Smart Exoskeleton Market Size to Reach $3.5 Billion and Growing at 32.7% CAGR By 2031

Healtcareresearch14 Jan, 2022Health

According to the report, the global smart exoskeleton market was valued at ~US$ 200 Mn in 2020. It is projected to expand at a CAGR of 32.7% from 2021 to 2031. Favorable reimbursement policies and increase in applications of smart exoskeleton in various industries are anticipated to drive the global smart exoskeleton market from 2021 to 2031. North America is expected to account for a significant share of the global smart exoskeleton market during the forecast period. The expansion of the market in the region can be attributed to increase in geriatric population, highly structured healthcare industry, availability of various reimbursement policies from public and private health insurance firms, and technological advancements in exoskeleton.

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