Exoskeleton Market To Grow At 18.0% Cagr By 2030 Due To Rapidly Growing Global Geriatric Population

Jyoti Waghmare20 May, 2022Health

The global exoskeleton market size was valued at USD 257.9 million in 2021 and is projected to reach USD 1.3 billion in terms of revenue and 26,114 units in terms of volume by 2030, expecting to expand at a compound annual growth rate (CAGR) of 18.0% during forecast period. In terms of volume, the market volume was 8,741 units is projected to expand at a CAGR of 11.0% from 2022 to 2030. The rapidly growing global geriatric population, rising adoption rates of medical devices in different industries such as automobile, military, defense, and construction, and rising incidence of stroke are some of the key driving forces responsible for the growth of the market.

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