Exoskeleton The global medical exoskeleton market accounted to US$ 96.7 Mn in 2018 and is expected to grow at a CAGR of 29.4% during the forecast period 2019-2027, to account to US$ 1,023.0 Mn by 2027. The global exoskeleton market size is anticipated to reach USD 4.2 billion by 2027, expanding at a CAGR of 26.3% over the forecast period. Global Exoskeleton Market is expected to reach USD 8,300.00 Million by 2025 from USD 528.30 Million in 2017, at a CAGR of 41.2% in the forecast period 2018 to 2025. Medical exoskeleton market is expected to account to USD 1,906.05 million by 2027 expanding at a rate of 35.15% in the forecast period of 2020 to 2027. The Exoskeleton Market is expected to exceed more than US$2.5 Billion by 2024 at a CAGR of 24% in the given forecast period. Global exoskeleton revenues will reach $5.8 billion by 2028, driven by the deployment and adoption of passive exoskeletons that help augment capabilities of human workers. ABI Research stated that the total addressable market for industrial exoskeletons exceeds 2.6 million units and that shipments will grow from 7,000 units in 2018 to 301,000 by 2028, with revenue of $5.8 billion by 2028. Lower extremity medical exoskeletons are expected to dominate the market in 2018. The medical exoskeleton market is segmented by type into powered and passive exoskeletons: In 2018, the powered exoskeleton segment is expected to dominate the market. In 2018, North America is expected to dominate the exoskeleton market. Within 25 years soldiers will use exoskeletons to enhance battlefield performance. The Exoskeleton Market for full body exoskeletons is expected to grow at the highest CAGR between 2017 and 2023. Exoskeleton Market is forecast to reach$ 2,810.5 million by 2023 from $299.8 million in 2017 at a CAGR of 45.2% during (2017-2023) driven by growing demand from healthcare sector for robotic rehabilitation. Powered exoskeletons will become ubiquitous for industrial applications around the world. Investments in developing products for enhancing physical strength of industrial workers will augment the exoskeleton market size from 2016 to 2024. GM is exploring the use of electronic exoskeleton suits and other wearable robots that could be used as tools for GM workers. The market size for medical, commercial and industrial exoskeletons is estimated at around $225 million and is expected to grow to $3.37 billion by 2021. Recently DARPA made news for developing a computerized exoskeleton that could turn a combatant into a super soldier. Once implanted into a blood vessel next to the motor cortex, the brain's control centre, it will pick up brain signals and allow patients to move a robotic exoskeleton attached to their limbs simply by thinking about it. People with disabilities will use advanced technologies such as exoskeletons and powered prosthetic limbs. Exoskeletons could be used to help firefighters and other rescue workers survive dangerous environments. By 2020, the annual US revenue of exoskeleton technology will reach about $292 million. Exoskeleton technology could be able to sense muscle fatigue and adapt to its form and structure. See full forecast Last updated: 09 August 2020 Hi, Would you like a quick online demo of our service from an experienced member of our team? Yes No
