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"Today’s businesses demand highly focused, comprehensive, and detail-oriented information about the market to gain a clear understanding of the market landscape. The extensive Consumer Genomics Market research report is generated with a combination of detailed industry insights and the use of the latest tools and technology. The study in this market report covers market attractiveness analysis, wherein each segment is targeted based on its market size, growth rate, and general attractiveness. The top-notch Consumer Genomics Marketing report plays a key role in developing strategies for sales, advertising, marketing, and promotion.
The data included in the Consumer Genomics Market document is collected only from trustworthy sources such as journals, newspapers, company websites, and annual reports of the companies on which businesses can confidently rely. Other data models used for the research methodology include vendor positioning grid, market timeline analysis, market overview and guide, company positioning grid, company market share analysis, standards of measurement, top-to-bottom analysis, and vendor share analysis. The studies related to competitor analysis in the supreme Consumer Genomics Market research report keep the competitive landscape clearly in focus, allowing businesses to decide or advance their own strategies to thrive in the market.
Explore Further Details about This Research Consumer Genomics Market Report https://www.databridgemarketresearch.com/reports/global-consumer-genomics-market
Data Bridge Market Research analyses that the medical exoskeleton market which is USD 0.31 billion in 2022, is expected to reach USD 6.16 billion by 2030, at a CAGR of 45.3% during the forecast period 2023 to 2030
REPORT METRIC |
DETAILS |
Forecast Period |
2023 to 2030 |
Base Year |
2022 |
Historic Years |
2021 (Customizable to 2015 - 2020) |
Quantitative Units |
Revenue in USD Billion, Volumes in Units, Pricing in USD |
Segments Covered |
Component (Hardware, Software), Type (Powered Exoskeleton, Passive Exoskeleton), Mobility (Stationary, Mobile), Extremity (Lower Extremity, Upper Extremity and Full Body) |
Countries Covered |
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 |
Market Players Covered |
Ekso Bionics (U.S.), ReWalk Robotics (Israel), PARKER HANNIFIN CORP (U.S.), CYBERDYNE INC. (Japan), BIONIK (Canada), Rex Bionics Ltd., (U.K.), B-Temia (Canada), Bioventus (U.S.), Hocoma (Switzerland), Wearable Robotics srl (Italy), ExoAtlet (Luxembourg), Meditouch (Israel), Suit X (U.S.), MarsiBionics (Spain), Rehab-Robotics Company Limited (Hong Kong), Myomo Inc. (U.S.), Focal Meditech (Netherlands), Honda Motor Co., Ltd. (Japan), Wandercraft (France), MEDEXO ROBOTICS (Hong Kong) |
Market Opportunities |
|
Market Definition
A medical exoskeleton is a wearable electromechanical device designed to help patients with mobility issues recover from their injuries and motor function in their partially or completely paralysed lower extremities. Orthotics devices, which help people regain their ability to walk or move, are instances of gadgets that can improve biological abilities. This wearable device provides patients with increased mobility, strength, and endurance. Medical exoskeletons help people with physical disabilities such as spinal cord injuries, neurological disorders, paralysis, and the elderly.
Medical Exoskeleton Market Dynamics
Drivers
- Increasing number of orthopaedic surgeries
The rise in the number of orthopaedic surgeries will moderate the rate of growth in the medical exoskeleton market. The rise in orthopaedic surgery is primarily due to knee and hip joint replacement surgeries. Limb amputations have been performed as the number of damages or injuries caused by car accidents or various diseases has increased. A rise in the number of amputation operations in diabetic patients with gangrene has been reported. These are the specific factors that drive market growth.
- Rising demand for effective rehabilitation approaches
The global demand for effective rehabilitation methods, including the use of innovative and cutting-edge technology and products, is increasing. This is viewed as a positive sign for the growth of the medical exoskeleton market in all key regions. As a result, influence market dynamics during the forecast period.
Furthermore, the growing number of people with physical disabilities will have a significant impact on the medical exoskeleton market's growth. The rising geriatric populations and increased access to medical exoskeleton insurance coverage in various countries are driving factors accelerating the growth of the medical exoskeleton market. Furthermore, an increase in the number of traffic accidents, severe injuries, and strokes will boost the market's growth rate.
Opportunities
- Increasing number of people with physical disabilities
According to the United Nations Development Program, developing countries are home to 80% of people with disabilities. Physical disabilities can be caused by a variety of factors, including inherited or genetic disorders, severe illnesses, and injuries. This patient population seeks treatment at rehabilitation clinics and qualified care centres that provide inpatient, outpatient, and therapy-based rehabilitation services. Medical exoskeletons are also highly recommended by doctors for stroke rehabilitation. Acquired brain injuries, spinal cord injury (SCI), spina bifida, cerebral palsy, and muscular dystrophy are examples of physical disabilities. Thus, rising stroke, spinal cord injury, ankle brachial index and Spina bifida cases contribute to the growth of the global medical exoskeleton market.
Key Influence of this Market:a
- Comprehensive assessment of all opportunities and risk in this Consumer Genomics Market
- This Market recent innovations and major events
- Detailed study of business strategies for growth of the this Consumer Genomics Market -leading players
- Conclusive study about the growth plot of the Consumer Genomics Market for forthcoming years
- In-depth understanding of this Consumer Genomics Market particular drivers, constraints and major micro markets
- Favourable impression inside vital technological and market latest trends striking this Market
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW)
- To provide country level analysis of the market with respect to the current market size and future prospective
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