| Product Code: ETC4441828 | Publication Date: Jul 2023 | Updated Date: Nov 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
In the Singapore exoskeleton market, the import trend experienced a slight decline from 2023 to 2024, with a growth rate of -1.62%. However, the compound annual growth rate (CAGR) for the period 2020-2024 stood at 4.39%. This dip in import momentum could be attributed to shifts in demand patterns or evolving trade policies affecting market stability.
The exoskeleton market in Singapore is witnessing rapid expansion, primarily due to advancements in technology and their application in various industries. Exoskeletons are being used to augment human capabilities, particularly in healthcare and industrial settings. The need for enhanced worker safety and productivity is a driving force behind the growth of this market, with a focus on ergonomic solutions.
The Singapore exoskeleton market is driven by the nation`s dedication to enhancing the productivity and well-being of its workforce. Exoskeletons have applications in industries such as manufacturing, healthcare, and logistics, aligning with Singapore focus on innovation, technology adoption, and improving working conditions.
The Singapore exoskeleton market is poised for growth, driven by applications in healthcare, manufacturing, and logistics. However, it faces a set of unique challenges. One of the foremost challenges is the cost of exoskeleton technology, which can be prohibitive for many potential users. Regulatory approval for medical applications and safety standards for industrial use also present hurdles. The market needs to address concerns related to user comfort and ergonomics, as well as the potential for long-term health impacts. Additionally, competition among exoskeleton manufacturers is intensifying, which may lead to pricing pressures and reduced profit margins. Overcoming these challenges will be essential for the widespread adoption of exoskeletons in Singapore.
The COVID-19 pandemic had a significant impact on the Singapore Exoskeleton market. As the healthcare system faced increased pressure and a shortage of healthcare workers, exoskeletons found applications in assisting healthcare professionals. These wearable devices helped reduce physical strain, enhance mobility, and improve patient care. Additionally, exoskeletons gained importance in industries like manufacturing and logistics, where physical distancing and efficiency were critical. The pandemic accelerated the adoption of exoskeletons as companies and healthcare institutions recognized their potential benefits. Post-pandemic, the market is expected to expand as more sectors explore the advantages of exoskeleton technology.
In the Singapore Exoskeleton market, key players such as Ekso Bionics, Cyberdyne, and ReWalk Robotics contributed to the development of wearable exoskeleton solutions that supported rehabilitation, healthcare, and industrial applications.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Singapore Exoskeleton Market Overview |
3.1 Singapore Country Macro Economic Indicators |
3.2 Singapore Exoskeleton Market Revenues & Volume, 2021 & 2031F |
3.3 Singapore Exoskeleton Market - Industry Life Cycle |
3.4 Singapore Exoskeleton Market - Porter's Five Forces |
3.5 Singapore Exoskeleton Market Revenues & Volume Share, By Component , 2021 & 2031F |
3.6 Singapore Exoskeleton Market Revenues & Volume Share, By Type , 2021 & 2031F |
3.7 Singapore Exoskeleton Market Revenues & Volume Share, By Body Part, 2021 & 2031F |
3.8 Singapore Exoskeleton Market Revenues & Volume Share, By Mobility, 2021 & 2031F |
3.9 Singapore Exoskeleton Market Revenues & Volume Share, By Structure, 2021 & 2031F |
3.10 Singapore Exoskeleton Market Revenues & Volume Share, By Vertical, 2021 & 2031F |
