Data Bridge Market Research analyses that the sports exoskeleton market is expected to reach USD 1,702,581.11 thousand by 2030, at a CAGR of 37.5% during the forecast period. The sports exoskeleton market report also covers pricing analysis, patent analysis and technological advancements in depth.

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Key Players Mentioned in the North America, Europe and Asia-Pacific Sports Exoskeleton Market Research Report:

ROAM ROBOTICS, ReWalks Robotics, Rex Bionics Ltd., Ski Mojo, Againer, Ekso Bionics, ExoAtlet, CYBERDYNE INC., Hocoma, Laevo BV, Hyundai Motor Group TECH, among others

Recent Developments

• In October 2022, Ekso Bionics launched a robotic exoskeleton as a better rehabilitation solution for patients. The product will help to provide all the powers a patient need. The solution launch will help the company to provide the rehabilitation center with the best possible assistance device. The company will be able to expand their solution portfolioIn October, ExoAtlet announced the expansion of its rehabilitation center in Turkey. The center is built to start new courses for all patients who need rehabilitation services. Expansion will help the patients to recover quickly with the best exoskeleton devices.

Driver/ Opportunities

• Rise in the penetration of artificial intelligence and cloud-based technology in the exoskeleton

There has been a rise in sports activities, such as the Paralympic game, across the globe, creating a surge in demand for exoskeletons for sportspersons having a disability. The advanced exoskeleton features, such as a strong support system for muscles, durability, customization and environment-friendliness, further attract more customers. Therefore, the demand for artificial-built exoskeleton devices is anticipated to increase further over the forecast period.

• Rise in the prevalence of strokes, spinal cord injuries and paralysis

An increase in demand for wearable exoskeleton equipment globally and a rise in awareness about the health benefits, such as Paexo Thumb, create more demand for the product. Participation of disabled athletes and the need for support to avoid major injuries has tremendously fuelled the exoskeleton market and it is anticipated to drive further over the forecast period.

Restraints/Challenges

• Lack of technological advancement

A hindrance to the growth of this market could be the increasing demand for sustainable development. Exoskeletons often extract more strength from human body muscles than can be replenished quickly. But this effect can be buffered by bringing strict regulations globally.

• Less manufacturing plants in various developed and developing countries

The sports exoskeleton market offers several beneficial factors, such as health benefits and increased capacity, with a high investment cost. The healthcare industry is a cost-intensive affair and the products may span multiple years. This may restrain the growth of the Sports exoskeleton market.

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