The global demand for Medical Exoskeleton Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
The medical exoskeleton is the mechanical exterior skeleton that provides protection and body supports to physically disabled patients. The external structure enables the wearer to perform improved functionalities more than their usual capabilities. The exoskeleton is designed to assist physically disabled people to be upright and mobile and is majorly used to bring back or enhance people ability to walk or lift normal objects.
Market Dynamics
The consequent growth in the demand for efficient rehabilitation approaches and the growing number of people with physical disabilities all across the globe are the major factors driving the medical exoskeleton market over the forecast period. In addition to that, collaborations and agreements among companies and research organizations for the development of the exoskeleton technology are expected to positively impact the growth of the medical exoskeleton market in the coming years. Furthermore, the rising volume of favorable reimbursement coverage for medical exoskeletons in many countries will also drive the growth of the medical exoskeleton market. Currently, medical exoskeletons key players and researchers are focusing on developing soft exoskeletons without heavy batteries and electronic motors are likely to boost normal muscle function in healthy individuals, increasing the demand of advanced exoskeleton in the coming years.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of medical exoskeleton.
Market Segmentation
The entire medical exoskeleton market has been sub-categorized into component, type, extremity and mobility. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Component
By Type
- Powered Exoskeletons
- Passive Exoskeletons
By Extremity
- Lower Extremity Medical Exoskeletons
- Upper Extremity Medical Exoskeletons
By Mobility
- Mobile Exoskeletons
- Stationary Exoskeletons
Regional Analysis
This section covers regional segmentation which accentuates on current and future demand for medical exoskeleton market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Micro Segmentation Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the medical exoskeleton market include ActiveLink, Bionik Laboratories Corp., B-TEMIA Inc., Ekso Bionics Holdings, Inc., Gogoa Mobility Robots SL, Lockheed Martin Corporation, Parker Hannifin Corp., Bionik Laboratories Corp., ReWalk Robotics Ltd., Suit X, Wearable Robotics SRL. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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