Medical Exoskeleton Market at a CAGR of 45.0% by 2026| Ekso Bionics Holdings, Inc., ReWalk Robotics Ltd., Parker Hannifin Corp, CYBERDYNE Inc., Gogoa Mobility Robots SL

The Medical Exoskeleton Market study analyzes the market status, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors, and Porter's Five Forces Analysis. This research report encompasses different industry verticals such as company profile, contact details of the manufacturer, product specifications, geographical scope, production value, market structures, recent developments, revenue analysis, market shares, and possible sales volume of the company. Various parameters covered in this Medical Exoskeleton Market research report helps businesses for better decision-making. Strategically analyzed facts and figures of the market and keen business insights in this Medical Exoskeleton Market report would be a key aspect in achieving enduring business growth.

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The medical exoskeleton market is dominated by a few globally established players such as Ekso Bionics Holdings, Inc. (US), ReWalk Robotics Ltd. (Israel), Parker Hannifin Corp (US), CYBERDYNE Inc. (Japan), Rex Bionics Ltd. (UK), B-TEMIA Inc. (Canada), Hocoma AG (a subsidiary of DIH Technologies) (Switzerland), Wearable Robotics SRL (Italy), Gogoa Mobility Robots SL (Spain), and ExoAtlet (Luxembourg).

The global medical exoskeleton market size is estimated to be USD 1.0 billion by 2026, from USD 0.2 billion in 2021, at a CAGR of 45.0%.

The growth of this market is mainly driven by factors such as the increasing number of people with physical disabilities and subsequent growth in the demand for effective rehabilitation approaches; agreements and collaborations among companies and research organizations for the development of the exoskeleton technology, and increasing insurance coverage for medical exoskeletons in several countries driving the growth of the medical exoskeleton market. However, the high cost of medical exoskeletons may restrict market growth to a certain extent.

“The hardware segment is expected to account for the largest share 78.57% of the medical exoskeleton market in 2020.”

The devices segment is expected to hold the largest share 74.9% of the medical exoskeleton market in 2020. This is mainly due to the rising incidence of neurological, neurodegenerative, psychotic, and sleep disorders; the need for early diagnosis; the availability of innovative portable and wearable home-based monitoring devices; and increasing patient awareness.

“The lower extremity segment to register the highest growth rate in the forecast period.”

In 2020, the lower extremity medical exoskeletons segment is expected to account for a larger share of 63.0% of the market. Lower extremity exoskeletons provide stability to paralyzed and geriatric patients and offer weight-bearing and locomotion capabilities. As a result, their adoption is higher in the rehabilitation of patients.

“North America to be the largest regional segment in the medical exoskeleton market during the forecast period.”

Based on the region, the global medical exoskeleton market is divided into North America, Europe, Asia, and the RoW. In 2020, North America is expected to dominate the market with a share of 44.42%. The growing geriatric population, increasing demand for self-assist exoskeletons, high prevalence of stroke, and growing number of spinal cord injuries (SCI) are the key factors driving the growth of the medical exoskeleton market in this region.

Breakdown of primaries

The primary interviews conducted for this report can be categorized as follows:

By Company Type: Tier 1 (40%), Tier 2 (25%), and Tier 3 (35%)
By Designation: C-level Executives (35%), Directors (28%), and Others (37%)
By Region: North America (28%), Europe (22%), Asia (40%), and the RoW (10%)

Research Coverage:

This report provides a picture of the global medical exoskeleton market. It aims at estimating the size and future growth potential of the market across different segments, such as component, type, extremity, mobility and structure. The report also includes an in-depth competitive analysis of the key market players, along with their company profiles, recent developments, and key market strategies

Key Benefits of Buying the Report:

The report will help the leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the medical exoskeleton market and provides them information on key market drivers, restraints, challenges, and opportunities.

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Table Of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
Figure 1 Medical Exoskeleton Market Segmentation
1.3.2 Years Considered
1.4 Currency
1.5 Limitations
1.6 Stakeholders
1.7 Summary Of Changes

