Exoskeleton Market Share

North American Market Forecast  

The exoskeleton market in North America industry is predicted to dominate majority revenue share of 30% by 2037. The growth of the region can be impelled by the growing adoption of emerging technology such as exoskeleton. Approximately 7 out of 10 people in America consider exoskeleton as a developing technology working in benefit to improve themselves and their daily activities. Moreover, there has been growing awareness regarding this emerging technology among people which is also estimated to boost market growth. Additionally, growth in the market has been aided by the presence of major industry players in the North American region and an increase in R&D efforts to introduce new innovations. The North American government's large military and healthcare expenditures have also contributed to the market's growth.

APAC Market Analysis

The Asia Pacific exoskeleton market is also projected to have significant growth with a 25 percent share by the end of 2037. Though robotic exoskeleton application is presently modest in the Asia-Pacific robotic exoskeleton industry, however, they are expected to provide substantial growth potential in the coming years. With increased economic development and population growth in this region, the exoskeleton market is expanding significantly. This region offers substantial growth potential for market participants as it includes some of the most technologically advanced nations in the world, including China, India, and South Korea. Furthermore, the presence of a substantial patient pool, a rise in disposable income, and the accessibility of government funding are all expected to encourage the growth of the Asia Pacific market throughout the course of the projected period.