
North America Exoskeleton Robotic System Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Lower Body Exoskeleton, Upper Body Exoskeleton, and Full Body Exoskeleton) and Application (Healthcare, Defense, and Industrial)
Description
North America Exoskeleton Robotic System Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Lower Body Exoskeleton, Upper Body Exoskeleton, and Full Body Exoskeleton) and Application (Healthcare, Defense, and Industrial)
The North America exoskeleton robotic system market is expected to grow from US$ 584.63 million in 2022 to US$ 1,996.56 million by 2028; it is estimated to record a CAGR of 22.7% from 2022 to 2028.
Rising Incidence of Stroke and Musculoskeletal Disorders Drives North America Exoskeleton Robotic System Market Growth
Stroke continues to be a major public health concern, despite advancements in the medical industry. Even though the growing incidence of this noncommunicable disease threatens the larger population, stroke treatment and rehabilitation remain underdeveloped in the country. As per the Centers for Disease Control and Prevention, every year, more than 795,000 people in the US have a stroke, of which ~610,000 are first or new strokes. Further, stroke is the fifth-highest cause of deaths in the US, causing 147,810 deaths in 2018. Overall, there were an estimated 460,000 strokes in the US in 2019 (two-thirds were ischemic). The country reported 190,000 stroke-related deaths and 3.83 million stroke-disability-adjusted life years. Therefore, the rising incidence of stroke propels the demand for exoskeleton robotic systems for the rehabilitation of stroke patients. Furthermore, musculoskeletal disorders affect the mobility of an individual. The rising prevalence of musculoskeletal disorders, such as tendinitis, sarcopenia, osteopenia, and low back injuries, is expected to fuel the need for exoskeletal robotic systems. These exoskeletons robotic system assists the patients in managing their condition and regaining their mobility, thereby improving their overall quality of life. Thus, the rising prevalence of stroke and musculoskeletal disorders fuels the use of exoskeletal robotic systems for rehabilitation.
Exoskeleton Robotic System Market Overview
The North American exoskeleton robotic system market is segmented into the US, Canada, and Mexico. The US held the largest share of the market in 2021. In the region, the rising demand for orthopedic rehabilitation aided by economic prosperity fueled the production of exoskeleton robotic systems.
North America Exoskeleton Robotic System Market Revenue and Forecast to 2028 (US$ Million)
North America Exoskeleton Robotic System Market Segmentation
The North America exoskeleton robotic system market is segmented on the basis of type, application, and country. Based on type, the market is segmented into lower body exoskeleton, upper body exoskeleton, and full body exoskeleton. The lower body exoskeleton segment held the largest market share in 2022.
Based on application, the North America exoskeleton robotic system market is segmented into healthcare, defense, and industrial. The healthcare segment held the largest market share in 2022.
Based on country, the North America exoskeleton robotic system market is segmented into the US, Canada, and Mexico. The US dominated the market share in 2022.
Lockheed Martin Corp, Cyberdyne Inc., Panasonic Holdings Corp, Hocoma AG, ReWalk Robotics Inc., Ekso Bionics Holdings Inc., Parker Hannifin Corp., Myomo Inc., B-Temia Inc., and AlterG Inc. are among the leading companies operating in the North America exoskeleton robotic system market.
Reasons to Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America exoskeleton robotic system market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the North America exoskeleton robotic system market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth North America market trends and outlook coupled with the factors driving the North America exoskeleton robotic system market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
The North America exoskeleton robotic system market is expected to grow from US$ 584.63 million in 2022 to US$ 1,996.56 million by 2028; it is estimated to record a CAGR of 22.7% from 2022 to 2028.