2 Research Methodology
2.1 Research Data
Figure 2 Research Design
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
Figure 3 Primary Sources
2.1.2.1 Key Industry Insights
2.1.2.2 Breakdown Of Primaries
2.2 Market Size Estimation
Figure 4 Supply-Side Market Size Estimation: Revenue Share Analysis
Figure 5 Company Revenue Share Analysis Illustration: Medical Exoskeleton Market
2.2.1 Bottom-Up Approach
2.2.1.1 Approach For Arriving At Market Size Using Bottom-Up Analysis (Demand Side)
Figure 6 Medical Exoskeleton Market: Bottom-Up Approach
2.2.2 Top-Down Approach
2.2.2.1 Approach For Arriving At Market Size Using Top-Down Analysis (Supply Side)
Figure 7 Medical Exoskeleton Market: Top-Down Approach
2.2.3 Growth Forecast
Figure 8 Cagr Projections From Analysis Of Drivers, Restraints, Opportunities, And Challenges In Medical Exoskeleton Market (2021–2026)
Figure 9 Cagr Projections: Supply-Side Analysis
2.3 Market Breakdown And Data Triangulation
Figure 10 Data Triangulation Methodology
2.4 Market Share Estimation
2.5 Research Assumptions
Figure 11 Study Assumptions
2.6 Risk Assessment
Table 1 Limitations & Associated Risks

3 Executive Summary
Figure 12 Medical Exoskeleton Market, By Component, 2021–2026 (Usd Million)
Figure 13 Medical Exoskeleton Market, By Type, 2021–2026 (Usd Million)
Figure 14 Medical Exoskeleton Market, By Extremity, 2021–2026 (Usd Million)
Figure 15 Medical Exoskeleton Market, By Mobility, 2021–2026 (Usd Million)
Figure 16 Geographic Snapshot: Medical Exoskeleton Market

4 Premium Insights
4.1 Medical Exoskeleton Market: Overview
Figure 17 Increasing Demand For Effective Rehabilitation Approaches Is Driving Market Growth
4.2 Medical Exoskeleton Market, By Hardware Type & Region
Figure 18 Actuators To Hold Largest Share Of Medical Exoskeleton Hardware Market In 2021
4.3 Medical Exoskeleton Market, By Extremity
Figure 19 Upper Extremity Segment To Grow At Highest Cagr From 2021 To 2026
4.4 Geographic Snapshot: Medical Exoskeleton Market
Figure 20 Asia To Be Fastest-Growing Regional Segment During Forecast Period

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
Figure 21 Medical Exoskeleton Market: Drivers, Restraints, Opportunities, And Challenges
5.2.1 Drivers
5.2.1.1 Increasing Number Of People With Physical Disabilities And Subsequent Growth In Demand For Effective Rehabilitation Approaches
Figure 22 Aging Population, By Region, 2019 Vs. 2050
Figure 23 Percentage Of Disabled People In Us, 2015–2020
Figure 24 Percentage Of Disabled People In Us, By Age Group, 2018
Figure 25 Percentage Of Disabled People In Us, By Type Of Disability, 2018
5.2.1.2 Agreements And Collaborations Among Companies And Research Organizations For Development Of Exoskeleton Technology
5.2.1.3 Huge Investments For Development Of Exoskeleton Technology
5.2.2 Restraints
5.2.2.1 Regulatory Challenges For Securing Approvals For Medical Exoskeletons
5.2.3 Opportunities
5.2.3.1 Introduction Of Soft Actuators
5.2.3.2 Increasing Insurance Coverage For Medical Exoskeletons In Several Countries
5.2.4 Challenges
5.2.4.1 High Equipment Cost
Table 2 Cost Of Medical Exoskeletons
5.2.4.2 Safety Concerns Associated With Medical Exoskeletons
5.2.4.3 Long-Term Power Supply Requirements
5.3 Impact Of Covid-19 On Medical Exoskeleton Market
5.3.1 Value Chain Analysis
Figure 26 Value Chain Analysis Of Medical Exoskeleton Market
5.3.2 Ecosystem
Figure 27 Medical Exoskeleton Ecosystem
Table 3 Medical Exoskeleton Market Supply Chain
5.4 Porter’s Five Forces Analysis
Table 4 Medical Exoskeleton Market: Porter’s Five Forces Analysis
5.4.1 Degree Of Competition
5.4.2 Bargaining Power Of Suppliers
5.4.3 Bargaining Power Of Buyers
5.4.4 Threat Of Substitutes
5.4.5 Threat Of New Entrants
5.5 Case Studies For Medical Exoskeleton Market
5.5.1 Peer-Reviewed Case Study Demonstrates Various Health Improvements Following Rewalk Exoskeleton Use
5.5.2 Ekso Bionics Improves Patient Mobility With Help Of Vodafone-Managed Iot Connectivity Platform
5.5.3 Rls Magnetic Encoders Enabled Marsi Bionics To Design And Build Exoskeleton Orthopaedic Devices
5.6 Technology Analysis
5.7 Future Trends Of Medical Exoskeleton Market
5.8 Patent Analysis
5.9 Standards And Regulations Related To Medical Exoskeleton Market

6 Medical Exoskeleton Market, By Component

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