Wearable Robotic Exoskeleton Market Size, Share, Growth Analysis, By Type(Full Body, Upper Body, Lower Body), By End-User(Industrial, Defense, Healthcare, Others), By Region - Industry Forecast 2024-2031

Global Wearable Robotic Exoskeleton Market size was valued at USD 671.6 million in 2019 and is poised to grow from USD 952.5 million in 2023 to USD 11995.7 million by 2031, growing at a CAGR of 43.6% in the forecast period (2024-2031).

Wearable robotic exoskeleton market growth has been accelerated by the demand for machines and robots for efficient rehabilitation therapy. The natural human movements that are lost due to neuromuscular dysfunctions are greatly expanded and repaired using these devices. Exosuits are also highly utilized by elderly people as well as the manufacturing, construction, and logistics industries. This is because they are incredibly capable of assisting any body part support application. Despite being in the early stages of development, wearable robotic technology is expected to be widely adopted by a range of end-user industries worldwide. The industry has seen a lot of R&D activity and product launches over the last three years. Exoskeletons are predicted to become the next big thing in assistive and rehabilitation technologies as a result of ongoing developments and improvements in the wearable robotics sector.

Many countries are thriving in their growth strategies supporting automation. For Instance, Startups in India's smart exoskeleton sector are putting more of an emphasis on wearable gadgets that facilitate mobility. With its devices that support rehabilitation for limb weakness brought on by spinal cord injury (SCI), traumatic brain injury (TBI), and other injuries, GenElek Technologies, an Indian-based supplier of externally based robotic support systems, is gaining notoriety. Such developments serve as a catalyst for the predicted explosive CAGR of 32.7 percent for the worldwide smart exoskeleton market over the forecast period.

Manufacturers are increasing the number of externally worn robotic support systems they can produce to help persons with disabilities regain their ability to walk. Startups in India's smart exoskeleton sector are putting more of an emphasis on wearable gadgets that facilitate mobility. With its devices that support rehabilitation for limb weakness brought on by spinal cord injury (SCI), traumatic brain injury (TBI), and other injuries, GenElek Technologies, an Indian-based supplier of externally based robotic support systems, is gaining notoriety. Such developments serve as a catalyst for the predicted explosive CAGR of 32.7% for the worldwide smart exoskeleton market over the forecast period.

Manufacturers are increasing the number of externally worn robotic support systems they can produce to help persons with disabilities regain their ability to walk.

US Wearable Robotic Exoskeleton Market is poised to grow at a sustainable CAGR for the next forcast year.