Medical Exoskeleton Market to Witness Lucrative Growth in Coming Years with Top Key Players GOGOA Mobility Robots, Hocoma AG, Wearable Robotics srl

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.

Latest market study on “Global Medical Exoskeleton Market to 2027 - Global Analysis and Forecasts By Drive Type (Pneumatic Actuator, Hydraulic Actuator, Electric Actuator, Mechanical, Shape Memory Alloy Actuator, Other Actuator); Type (Powered Exoskeleton, Passive Exoskeleton); Extremity (Lower Body Exoskeleton, Upper Body Exoskeleton); Application (Spinal Cord Injury, Multiple Sclerosis, Cerebral Palsy, Stroke and Others); End User (Rehabilitation Centers, Physiotherapy Centers, Physiotherapy Centers, and, Others)”.The research report provides deep insights into the global market revenue, parent market trends, macro-economic indicators, and governing factors, along with market attractiveness per market segment. The report provides an overview of the growth rate of the Medical Exoskeleton market during the forecast period, i.e., 2020–2027. Most importantly, the report further identifies the qualitative impact of various market factors on market segments and geographies. The research segments the market on the basis of product type, application, technology, and region. To offer more clarity regarding the industry, the report takes a closer look at the current status of various factors including but not limited to supply chain management, niche markets, distribution channel, trade, supply, and demand and production capability across different countries.

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What is Medical Exoskeleton?
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.

Some of the key players profiled in the study are Bioness Inc., B-Temia Inc., BIONIK Laboratories Corp, CYBERDYNE INC, Ekso Bionics Holdings, Inc, EXOATLET, GOGOA Mobility Robots, Hocoma AG, Wearable Robotics srl, Parker Hannifin Corporation, ReWalk Robotics, US Bionics, Inc., Tyromotion GmbH, etc.

The research provides answers to the following key questions:
• What is the estimated growth rate of the market for the forecast period 2020–2027? What will be the market size during the estimated period?
• What are the key driving forces responsible for shaping the fate of the Medical Exoskeleton market during the forecast period?
• Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Medical Exoskeleton market?
• What are the prominent market trends influencing the development of the Medical Exoskeleton market across different regions?
• What are the major threats and challenges likely to act as a barrier in the growth of the Medical Exoskeleton market?
• What are the major opportunities the market leaders can rely on to gain success and profitability?

The report profiles the key players in the industry, along with a detailed analysis of their individual positions against the global landscape. The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Medical Exoskeleton market. The researcher provides an extensive analysis of the Medical Exoskeleton market size, share, trends, overall earnings, gross revenue, and profit margin to accurately draw a forecast and provide expert insights to investors to keep them updated with the trends in the market.
Competitive scenario:
The study assesses factors such as segmentation, description, and applications of Medical Exoskeleton industries. It derives accurate insights to give a holistic view of the dynamic features of the business, including shares, profit generation, thereby directing focus on the critical aspects of the business.

Scope of the Report
The research on the Medical Exoskeleton market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor’s methodologies. The research also segments the Medical Exoskeleton market on the basis of end user, product type, application, and demography for the forecast period 2021–2027. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.

Promising Regions & Countries Mentioned in The Medical Exoskeleton Market Report:
• North America
• Europe
• Asia-Pacific
• Latin America
• The Middle East & Africa

Major highlights of the report:
All-inclusive evaluation of the parent market
Evolution of significant market aspects
Industry-wide investigation of market segments
Assessment of market value and volume in past, present, and forecast years
Evaluation of market share
Study of niche industrial sectors
Tactical approaches of market leaders
Lucrative strategies to help companies strengthen their position in the market

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