Is purchasing an exoskeleton profitable for your business?

The profitability of exoskeletons: a clear financial approach

When it comes to investing in solutions to optimize working conditions and reduce long-term costs, exoskeletons stand out as cutting-edge technology. But is purchasing an exoskeleton really cost-effective for your company? Let’s explore the key elements to consider.

Cost of an exoskeleton per hour of work

Let’s take the example of a back exoskeleton, such as the Liftsuit, costing around $1950 and having a lifespan of 6 years. If the employee uses the exoskeleton for 40 hours per week, that represents a total of 12,480 hours over 6 years. The hourly cost of the exoskeleton thus amounts to:

$1950 / 12,480 hours = $0.16 per hour.

For less than 17 cents per hour, you provide your employees with a solution that improves their comfort, productivity, and safety.

Reduction of injury risks

Wearing an exoskeleton significantly reduces the risks of musculoskeletal injuries (MSI), particularly to the back, which is one of the main causes of work stoppages in Canada.

Average cost of a back injury for the employer: a back injury can cost the employer between $25,000 and $75,000, depending on the severity and duration of the work stoppage (source: National Institute of Public Health of Quebec).

Human consequences: for the employee, a back injury can lead to chronic pain, a reduction in quality of life, and permanent functional limitations.

By equipping your employees with an exoskeleton, you reduce these risks, avoiding not only costs related to compensation and training replacements but also the negative impacts on the morale and productivity of your teams.

A winning approach for the company and employees

Investing in exoskeletons, in addition to being financially accessible, creates a safer and more attractive working environment. Companies that adopt these technologies:

• Increase employee satisfaction and retention.

• Decrease costs related to absenteeism and injuries.

• Enhance their image as an employer concerned about the well-being of their teams.

Concrete example of return on investment (ROI)

Suppose an employer equips 10 workers with the Liftsuit, at a cost of $1950 each, for a total cost of $19,500.

If these exoskeletons prevent a single back injury per year, the employer potentially saves between $25,000 and $75,000, not counting the indirect benefits related to increased productivity and reduced absenteeism. In less than a year, the investment can be fully amortized, demonstrating a tangible return on investment.

Conclusion

For a reduced usage cost ($0.16/hour in our example), purchasing an exoskeleton is a strategic investment for companies looking to combine economic performance and social responsibility. Reduce the risks of injury, improve quality of life at work, and save in the long term.

To learn more or to test our exoskeletons, visit our website Exoskeletons Canada.