Exoskeleton Market Revolution: Innovative Robotics Propel Growth to New Heights
The global exoskeleton market is poised for substantial growth, expected to increase from USD 387 billion in 2023 to an estimated USD 1663 billion by 2033, with a compound annual growth rate (CAGR) of 15.7%. This expansion is driven by advancements in robotic technologies and increasing applications across healthcare, military, and industrial sectors. Key growth factors include the rising geriatric population, advancements in robotics, and a growing emphasis on rehabilitation aids and human augmentation devices. However, the market faces challenges such as high costs of devices and the need for more robust safety regulations. North America holds the largest share…
- Date: May 13, 2024
- Author: Robert Shaw
- Category: PharmiWeb