The global medical exoskeleton market size reached US$ 378.8 Million in 2023. Looking forward, the publisher expects the market to reach US$ 4.50 billion by 2032, exhibiting a growth rate (CAGR) of 31.68% during 2023-2032.
A medical exoskeleton is an electromechanical device that supports the human musculoskeletal system for rehabilitation and enables an injured or paraplegic person to stand and walk. It relies on a combination of springs and dampers that can store energy from human motion and reuse it when required to enhance a posture or motion. It also uses actuators that convert electrical, air, or hydraulic energy into mechanical force to support and strengthen the human movement. It is employed in the military sector to give soldiers additional protection and abilities during warfare. It is also used in the construction sector to reduce fatigue and back, neck, and shoulder pain.
They are also focusing on launching a robotic partial knee orthosis used by wearers to reduce knee pain and regain mobility. In addition, the growing prevalence of musculoskeletal injuries and disorders, such as occupational overuse syndrome (OOS), cumulative trauma disorders (CTD), and repetitive strain injury (RSI), is offering a positive market outlook.
A medical exoskeleton is an electromechanical device that supports the human musculoskeletal system for rehabilitation and enables an injured or paraplegic person to stand and walk. It relies on a combination of springs and dampers that can store energy from human motion and reuse it when required to enhance a posture or motion. It also uses actuators that convert electrical, air, or hydraulic energy into mechanical force to support and strengthen the human movement. It is employed in the military sector to give soldiers additional protection and abilities during warfare. It is also used in the construction sector to reduce fatigue and back, neck, and shoulder pain.
Medical Exoskeleton Market Trends:
At present, the growing incidences of spinal cord injuries (SCI) due to falls, road traffic crashes, or violence represent one of the key factors driving the market. Besides this, there is a rise in the demand for medical exoskeletons in various industries to support employee health and boost productivity around the world. This, along with the rising number of startups that expertise in exoskeleton technology and provide solutions for rehabilitation, is positively influencing the market. Moreover, key market players are financing research and development (R&D) activities to introduce anti-radiation aprons for health workers suffering from neck and back problems.They are also focusing on launching a robotic partial knee orthosis used by wearers to reduce knee pain and regain mobility. In addition, the growing prevalence of musculoskeletal injuries and disorders, such as occupational overuse syndrome (OOS), cumulative trauma disorders (CTD), and repetitive strain injury (RSI), is offering a positive market outlook.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global medical exoskeleton market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on 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
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.Key Questions Answered in This Report:
- How has the global medical exoskeleton market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global medical exoskeleton market?
- What are the key regional markets?
- What is the breakup of the market based on the component?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the extremity?
- What is the breakup of the market based on the mobility?
- What is the breakup of the market based on the end user?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global medical exoskeleton market and who are the key players?
- What is the degree of competition in the industry?
Table of Contents
1 Preface3 Executive Summary13 Value Chain Analysis15 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Medical Exoskeleton Market
6 Market Breakup by Component
7 Market Breakup by Type
8 Market Breakup by Extremity
9 Market Breakup by Mobility
10 Market Breakup by End User
11 Market Breakup by Region
12 SWOT Analysis
14 Porters Five Forces Analysis
16 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- 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
- Wearable Robotics Srl
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 135 |
Published | August 2024 |
Forecast Period | 2023 - 2032 |
Estimated Market Value ( USD | $ 0.38 Billion |
Forecasted Market Value ( USD | $ 4.5 Billion |
Compound Annual Growth Rate | 31.7% |
Regions Covered | Global |
No. of Companies Mentioned | 12 |