Rising Incidence of Stroke and Musculoskeletal Disorders Drives North America Exoskeleton Robotic System Market Growth
Stroke continues to be a major public health concern, despite advancements in the medical industry. Even though the growing incidence of this noncommunicable disease threatens the larger population, stroke treatment and rehabilitation remain underdeveloped in the country. As per the Centers for Disease Control and Prevention, every year, more than 795,000 people in the US have a stroke, of which ~610,000 are first or new strokes. Further, stroke is the fifth-highest cause of deaths in the US, causing 147,810 deaths in 2018. Overall, there were an estimated 460,000 strokes in the US in 2019 (two-thirds were ischemic). The country reported 190,000 stroke-related deaths and 3.83 million stroke-disability-adjusted life years. Therefore, the rising incidence of stroke propels the demand for exoskeleton robotic systems for the rehabilitation of stroke patients. Furthermore, musculoskeletal disorders affect the mobility of an individual. The rising prevalence of musculoskeletal disorders, such as tendinitis, sarcopenia, osteopenia, and low back injuries, is expected to fuel the need for exoskeletal robotic systems. These exoskeletons robotic system assists the patients in managing their condition and regaining their mobility, thereby improving their overall quality of life. Thus, the rising prevalence of stroke and musculoskeletal disorders fuels the use of exoskeletal robotic systems for rehabilitation.
Exoskeleton Robotic System Market Overview
The North American exoskeleton robotic system market is segmented into the US, Canada, and Mexico. The US held the largest share of the market in 2021. In the region, the rising demand for orthopedic rehabilitation aided by economic prosperity fueled the production of exoskeleton robotic systems.
North America Exoskeleton Robotic System Market Revenue and Forecast to 2028 (US$ Million)
North America Exoskeleton Robotic System Market Segmentation
The North America exoskeleton robotic system market is segmented on the basis of type, application, and country. Based on type, the market is segmented into lower body exoskeleton, upper body exoskeleton, and full body exoskeleton. The lower body exoskeleton segment held the largest market share in 2022.
Based on application, the North America exoskeleton robotic system market is segmented into healthcare, defense, and industrial. The healthcare segment held the largest market share in 2022.
Based on country, the North America exoskeleton robotic system market is segmented into the US, Canada, and Mexico. The US dominated the market share in 2022.
Lockheed Martin Corp, Cyberdyne Inc., Panasonic Holdings Corp, Hocoma AG, ReWalk Robotics Inc., Ekso Bionics Holdings Inc., Parker Hannifin Corp., Myomo Inc., B-Temia Inc., and AlterG Inc. are among the leading companies operating in the North America exoskeleton robotic system market.
Reasons to Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America exoskeleton robotic system market.
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the North America exoskeleton robotic system market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth North America market trends and outlook coupled with the factors driving the North America exoskeleton robotic system market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
Table of Contents
113 Pages
- 1. Introduction
- 1.1 Scope of the Study
- 1.2 The Insight Partners Research Report Guidance
- 1.3 Market Segmentation
- 1.3.1 North America Exoskeleton Robotic System Market – by Type
- 1.3.2 North America Exoskeleton Robotic System Market – by Application
- 1.3.3 North America Exoskeleton Robotic System Market – by Country
- 2. North America Exoskeleton Robotic System Market – Key Takeaways
- 3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
- 4. North America Exoskeleton Robotic System Market – Market Landscape
- 4.1 Overview
- 4.2 PEST Analysis
- 4.2.1 North America PEST Analysis
- 4.3 Experts’ Opinion
- 5. North America Exoskeleton Robotic System Market – Key Market Dynamics
- 5.1 Market Drivers
- 5.1.1 Rising Incidence of Stroke and Musculoskeletal Disorders
- 5.1.2 Increasing Strategic Initiatives
- 5.2 Market Restraints
- 5.2.1 High Cost of Exoskeleton Robotic Systems and Unfavorable Reimbursement Scenario
- 5.3 Market Opportunities
- 5.3.1 Rising Applications in Military & Defense Sector
- 5.4 Future Trends
- 5.4.1 Increasing Technological Advancements and Rising Investments
- 5.5 Impact Analysis
- 6. Exoskeleton Robotic System Market – North America Analysis
- 6.1 North America Exoskeleton Robotic System Market Revenue Forecast and Analysis
- 7. North America Exoskeleton Robotic System Market – by Type
- 7.1 Overview
- 7.2 Exoskeleton Robotic System Market Revenue Share, by Type 2021 & 2028 (%)
- 7.3 Lower Body Exoskeleton
- 7.3.1 Overview
- 7.3.2 Lower Body Exoskeleton: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- 7.4 Upper Body Exoskeleton
- 7.4.1 Overview
- 7.4.2 Upper Body Exoskeleton: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- 7.5 Full Body Exoskeleton
- 7.5.1 Overview
- 7.5.2 Full Body Exoskeleton: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- 8. North America Exoskeleton Robotic System Market – by Application
- 8.1 Overview
- 8.2 Exoskeleton Robotic System Market, by Application 2021 & 2028 (%)
- 8.3 Healthcare
- 8.3.1 Overview
- 8.3.2 Healthcare: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- 8.4 Defense
- 8.4.1 Overview
- 8.4.2 Defense: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- 8.5 Industrial
- 8.5.1 Overview
- 8.5.2 Industrial: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- 9. North America Exoskeleton Robotic System Market – by Country Analysis
- 9.1 North America: Exoskeleton Robotic System Market
- 9.1.1 Overview
- 9.1.1.1 US: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.1.1 Overview
- 9.1.1.1.2 US: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.1.3 US: Exoskeleton Robotic System Market, by Type, 2019–2028 (US$ Million)
- 9.1.1.1.4 US: Exoskeleton Robotic System Market, by Application, 2019–2028 (US$ Million)
- 9.1.1.2 Canada: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.2.1 Overview
- 9.1.1.2.2 Canada: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.2.3 Canada: Exoskeleton Robotic System Market, by Type, 2019–2028 (US$ Million)
- 9.1.1.2.4 Canada: Exoskeleton Robotic System Market, by Application, 2019–2028 (US$ Million)
- 9.1.1.3 Mexico: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.3.1 Overview
- 9.1.1.3.2 Mexico: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.3.3 Mexico: Exoskeleton Robotic System Market, by Type, 2019–2028 (US$ Million)
- 9.1.1.3.4 Mexico: Exoskeleton Robotic System Market, by Application, 2019–2028 (US$ Million)
- 10. Exoskeleton Robotic System Market – Industry Landscape
- 10.1 Overview
- 10.2 Growth Strategies in Exoskeleton Robotic System Market
- 10.3 Organic Growth Strategies
- 10.3.1 Overview
- 10.4 Inorganic Growth Strategies
- 10.4.1 Overview
- 11. Company Profiles
- 11.1 Lockheed Martin Corp
- 11.1.1 Key Facts
- 11.1.2 Business Description
- 11.1.3 Products and Services
- 11.1.4 Financial Overview
- 11.1.5 SWOT Analysis
- 11.1.6 Key Developments
- 11.2 Cyberdyne Inc
- 11.2.1 Key Facts
- 11.2.2 Business Description
- 11.2.3 Products and Services
- 11.2.4 Financial Overview
- 11.2.5 SWOT Analysis
- 11.2.6 Key Developments
- 11.3 Panasonic Holdings Corp
- 11.3.1 Key Facts
- 11.3.2 Business Description
- 11.3.3 Products and Services
- 11.3.4 Financial Overview
- 11.3.5 SWOT Analysis
- 11.3.6 Key Developments
- 11.4 Hocoma AG
- 11.4.1 Key Facts
- 11.4.2 Business Description
- 11.4.3 Products and Services
- 11.4.4 Financial Overview
- 11.4.5 SWOT Analysis
- 11.4.6 Key Developments
- 11.5 ReWalk Robotics Inc
- 11.5.1 Key Facts
