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Medical Devices & Consumables Global Powered Exoskeleton Market Report 2018-2029

  • RnM3877093
    • |
  • 22 August, 2023
    • |
  • Global
    • |
  • 144 Pages
    • |
  • HJResearch
    • |
  • Medical Devices & Consumables

The Powered Exoskeleton industry is a rapidly growing sector that utilizes advanced technology to enhance human capabilities and address various industry challenges. In this article, we will explore the definition of Powered Exoskeletons, their wide-ranging applications in industries such as manufacturing, military, healthcare, and others, the current status of the industry, and its future prospects.

Powered Exoskeletons can be defined as wearable devices that combine mechanical structures, sensors, and actuators to augment an individual's physical strength and endurance. These robotic systems are designed to assist with lifting heavy objects, providing mobility support, and reducing the risk of injuries and strains. Powered Exoskeletons offer significant potential for improving worker safety, enhancing military capabilities, supporting rehabilitation, and enabling individuals with mobility limitations to regain independence.

The use of Powered Exoskeletons is widespread across multiple industries. In the manufacturing sector, these exoskeletons enable workers to handle heavy loads, reducing the risk of musculoskeletal disorders and increasing productivity. Military applications involve providing soldiers with enhanced strength and endurance, allowing them to carry heavier equipment and operate effectively in demanding environments. In the healthcare industry, Powered Exoskeletons assist in the rehabilitation of patients with mobility impairments and provide support to healthcare professionals during physically demanding tasks. Additionally, advancements in exoskeleton technology have opened up opportunities for space exploration, shipping, and other specialized fields.

According to market research, the global market size for Powered Exoskeletons is projected to reach approximately US$217 million in 2022, reflecting a compound annual growth rate (CAGR) of 13%. This growth is driven by several factors, including the increasing focus on worker safety, advancements in robotics and sensor technology, and the need for solutions that enhance human capabilities in various industries.

Major global manufacturers in the Powered Exoskeleton industry include EKSO BIONICS, CHINA NORTH INDUSTRIES GROUP CORPORATION (NORINCO), CYBERDYNE INC., DAEWOO, HONDA, NOONEE, PARKER HANNIFIN, REX BIONICS, ATOUN INC., BIONIC POWER, FANUC, GENERAL ATOMICS, LOCKHEED MARTIN, MYOMO INC., ORTHOCARE INNOVATIONS, REHA TECHNOLOGY, REWALK, ROBOTDALEN, and SARCOS. These manufacturers have emerged as key players in the market, offering a diverse range of Powered Exoskeleton products tailored to meet industry-specific requirements. Collaboration with end-users, research institutions, and technology partners allows these companies to drive innovation and refine their offerings.

The current status of the Powered Exoskeleton industry is characterized by ongoing advancements in technology and expanding applications across industries. The adoption of exoskeletons is increasing, driven by the need for enhanced safety, improved efficiency, and better quality of life. Innovations in materials, battery life, ease of use, and adaptability to varying tasks continue to enhance the performance and user experience of Powered Exoskeletons.

Looking ahead, the prospects for the Powered Exoskeleton industry are promising. With a projected market size of approximately US$217 million in 2022 and a compound annual growth rate (CAGR) of 13%, the industry is expected to witness sustained demand and innovation. Factors such as the growing emphasis on workplace safety, the increasing aging population, and the continuous development of robotic technologies will drive the market's expansion.

However, challenges exist that need to be addressed to unlock the industry's full potential. These include overcoming regulatory hurdles and safety concerns, ensuring affordability and accessibility of Powered Exoskeletons, and addressing technical limitations such as battery life and weight constraints. Additionally, there is a need for standardization and interoperability to facilitate widespread adoption and interoperability among different systems and manufacturers.

Collaboration between manufacturers, end-users, regulatory bodies, and research institutions will be crucial in driving the growth and success of the industry. Continued investment in research and development, rigorous testing and certification processes, and user-centric design principles will foster innovation, improve safety, and encourage broader adoption of Powered Exoskeletons.

