion Connect platform to meet the data connectivity and analytics needs of hospitals and other healthcare facilities. This cloud-based data analytics solution securely streams and stores anonymized data from all connected InMotion robotic devices, on Bionik’s cloud server hosted by Amazon AWS.
  • In January 2020, Cyberdyne Inc. received approval for its Hybrid Assistive Limb (HAL) lower limb, for medical use, from the Thai Food and Drug Administration. It is a wearable cyborg designed to improve the physical function of the wearer. With this approval, HAL can be used for a wide range of medical conditions, such as cerebrovascular disorders, SCIs, and neuromuscular diseases. Apart from Thailand, the product would be available in Europe, Saudi Arabia, and Malaysia.
  • In January 2019, Bionik Laboratories Corp. launched the new-generation InMotion ARM/HAND robotic system for the clinical rehabilitation of stroke survivors and those with mobility impairments due to neurological conditions. The company showcased the product in an event organized by the American Physical Therapy Association at the Walter E. Washington Convention Center in Washington D.C., U.S. Besides offering improved reporting capabilities, the company would enable clinicians to better the patient rehabilitation process and achieve greater recovery among stroke survivors, with this product.

Key Players in Exoskeleton Market include:

  • Bionik Laboratories Corp.
  • B-Temia Inc.
  • Cyberdyne Inc.
  • Ekso Bionics Holdings Inc.
  • DIH Group
  • Lockheed Martin Corporation
  • GBS German Bionic Systems GmbH
  • Innophys Co. Ltd.
  • ATOUN Inc.
  • Axosuits srl
  • Focal Meditech BV
  • MediTouch Ltd.
  • US Bionics Inc. (suitX)
  • Gogoa Mobility Robots Sl
  • Shanghai Fourier Intelligence Co. Ltd.
  • Ottobock SE & Co. KGaA
  • Honda Motor Co. Ltd.
  • Parker-Hannifin Corporation

Market Size Breakdown by Segment

The exoskeleton market report offers comprehensive market segmentation analysis along with market estimation for the period 2014–2030.

Based on Component

  • Hardware
    • Sensors
    • Actuators
    • Power sources
    • Control systems
  • Software

Based on Type

  • Powered
  • Passive

Based on Mobility

  • Stationary
  • Mobile

Based on Body Part

  • Lower Extremities
  • Upper Extremities
  • Full Body

Based on Technology

  • Electric Actuator
  • Hydraulic
  • Fully Mechanical
  • Pneumatic

Based on End User

  • Healthcare
    • Rehabilitation centers
    • Elderly care facilities
    • Assisted living facilities
  • Industrial
    • Production
    • Logistics
    • Construction
  • Military

Geographical Analysis

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K
    • Italy
    • Spain
    • Russia
    • Belgium
    • Switzerland
  • Asia-Pacific (APAC)
    • Japan
    • China
    • India
    • Australia
    • South Korea
  • Latin America (LATAM)
    • Brazil
    • Mexico
  • Middle East and Africa (MEA)
    • South Africa
    • Saudi Arabia
Frequently Asked Questions About This Report
Which “end-user” category held the largest share in the exoskeleton industry in 2019 and why?+
Which “type” category is expected to witness the higher growth rate during 2020–2030 and why?+
In the coming years, which region is expected to see the highest rate of growth in the exoskeleton market?+
What factor will result in the increasing demand for exoskeletons?+
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