- 11.5.2 Business Description
- 11.5.3 Products and Services
- 11.5.4 Financial Overview
- 11.5.5 SWOT Analysis
- 11.5.6 Key Developments
- 11.6 Ekso Bionics Holdings Inc
- 11.6.1 Key Facts
- 11.6.2 Business Description
- 11.6.3 Products and Services
- 11.6.4 Financial Overview
- 11.6.5 SWOT Analysis
- 11.6.6 Key Developments
- 11.7 Parker Hannifin Corp
- 11.7.1 Key Facts
- 11.7.2 Business Description
- 11.7.3 Products and Services
- 11.7.4 Financial Overview
- 11.7.5 SWOT Analysis
- 11.7.6 Key Developments
- 11.8 Myomo Inc
- 11.8.1 Key Facts
- 11.8.2 Business Description
- 11.8.3 Products and Services
- 11.8.4 Financial Overview
- 11.8.5 SWOT Analysis
- 11.8.6 Key Developments
- 11.9 B-Temia Inc
- 11.9.1 Key Facts
- 11.9.2 Business Description
- 11.9.3 Products and Services
- 11.9.4 Financial Overview
- 11.9.5 SWOT Analysis
- 11.9.6 Key Developments
- 11.10 AlterG Inc
- 11.10.1 Key Facts
- 11.10.2 Business Description
- 11.10.3 Products and Services
- 11.10.4 Financial Overview
- 11.10.5 SWOT Analysis
- 11.10.6 Key Developments
- 12. Appendix
- 12.1 About The Insight Partners
- 12.2 Glossary of Terms
- LIST OF TABLES
- Table 1. US Exoskeleton Robotic System Market, by Type – Revenue and Forecast to 2028 (US$ Million)
- Table 2. US Exoskeleton Robotic System Market, by Application – Revenue and Forecast to 2028 (US$ Million)
- Table 3. Canada Exoskeleton Robotic System Market, by Type – Revenue and Forecast to 2028 (US$ Million)
- Table 4. Canada Exoskeleton Robotic System Market, by Application – Revenue and Forecast to 2028 (US$ Million)
- Table 5. Mexico Exoskeleton Robotic System Market, by Type – Revenue and Forecast to 2028 (US$ Million)
- Table 6. Mexico Exoskeleton Robotic System Market, by Application – Revenue and Forecast to 2028 (US$ Million)
- Table 7. Recent Organic Growth Strategies in Exoskeleton Robotic System Market
- Table 8. Recent Inorganic Growth Strategies in the Exoskeleton Robotic System Market
- Table 9. Glossary of Terms
- LIST OF FIGURES
- Figure 1. North America Exoskeleton Robotic System Market Segmentation
- Figure 2. North America Exoskeleton Robotic System Market, by Country
- Figure 3. North America Exoskeleton Robotic System Market Overview
- Figure 4. Lower Body Exoskeleton Segment Held Largest Share of Type Segment in Exoskeleton Robotic System Market
- Figure 5. US Expected to Show Remarkable Growth During Forecast Period
- Figure 6. North America: PEST Analysis
- Figure 7. North America Experts’ Opinion
- Figure 8. North America Exoskeleton Robotic System Market: Impact Analysis of Drivers and Restraints
- Figure 9. North America Exoskeleton Robotic System Market – Revenue Forecast and Analysis – 2020–2028
- Figure 10. North America Exoskeleton Robotic System Market Revenue Share, by Type 2021 & 2028 (%)
- Figure 11. Lower Body Exoskeleton: North America Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 12. Upper Body Exoskeleton: North America Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 13. Full Body Exoskeleton: North America Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 14. North America Exoskeleton Robotic System Market, by Application 2021 & 2028 (%)
- Figure 15. Healthcare: North America Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 16. Defense: North America Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 17. Industrial: North America Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 18. North America: Exoskeleton Robotic System Market, by Key Country – Revenue (2021) (US$ Million)
- Figure 19. North America: Exoskeleton Robotic System Market, by Country, 2021 & 2028 (%)
- Figure 20. US: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 21. Canada: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 22. Mexico: Exoskeleton Robotic System Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 23. Growth Strategies in Exoskeleton Robotic System Market
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