In conclusion, the Powered Exoskeleton industry is revolutionizing various sectors by augmenting human capabilities and addressing industry challenges. With a projected market size of approximately US$217 million in 2022 and a compound annual growth rate (CAGR) of 13%, the industry is poised for continued growth and innovation. Major global manufacturers are leading the way through their commitment to research, collaboration, and technological advancements. By addressing challenges and leveraging opportunities, the Powered Exoskeleton industry can contribute to improved workplace safety, enhanced military capabilities, and enhanced quality of life for individuals with mobility limitations.

The SWOT analysis of the Powered Exoskeleton industry is as follows:

Strengths:
Enhanced Human Capabilities: Powered Exoskeletons provide individuals with increased strength, endurance, and mobility, allowing them to perform physically demanding tasks more efficiently and safely.
Improved Worker Safety: Exoskeletons reduce the risk of musculoskeletal injuries and strains, enhancing workplace safety and reducing workers' compensation costs for industries such as manufacturing and construction.
Diverse Industry Applications: The Powered Exoskeleton industry serves a wide range of sectors, including manufacturing, military, healthcare, and more, providing solutions tailored to specific industry needs.
Technological Advancements: Continuous advancements in robotics, sensor technology, and materials drive innovation in the industry, resulting in improved performance, comfort, and usability of exoskeleton systems.

Weaknesses:
High Costs: Powered Exoskeletons can be expensive, limiting their affordability and accessibility for some potential users and industries.
Limited Battery Life: Current limitations in battery technology often result in limited operational time for exoskeletons, requiring frequent recharging or battery replacement.
Weight and Mobility Constraints: Some exoskeleton systems can be bulky and heavy, hindering the user's natural movements and flexibility.
Lack of Interoperability: Different manufacturers often use proprietary systems, making it challenging for users to switch between different exoskeleton models or integrate them into existing operations seamlessly.

Opportunities:
Growing Demand: The increasing focus on worker safety, aging populations, and rising labor costs create opportunities for exoskeleton adoption across industries.
Emerging Markets: Emerging economies present untapped markets for Powered Exoskeletons, as industries recognize the need for technological advancements to improve productivity and worker well-being.
Technological Advancements: Continued research and development efforts can lead to breakthroughs in battery life, lightweight materials, and advanced control systems, addressing current weaknesses and driving further industry growth.
Collaboration and Partnerships: Collaborative efforts between manufacturers, end-users, and research institutions can foster innovation, address industry challenges, and drive widespread adoption of exoskeleton technology.

Threats:
Regulatory Hurdles: The Powered Exoskeleton industry faces regulatory challenges in terms of safety standards and certifications, which may result in longer product development cycles and market entry barriers.
Competitor Landscape: Increasing competition among manufacturers may lead to price wars or commoditization of products, potentially impacting profitability and market share.
Safety Concerns: Despite advancements in safety features, concerns regarding user safety, including ergonomic design, long-term effects, and potential accidents, could impact industry growth.
Public Perception and Acceptance: Public acceptance and perception of Powered Exoskeletons may influence adoption rates, with concerns around job displacement, loss of human touch, or ethical implications.

Key players in global Powered Exoskeleton market include:
EKSO BIONICS
CHINA NORTH INDUSTRIES GROUP CORPORATION (NORINCO)
CYBERDYNE INC.
DAEWOO
HONDA
NOONEE
PARKER HANNIFIN
REX BIONICS
ATOUN INC.
BIONIC POWER
FANUC
GENERAL ATOMICS
LOCKHEED MARTIN
MYOMO INC.
ORTHOCARE INNOVATIONS
REHA TECHNOLOGY
REWALK
ROBOTDALEN
SARCOS

Market segmentation, by product types:
Full Body
Upper Body
Lower Body

Market segmentation, by applications:
Industry
Military
Health care
Others (space, shipping)


