EXOSKELETON MARKET ANALYSIS

Key Developments

• In October 2023, Wandercraft SAS, a developer of autonomous walking exoskeletons, launched commercial operations of its latest exoskeleton, Atalante X, in the U.S. This innovative solution is designed to assist individuals with mobility impairments, offering a hands-free and self-balancing option for rehabilitation and independence.
• In December 2022, Ekso Bionics, a leading developer of exoskeleton technologies for medical and industrial applications, announced the acquisition of Parker Hannifin Corporation's Human Motion and Control (HMC) business unit, which includes the Indego line of FDA-cleared lower limb exoskeletons for home and clinical use, as well as plans for future robotic-assisted orthotic and prosthetic devices. The US$ 10 million deal expands Ekso's product portfolio, adds key research partnerships with institutions like Vanderbilt University, and positions the company as a leader in lower extremity robotic mobility solutions across the continuum of care.
• In June 2022, CYBERDYNE Inc., a leading Japan-based robotics and cybernics technology company, announced a collaborative initiative with Malaysia's Social Security Organization (SOCSO) to expand the availability of Cybernics Treatment using CYBERDYNE's Hybrid Assistive Limb (HAL) exoskeleton technology for SOCSO-insured patients. This partnership has enabled more Malaysians with neurological conditions to access this advanced robotic rehabilitation system, which helps restore mobility and support their return to work, contributing to the country's economic and social well-being.
• In April 2022, Ottobock, a global leader in healthcare technology, announced the launch of the Ottobock Shoulder, a next-generation exoskeleton designed to provide support during strenuous overhead work in industries such as logistics, production, maintenance, and manufacturing. Ottobock Shoulder is an evolution of the company's previous Paexo Shoulder model, incorporating user feedback and technological advancements to enhance comfort, ease of use, and productivity for workers.
• In December 2021, German Bionic, a leading developer of smart robotic exoskeletons, announced the launch of its fifth-generation Cray X model. The Cray X is an AI-enhanced power suit that can provide up to 66 pounds (30 kg) of lifting assistance, helping to reduce the risk of back injuries and repetitive strain for workers at companies like IKEA and BMW. The latest version of the Cray X features active walking support, waterproofing for outdoor use, and an improved battery system, further expanding the applications of this wearable robotic technology.
• In November 2021, Ottobock announced the acquisition of suitX, a US-based company specializing in occupational and medical exoskeletons, to accelerate the adoption of wearable robotics technology worldwide. The two companies are combining their complementary product portfolios and expertise to become a world-leading provider of exoskeleton solutions for industries such as manufacturing, logistics, and healthcare.