A comprehensive overview of the exoskeleton market is recently added by UnivDatos to its humongous database. The report has been aggregated by collecting informative data from various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the exoskeleton market. The report offers a detailed analysis of the latest industry developments and trending factors that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the exoskeleton market at the regional levels. The global exoskeleton market is expected to witness robust growth of around 35% during the forecast period (2021-2027F).

Market Overview

The global exoskeleton market is expected to witness robust growth mainly due to the growing cases of spinal cord injuries and disability disorders, and initiatives toward proper use and distribution of exoskeleton frames & management coupled with a rise in pediatric, adult, and geriatric populations. Furthermore, rising accidents, labor work, post-stroke, and neurological, or musculoskeletal impairments are some of the major causes of increasing issues of disability disorders. Continuous technological advancements coupled with the development of new robotics machines and therapies for the treatment of muscles movement by major players like Cyberdyne, Hocoma, ReWalk Robotics, Ekso Bionics, LockHeed Martin, Parker Hannifin, Interactive Motion Technologies, Panasonic, Myomo, B-TEMIA Inc., are other major factors driving the Exoskeleton Market.

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 COVID-19 Impact

The ongoing COVID-19 pandemic across the world has had a tremendous impact on different spectra of society, the market for exoskeleton no less. The market for exoskeleton faced a negative impact due to lockdown there is a temporary shutdown of rehabilitation centers, and there has been a huge decline in healthcare. Due to this, there has been a positive impact on the negative sales and supply chains of numerous sectors, particularly during the first two quarters of the year 2020. This has adversely affected the trade of exoskeleton products due to the high demand and widespread financial distress.

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Exoskeleton Market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

By Body Part Type, the market is primarily bifurcated into:

·       Lower Body

·       Upper Body

·       Full body

Based on body part type, the exoskeleton market is segmented into the lower body, upper body, and full body. In 2020, lower body category dominated the market and is expected to maintain its dominance throughout the forecast period.

By Mobility, the market is primarily studied into:

·       Mobile Exoskeleton

·       Stationary Exoskeleton

Based on mobility, the market is bifurcated into the mobile exoskeleton, and stationary exoskeleton. Among these, the mobile exoskeleton category accounted for the major share of the global market.

By End User, the market is primarily studied into:

·       Healthcare

·       Military

·       Industrial

·       Others

Based on end user, the market is bifurcated into healthcare, military, industrial, and others. During the forecast period, the healthcare category is expected to witness robust growth of major during the forecast period.

Exoskeleton Market Region Segmentation Includes:

·       North America

·       Europe

·       Asia-Pacific

·       Rest of World

Based on the estimation, Geographically, North America leads the market adding up to a major business share in 2021. This can be mainly ascribed to the high R&D expenditure by healthcare and industrial companies, surging investments by governments, coupled with an increasing focus on quality and manufacturing efficiency improvement in the region.

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The major players targeting the market include:

·       Cyberdyne

·       Hocoma

·       ReWalk Robotics

·       Ekso Bionics

·       LockHeed Martin

·       Parker Hannifin

·       Interactive Motion Technologies

·       Panasonic

·       Myomo

·       B-TEMIA Inc.

Competitive Landscape

The degree of competition among prominent companies has been elaborated by analyzing several leading key players operating in the global context. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the exoskeleton market. The major players have been analyzed using different research methodologies for getting insight views on market competition.

Key questions resolved through this analytical market research report include:

·       What are the latest trends, new patterns, and advancements in the exoskeleton market?

·       Which factors are influencing the exoskeleton market over the forecast period?

·       What are the challenges, threats, and risks in the exoskeleton market?

·       Which factors are propelling and restraining the exoskeleton market?

·       What are the demanding regions of the exoskeleton globally?

·       What will be the market size in the upcoming years?

·       What are the crucial market acquisition strategies and policies applied by the companies?

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