1 Industry Overview of Powered Exoskeleton

  • 1.1 Research Scope
  • 1.2 Market Segmentation by Types of Powered Exoskeleton
  • 1.3 Market Segmentation by End Users of Powered Exoskeleton
  • 1.4 Market Dynamics Analysis of Powered Exoskeleton
    • 1.4.1 Market Drivers
    • 1.4.2 Market Challenges
    • 1.4.3 Market Opportunities
    • 1.4.4 Porter’s Five Forces

2 Major Manufacturers Analysis of Powered Exoskeleton Industry

  • 2.1 EKSO BIONICS
    • 2.1.1 Company Overview
    • 2.1.2 Main Products and Specifications
    • 2.1.3 Powered Exoskeleton Sales Volume, Revenue, Price and Gross Margin (2018-2023)
    • 2.1.4 Contact Information
  • 2.2 CHINA NORTH INDUSTRIES GROUP CORPORATION (NORINCO)
    • 2.2.1 Company Overview
    • 2.2.2 Main Products and Specifications
    • 2.2.3 Powered Exoskeleton Sales Volume, Revenue, Price and Gross Margin (2018-2023)
    • 2.2.4 Contact Information
  • 2.3 CYBERDYNE INC.
    • 2.3.1 Company Overview
    • 2.3.2 Main Products and Specifications
    • 2.3.3 Powered Exoskeleton Sales Volume, Revenue, Price and Gross Margin (2018-2023)
    • 2.3.4 Contact Information
  • 2.4 DAEWOO
    • 2.4.1 Company Overview
    • 2.4.2 Main Products and Specifications
    • 2.4.3 Powered Exoskeleton Sales Volume, Revenue, Price and Gross Margin (2018-2023)
    • 2.4.4 Contact Information
  • 2.5 HONDA
    • 2.5.1 Company Overview
    • 2.5.2 Main Products and Specifications
    • 2.5.3 Powered Exoskeleton Sales Volume, Revenue, Price and Gross Margin (2018-2023)
    • 2.5.4 Contact Information
  • 2.6 NOONEE
    • 2.6.1 Company Overview
    • 2.6.2 Main Products and Specifications
    • 2.6.3 Powered Exoskeleton Sales Volume, Revenue, Price and Gross Margin (2018-2023)
    • 2.6.4 Contact Information
  • 2.7 PARKER HANNIFIN
    • 2.7.1 Company Overview
    • 2.7.2 Main Products and Specifications
    • 2.7.3 Powered Exoskeleton Sales Volume, Revenue, Price and Gross Margin (2018-2023)
    • 2.7.4 Contact Information
  • 2.8 REX BIONICS
    • 2.8.1 Company Overview
    • 2.8.2 Main Products and Specifications
    • 2.8.3 Powered Exoskeleton Sales Volume, Revenue, Price and Gross Margin (2018-2023)
    • 2.8.4 Contact Information
  • 2.9 ATOUN INC.
    • 2.9.1 Company Overview
    • 2.9.2 Main Products and Specifications
    • 2.9.3 Powered Exoskeleton Sales Volume, Revenue, Price and Gross Margin (2018-2023)
    • 2.9.4 Contact Information
  • 2.10 BIONIC POWER
    • 2.10.1 Company Overview
    • 2.10.2 Main Products and Specifications
    • 2.10.3 Powered Exoskeleton Sales Volume, Revenue, Price and Gross Margin (2018-2023)
    • 2.10.4 Contact Information
  • 2.11 FANUC
    • 2.11.1 Company Overview
    • 2.11.2 Main Products and Specifications
    • 2.11.3 Powered Exoskeleton Sales Volume, Revenue, Price and Gross Margin (2018-2023)
    • 2.11.4 Contact Information
  • 2.12 GENERAL ATOMICS
    • 2.12.1 Company Overview
    • 2.12.2 Main Products and Specifications
    • 2.12.3 Powered Exoskeleton Sales Volume, Revenue, Price and Gross Margin (2018-2023)
    • 2.12.4 Contact Information
  • 2.13 LOCKHEED MARTIN
    • 2.13.1 Company Overview
    • 2.13.2 Main Products and Specifications
    • 2.13.3 Powered Exoskeleton Sales Volume, Revenue, Price and Gross Margin (2018-2023)
    • 2.13.4 Contact Information
  • 2.14 MYOMO INC.
    • 2.14.1 Company Overview
    • 2.14.2 Main Products and Specifications
    • 2.14.3 Powered Exoskeleton Sales Volume, Revenue, Price and Gross Margin (2018-2023)
    • 2.14.4 Contact Information
  • 2.15 ORTHOCARE INNOVATIONS
    • 2.15.1 Company Overview
    • 2.15.2 Main Products and Specifications
    • 2.15.3 Powered Exoskeleton Sales Volume, Revenue, Price and Gross Margin (2018-2023)
    • 2.15.4 Contact Information
  • 2.16 REHA TECHNOLOGY
    • 2.16.1 Company Overview
    • 2.16.2 Main Products and Specifications
    • 2.16.3 Powered Exoskeleton Sales Volume, Revenue, Price and Gross Margin (2018-2023)
    • 2.16.4 Contact Information
  • 2.17 REWALK
    • 2.17.1 Company Overview
    • 2.17.2 Main Products and Specifications
    • 2.17.3 Powered Exoskeleton Sales Volume, Revenue, Price and Gross Margin (2018-2023)
    • 2.17.4 Contact Information
  • 2.18 ROBOTDALEN
    • 2.18.1 Company Overview
    • 2.18.2 Main Products and Specifications
    • 2.18.3 Powered Exoskeleton Sales Volume, Revenue, Price and Gross Margin (2018-2023)
    • 2.18.4 Contact Information
  • 2.19 SARCOS
    • 2.19.1 Company Overview
    • 2.19.2 Main Products and Specifications
    • 2.19.3 Powered Exoskeleton Sales Volume, Revenue, Price and Gross Margin (2018-2023)
    • 2.19.4 Contact Information

