Medical Exoskeleton Market 2027 Key Players, Latest Developments, Trending News and All Future Plans - Wearable Robotics srl, Parker Hannifin Corporation, ReWalk Robotics, Tyromotion GmbH, Hocoma AG

“Medical Exoskeleton Market” study by “The Insight Partners” provides details about the market dynamics affecting the market, Market scope, Market segmentation and overlays shadow upon the leading market players highlighting the favorable competitive landscape and trends prevailing over the years. This Report encloses comprehensive analysis on the market and market data validated by three approaches including top companies’ revenues. It concludes with precise and authentic market estimations considering all the parameters and market dynamics. Every crucial and decisive detail for the development and restriction of the market is mentioned in the report that may affect the market in near future. Segmentation of the market are studied specifically to give profound knowledge for supplementary market investments.

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The medical exoskeleton market was valued at US$ 96,783.1 thousand in 2018 and it is projected to reach US$ 1,023,036.8 thousand in 2027; it is expected to grow at a CAGR of 29.4% from 2019 to 2027.

Companies Mentioned:
• Bioness Inc.
• B-Temia Inc.
• Tyromotion GmbH
• CYBERDYNE INC
• Ekso Bionics Holdings, Inc
• EXOATLET
• GOGOA Mobility Robots
• Hocoma AG
• Wearable Robotics srl
• Parker Hannifin Corporation

Segmentation Analysis:

In terms of application, the global medical exoskeleton market is segmented into spinal cord injury, multiple sclerosis, cerebral palsy, stroke and others. In 2018, the spinal cord injury segment held largest share of the market. Also, the same segment is expected to register the highest CAGR during the forecast period.

Exoskeletons are used to enhance the physical strength of the human by assisting the limb movements with extra strength. The medical exoskeletons improve the quality of life of the physically disabled people such as patient with spinal cord injury, neurological disorder, paralysis or old age people. Some of the medical human exoskeletons are used by physiotherapy centers and rehabilitation centers, for lower and upper extremity treatment. The growth of the global medical exoskeleton market is attributed to the increase in the number of orthopaedic surgeries, rise in the geriatric population and growing incidences of road accidents. However, high cost of the product and regulatory concerns is the major factor hindering the market growth.

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.

The report Medical Exoskeleton Market gives varied description about the segmentation of the market on the basis of segmented type, application and region, and leads with a descriptive structure of the trends and restrictions of the various segments and sub segments. It also provides the market size and estimates a forecast from the year 2020 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The report also provides exhaustive PEST analysis for all five regions after evaluating political, economic, social and technological factors effecting the Medical Exoskeleton market.

Key Elements that the report acknowledges:
• Market size and growth rate during forecast period.
• Key factors driving the “Medical Exoskeleton ” market.
• Key market trends cracking up the growth of the “Medical Exoskeleton ” market.
• Challenges to market growth.
• Key vendors of “Medical Exoskeleton ” market.
• Detailed SWOT analysis.
• Opportunities and threats faces by the existing vendors in Global “Medical Exoskeleton ” market.
• Trending factors influencing the market in the geographical regions.
• Strategic initiatives focusing the leading vendors.
• PEST analysis of the market in the five major regions.

The report facilitates in determining and interpreting the key market players, portfolios with necessary information such as company profiles, components and services offered, financial information of past few years, key developments in past few years, that helps in constructing strategies to gain competitive advantage in the long run. The report also analyzes factors affecting Medical Exoskeleton market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend.

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