4 Singapore Exoskeleton Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing investment in healthcare and rehabilitation technologies in Singapore |
4.2.2 Growing elderly population and prevalence of disabilities driving the demand for exoskeletons |
4.2.3 Technological advancements leading to more sophisticated and effective exoskeleton products |
4.3 Market Restraints |
4.3.1 High initial costs associated with exoskeleton technology |
4.3.2 Limited awareness and understanding of exoskeleton benefits among potential users and healthcare providers |
5 Singapore Exoskeleton Market Trends |
6 Singapore Exoskeleton Market, By Types |
6.1 Singapore Exoskeleton Market, By Component |
6.1.1 Overview and Analysis |
6.1.2 Singapore Exoskeleton Market Revenues & Volume, By Component , 2021-2031F |
6.1.3 Singapore Exoskeleton Market Revenues & Volume, By Hardware, 2021-2031F |
6.1.4 Singapore Exoskeleton Market Revenues & Volume, By Software, 2021-2031F |
6.2 Singapore Exoskeleton Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Singapore Exoskeleton Market Revenues & Volume, By Powered, 2021-2031F |
6.2.3 Singapore Exoskeleton Market Revenues & Volume, By Passive, 2021-2031F |
6.3 Singapore Exoskeleton Market, By Body Part |
6.3.1 Overview and Analysis |
6.3.2 Singapore Exoskeleton Market Revenues & Volume, By Lower Extremities, 2021-2031F |
6.3.3 Singapore Exoskeleton Market Revenues & Volume, By Upper Extremities, 2021-2031F |
6.3.4 Singapore Exoskeleton Market Revenues & Volume, By Full Body, 2021-2031F |
6.4 Singapore Exoskeleton Market, By Mobility |
6.4.1 Overview and Analysis |
6.4.2 Singapore Exoskeleton Market Revenues & Volume, By Stationary, 2021-2031F |
6.4.3 Singapore Exoskeleton Market Revenues & Volume, By Mobile, 2021-2031F |
6.5 Singapore Exoskeleton Market, By Structure |
6.5.1 Overview and Analysis |
6.5.2 Singapore Exoskeleton Market Revenues & Volume, By Rigid Exoskeletons, 2021-2031F |
6.5.3 Singapore Exoskeleton Market Revenues & Volume, By Soft Exoskeletons, 2021-2031F |
6.6 Singapore Exoskeleton Market, By Vertical |
6.6.1 Overview and Analysis |
6.6.2 Singapore Exoskeleton Market Revenues & Volume, By Healthcare, 2021-2031F |
6.6.3 Singapore Exoskeleton Market Revenues & Volume, By Defense, 2021-2031F |
6.6.4 Singapore Exoskeleton Market Revenues & Volume, By Industrial, 2021-2031F |
6.6.5 Singapore Exoskeleton Market Revenues & Volume, By Others, 2021-2031F |
7 Singapore Exoskeleton Market Import-Export Trade Statistics |
7.1 Singapore Exoskeleton Market Export to Major Countries |
7.2 Singapore Exoskeleton Market Imports from Major Countries |
8 Singapore Exoskeleton Market Key Performance Indicators |
8.1 Adoption rate of exoskeleton technology in healthcare facilities |
8.2 Number of research and development collaborations in the field of exoskeleton technology in Singapore |
8.3 Percentage increase in government funding for assistive technologies like exoskeletons |
8.4 Number of clinical trials and studies conducted on the effectiveness of exoskeletons in Singapore |
9 Singapore Exoskeleton Market - Opportunity Assessment |
9.1 Singapore Exoskeleton Market Opportunity Assessment, By Component , 2021 & 2031F |
9.2 Singapore Exoskeleton Market Opportunity Assessment, By Type , 2021 & 2031F |
9.3 Singapore Exoskeleton Market Opportunity Assessment, By Body Part, 2021 & 2031F |
9.4 Singapore Exoskeleton Market Opportunity Assessment, By Mobility, 2021 & 2031F |
9.5 Singapore Exoskeleton Market Opportunity Assessment, By Structure, 2021 & 2031F |
9.6 Singapore Exoskeleton Market Opportunity Assessment, By Vertical, 2021 & 2031F |
10 Singapore Exoskeleton Market - Competitive Landscape |
10.1 Singapore Exoskeleton Market Revenue Share, By Companies, 2024 |
10.2 Singapore Exoskeleton Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |