Global Soft Exoskeleton Market was valued at USD 0.3 Billion in 2022 and is projected to reach USD 0.9 Billion by 2030, growing at a CAGR of 14.1% from 2024 to 2030.
The soft exoskeleton market is rapidly evolving, offering a promising solution to enhance human performance and mobility. These wearable devices, often constructed from lightweight materials like fabric and flexible polymers, have become increasingly popular in fields ranging from rehabilitation to industrial work. Unlike rigid exoskeletons, soft exoskeletons provide users with greater flexibility and comfort, making them ideal for those who need assistance with physical tasks or those recovering from injuries.
Soft exoskeletons function by utilizing advanced sensors and actuators to support and enhance the wearer's movements. The global market for these technologies is expected to grow significantly, driven by an aging population, increased focus on rehabilitation technology, and growing interest in enhancing human capabilities in the workplace. By 2030, the market is projected to surpass several billion dollars, with Asia-Pacific emerging as a major hub for innovation and production.
One of the key drivers of this market is the rising demand for mobility assistance devices. As more people experience physical impairments due to aging or injury, soft exoskeletons provide an accessible and effective solution. These devices are being widely used in physical therapy to aid patients recovering from stroke or spinal cord injuries, offering significant improvements in patient mobility and quality of life.
Furthermore, soft exoskeletons are also being implemented in industries such as construction, logistics, and healthcare, where they assist workers by reducing fatigue and preventing injury during physically demanding tasks. For instance, warehouse workers are now using soft exoskeletons to lift heavy boxes with ease, reducing the risk of musculoskeletal injuries.
The market is poised for rapid growth, but challenges remain. Key issues include cost barriers, regulatory hurdles, and ensuring widespread accessibility. As the technology matures and costs decrease, soft exoskeletons are expected to become more common in both medical and industrial settings, offering enhanced mobility and productivity solutions.
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Roam Robotics
Bioservo Technologies AB
Daiya Industry
Ekso Bionics
ReWalk Robotics
Defence Science and Technology Organization (DSTO)
Gogoa
Harvard Biodesign Lab
Otherlab Orthotics
SRI International
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Soft Exoskeleton Market
Industrial
Military
Healthcare
Based on Types the Market is categorized into Below types that held the largest Soft Exoskeleton market share In 2023.
Full Body
Upper & Lower Body
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Global, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Soft Exoskeleton Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Soft Exoskeleton Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Soft Exoskeleton Market, By Type
6. Global Soft Exoskeleton Market, By Application
7. Global Soft Exoskeleton Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Soft Exoskeleton Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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