3 Global Powered Exoskeleton Market Analysis by Regions, Manufacturers, Types and End Users

  • 3.1 Global Sales Volume and Revenue of Powered Exoskeleton by Regions (2018-2023)
  • 3.2 Global Sales Volume and Revenue of Powered Exoskeleton by Manufacturers (2018-2023)
  • 3.3 Global Sales Volume and Revenue of Powered Exoskeleton by Types (2018-2023)
  • 3.4 Global Sales Volume and Revenue of Powered Exoskeleton by End Users (2018-2023)
  • 3.5 Selling Price Analysis of Powered Exoskeleton by Regions, Manufacturers, Types and End Users in (2018-2023)

4 Northern America Powered Exoskeleton Market Analysis by Countries, Types and End Users

  • 4.1 Northern America Powered Exoskeleton Sales Volume and Revenue Analysis by Countries (2018-2023)
  • 4.2 Northern America Powered Exoskeleton Sales Volume and Revenue Analysis by Types (2018-2023)
  • 4.3 Northern America Powered Exoskeleton Sales Volume and Revenue Analysis by End Users (2018-2023)
  • 4.4 United States Powered Exoskeleton Sales Volume, Revenue, Import and Export Analysis (2018-2023)
  • 4.5 Canada Powered Exoskeleton Sales Volume, Revenue, Import and Export Analysis (2018-2023)

5 Europe Powered Exoskeleton Market Analysis by Countries, Types and End Users

  • 5.1 Europe Powered Exoskeleton Sales Volume and Revenue Analysis by Countries (2018-2023)
  • 5.2 Europe Powered Exoskeleton Sales Volume and Revenue Analysis by Types (2018-2023)
  • 5.3 Europe Powered Exoskeleton Sales Volume and Revenue Analysis by End Users (2018-2023)
  • 5.4 Germany Powered Exoskeleton Sales Volume, Revenue, Import and Export Analysis (2018-2023)
  • 5.5 France Powered Exoskeleton Sales Volume, Revenue, Import and Export Analysis (2018-2023)
  • 5.6 UK Powered Exoskeleton Sales Volume, Revenue, Import and Export Analysis (2018-2023)
  • 5.7 Italy Powered Exoskeleton Sales Volume, Revenue, Import and Export Analysis (2018-2023)
  • 5.8 Russia Powered Exoskeleton Sales Volume, Revenue, Import and Export Analysis (2018-2023)
  • 5.9 Spain Powered Exoskeleton Sales Volume, Revenue, Import and Export Analysis (2018-2023)
  • 5.10 Netherlands Powered Exoskeleton Sales Volume, Revenue, Import and Export Analysis (2018-2023)

6 Asia Pacific Powered Exoskeleton Market Analysis by Countries, Types and End Users

  • 6.1 Asia Pacific Powered Exoskeleton Sales Volume and Revenue Analysis by Countries (2018-2023)
  • 6.2 Asia Pacific Powered Exoskeleton Sales Volume and Revenue Analysis by Types (2018-2023)
  • 6.3 Asia Pacific Powered Exoskeleton Sales Volume and Revenue Analysis by End Users (2018-2023)
  • 6.4 China Powered Exoskeleton Sales Volume, Revenue, Import and Export Analysis (2018-2023)
  • 6.5 Japan Powered Exoskeleton Sales Volume, Revenue, Import and Export Analysis (2018-2023)
  • 6.6 Korea Powered Exoskeleton Sales Volume, Revenue, Import and Export Analysis (2018-2023)
  • 6.7 India Powered Exoskeleton Sales Volume, Revenue, Import and Export Analysis (2018-2023)
  • 6.8 Australia Powered Exoskeleton Sales Volume, Revenue, Import and Export Analysis (2018-2023)
  • 6.9 Indonesia Powered Exoskeleton Sales Volume, Revenue, Import and Export Analysis (2018-2023)
  • 6.10 Vietnam Powered Exoskeleton Sales Volume, Revenue, Import and Export Analysis (2018-2023)

7 Latin America Powered Exoskeleton Market Analysis by Countries, Types and End Users

  • 7.1 Latin America Powered Exoskeleton Sales Volume and Revenue Analysis by Countries (2018-2023)
  • 7.2 Latin America Powered Exoskeleton Sales Volume and Revenue Analysis by Types (2018-2023)
  • 7.3 Latin America Powered Exoskeleton Sales Volume and Revenue Analysis by End Users (2018-2023)
  • 7.4 Brazil Powered Exoskeleton Sales Volume, Revenue, Import and Export Analysis (2018-2023)
  • 7.5 Mexico Powered Exoskeleton Sales Volume, Revenue, Import and Export Analysis (2018-2023)
  • 7.6 Argentina Powered Exoskeleton Sales Volume, Revenue, Import and Export Analysis (2018-2023)
  • 7.7 Colombia Powered Exoskeleton Sales Volume, Revenue, Import and Export Analysis (2018-2023)

8 Middle East & Africa Powered Exoskeleton Market Analysis by Countries, Types and End Users

  • 8.1 Middle East & Africa Powered Exoskeleton Sales Volume and Revenue Analysis by Countries (2018-2023)
  • 8.2 Middle East & Africa Powered Exoskeleton Sales Volume and Revenue Analysis by Types (2018-2023)
  • 8.3 Middle East & Africa Powered Exoskeleton Sales Volume and Revenue Analysis by End Users (2018-2023)
  • 8.4 Turkey Powered Exoskeleton Sales Volume, Revenue, Import and Export Analysis (2018-2023)
  • 8.5 Saudi Arabia Powered Exoskeleton Sales Volume, Revenue, Import and Export Analysis (2018-2023)
  • 8.6 South Africa Powered Exoskeleton Sales Volume, Revenue, Import and Export Analysis (2018-2023)
  • 8.7 Egypt Powered Exoskeleton Sales Volume, Revenue, Import and Export Analysis (2018-2023)

9 Marketing Channel, Distributors and Traders Analysis

  • 9.1 Marketing Channel
    • 9.1.1 Direct Channel
    • 9.1.2 Indirect Channel
  • 9.2 Distributors and Traders

