Smart Exoskeleton Market to Grow with a CAGR of 10.32% through 2030

Increasing adoption of smart exoskeletons among various industries and growing military & defense sector is expected to drive the Global Smart Exoskeleton Market growth in the forecast period, 2026-2030.

According to TechSci Research report, “Smart Exoskeleton Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2030F”, the Global Smart Exoskeleton Market stood at USD 254.17 million in 2024 and is anticipated to grow with a CAGR of 10.32% in the forecast period through 2030. The market expansion of orthopedic rehabilitation is being driven by a growing demand from the healthcare sector, as well as increased investments in exoskeletons from the military and defense sectors. Furthermore, the use of exoskeletons in industries like automobiles and construction is expected to further fuel this expansion. Factors such as the increasing prevalence of stroke, the growing acceptance of exoskeletons, and the global rise in the geriatric population are anticipated to have a significant impact on market growth throughout the forecast period.

The rising incidence of physical disabilities and neurological disorders is expected to drive the growth of the target market in the forecast years. Additionally, the increasing geriatric population, along with the growing demand for minimally invasive procedures and the rising incidences of fall-related injuries among the elderly, are also contributing factors to the market's growth over the next decade. Major manufacturers are currently focusing on obtaining FDA and other regulatory authority approvals for their products in order to market them in different regions globally. These trends are significant observations in the target market. For example, in January 2018, Cyberdyne Inc., a Japan-based robotics company, received approval from the US Food and Drug Administration and launched the Hybrid Assistive Limb lower-body exoskeleton for users in the US through licensed medical facilities.

The utilization of robotic treatment is increasingly gaining popularity in the healthcare industry, driving the market's growth. Robot-assisted therapy systems are being widely used in rehabilitation processes due to their numerous benefits, including the ability to perform repetitive movements during goal-directed tasks, evaluate different physiological and functional parameters, improve motivation, and assist with home exercises and training. Robots are extensively employed to aid in the recovery of patients who have experienced strokes and other serious neurological illnesses. The market for rehabilitation robots is rapidly expanding. According to the IFR's World Robotics 2019 – Service Robots report, 2,400 rehabilitation robots were sold in 2018, marking an 83% increase compared to 2017.

Robot devices offer advantages over therapist-guided rehabilitation exercises as they ensure consistent and repetitive movements, training the brain to allow muscles to carry out the movements independently. Additionally, robot-assisted rehabilitation allows for a larger number of repetitions per session. The robots capture data on the patient's performance, enabling therapists and doctors to accurately analyze improvement.

Several studies have shown that robot-assisted therapy leads to faster recovery compared to unassisted therapy, as it facilitates very accurate and repetitive movements. This approach also enhances safety for both the patient and therapist, as the therapist can perform more precise and targeted training sessions. The use of exoskeletons for rehabilitation purposes has increased, driven in part by the growing number of people with physical limitations, particularly among the elderly. In Eastern and South-Eastern Asia, the percentage of the population aged 65 and older doubled from 6% in 1990 to 11% in 2019. Similarly, in Latin America and the Caribbean, it increased from 5% in 1990 to 9% in 2019. The proportion of older people is projected to more than double between 2019 and 2050 in four regions: Northern Africa and Western Asia, Central and Southern Asia, Latin America and the Caribbean, and Eastern and South-Eastern Asia. This indicates a larger potential user base for humanoid robots. However, the primary challenges in the development and regulation of medical devices are user safety and device reliability. Manufacturers' technical design abilities and knowledge play a crucial role during product testing, as medical equipment malfunctions could have fatal consequences. Therefore, exoskeletons designed for healthcare applications must undergo extensive testing. These issues may impede the market's growth.

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Global Smart Exoskeleton Market.”

Global Smart Exoskeleton Market is segmented into component, type, product type, body type, application, regional distribution, and company.

Based on Application, the healthcare application segment is witnessing the fastest growth among all end-use categories. This growth is largely driven by the increasing need for advanced rehabilitation tools and mobility assistance for patients with physical disabilities or neurological disorders. Smart exoskeletons are increasingly being adopted in medical settings to aid patients recovering from strokes, spinal cord injuries, or age-related mobility challenges. These devices offer enhanced precision and adaptability compared to traditional physiotherapy methods, leading to faster recovery outcomes and improved patient independence. Healthcare providers are also turning to smart exoskeletons as part of long-term care strategies for the elderly and individuals with chronic conditions. As the global population continues to age, demand for such assistive technologies is rising significantly. Furthermore, hospitals and rehabilitation centers are recognizing the value of exoskeletons in reducing the burden on caregivers and improving overall efficiency in patient handling.

Based on region, Asia-Pacific is witnessing the fastest growth in the global smart exoskeleton market. This rapid expansion can be attributed to a combination of demographic, technological, and economic factors. Countries in this region are experiencing a rising demand for advanced healthcare solutions due to aging populations and a growing prevalence of mobility-related disorders. As a result, smart exoskeletons are being increasingly adopted in rehabilitation centers and hospitals across nations like Japan, South Korea, China, and India. Furthermore, the region is becoming a global hub for robotics and wearable technology research. Governments and private companies are investing heavily in innovation, particularly in assistive and industrial robotics. The growing emphasis on workplace safety, especially in manufacturing and logistics sectors, has further accelerated the demand for exoskeletons that can reduce physical strain on workers. In addition, the relatively lower cost of manufacturing in several Asia-Pacific countries has encouraged local production and assembly of smart exoskeletons, making them more accessible and affordable. Combined with improving healthcare infrastructure and rising awareness about rehabilitation technologies, this has positioned Asia-Pacific as the fastest-growing regional market. The region's blend of technological advancement, economic growth, and healthcare transformation continues to drive its upward trajectory in the global smart exoskeleton landscape.

Major companies operating in Global Smart Exoskeleton Market are:

• ATOUN Inc.
• Cyberdyne Inc.
• Ekso Bionics Holdings Inc.
• Rewalk Robotics, Inc.
• Bionik Laboratories Corp.
• Parker-Hannifin Corp.
• Bioservo Technologies AB
• Rex Bionics Ltd.
• Bioness Inc.
• B-Temia Inc.

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“The increasing demand for exoskeletons in rehabilitation centers, coupled with the growing industrial activities worldwide, are key drivers of market growth. The development of motor-equipped robots to aid in human body mechanics is another significant factor contributing to this growth. Furthermore, the rising prevalence of heart strokes, spinal cord injuries, and paralysis among patients has led to an increased demand for exoskeletons in the healthcare sector. The exoskeleton system market is experiencing a boost in adoption rates across military and industrial sectors. These systems are custom fitted to specific body parts and constructed using materials such as fiberglass, carbon fiber, and aluminum, depending on the required strength. Moreover, they effectively provide support to multiple joints and can detect human movements to initiate appropriate responses from the exoskeleton actuators, thus further driving the demand for these products in the military and industrial sectors”, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“Smart Exoskeleton Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Component (Actuators, Power Source, Control System, Sensors, Others), By Type (Rigid, Soft), By Product Type (Active, Passive), By Body Part (Upper body, Lower body, Full body), By Application (Healthcare, Industrial, Military, Others), By Region and Competition, 2020-2030F”, has evaluated the future growth potential of Global Smart Exoskeleton Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Smart Exoskeleton Market.

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