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.
An electromechanical device known as a medical exoskeleton is designed to assist the human musculoskeletal system in rehabilitation and enable individuals with injuries or paralysis to regain the ability to stand and walk. This advanced technology incorporates a combination of springs and dampers to store and utilize energy from the wearer's movements, improving posture and providing support. Additionally, the exoskeleton employs actuators that convert various forms of energy, such as electrical, air, or hydraulic, into mechanical force, thereby enhancing movement and strength. Apart from medical applications, the exoskeleton also finds significant use in the defense sector, where it enhances soldiers' capabilities and offers additional protection during warfare.
Medical Exoskeleton Market Trends and Drivers:
The medical exoskeleton market is experiencing a surge in growth due to various factors. One major driver is the increasing incidences of spinal cord injuries caused by falls, road traffic crashes, and violence. Additionally, the device's ability to alleviate fatigue and back pain has led to its widespread adoption, positively impacting the global market. Another significant contributing factor is the rising prevalence of musculoskeletal injuries and disorders such as Occupational Overuse Syndrome (OOS), Cumulative Trauma Disorders (CTD), and Repetitive Strain Injury (RSI).
Furthermore, the market is being propelled by the emergence of numerous startups specializing in exoskeleton technology and rehabilitation solutions. These startups are actively contributing to market growth. Moreover, key market players are making substantial investments in research and development (RD) activities, particularly in the development of anti-radiation aprons for healthcare workers with neck problems. These investments are further catalyzing the global market.
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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