Medical Exoskeleton Market is Forecasted to Reach Nearly USD 2.29 billion by 2029 | share, Growth Prospects, Key Vendors And Future Scenario

July 5, 2022 |

14 min read

The reliable Medical Exoskeleton Market research report assesses the ongoing as well as the future performance of the market, in addition to brand-new trends in the market

The reliable Medical Exoskeleton Market research report assesses the ongoing as well as the future performance of the market, in addition to brand-new trends in the market. Increasing prevalence of this market report, which highlights the major industry growth drivers, challenges, opportunities and restraints for the leading key players. This market research report also identifies and analyses the up-and-coming trends along with major driving factors, challenges and opportunities in the market. The report is a great resource that provides current and upcoming technical and financial details of the industry. The world class Medical Exoskeleton Market report includes market shares for global, Europe, North America, Asia Pacific and South America.

The Medical Exoskeleton Market business report gives CAGR values along with its fluctuations for the specific forecast period. The report includes top to bottom analysis and estimation of various market related factors that are very crucial for better decision making. The report provides comprehensive explanation of market definition, market segmentation, competitive analysis and key developments in the industry. Medical Exoskeleton Market research report is framed with the most excellent and sophisticated tools of collecting, recording, estimating and analysing market data. The market report comprises of data that can be pretty indispensable when it is about dominating the market or making a mark in the market as a latest emergent.

Data Bridge Market Research analyses that the medical exoskeleton market was valued at USD 0.2 billion in 2021 and is expected to reach USD 2.29 billion by 2029, registering a CAGR of 35.65% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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Major Players:-

Ekso Bionics (US), ReWalk Robotics (Israel), PARKER HANNIFIN CORP (US), CYBERDYNE INC. (Japan), BIONIK (Canada), Rex Bionics Ltd., (UK), B-Temia (Canada), Bioventus (US), Hocoma (Switzerland), Wearable Robotics srl (Italy), Gogoa.eu (Spain), ExoAtlet (Luxembourg), Meditouch (Israel), Suit X (US), MarsiBionics (Spain), Rehab-Robotics Company Limited (Hong Kong), Myomo Inc. (US), Focal Meditech (Netherlands), Honda Motor Co., Ltd. (Japan), Wandercraft (France), MEDEXO ROBOTICS (Hong Kong), Fourier Intelligence (China), and TWIICE (Switzerland), among others.

The market for medical exoskeleton is estimated to increase rapidly over the forecast period. The necessity for portable assistance and assistive clinical gadgets is growing as the number of people with lower appendage disorders increases worldwide. An important element driving interest in clinical exoskeleton is the growing severity and health burden of brain embolisms and spinal rope wounds. The demand is great among geriatrics in all major parts of the world. The growing demand for innovative restorative methods has shifted the focus of the clinical community to clinical exoskeletons, which is helping to meet the global market's rapid expansion.

Recent Development

In March 2021, CYBERDYNE had received approval from Thai Food and Medical Products Approval Authority (Thai FDA) for HAL Single Joint Type. Patients with limited mobility in their upper and lower limbs due to muscle weakness or paralysis should use this product.

Segmentation:-

Global Medical Exoskeleton Market, By Component (Hardware, Software), Type (Powered Exoskeleton, Passive Exoskeleton), Mobility (Stationary, Mobile), Extremity (Lower Extremity, Upper Extremity) – Industry Trends and Forecast to 2029

Competitive Landscape and Medical Exoskeleton Market Share Analysis

The medical exoskeleton market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to medical exoskeleton market.

Medical Exoskeleton Market Regional Analysis/Insights

The medical exoskeleton market is analysed and market size insights and trends are provided by country, component, type, mobility and extremity as referenced above.

The countries covered in the medical exoskeleton market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the medical exoskeleton market because of the increase in the geriatric population in this region. Additionally, surging demand for self-assist exoskeletons will flourish the market’s growth rate in this region.

Asia-Pacific is expected to grow during the forecast period due to the rising prevalence of stroke in this region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Table of Contents:

Introduction
Market Segmentation
Market Overview
Executive Summary
Premium Insights
By Component
Product Type
Delivery
Industry Type
Geography
1. Overview
2. North America
3. Europe
4. Asia-Pacific
5. South America
6. Middle East & Africa
Company Landscape
Company Profiles
Related Reports

For More Insights Get Detailed TOC @ https://www.databridgemarketresearch.com/toc/?dbmr=global-medical-exoskeleton-market

Healthcare Infrastructure growth Installed base and New Technology Penetration

The medical exoskeleton market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for medical exoskeleton market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the medical exoskeleton market. The data is available for historic period 2010-2020.

Global Medical Exoskeleton Market Definition

Medical exoskeletons are wearable electromechanical devices that have been designed as an external framework to help patients recover from injuries and augment biological capacities, such as orthotic devices for gait rehabilitation or locomotion support. As a result, this structure gives limbs more mobility, strength, and endurance.

Medical Exoskeleton Market Dynamics

Drivers

Increasing number of orthopaedic surgeries will drive the market’s growth rate

The increase in the number of orthopaedic surgeries will cushion the growth rate of medical exoskeleton market. The increase in orthopaedic surgery is primarily due to operations for knee and hip joint replacements. Amputations of limbs have been performed as a result of the rising number of damages or injuries caused by road accidents or various diseases. A rise in the number of amputation operations has been reported in patients with diabetes who have also developed gangrene.

Rising demand for effective rehabilitation approaches will propel the growth rate of market during the forecast period

The global demand for efficient rehabilitation methods, including the utilization of innovative and advanced technology and products, is growing. This is viewed as a favourable sign for the medical exoskeleton market's growth in all key regions. Hence, influence the market dynamics during the forecast period.

Furthermore, the rising number of people with physical disabilities will be a major factor influencing the growth of the medical exoskeleton market. Along with this, increase in access to insurance coverage for medical exoskeleton in various countries and rising geriatric population are the driving factors accelerating the growth of the medical exoskeleton market. Also, the rise in number of road accidents, severe injuries and strokes will enhance the market’s growth rate. Increasing expenditure on healthcare infrastructure is the major market drivers that will further escalate the growth of medical exoskeleton market.

Opportunities

Growing number of R&D activities will boost many market opportunities during the forecast period

Moreover, the rising number of research and development activities will provide beneficial opportunities for the medical exoskeleton market growth.

Moreover, the rise in new product launches and collaborations and increasing number of emerging markets will further provide beneficial opportunities for the medical exoskeleton market growth during the forecast period.

Key Benefits of Buying the Report

The report identifies and addresses the key markets for Medical Exoskeleton Market operations and services, which would help equipment manufacturers and service providers review the growth in demand.

The report helps system providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.

The report will help key players understand the strategies of their competitors better and help the min making better strategic decisions.

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