Status : Published Published On : Apr, 2024 Report Code : VRHC1283 Industry : Healthcare Available Format : Page : 197

Global Exoskeleton Market – Analysis and Forecast (2025-2030)

Industry Insights By Mobility (Stationary and Mobile), By Technology (Powered and Passive), By Extremity (Upper, Lower and Full body), By Enduse (Defense, Healthcare, Industrial and Others) and By Geography (North America, Asia-Pacific, Europe and Rest of the World)

Industry Overview

The Global Exoskeleton Market is expected to reach USD 5.2 billion in 2030 from USD 0.8  in 2023 billion with a compound annual growth rate CAGR of 39.8% throughout the forecast period (2025-2030).

An exoskeleton is a hard covering that supports and protects a skeleton that is on the exterior of an animal to both support the body shape and protect the internal organs. Global geriatric population and rising adoption rates of medical devices in different industries such as automobile, defense and construction along with incidence of stroke are some of the key driving forces responsible for the market growth. Furthermore, the growing incidence rate of spinal cord injuries (SCI) is expected to drive the demand across global markets.

Market Segmentation

Insight by Mobility

Based on the mobility, the Exoskeleton Market is segregated into stationary and mobile. The mobile segment led the market with the largest revenue share over the forecast period. Factors such as rise in research and development activities and a surge in demand for motor-equipped robots aiding human body mechanics are attributed to market growth.

Insight by Technology

On the basis of the technology, the Exoskeleton market is segmented into powered and passive. Among these, powered segment led the market due to the rising implementation of powered exoskeleton solutions in several industries to enhance personal safety and boost productivity.

Insight by Extremity

Based on the extremity, the Exoskeleton Market is divided into upper, lower and full body extremity. Lower body division dominated the market with a largest revenue shareas there is rise in investments and adoption rates of exoskeleton products by most of the paralyzed patients and geriatric population.

Insight by End use

Based on the end use, the Exoskeleton Market is classified into defence, healthcare, industrial and others. The healthcare segment dominated the market dominated the market owing to the rising incidence rate of spinal cord injuries (SCIs), widespread adoption of these products & solutions in rehabilitation centers, and significant surge in treatment numbers. Also the increasing number of regulatory approvals and rising awareness of technologically advanced systems are driving the demand & adoption of exoskeleton products in the healthcare industry.

Global Exoskeleton Market Report Coverage

Report Metric


Historical Period

2018 - 2023

Base Year Considered


Forecast Period

2025 - 2030

Market Size in 2023

U.S.D.  0.8 Billion

Revenue Forecast in 2030

U.S.D.  5.2 Billion

Growth Rate


Segments Covered in the Report

By Mobility, By Technology, By Extremity, By Enduse

Report Scope

Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling

Regions Covered in the Report

North America, Asia-Pacific, Europe and Rest of the World

Industry Dynamics

Growth Drivers

To support employee health and boost productivity, exoskeleton solutions are widely adopted across various industries. The industry growth is attributed to the rising adoption of AI and IoT-powered exosuits for rehabilitation purposes in the medical sector. Growing demand has led to appearance of several startups in exoskeleton technology and providing solutions for rehabilitation. Furthermore, constantly evolving exoskeleton industry is driving market players to build up innovative strategies to boost adoption over the forecast period. The most common musculoskeletal injuries affecting the construction industry are cumulative trauma disorders (CTD), occupational overuse syndrome (OOS) and repetitive strain injury (RSI). These are some of the driving factors boosting adoption of exoskeleton solutions owing to benefits associated with exoskeleton technology to reduce fatigue experienced by industrial workers.


The main constraint of the Exoskeleton Market is the high equipment cost during the forecast period. Powered exoskeletons are relatively more expensive than passive ones.

Geographic Overview

  • North America
  • Europe
  • Asia Pacific (APAC)
  • Rest of the World

North America dominated the market during the forecast period, owing to the rising expenditure on research activities, growing prevalence of disabled individuals, availability of technologically advanced products, increasing number of partnerships & collaborations and growing public & private support. Asia Pacific is also anticipated to register the fastest CAGR during the forecast period owing to growing patients who require rehabilitation support. Government support & funding, developing & advancing healthcare infrastructure are too driving the development & market growth in Asia Pacific.

Key Players Covered in the Report

Some of the key players of the global Exoskeleton Market are Lockheed Martin Corporation, Lifeward Inc., Parker Hannifin Corporation, Ekso Bionics, Hocoma, Hyundai Motor Company, ReWalk Robotics, Rex Bionics Plc., Wandercraft SAS, Cyberdyne, Inc.,  ActiveLink (Panasonic Corporation)

Recent Development by Key Players

Wandercraft SAS has started its commercial operations of its exoskeleton, Atalante X, in the U.S., to offer another solution to various people living with mobility impairments. The company has collaborated with the Kessler Foundation whose research team shall investigate the possible benefits of the Atalante X for neurologically impaired patients, including those recovering from spinal cord injuries, stroke, and motor neuron disease.

ReWalk Robotics, which makes exoskeletons to help paraplegics walk again, has expanded into the Canadian market. The ReWalk wearable robotic device provides powered hip and knee motion for people with a spinal cord injury (SCI), allowing them to stand walk, turn, upright and climb up and down stairs. 

The global Exoskeleton Market report offers a comprehensive market segmentation analysis along with estimation for the forecast period 2025–2030.

Segments Covered in the Report

  • By Mobility
    • Stationary
    • Mobile
  • By Technology
    • Powered
    • Passive
  • By Extremity
    • Upper
    • Lower
    • Full body
  • By Enduse
    • Defense
    • Healthcare
    • Industrial
    • Others

Region Covered in the Report

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia-Pacific (APAC)
    • China
    • Japan
    • India
  • Rest of the World
    • Brazil
    • Saudi Arabia
    • South Africa
    • U.A.E
    • Other Countries

Exoskeleton Market Size

Source: VynZ Research

Exoskeleton Market Analysis

Source: VynZ Research

Frequently Asked Questions

The Global Exoskeleton Market is projected to reach USD 5.2 billion in 2030 from USD 0.8 billion in 2023, with a compound annual growth rate (CAGR) of 39.8% throughout the forecast period (2025-2030).
Factors such as employee health support, productivity enhancement, AI and IoT-powered exosuits for rehabilitation, emergence of startups in exoskeleton technology, and benefits for reducing fatigue in industrial workers are key drivers of market growth.
North America led the market during the forecast period, while Asia Pacific is expected to register the fastest CAGR, driven by factors like government support, healthcare infrastructure development, and growing patient rehabilitation needs.
Key players in the market include Lockheed Martin Corporation, Ekso Bionics, Hyundai Motor Company, ReWalk Robotics, among others, who are actively involved in the development and commercialization of exoskeleton solutions.

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Research Methodology

  •  Desk Research / Pilot Interviews
  •  Build Market Size Model
  •  Research and Analysis
  •  Final Deliverabvle


Key Takeaways