United States smart exoskeleton market is expected to grow at a significant rate during the forecast period. Increase in geriatric population suffering from musculoskeletal injuries and neurological disorders is contributing to the smart exoskeleton market growth due to high demand for effective rehabilitation tools. Advantages of smart exoskeleton over the traditional exoskeleton such as ability to move the body according to the needs of real time environment. Smart exoskeletons consume less amount of energy as it can measure the amount of energy required for functioning of the body by monitoring the breathing patterns and adjusting the body by minimizing the human energy expenditure. United States has a strong economic presence and well-developed healthcare infrastructure which is further fueling the smart exoskeleton market growth. Supportive government policies to promote the healthcare sector by proving reimbursement policies to expand the reach of healthcare services to every sector of the society. Rise in reimbursement medical coverage for medical exoskeleton and increase in number of people suffering from physical disabilities is expected to foster the demand of smart exoskeleton market in United States. Increase in especially abled people and occurrence of weakness of limbs in people either due to spinal cord injuries or traumatic brain injuries is boosting the demand for smart exoskeletons to assist people to walk again.
United States smart exoskeleton market is segmented into
The major players operating in the United States smart exoskeleton market are Ekso Bionics Holdings Inc., ReWalk Robotics, Inc., Sarcos Corp., U.S. Bionics, Inc., Otto Bock USA, Lockheed Martin Corporation, Raytheon Company, Parker Hannifin Corporation, American Honda Motor Company, Inc., Myomo, Inc., among others. Major companies are developing advanced technologies and launching new services to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new service developments.
Objective of the Study
- To analyze the historical growth of the market size of United States smart exoskeleton market from 2017 to 2020.
- To estimate and forecast the market size of United States smart exoskeleton market from 2021 to 2027 and growth rate until 2027.
- To classify and forecast United States smart exoskeleton market based on component, type, product type, body part, application, regional distribution, and company.
- To identify dominant region or segment in the United States smart exoskeleton.
- To identify drivers and challenges for United States smart exoskeleton market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in United States smart exoskeleton market.
- To identify and analyze the profile of leading players operating in United States smart exoskeleton market.
- To identify key sustainable strategies adopted by market players in United States smart exoskeleton market.
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Market insights research performed both primary as well as exhaustive secondary research for this study. Initially, Market insights research sourced a list of manufacturers across the globe. Subsequently, Market insights research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Market insights research could include the manufacturers who could not be identified due to the limitations of secondary research. Market insights research analyzed the manufacturers, distribution channels and presence of all major players across the globe.
Market insights research calculated the market size of
Key Target Audience
- Smart exoskeleton manufacturing companies
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums, and alliances related to smart exoskeleton market.
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
| Attribute | Details |
| Base Year | 2021 |
| Historical Years | 2017 – 2020 |
| Estimated Year | 2022E |
| Forecast Period | 2023F – 2027F |
| Quantitative Units | Revenue in USD Million and CAGR for 2017-2021 and 2022E-2027F |
| Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | · Component · Type · Body Type · Product Type |
| Region Scope | South-Region, West-Region, Mid-West Region & Northeast-Region |
| Key Companies Profiled | Ekso Bionics Holdings Inc., ReWalk Robotics, Inc., Sarcos Corp., U.S. Bionics, Inc., Otto Bock USA, Lockheed Martin Corporation, Raytheon Company, Parker Hannifin Corporation, American Honda Motor Company, Inc., Myomo, Inc. |
| Customization Scope | 10% free report customization with purchase. Addition or alteration to regional & segment scope. |
| Pricing and Purchase Options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