10 Global Powered Exoskeleton Market Forecast by Regions, Countries, Manufacturers, Types and End Users

  • 10.1 Global Sales Volume and Revenue Forecast of Powered Exoskeleton by Regions (2024-2029)
  • 10.2 Global Sales Volume and Revenue Forecast of Powered Exoskeleton by Types (2024-2029)
  • 10.3 Global Sales Volume and Revenue Forecast of Powered Exoskeleton by End Users (2024-2029)
  • 10.4 Global Revenue Forecast of Powered Exoskeleton by Countries (2024-2029)
    • 10.4.1 United States Revenue Forecast (2024-2029)
    • 10.4.2 Canada Revenue Forecast (2024-2029)
    • 10.4.3 Germany Revenue Forecast (2024-2029)
    • 10.4.4 France Revenue Forecast (2024-2029)
    • 10.4.5 UK Revenue Forecast (2024-2029)
    • 10.4.6 Italy Revenue Forecast (2024-2029)
    • 10.4.7 Russia Revenue Forecast (2024-2029)
    • 10.4.8 Spain Revenue Forecast (2024-2029)
    • 10.4.9 Netherlands Revenue Forecast (2024-2029)
    • 10.4.10 China Revenue Forecast (2024-2029)
    • 10.4.11 Japan Revenue Forecast (2024-2029)
    • 10.4.12 Korea Revenue Forecast (2024-2029)
    • 10.4.13 India Revenue Forecast (2024-2029)
    • 10.4.14 Australia Revenue Forecast (2024-2029)
    • 10.4.15 Indonesia Revenue Forecast (2024-2029)
    • 10.4.16 Vietnam Revenue Forecast (2024-2029)
    • 10.4.17 Brazil Revenue Forecast (2024-2029)
    • 10.4.18 Mexico Revenue Forecast (2024-2029)
    • 10.4.19 Argentina Revenue Forecast (2024-2029)
    • 10.4.20 Colombia Revenue Forecast (2024-2029)
    • 10.4.21 Turkey Revenue Forecast (2024-2029)
    • 10.4.22 Saudi Arabia Revenue Forecast (2024-2029)
    • 10.4.23 South Africa Revenue Forecast (2024-2029)
    • 10.4.24 Egypt Revenue Forecast (2024-2029)

11 Industry Chain Analysis of Powered Exoskeleton

  • 11.1 Upstream Major Raw Materials and Equipment Suppliers Analysis of Powered Exoskeleton
    • 11.1.1 Major Raw Materials Suppliers with Contact Information Analysis of Powered Exoskeleton
    • 11.1.2 Major Equipment Suppliers with Contact Information Analysis of Powered Exoskeleton
  • 11.2 Downstream Major Consumers Analysis of Powered Exoskeleton
  • 11.3 Major Suppliers of Powered Exoskeleton with Contact Information
  • 11.4 Supply Chain Relationship Analysis of Powered Exoskeleton

12 Powered Exoskeleton New Project Investment Feasibility Analysis

  • 12.1 Powered Exoskeleton New Project SWOT Analysis
  • 12.2 Powered Exoskeleton New Project Investment Feasibility Analysis
    • 12.2.1 Project Name
    • 12.2.2 Investment Budget
    • 12.2.3 Project Product Solutions
    • 12.2.4 Project Schedule

13 Powered Exoskeleton Research Findings and Conclusion

    14 Appendix

    • 14.1 Research Methodology
    • 14.2 References and Data Sources
      • 14.2.1 Primary Sources
      • 14.2.2 Secondary Paid Sources
      • 14.2.3 Secondary Public Sources
    • 14.3 Abbreviations and Units of Measurement
    • 14.4 Author Details

    Summary:
    Get latest Market Research Reports on Powered Exoskeleton. Industry analysis & Market Report on Powered Exoskeleton is a syndicated market report, published as Global Powered Exoskeleton Market Report 2018-2029. It is complete Research Study and Industry Analysis of Powered Exoskeleton market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.

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