The global Exoskeleton Market is experiencing significant growth, driven by advancements in robotics, increasing demand for rehabilitation solutions, and the adoption of wearable technologies across various sectors. According to industry reports, the market was valued at USD 498.33 million in 2024 and is projected to grow at a CAGR of 16.27% from 2025 to 2030. 

Top 5 Companies by Market Share

The leading players in the global exoskeleton market, based on market share and industry influence, include:

1. Ekso Bionics (USA) – A pioneer in wearable exoskeleton technology, Ekso Bionics focuses on developing solutions for medical and industrial applications, enhancing mobility and strength for users.

2. Ottobock (Germany) – Renowned for its medical mobility solutions, Ottobock has expanded into industrial exoskeletons, offering products that reduce strain and improve ergonomics for workers.

3. DIH Medical (Switzerland) – Specializing in rehabilitation robotics, DIH Medical provides advanced exoskeleton systems that aid in patient recovery and mobility training.

4. Comau (Italy) – A leader in industrial automation, Comau develops exoskeletons designed to support workers in physically demanding tasks, enhancing productivity and safety.

5. Myomo Inc. (USA) – Focused on medical applications, Myomo offers wearable robotic devices that assist individuals with neurological disorders in regaining arm and hand function.

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Recent Mergers and Acquisitions

The exoskeleton industry has witnessed strategic mergers and acquisitions aimed at expanding product portfolios and enhancing technological capabilities:

• Ottobock's Acquisition of SUITX – Ottobock acquired SUITX, a U.S.-based exoskeleton company, to strengthen its position in the industrial exoskeleton market. This acquisition combines SUITX's innovative designs with Ottobock's global reach and expertise.

• DIH Medical's Strategic Partnerships – DIH Medical has entered into several strategic partnerships to integrate advanced technologies into its rehabilitation solutions, aiming to enhance patient outcomes and broaden its market presence.

Recent Developments in the Market

Key developments in the exoskeleton market include:

• US Army's Evaluation of Exoskeletons – The U.S. Army continues to explore the use of powered exoskeletons to augment soldier performance. Recent evaluations at Fort Sill, Oklahoma, focused on assessing commercial exoskeletons for usability in field operations. 

• Consumer-Oriented Exoskeletons at CES 2025 – At the Consumer Electronics Show (CES) 2025, companies showcased lightweight exoskeletons designed for everyday use, highlighting the potential for these devices to assist in leisure activities and personal mobility. 

Investments and Funding

The exoskeleton industry is attracting significant investments to support innovation and expansion:

• HeroWear's Series-A Funding – HeroWear, a startup specializing in occupational exosuits, announced $5 million in Series-A funding to accelerate product development and expand its team, aiming to deliver high-quality client service and onsite training for its growing install base. 

• Validose's Pre-Seed Funding – Validose secured $2 million in pre-seed funding to develop its precision medication delivery platform, which integrates exoskeleton technology to enhance patient compliance and treatment outcomes. 

Conclusion

The global exoskeleton market is poised for substantial growth, driven by technological advancements and increasing demand across medical, industrial, and military sectors. Leading companies are enhancing their market positions through strategic mergers, product innovations, and technological advancements. With continued investments and a focus on improving human mobility and productivity, the exoskeleton industry is set to play a pivotal role in the future of wearable robotics.