Frequently Asked Questions
The Covid-19 pandemic has negatively impacted the wearable robots market due to extended production halts and sharply rising raw material costs. The pandemic forced companies to postpone product launches and meet client demands.
North America accounted for the highest share in the global wearable robots market regarding value and volume.
Increased investment in research and development activities to launch wearable devices for the healthcare, military, and defense domains drives the wearable robots market. Furthermore, the growing number of people with disabilities due to spinal cord injuries, strokes, and other causes is expected to boost demands for wearable robotic exoskeletons.
The powered exoskeletons segment had a major share in 2021, with more than 60% of the market revenue. Besides, the passive exoskeletons segment is projected to witness the fastest growth.
The healthcare segment had a major share in the global market in 2021 and is projected to continue its dominance over the forecast period.