Medical Exoskeleton Market Overview 2023-2028
The global medical exoskeleton market size reached US$ 280.1 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,969.7 Million by 2028, exhibiting a growth rate (CAGR) of 35.2% during 2023-2028.
A medical exoskeleton refers to an electromechanical device that supports the human musculoskeletal system for rehabilitation and enables an injured or paraplegic individual to stand and walk. It generally relies on a combination of springs and dampers that can store energy from human motion and reuse it when required to enhance posture. The medical exoskeleton also utilizes actuators that convert electrical, air, or hydraulic energy into mechanical force to support and strengthen the movement. In line with this, it finds extensive applications in the defense sector to give soldiers additional protection and abilities during warfare.
Medical Exoskeleton Market Trends and Drivers:
The increasing incidences of spinal cord injuries, owing to falls, road traffic crashes, or violence, are primarily augmenting the medical exoskeleton market. Furthermore, the widespread adoption of this device to reduce fatigue and back pain is positively influencing the global market. Apart from this, the growing prevalence of musculoskeletal injuries and disorders, including Occupational Overuse Syndrome (OOS), Cumulative Trauma Disorders (CTD), and Repetitive Strain Injury (RSI), is acting as another significant growth-inducing factor. Moreover, the rising number of startups that have expertise in exoskeleton technology and provide solutions for rehabilitation is also bolstering the market growth. Besides this, extensive investments in R&D activities by key market players to introduce anti-radiation aprons for health workers suffering from neck problems are further catalyzing the global market. Additionally, the development of a robotic partial knee orthosis used by wearers to minimize knee pain and regain mobility is expected to fuel the medical exoskeleton market in the coming years.
Global Medical Exoskeleton Market 2023-2028 Analysis and Segmentation:
Top Key Players covered in this report are: B-Temia Inc., Cyberdyne Inc., Ekso Bionics Holdings Inc., ExoAtlet Global S.A., GOGOA Mobility Robots, Hocoma AG (DIH International Limited), Myomo Inc., ReWalk Robotics Ltd, Rex Bionics Ltd., suitX Inc. (Ottobock SE & Co. KGaA), Wandercraft and Wearable Robotics Srl
The report has segmented the market on the basis of region, component, type, extremity, mobility and end user.
Breakup by Component:
· Hardware
· Software
Breakup by Type:
· Powered Exoskeletons
· Passive Exoskeletons
Breakup by Extremity:
· Lower Extremity Medical Exoskeletons
· Upper Extremity Medical Exoskeletons
· Full Body
Breakup by Mobility:
· Mobile Exoskeletons
· Stationary Exoskeletons
Breakup by End User:
· Rehabilitation Centers
· Physiotherapy Centers
· Others
Breakup by Region:
· North America
o United States
o Canada
· Asia-Pacific
o China
o Japan
o India
o South Korea
o Australia
o Indonesia
o Others
· Europe
o Germany
o France
o United Kingdom
o Italy
o Spain
o Russia
o Others
· Latin America
o Brazil
o Mexico
o Others
· Middle East and Africa
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Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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