Medical Exoskeleton Market 2020: Impact of COVID-19 on ReWalk Robotics, Ekso Bionics Holdings,Parker Hannifin Corporation (Indego), CYBERDYNE, Bionik Laboratories Corp., Hocoma AG, Tyromotion GmbH, B-Temia Inc., US Bionics and Gogoa Mobility Robots

The Insight Partners analysts forecasts the latest report on “Global Medical Exoskeleton Market (Covid-19) Impact and Analysis by 2027”, according to report; The Medical Exoskeleton Market report covers the overall and all-inclusive analysis of Market with all its factors that have an impact on market growth. This report is anchored on the thorough qualitative and quantitative assessment of the Medical Exoskeleton Market.

The study provides details such as the market share, Market Insights, Strategic Insights, Segmentation and key players in the Medical Exoskeleton Market.

The global medical exoskeleton market accounted to US$ 96.7 Mn in 2018 and is expected to grow at a CAGR of 29.4% during the forecast period 2019 – 2027, to account to US$ 1,023.0 Mn by 2027.

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Note – The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries. This report on ‘Medical Exoskeleton Market’ provides the analysis on impact on Covid-19 on various business segments and country markets. The reports also showcase market trends and forecast to 2027, factoring the impact of Covid -19 Situation.

Our Sample Report Accommodate a Brief Introduction of the research report, TOC, List of Tables and Figures, Competitive Landscape and Geographic Segmentation, Innovation and Future Developments Based on Research Methodology

The reports cover key developments in the Medical Exoskeleton Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players.

Some of the Major Market Players Are:

ReWalk Robotics, Ekso Bionics Holdings, Inc., Parker Hannifin Corporation (Indego), CYBERDYNE, INC., Bionik Laboratories Corp., Hocoma AG, Tyromotion GmbH, B-Temia Inc., US Bionics Inc. and Gogoa Mobility Robots.

Market Insights

Increase In The Number of Orthopaedic Surgeries

The rise in orthopedic surgeries is majorly driven by the operations done for the replacements of the knee and hip joints. The surgeries have been done for the amputations of limbs due to the increasing rate of damages or injuries caused by road accidents or various diseases. The rising number of operations for amputation are observed for patients who have diabetes and also have developed a condition of gangrene. For instance, according to the U.S. Agency for Healthcare Research and Quality, in the United States, approximately replacement surgeries are performed per year. For the deteriorating joints, the knee replacement surgeries have performed in the geriatric population. Knee replacement is among the most commonly performed orthopedic procedures. The number of surgeries is increasing due to the rising chronic conditions, including rheumatoid arthritis (RA), ankylosing spondylitis (AS) and osteoporosis. For instance, according to a report published in 2018 of Healthline Media, rheumatoid arthritis (RA) affects 41 in every 100,000 people per year, and near round, 1.3 million Americans have RA.

High Market Potential In Developing Nations

With increasing costs of manufacturing against their practices, the medical device manufacturers are struggling to generate enough revenue to please their investors. The emerging markets are expected to be the crucial factor for offering better and lucrative growth opportunities for the market players to expand their business and geographic reach. The treatment for the musculoskeletal diseases and orthopedic conditions become more straightforward due to the help of the advancement in the technologies. As compared to consuming heavy dose medicines and hectic therapies, braces and supports have reduced the number of the consumption of the medication and the treatments. The exoskeleton devices have helped so many patients to manage and reduce their pains and helped to move along with the other healthy people. Also, the healthcare expenditure has created lots of opportunities for the developing nations to provide better and more services and facilities to their people. Regions such as Asia, the Middle East, and Africa are investing more in the healthcare sectors.

Besides, the population in these regions and health regarding awareness is aggressively increasing. Therefore, the incidences of the orthopedic conditions are growing. The regions are also witnessing a rise in the start-up companies investing more on the healthcare sectors. Therefore, owing to the factors mentioned above, the market for medical exoskeleton is likely to show a high potential in emerging nations.

MARKET SEGMENTATION

By Drive Type

• Pneumatic Actuator
• Hydraulic Actuator
• Electric Actuator
• Mechanical
• Shape Memory Alloy Actuator
• Other Actuator

By Type

• Powered Exoskeleton
• Passive Exoskeleton

By Extremity

• Lower Body Exoskeleton
• Upper Body Exoskeleton

By Application

• Spinal Cord Injury
• Multiple Sclerosis
• Cerebral Palsy
• Stroke
• Others

By End User

• Rehabilitation Centers
• Physiotherapy Centers
• Others

The report analyses factors affecting the Medical Exoskeleton Market from further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Medical Exoskeleton Market in these regions.
Moreover, the report entails the estimate and analysis for the Medical Exoskeleton Market on a global as well as regional level. The study provides historical data as well as the trending features and future predictions of the market growth. Further, the report encompasses drivers and restraints for the Medical Exoskeleton Market growth along with its impact on the overall market development. In addition, the report provides an analysis of the accessible avenues in the market on a global level.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global Medical Exoskeleton Market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2027 with respect to five major regions. The Medical Exoskeleton Market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

Promising Regions & Countries Mentioned in The Medical Exoskeleton Market Report:

• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East & Africa

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Major Features of Medical Exoskeleton Market Report:

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Medical Exoskeleton market.
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in the global Medical Exoskeleton market, thereby allowing players across the value chain to develop effective long-term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.

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