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The medical exoskeleton market is expected to be worth USD 1,906.05 million by 2027, expanding at a rate of 35.15% during the forecast period from 2020 to 2027. A high volume of patients with various disabilities and physical disorders enhances the growth potential of the market in the above. forecast period mentioned.
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The major players covered in the report are CYBERDYNE INC., US Bionics, Ekso Bionics, ReWalk Robotics, BIONIK, Rex Bionics Ltd., PARKER HANNIFIN CORP, Hocoma, Bioness Inc., Wearable Robotics srl, ExoAtlet, Gogoa.eu, Tyromotion GmbH . among other national and global actors. Market share data is available separately for Global, North America, Europe, Asia-Pacific, Middle East & Africa and South America.
The medical exoskeleton is the external mechanical structure designed to provide bodily support to physically disabled patients in their daily movements and operations. This external structure ensures that the wearer can perform enhanced functionality, more than their conventional abilities. This structure is generally powered by different sources of energy to provide optimal support for the rehabilitation of patients and to help them regain their bodily functions.
The growing focus of major research organizations and market players to collaborate and advance their technology base for exoskeleton developments, along with the increasing volume of favorable reimbursement and insurance scenarios for the adoption of medical exoskeletons in various countries, act as key drivers for the growth of the market.
Significantly high product price due to very strict regulatory scenarios for product approval and marketing, this factor is expected to restrain the growth of the medical exoskeleton market during the forecast period 2020 to 2027.
This market report provides market share details, new product pipeline developments and analysis, impact of domestic and localized market players, analyzes opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and market scenario, contact us for an analyst brief, our team will help you create a revenue impact solution to achieve your desired goal.
Global Medical Exoskeleton Market by Component (Hardware, Software), Type (Powered Exoskeleton, Passive Exoskeleton), Mobility (Stationary, Mobile), Extremity (Lower Limb, Upper Limb), Country (US, Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, UK, Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore , Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia Pacific, Saudi Arabia, United Arab Emirates, South Africa, Egypt, Israel, Rest of Middle (East and Africa), industry trends and forecasts to 2027
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Medical Exoskeletons Market Scope and Market Size
The medical exoskeleton market is segmented on the basis of component, type, mobility, and extremities. The growth of each individual segment is analyzed and this information is then considered before providing you with an overview of the market which can help you understand and identify your primary applications in the market at large.
On the basis of components, the medical exoskeleton market has been segmented into hardware and software. Hardware has been sub-segmented into sensors, actuators, power sources, control systems and others. Actuators are further segmented into pneumatic actuator, hydraulic actuator, electric actuator, mechanical actuator, shape memory alloy and others.
Based on type, the market has been segmented into powered exoskeleton and passive exoskeleton.
Based on mobility, the medical exoskeleton market has been segmented into stationary and mobile.
The medical exoskeleton market has been segmented on the basis of extremity into lower extremity and upper extremity.
Country Level Analysis of Medical Exoskeletons Market
The Medical Exoskeletons market is analyzed and market size information is provided by country, component, type, mobility and extremity as given above.
The countries covered in the market report are USA, Canada, and Mexico North America, Germany, France, UK, 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 in Asia-Pacific, Saudi Arabia, United Arab Emirates, South Africa, Egypt, Israel, Rest of Middle East and Africa as part of Middle East and Africa, Brazil, Argentina and Rest of North America South as part of South America.
The medical exoskeleton market is expected to be dominated by North America with increasing levels of consumption of exoskeletons designed for rehabilitation and assisting physical disabilities. Favorable scenarios and consolidation of major market players in the region are also expected to result in this dominance.
The country section of the report also provides individual market impacting factors and regulatory changes in the national market that impact current and future market trends. Data points such as new sales, replacement sales, country demographics, disease epidemiology, and import-export tariffs are some of the major metrics used to forecast the market scenario for each country . In addition, the presence and availability of global brands and the challenges they face due to significant or rare competition from local and national brands, the impact of sales channels are considered while providing a forecast analysis of national data.
Growth of health infrastructure Installed base and penetration of new technologies
The Medical Exoskeleton market also provides you with detailed market analysis for each country, the growth of healthcare spending for capital goods, the installed base of different types of products for the Medical Exoskeleton market, the impact of technology using lifeline curves and changes in healthcare regulatory scenarios and their impact on the medical exoskeleton market. Data is available for the historical period from 2010 to 2018.
Competitive Landscape and Medical Exoskeleton Market Share Analysis
Medical Exoskeletons market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, research and development investment, new market initiatives, global presence, locations and production facilities, company strengths and weaknesses, product launch, clinical trial pipelines, product approvals, patents, product breadth and breadth, application dominance, line curve of technological life. The data points above provided are only related to the companies focus on the medical exoskeleton market.
In July 2019, Ekso Bionics announced that it had expanded its medical exoskeleton product offering with the availability of “EksoUE”, with the device capable of combining with other forms of upper extremity rehabilitation device to provide wider range of motion and high endurance levels for rehabilitation. sessions.
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