Medical Exoskeleton Market Size, Share, Trends, Growth and Competitive Analysis
Medical Exoskeleton Market Size, Share, Trends, Growth and Competitive Analysis
Blog Article
Medical Exoskeleton Market - Overview, Size, Share, Industry Trends and Opportunities
Global Medical Exoskeleton Market, By Component (Hardware and Software), Type (Powered Exoskeleton and Passive Exoskeleton), Mobility (Stationary and Mobile), Extremity (Lower Extremity, Upper Extremity, and Full Body) – Industry Trends and Forecast to 2031.
The global medical exoskeleton market size was valued at USD 450 million in 2023 and is projected to reach USD 894 million by 2031, with a CAGR of 45.3% during the forecast period of 2024 to 2031.
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**Segments**
- By Type: On the basis of type, the global medical exoskeleton market can be segmented into powered exoskeleton and passive exoskeleton. The powered exoskeleton segment is expected to witness significant growth due to the increasing demand for advanced and innovative robotic technologies in the healthcare industry.
- By Mobility: The market can also be segmented based on mobility into mobile exoskeleton and stationary exoskeleton. The mobile exoskeleton segment is anticipated to dominate the market as they offer flexibility and ease of movement for patients.
- By Body Part: The global medical exoskeleton market can be categorized based on body part into upper body exoskeleton and lower body exoskeleton. The lower body exoskeleton segment is projected to grow at a rapid pace owing to the rising prevalence of mobility impairments and disabilities among the elderly population.
**Market Players**
- Ekso Bionics
- Lockheed Martin Corporation
- ATOUN Inc.
- Bionik Laboratories Corp.
- Hocoma AG
- Parker Hannifin Corp
- ReWalk Robotics
- Rex Bionics Ltd.
- suitX
- Cyberdyne Inc.
The global medical exoskeleton market is witnessing significant growth and is expected to continue expanding at a substantial rate in the coming years. Factors such as increasing prevalence of neurological disorders, rising geriatric population, advancements in robotic technologies, and growing investments in healthcare infrastructure are driving the market growth. The powered exoskeleton segment is expected to lead the market due to its ability to assist patients with mobility impairments effectively. Additionally, the mobile exoskeletons segment is likely to dominate the market as they offer enhanced mobility and independence to users.
The lower body exoskeleton segment is projected to witness substantial growth, fueled by the rising incidence of lower limb disabilities and the growing adoption of exoskeletons for rehabilitation purposes. Market players such as Ekso Bionics, Lockheed Martin Corporation, and ReWalk Robotics are focusing on researchThe global medical exoskeleton market is a dynamic and rapidly growing sector driven by various factors such as technological advancements, increasing prevalence of neurological disorders, and a growing elderly population. The market is witnessing a significant shift towards powered exoskeletons due to their ability to provide enhanced support and mobility to individuals with disabilities. Companies like Ekso Bionics, Lockheed Martin Corporation, and ReWalk Robotics are at the forefront of developing innovative powered exoskeleton solutions, investing heavily in research and development to improve the functionality and efficiency of their products.
The mobile exoskeleton segment is gaining traction in the market as it offers greater flexibility and ease of movement for patients, enabling them to navigate their surroundings more efficiently. This segment is expected to dominate the market as the demand for portable and wearable exoskeleton devices continues to rise. Companies like ATOUN Inc. and suitX are focusing on developing advanced mobile exoskeleton solutions that cater to the specific needs of patients, addressing mobility limitations and improving overall quality of life.
In terms of body part segmentation, the lower body exoskeleton segment is projected to experience significant growth owing to the increasing prevalence of lower limb disabilities and the rising demand for rehabilitation solutions. Players like Bionik Laboratories Corp. and Rex Bionics Ltd. are actively engaged in developing lower body exoskeleton devices that aim to enhance mobility and independence for individuals with mobility impairments.
Overall, the global medical exoskeleton market is poised for continued expansion driven by technological advancements, increasing healthcare investments, and a growing emphasis on improving the quality of life for individuals with mobility impairments. As market players continue to innovate and collaborate with healthcare providers and research institutions, we can expect to see a wider range of exoskeleton solutions that cater to specific needs and provide improved outcomes for patients in the years to come.**Segments**
- Global Medical Exoskeleton Market, By Component (Hardware and Software), Type (Powered Exoskeleton and Passive Exoskeleton), Mobility (Stationary and Mobile), Extremity (Lower Extremity, Upper Extremity, and Full Body) – Industry Trends and Forecast to 2031.
**Market Analysis**
The global medical exoskeleton market is experiencing a surge in growth driven by the increasing prevalence of neurological disorders and mobility impairments, coupled with advancements in robotic technologies. The market segmentation based on type indicates a significant focus on powered exoskeletons, which are expected to lead the market due to their ability to provide effective support to individuals with mobility constraints. As the demand for innovative healthcare solutions rises, market players like Ekso Bionics, Lockheed Martin Corporation, and ReWalk Robotics are at the forefront of developing cutting-edge powered exoskeleton technologies to address the evolving needs of patients worldwide.
In terms of mobility segmentation, the mobile exoskeleton segment is poised to dominate the market as it offers enhanced flexibility and ease of movement for patients, facilitating better navigation in various environments. Companies such as ATOUN Inc. and suitX are actively engaged in developing advanced mobile exoskeleton solutions tailored to meet the specific requirements of individuals with mobility limitations, thereby contributing to the growth of this segment.
Furthermore, the segmentation by body part highlights the rapid growth of the lower body exoskeleton segment, driven by the increasing prevalence of lower limb disabilities and the growing demand
Table of Content:
Part 01: Executive Summary
Part 02: Scope of the Report
Part 03: Global Medical Exoskeleton Market Landscape
Part 04: Global Medical Exoskeleton Market Sizing
Part 05: Global Medical Exoskeleton Market Segmentation by Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
Medical Exoskeleton Key Benefits over Global Competitors:
- The report provides a qualitative and quantitative analysis of the Medical Exoskeleton Market trends, forecasts, and market size to determine new opportunities.
- Porter’s Five Forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make strategic business decisions and determine the level of competition in the industry.
- Top impacting factors & major investment pockets are highlighted in the research.
- The major countries in each region are analyzed and their revenue contribution is mentioned.
- The market player positioning segment provides an understanding of the current position of the market players active in the Personal Care Ingredients
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