Global Healthcare Wearable Robots Market is set to amass sizable market expansion between 2023 and 2032, supported by the rising occurrences of road accidents in the North American region which is expected to surge the demand for exoskeletons.

The industry is set to have strong commercial growth, mostly as a result of the increased product penetration among patients, particularly those with neuromuscular illnesses. As per reliable reports, the average prevalence of inherited neuromuscular disorders is 3.7 to 4.99 patients per 10,000.

The patient mostly benefits from the upper body exoskeleton’s support with wrist, hand, and finger movement. Also, it lessens their stress, particularly if they work in intensive care, surgery, elderly care, or any other field where patient mobility is necessary during the day and night.

Leading companies in the market are actively seeking partnerships and acquisitions for enhancing product adoption in various emerging economies. For instance, in November 2021, Cyberdyne acquired RISE, a medical facility for rehab. This acquisition has assisted Cyberdyne in expanding its business in locations such as the Southern United States, equipping patients with easy accessibility to Cyberdyne’s treatment methods.

The healthcare wearable robots market has been classified in terms of product, structure, material, body part, application, end-use, and region.

Based on structure, the rigid segment is estimated to grow at more than USD 464 million by 2032. The strong demand for rigid exoskeletons and the increase in financing or grants for the creation of these to enhance patient health are likely to stimulate the market dynamics in the coming years. Moreover, rigid exoskeletons may help with daily tasks such as lifting objects that are much heavier compared to their own bodies.

In terms of material, the metal segment is set to expand significantly through the forecast period. The growing elderly population, individuals with spinal cord injuries, and growing patient pool with mobility issues are all contributing to the high demand for metal exoskeletons. The main market companies are concentrating on creating wearable metal exoskeletons targeted at both the full body and a specific body component.

From the regional outlook, the Europe healthcare wearable robots market is projected to capture more than USD 1.3 billion market share by 2032. The surging awareness among patients with the accessibility of wearable robots as an alternative to wheelchairs is expected to foster regional business expansion. In addition, hefty investments in the healthcare sector by leading economies would add to the market prospects.