Press release
Medical Exoskeleton Market Size to Reach Revenues of USD 3,816.17 million by 2027 – Arizton
Subheading: The powered segment accounted for the highest revenue share of over 85% in the global medical exoskeleton market in 2021.The medical exoskeleton market is expected to grow at a CAGR of over 36.29% during the period 2021−2027.
Key Highlights Offered in the Report:
1. The presence of prominent market players, increasing rehabilitation centers for the therapy of spinal cord injury patients, physically disabled patients and high healthcare spending are the primary factors for the significant market share in the region.
2. In 2021, North America was the major revenue contributor and accounted for 40.00% share of the global medical exoskeleton market and witness the highest incremental growth of USD 1,303.57 million during the forecast period.
3. The medical exoskeleton market in US will be valued at USD 1,418.39 million in 2027 and will be major contributor in north America medical exoskeleton market with a share of around 90%.
4. Based on modality, powered exoskeletons are the major contributor in the global medical exoskeleton market, and it is likely to witness high incremental growth of USD 2,883.24 million during the forecast period.
5. The medical exoskeleton market is intensely competitive. Manufacturers compete directly with several companies based on factors, such as price, quality, compliance and innovation, product features and capabilities.
Key Offerings:
• Market Size & Forecast by Revenue | 2021−2027
• Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
• Market Segmentation – A detailed analysis by modality, extremity, mobility, usage, and geography
• Competitive Landscape – 7 key vendors and 22 other vendors
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Medical Exoskeleton Market – Segmentation
• Motorized exoskeletons allow people with spinal cord injuries and similar injuries to move freely in and out of the hospital. This technology has been shown to affect mental well-being by improving quality of life and reducing anxiety and depressive symptoms.
• A rehabilitation exoskeleton that serves people directly has a wide range of possible uses in rehabilitation sessions. Therefore, there is great value in developing advanced rehabilitation exoskeletons. Research on robots for lower limb rehabilitation in patients with limb movement disorders is an important part of research on rehabilitation robots.
• In 2021, the mobile exoskeleton segment accounted for 68.55% of the global medical exoskeleton market. Mobile exoskeletons designed to assist human movement are used in daily life, such as getting up, sitting, etc., in patients who have completely lost their lower limb mobility due to diseases such as SCI and multiple sclerosis.
Market Segmentation by Modality
• Powered Exoskeletons
• Passive Exoskeletons
Market Segmentation by Extremity
• Lower Extremity Exoskeletons
• Upper Extremity Exoskeletons
Market Segmentation by Mobility
• Mobile Exoskeletons
• Stationary Exoskeletons
Market Segmentation by Usage
• Rehabilitation Exoskeletons
• Augmentation Exoskeletons
Medical Exoskeleton Market – Dynamics
In the developing field of portable robotics, orthotics or exoskeletons are manufactured and developed to support and strengthen the lower or upper extremities in performing various tasks. Exoskeletons are devices that help people improve their abilities to perform complicated tasks such as carrying weights and heavy loads, and they also help reduce pain and stress, as well as tension, while working. In medicine, exoskeletons are used to reduce the costs of rehabilitation and care incurred by patients with neurological diseases. Today, 3D printing is used in various biomedical fields. This technique can be used in the fabrication of metal implants in hard tissue, organ growth, print copies of anatomical models for surgical preparation, dental and orthotic fixators, etc. 3D-printed exoskeletons allow disabled people to lead a normal life with the following advantages: low cost, mobilization, adaptation to special needs.
Key Drivers and Trends fueling Market Growth:
• Emergence of Soft Actuator Medical Exoskeletons
• Increasing Focus on Brain-Machine Interface Based Medical Exoskeletons
• Increasing Number of People with Physical Disabilities
• Recent Advancements in Medical Exoskeletons
Medical Exoskeleton Market – Geography
North America has the second highest share among all the regions. The growth of this region is primarily attributed to the increasing number of strokes and associated physical disabilities in the population. The availability of advanced robotic developers, constant technological innovations, and growing acceptance for technologically advanced medical exoskeleton products are further accelerating the market growth in the region. This is attributed to the growing disabled population. According to a report by the CDC, every one in four adults in the US has a physical disability that affects essential life activities. The most general type of disability is physical disability, which affects one in every seven adults. Disability becomes more common with age, affecting about two in five adults 65 and older. In addition, the rising geriatric population is also a major factor for growth in the medical exoskeleton market.
Get your sample today! https://www.arizton.com/market-reports/medical-exoskeleton-market
Market Segmentation by Geography
• North America
• US
• Canada
• Europe
• Germany
• UK
• France
• Italy
• Spain
• APAC
• China
• Japan
• India
• Australia
• South Korea
• Latin America
• Mexico
• Brazil
• Argentina
• The Middle East and Africa
• Turkey
• Saudi Arabia
• South Africa
Major Vendors
• Ekso Bionics
• ReWalk Robotics
• PARKER HANNIFIN
• Ottobock
• CYBERDYNE
• Rex Bionics
• DIH Medical
Other Prominent Vendors
• Wearable Robotics
• Gogoa
• ExoAtlet
• Panasonic
• Tyromotion
• Honda Motor
• B-Temia
• Bionic Power
• ANGEL ROBOTICS
• AXOSUITS
• BAMA Teknoloji
• Biomotum
• Bionic Yantra
• Bioservo Technologies
• Fourier Intelligence
• FREE Bionics
• Gloreha Idrogenet
• Harmonic Bionics
• HEXAR Humancare
• Human in Motion Robotics
• InteSpring
• MARSI BIONICS
Get your sample today! https://www.arizton.com/market-reports/medical-exoskeleton-market
About Arizton:
Arizton Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.
Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.
Arizton Advisory and Intelligence
Mail: enquiry@arizton.com
Call: +1-312-235-2040
+1 302 469 0707
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