Data Bridge Market Research analyses that the Ultra-Soft Exoskeleton Market was valued at USD 4.66 billion in 2021 and is expected to reach the value of USD 9.08 billion by 2029, at a CAGR of 8.70% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

New symptoms caused by evolving coronavirus strains are extending the global economy's recovery period. As a result, manufacturers in the soft exoskeleton market are scrambling for alternative revenue streams, such as increasing the availability of industrial smart exoskeleton, because critical industries such as healthcare, pharma, FMCG, and F&B are operating at breakneck speed.

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Global Ultra Soft Exoskeleton Market Drivers

  • adoption of robotic technologies in health care sector

One of the major factors fostering the growth of the ultra-soft exoskeleton market is the increasing demand for robotic rehabilitation by the healthcare sector, combined with increased expenditure in the development of healthcare infrastructure, particularly in developing economies. Other indirect ultra-soft exoskeleton market growth determinants include a growing emphasis on technological advancements in the field of robotic technologies, as well as induced investments for research and development capabilities in robotics by major players.

  • Technological advancements and adoption in industrial processes

The increasing focus of manufacturers on technological advancements and innovations, the increasing application of full body soft exoskeleton in industrial processes, and the rising application of ultra-soft exoskeleton for a wide range of applications such as industrial, military, sports, mining, construction, manufacturing, and others are the major factors driving the ultra soft exoskeleton market growth.

Some of the major players operating in the ultra soft exoskeleton market are:

  • ReWalk Robotics Ltd. (Israel)
  • Lockheed Martin Corporation (U.S.)
  • Parker Hannifin Corporation (U.S.)
  • Ekso Bionics Holdings, Inc. (U.S.)
  • Hyundai Motor Company (South Korea)
  • Bionik Laboratories Corporation (U.S.)
  • Myomo, Inc. (U.S.)
  • Honda Motor Co. Ltd. (Japan)
  • Technaid. S.L. (Spain)
  • Gogoa Mobility Robots SL (Spain)
  • Suitx Inc. (U.S.)
  • Otto Bock HealthCare GmbH (Germany)
  • Wearable Robotics SRL (Italy)
  • DIH Technologies Corporation (Switzerland)
  • B-Temia Inc. (U.S.)

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Global Ultra Soft Exoskeleton Market Scope

Component 

  • Hardware
  • Software

Application

  • Upper Limbs
  • Lower Limbs
  • Full Body

Vertical 

  • Industrial
  • Healthcare
  • Military
  • Others

Ultra Soft Exoskeleton Market Regional Analysis/Insights

The countries covered in the ultra soft exoskeleton market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

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