Global Wearable Robotic Exoskeleton Market set to grow significantly by 2033

From GlobeNewswire: 2024-08-09 10:00:00

The Global Wearable Robotic Exoskeleton Market is set to skyrocket from USD 1.23 billion in 2023 to USD 41.48 billion by 2033, with a CAGR of 42.17%. These electromechanical devices are used for physical enhancement and motion recovery, with applications across healthcare, logistics, defense, and manufacturing industries. The powered segment is expected to dominate the market due to increased demand in the medical and industrial sectors. Additionally, the healthcare segment is projected to hold the largest share of the market. North America is expected to lead the market, with Asia Pacific growing at the fastest pace. Key players in the market include Svaya Robotics, German Bionic, and ReWalk Robotics Ltd. In March 2023, Hyderabad-based Svaya Robotics launched India’s first quadruped robot and wearable exoskeleton in partnership with two DRDO labs. The market segments include technology type, application, end user, and region. For more information, visit Spherical Insights & Consulting.



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