Exoskeleton Market Competitive Dynamics & Global Outlook 2026

Exoskeleton Market Competitive Dynamics & Global Outlook 2026

The research report on exoskeleton market, in substance, presents an exclusive understanding of the vast expanse of the business space in question. The report comprises a gist of the industry by means of providing an executive summary, industry insights, industry ecosystem analysis, market segmentation, and global trends. Furthermore, the study also provides deliverables pertaining to the regulatory and competitive landscapes and the strategic perspectives of various industry contenders with respect to the market.

The Wyss-ReWalk partnership inked in Q3 2017 sent out waves of anticipation across exoskeleton market, based on the premise of the fact that both the organizations have been striving toward helping people with physical impairments. Elaborating further, ReWalk recently made it to the headlines for working on an exoskeleton designed to enable stroke affected patients regain their mobility. In consequence, the firm signed a partnership with the Wyss Institute, Harvard, renowned for specializing in the development of innovative technology powered by biological design principles.

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Asia Pacific has been proclaimed to emerge as the next lucrative growth ground for exoskeleton market, given the robust demand for wearables in the region. The growing geriatric population in the continent, vulnerable to strokes and mobility issues, would demand the deployment of rehabilitation therapy procedures. This would subsequently necessitate the requirement of advanced exoskeletons designed to help patients with gait training and the like, thereby providing a boost to APAC exoskeleton market share.

Most of the companies headquartered in the Asia Pacific have reportedly been striving toward developing innovative products that would be deployed across the military and healthcare sectors. For instance, the South Korean automotive giant, Hyundai Motor Company, recently made it to the headlines for having developed an exoskeleton called the H-MEX (Hyundai Medical Exoskeleton), especially designed for paraplegics. Having debuted at the CES 2017, H-MEX is the firm’s first exoskeleton and is manufactured to allow patients paralyzed from below the waist to regain balance, in addition to improving the blood circulation among patients.

In yet another instance, a state-owned Chinese manufacturer, in the year 2018, launched military exosuits with the intention to boost the overall weight carrying capacity of the armed forces. In this regard, it is also prudent to mention that the China Shipbuilding Industry has deployed exoskeletons to be of help to shipyard workers, while military engineers have gone ahead and developed L-70 for their armed forces applications.

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Pertaining to the appreciable efforts undertaken by companies to come up with a unique product portfolio, APAC exoskeleton market size is likely to be worth a commendable remuneration by 2026. Economies such as Japan, China, India, and South Korea have also been investing heavily in R&D projects, subject to which Asia Pacific industry share has been projected to exhibit the highest growth rate over 2019-2026.

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