Growingproblems of paralysis and numbness has pushed the demand for a reliable medicalsupport system. Exoskeletons are considered to be the masterpiece of the medicalindustry (specifically exoskeleton companies) that offer external support formovement. The improved mobility of patients has led to mainstream adoption ofproducts made by leading exoskeleton companies.

What are exoskeletons?
Anexoskeleton is defined as the outer covering or the external skeleton of someanimal’s bodies. The exoskeleton essentially supports as well as is used toprotect the animals from harm. The exoskeleton (made by chief exoskeletoncompanies) is typically hard in nature and can also be referred to as shells.

Theexoskeleton is most likely not flexible and covers the more vulnerable parts ofan animal’s body. Exoskeleton companies design structures that are used forhumans who have deformities (most often used for those who have served in themilitary as well as the elderly). The main function of the exoskeletoncompanies’ market is to facilitate individuals to overcome their physicalconstraints.

Market cap of exoskeletoncompanies
Accordingto Verified Market Research, this market was valued at USD 235.4 million in 2018. As the demand iscontinuously growing globally, analysts projected it to reach USD 5,558.3 million by2026.As per Global Exoskeleton Companies’ MarketReport, it is growing at a CAGR of 48.2% from 2019 to 2026.

Top 10 exoskeleton companiesoperating globally
Lockheed Martin Corporation
Lockheed Martin Corporation is the leadingprovider of the exoskeletons. This company has been offering military gradeproducts that are long lasting and require less maintenance. Due to thisfactor, the majority of the clients across the globe prefer to use itsproducts.

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ReWalk Robotics
ReWalk Robotics is an innovative medical organizationthat designs, develops and distributes advanced exoskeletons that improve themobility of patients across the globe. It helps in changing the quality oflives. All of its products are powered, lightweight and come in differentwearable soft exo-suits.

Ekso Bionics
Ekso Bionics is dedicated to improving mobility byoffering advanced solutions. It couples latest technology with mechanics tobring out a wide range of products. All of its latest R&D projects arededicated to improving the U.S. defense’s capabilities.

Parker Hannifin
Parker Hannifin is the face of the globalmarket of exoskeleton companies. This American brand specializes in motion andcontrol technologies. It is working on the greatest engineering challenges inthe world.

Hyundai Motor Company
Hyundai Motor Company is a very famousname all over the world. From automobiles to mobility solutions, Hyundai offersthe most scientifically advanced products. This global brand has achieved manyworld-firsts in the exoskeleton industry. Loaded with years of experience andexpertise, it has achieved many major milestones in the medical industry.

Honda
Honda is one of the most technologically innovative brands inthe world. It is known for bringing out the most unique line of products. Sinceinception, it has challenged the status quo to deliver the world-class productsthat require less maintenance.

SuitX
SuitX’s products are designed to reduce the workers’ fatigue. Itimproves mobility by bringing comfort and supporting weight. It is one of themost flexible brands that delivers products as per the specifications of thepatients. This advanced government funded company, among leading exoskeletoncompanies, brings out the most advanced accessible exoskeletons.

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Bionik Laboratories
Bionik Laboratories is a globalpioneering healthcare company. It is on a mission to supply quality-of-lifesolutions to those with movement impairments. Bionik’s main goal is to enablethe growing millions of people with movement-impairments to lead fuller andmore independent lives. It diffuses evidence-based technologies with mechanicsto deliver best in-class rehabilitation care.

Myomo
Myomo is a medical robotics company that offers expandedmobility This American organization was founded in 2004. It is the onlyenterprise that senses a patient’s own neurological signals throughnon-invasive sensors to improve mobility of patients’ arms. Myomo is on amission to impart effective, safe and reliable medical products and services.

Ottobock
For more than 100 years, Ottobock hasbeen developing innovative products. The med-tech company also takes care ofthe full treatment cycle all over the globe. This family-owned business holds astrong position in the exoskeleton companies’ segment and has transformed intoa million-dollar business.

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