Exoskeleton Market worth $3,340 million by 2026
iCrowd Newswire
According to a research report
"Exoskeleton Market with COVID-19 Impact by Type (Powered, Passive), Component (Hardware, Software), Mobility, Body Part (Lower Extremities, Upper Extremities, Full Body), Vertical (Healthcare, Defense, Industrial) and Region - Global Forecast to 2026", published by MarketsandMarkets™, the Exoskeleton Market is valued at USD 499 million in 2021 and is projected to reach USD 3,340 million by 2026; it is expected to grow at a CAGR of 46.2% from 2021 to 2026.
Factors such as the increasing adoption of human augmentation in industrial and military sectors, the introduction of soft actuators, and growing insurance coverage for exoskeletons are likely to provide opportunities for market growth.